Compare Bank Accounts in Australia for November 2024

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1 - 6 of 212

Name

Monthly fee

Govt. Guarantee

Own network ATM fee

International transaction fee

International ATM Fee

Newcastle Permanent Everyday Account

Apple Pay Google PayVisa

Newcastle Permanent Everyday Account

Apple Pay Google Pay

Go to site

Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	$5
International transaction fee	3%
Monthly deposit required to waive account fee
Contactless Payments	Apple Pay, Google Pay

Minimum Age
Joint account availability
Minimum opening deposit	$0
Residency status	Permanent Australian residents with an Australian address

Pros

No account keeping fee
Can choose the colour of your debit card
Can use the account to offset a Newcastle Permanent home loan

Cons

International transaction fee applies
$5 overseas ATM withdrawal fee

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

$0 monthly fees, unlimited free transactions plus a Visa debit card and digital card.

Newcastle Permanent Everyday Account

Apple Pay Google PayVisa

Newcastle Permanent Everyday Account

Apple Pay Google Pay

Go to site

Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	$5
International transaction fee	3%
Monthly deposit required to waive account fee
Contactless Payments	Apple Pay, Google Pay

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

Suncorp Bank Everyday Options Account

Apple Pay Google PayVisa

Suncorp Bank Everyday Options Account

Apple Pay Google Pay

Go to site

Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee
International transaction fee	0%
Monthly deposit required to waive account fee	$0
Contactless Payments	Apple Pay, Google Pay

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

Eligible Visa Debit cardholders can get cashback when using their card to shop at partner retailers.

ING Orange Everyday Account

Apple Pay Google PayVisa

ING Orange Everyday Account

Apple Pay Google Pay

Go to site

Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	$5
International transaction fee	3%
Monthly deposit required to waive account fee	$0
Contactless Payments	Apple Pay, Google Pay

Pros

$0 account keeping fees
Earn 1% cashback on utility bills (T&Cs apply)
5 rebated Australian ATM withdrawal fees per month and no international transaction fees when account conditions are met
Link to a Savings Maximiser and earn a competitive bonus interest rate
Deposit money via Bank@Post for free

Cons

ING doesn't have any branches
International ING ATM fees and transaction fees do apply if account conditions are not met
In Australia, ATM rebates are capped at the first 5 transactions a month

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

1% cashback on utility bills (T&Cs apply)

MyState Bank Glide Account

Apple Pay Google Pay Samsung Pay Garmin PayVisa

MyState Bank Glide Account

Apple Pay Google Pay Samsung Pay Garmin Pay

Go to site

Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee
International transaction fee	3%
Monthly deposit required to waive account fee	$0
Contactless Payments	Apple Pay, Google Pay, Samsung Pay, Garmin Pay

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

Revolut Account

Apple Pay Google PayVisa and Mastercard

Revolut Account

Apple Pay Google Pay

Go to site

Monthly account fee	$0
Card access	Visa and Mastercard
Own network ATM fee	$0
International ATM Fee
International transaction fee	0%
Monthly deposit required to waive account fee
Contactless Payments	Apple Pay, Google Pay

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

Bendigo Bank Everyday Account

Apple Pay Google Pay Samsung Pay Garmin PayMastercard

Bendigo Bank Everyday Account

Apple Pay Google Pay Samsung Pay Garmin Pay

Go to site

Monthly account fee	$0
Card access	Mastercard
Own network ATM fee	$0
International ATM Fee	$5
International transaction fee	3%
Monthly deposit required to waive account fee	$0
Contactless Payments	Apple Pay, Google Pay, Samsung Pay, Garmin Pay

Monthly fee

Government Guarantee

Own network ATM fee

International transaction fee

International ATM fee

Go to site More Info

Compare

Showing 6 of 6 results

Banks

What is a bank account?

A bank account is a deposit product that holds your money. Banks, credit unions, building societies or other financial institutions offer them. Your employer can deposit your salary or wages directly into your bank account, which you can access whenever you want through ATM cash withdrawals, EFTPOS purchases with the linked debit card or bills payment.

Bank accounts are also often referred to as everyday accounts or tranhow saction accounts.

When starting your bank account comparison, consider the following features to make sure you choose the right bank account for you.

Consider the account-keeping fees.

Look for an account that charges no or low monthly account keeping fees. Or, if there is an account-keeping fee, you can often get the fee waived by depositing a certain amount of money into the account each month.

Check the deposit conditions.

If the account requires you to meet a monthly deposit requirement (this can be anywhere from $200 to $2,000 a month), make sure it's an amount that you can easily meet each month.

Check the ATM fees

Will you be charged an ATM withdrawal fee to access your cash? Don't forget to check the overseas ATM withdrawal fee too as this can be quite high with some bank accounts.

Compare the overseas fees and charges.

If you travel a lot or regularly shop online from overseas retailers, check the international transaction fee when comparing bank accounts. Some bank accounts don't charge an international transaction fee at all, and others will waive this fee if you meet certain deposit conditions.

Look at the linked savings account.

If you want to link a savings account to your bank account with the same bank, check the interest rate you can earn with the savings account. If you're trying to save money, more interest you can earn on your savings account means better.

Consider the payment options.

If you want to make contactless purchases with your phone, check that the bank account supports Apple Pay, Google Pay or Samsung Pay. If you want to make instant bank-to-bank transfers, looking for an account that offers instant payments with PayID and Osko.

Do you need a joint account?

If you're looking for a bank account that you can share with another person (such as your partner), make sure you check if the account can be opened as a joint bank account.

Does it offer any special deals?

Some bank accounts offer cash bonus offers or cash back deals when you open an account. Others will offer an ongoing cashback offer when you make purchases. Just make sure the fees charged on the account don't outweigh any benefit offered with these cash promotions.

How does Finder help compare bank accounts?

Every year Finder's data analysts and banking experts assess 100+ bank accounts in our database to look for the most competitive products in the market as part of the annual Finder Awards. To determine the best transaction accounts we look at all the accounts in our database and filter for those with no account keeping fees, no local ATM fees and no international transaction fees. From here, we assess the extra benefits and features these accounts offer and determine which account offers the most value overall - usually in the form of a cash back offer, interest or rebated ATM fees.

As well as our annual awards program our Finder authors have researched and published 100+ banking guides and product reviews, and regularly appear in the media, for example on Sunrise, 7News and SBS News.

Compare bank accounts: Key features and benefits

Safer than cash. Bank accounts offer a secure place to hold your money. It is much safer (and easier) than keeping your money in physical cash. Plus, the Australian government protects your deposit up to $250,000 in an Australian bank account.
Easy access to your money. The money in your bank account is yours to access and use whenever you want. You can withdraw cash at an ATM, use the debit card to purchase things in stores, pay your bills or shop online 24/7.
Free debit card. Bank accounts come with a free debit card linked to your account, usually either Visa or Mastercard debit card. You can use this debit card in stores in Australia and overseas, at ATMs and online. Unlike a credit card, the money on your debit card is limited to what you deposit into the account.
Transaction history. You can see all your past bank account transactions and purchases by logging into your Internet banking portal or mobile banking app. This is handy to keep track of where and how you're spending your money.
No interest charged. Unlike a credit card that is a type of loan that you need to repay, the money in your bank account is your money. You can only spend what you have in the bank account, so there are no interest repayments to worry about. There's also no risk of spending more than you have.
Mobile banking app. Most bank accounts offer mobile app access. You can keep track of your bank account, manage your expenses and see your transactions in the app 24/7.
Linked to savings. A bank account can also be linked to a savings account with the same bank. You can move money from your savings into your bank account so you can spend it when needed.

Our expert says

"Bank accounts seem like a pretty basic product - but don't overlook the fees. International fees may not mean much day to day, but can really stack up when you're on holiday tapping away at the swim up bar. This is often a % of the transaction and can range from 0% to 3%+. There's also international ATM fees, so if you're someone that holidays even once a year - be sure to check that. "

Alex Holderness

Head of publishing

Comparing no fee transaction accounts

No fee transaction accounts are bank accounts with no (or limited) fees. Bank accounts have a large list of fees for various things, and it's unlikely you'll find one with no fees at all. However, the main fees that people like to avoid are monthly account keeping fees (for accounts that do charge this fee it's usually around $5 per month). Luckily, these fees are easy to avoid as there are plently of bank accounts today that don't charge this fee. See the list below for a few examples.

Transaction accounts with no account keeping fee

Determine what fees are most important for you to avoid, and look for a transaction account that doesn't charge these. For example, if you travel a lot and regulalrly shop online from international sites you'll probably want a transaction account with no international transaction fees. Or perhaps you regulalry use ATMs to withdraw cash, in which case you'd probably want a transaction account with no ATM fees.

Bank account or savings account: Which do you need?

A bank account (also called a transaction account) and a savings account are 2 different types of accounts that serve different purposes. A bank account is a transaction product designed for daily use to buy things in stores, withdraw from ATMs, pay bills, transfer money to friends and receive your salary or wages. A bank account comes with a debit card but typically doesn't pay interest on your money (although there are some rare examples of bank accounts that do pay interest, such as the Macquarie Transaction Account).

A savings account is another account that you can link to your bank account. A savings account pays interest on the money in the account as it's designed to help you save. It doesn't come with a debit card as it's not meant to be used as a transaction account for purchases and day-to-day spending.

You don't have to pick just one of these. In fact, having both a bank account and savings account linked together is a great way to manage your spending and saving side-by-side.

How to open a bank account

Here's how to open a new bank account online in 5 steps:

Compare. Compare bank accounts using the table above and find the right one for you.
Apply online. Once you've chosen one, click "Go to site" to complete the online application.
Add your details. Fill in your name, age, address, contact details and residency status.
Verify your identity. Once the bank has verified your identity with your driver's licence, passport or other forms of ID, your account will be opened instantly.
Fund your account. Transfer some money into your new bank account from another account or deposit cash into the account via a bank branch, ATM or Post Office. You'll soon receive your debit card in the mail.

What type of bank account are you looking for?

Need a bit more help choosing a bank account? The right bank account for you will depend on how you plan to use the account and what you're looking for.

Bank accounts to use overseas

If you travel a lot or often purchase things online from overseas merchants, these bank accounts charge low or no foreign transaction fees or international ATM fees.

Business bank accounts

If you're a business owner, compare business bank accounts to keep your business banking separate from your personal banking.

Bank accounts for expats

If you're in Australia to study or for work, there's a number of bank accounts that you can compare.

Student bank accounts

Compare bank accounts that waive the monthly account keeping fees while you're a student.

Joint bank accounts

A joint bank account gives more than 1 person access to the account. These are convenient for couples with shared finances.

Fee-free bank accounts

Compare bank accounts with no monthly account keeping fees and no ATM withdrawal fees to save you cash.

Frequently asked questions

A transaction account is designed for spending (including daily purchases, paying bills, transferring money, shopping online etc.) while a savings account is design for saving. A transaction account comes with a debit card to allow you to easily spend the money, while a savings account doesn't come with a debit card and instead earns interest to encourage you to keep money in the account.
There are usually no costs involved to open a bank account. Some banks will require you to make an initial deposit of at least $1 in order to activate the account. If you're opening a bank account with a member-owned bank, mutual or co-operative sometimes you will be required to first join as a member and pay a membership fee (this varies, but is usually around $10). However, this isn't very common anymore.
It's a good idea to have your salary sent to your main everyday bank account. This way, you can instantly use the money to pay your bills, make any recurring payments and buy things you need. Once the money is in your bank account you can transfer some into other accounts you might have (like a savings account or a joint bank account you share with someone else).
Most bank accounts offer similar features for paying bills. Look for an account that offers BPay paymets and the ability to schedule recurring payments. It could also be worthwile to choose an account that offers Osko for instant money transfers, which could be handy if you need to pay a bill ASAP. Another feature that will help you pay your bills is a mobile banking app - this will allow you to pay bills anywhere, anytime without having to log into Internet banking on your desktop computer.
In the event of death, the deceased's bank accounts are closed by the bank. Before that, any remaining money will be paid out in line with what was requested in their will, which is a legally binding document outlining who gets the deceased's assets following death.
If there is no will, ownership of the account and its assets will be transferred to the next of kin or estate administrator. It's important to note that any credit card debt or personal loan debt will be paid from the deceased's bank and savings accounts before the account administrator takes control of any assets.
If you don't yet have a will created, you can get started making a will on the Service NSW website online.

Why you can trust Finder's banking experts

You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees. Guaranteed.

You save time. We spend 100s of hours researching bank accounts so you can sort the gold from the junk faster.

You compare more. Our comparison tools bring you more banking products from across the market.

Thank you for your feedback!

To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten and reviewed by Serina Bird, a member of Finder's Editorial Review Board.

Written by

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise

Alison has written 625 Finder guides across topics including:

Superannuation
Savings accounts, bank accounts and term deposits
Budgeting and money-saving hacks
Managing the cost of living

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20 Responses

NilrajJune 13, 2024

I am an international student at Griffith University, Gold Coast. Can you please suggest which and what type of bank account should I get? From where come savings bank account and bank account both are one thing, so can you explain me the difference. Thank you

Finder

SarahJuly 2, 2024Finder

Hi Nilraj,

You’ll want to get 2 accounts: a transaction account and a savings account.
Your transaction account is for everyday banking: receiving income/pay, making purchases, shopping online, transferring money to friends etc.
Your savings account is where you put your savings to earn interest. Right now, you can get interest rates of 5% or higher.

You don’t have to get a transaction account and savings account with the same bank, but it can be helpful to do so, for easy of transferring between accounts.

You may want to start by choosing a high interest savings account that suits you and then pick a transaction account with the same bank.

Hope this helps!

PaulFebruary 27, 2020

Three people representing a large group of retired people are looking to open a special account to collect money for a specific purpose. The group is not an incorporated association.
Is it possible to open an account on-line with the three members living in different areas in Australia?

NikkiFebruary 28, 2020

Hi Paul,

Thanks for your comment and I hope you are doing well.

We have a page that shows a list of savings accounts for charities, a bank account for a group that collects money for a specific purpose. According to our review, these accounts are designed for Australians who want to passively make their own contributions for the greater good.

On the page, you will find a table that compares the features and benefits and fees. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to compare community accounts is also stated on the page. You can also click the compare box beside each savings account option and compare up to 4 options side by side for faster comparison. As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the chosen account before applying. You may also contact the bank should you have any questions about their product.

Best,
Nikki

ShuoJune 11, 2019

Which banks do not charge unpaid payment fee?
I am using CommBank now and I am really unhappy they charge me unpaid payment fee so I want to change my card.

Finder

JeniJune 13, 2019Finder

Hi Shuo,

Thank you for getting in touch with Finder.

Sorry to hear your experience. Please note that the unpaid payment fee/dishonor fee occurs when you set a payment schedule and your account has insufficient amount for that, and even if you change banks you may still experience being charged with the said fee if you forget to put some money on your scheduled payment. It is important that you check your account’s balance from time to time and if there’s a scheduled payment, it is a good idea to get in touch with your bank on how you may prevent this type of charge.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

MagidOctober 10, 2017

hi
i am 16 years old and i have a casual job that pays about 13$ an hour and i work for about 8-10 hrs a week sometimes more.
Can you please tell me the best bank i should go with, eg interest rate, credit/bonus interest or superannuation, im not sure what exactly they mean but i was hoping you can tell me which bank account i should go with eg ANZ, Commbank, Westpac, NAB or anything else

can you also tell me the difference between debit, mastercard, visa or credit card and which i can get, (i am 16 years old)

thanks

Finder

JoanneOctober 10, 2017Finder

Hi Magid,

Thanks for reaching out.

You can read our guide on savings account for some basic information you need to know.

A debit card is a card that is tied directly to your checking account and you can use the card to a store and make a purchase. That would mean purchases would be drawn directly out of your own funds/checking account.
A credit card is a card issued by a bank that allows you to borrow money in such a way that the bank finances the purchases you make at a store. A credit card will charge you interest if you do not make your payment on an agreed date with the bank.
Visa and Mastercard provide the technology and networks required for processing card payments.
Our comparison table with a list of savings accounts will help you choose which account suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

Hope that helps,
Joanne

JessAugust 9, 2017

How do I delete an account I accidentally made ?

JonathanAugust 10, 2017

Hello Jess,

Thank you for your inquiry. Just would like to confirm if you mean a “bank account”?

If you are, you may contact the bank or the financial institution concerned so that they can initiate the closure.

Hope this helps.

Cheers,
Jonathan

Compare bank accounts

Find a happy home for your money. Monthly fees, ATMs, cash back and offers updated daily across 200+ accounts.

Banks

What is a bank account?

How to compare bank accounts in Australia

Consider the account-keeping fees.

Check the deposit conditions.

Check the ATM fees

Compare the overseas fees and charges.

Look at the linked savings account.

Consider the payment options.

Do you need a joint account?

Does it offer any special deals?

How does Finder help compare bank accounts?

Compare bank accounts: Key features and benefits

Comparing no fee transaction accounts

Transaction accounts with no account keeping fee

Bank account or savings account: Which do you need?

How to open a bank account

What type of bank account are you looking for?

Bank accounts to use overseas

Business bank accounts

Bank accounts for expats

Student bank accounts

Joint bank accounts

Fee-free bank accounts

Frequently asked questions

What's the difference between a transaction account and a savings account?

Which bank accounts have no minimum deposit requirements?

How much does it cost to open a bank account?

Which account should I put my salary into?

Which bank account has no international fees?

What is the best bank account to pay my bills?

What will happen to my bank account if I die?

Why you can trust Finder's banking experts

Alison Banney

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20 Responses

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