86 400 Pay account review
An everyday bank account with no account-keeping fees and with smart spending tools and features.
When you open an 86 400 Pay account, you can also link your existing bank account or accounts and see all your transactions in the one place in the 86 400 app. You'll receive reminders for upcoming bills, and the app will automatically group all your transactions into different spending categories.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
86 400 is a digital bank that operates entirely via a mobile app. Its Pay account acts as an everyday transaction account for day-to-day spending, with no account keeping fees. The banking app is what makes this account quite unique in comparison to other Australian bank accounts.
Within the 86 400 app you can link your existing transaction accounts to your 86 400 account, and see all your transactions from multiple accounts in the app. The app will also scan your past transaction history (even though these transactions may be from other transaction accounts with different banks) and detect any regular payments or bills you have, and let you know when you’ve got one coming up.
You can use 10,000+ ATMs in Australia for free, but when using overseas ATMs you'll likely be charged a fee by the ATM operator (this will be displayed on the screen). There are no international transaction fees charged, which is great if you use your debit card overseas a lot.
Remember this is a completely digital bank, so there’s no bank branches and no desktop banking portal.That being said, the modern app packed full of features to help you manage your money should more than make up for this.
Plus, you can add multiple 86 400 Save accounts to this account in the app and earn a really competitive bonus interest rate on your savings.
No account-keeping fees
There are no set-up fees and you'll never pay any monthly account-keeping fees. The 86 400 app is free to download.
Quick, easy account sign up
Once you've downloaded the app, the sign-up process to create an 86 400 Pay account takes just a few minutes.
Free Visa Debit card
You'll get a free Visa Debit card with your 86 400 account that's linked to your Pay account. You can use the card to shop online or in-store all around the world and withdraw cash from ATMs. You can also tap and pay using the card by hovering it over the EFTPOS terminal for purchases less than $100.
Access 10,000 Australian ATMs for free
Note that you'll be charged an ATM withdrawal fee set by the ATM operator; however, there are over 10,000 ATMs in Australia that are free to use including all Westpac, CBA, NAB and ANZ ATMs.
Using the debit card overseas
86 400 doesn't charge any withdrawal fees when you use an ATM overseas, however the ATM oprerator may charge its own fee which will be passed onto you. This fee will be displayed on at ATM at the time of the withdrawal. There are no international card fees when you use the debit card to make purchases in another country.
Apple Pay, Google Pay and Samsung Pay available
You can link the account to Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay to make purchases with your phone, watch or wearable device.
Link your existing bank accounts to the 86 400 app
If you have a bank account (or accounts!) with other banks, you can link these to your 86 400 app. This means that, rather than having to close your existing account, you can view them all in the one place within the app, alongside your 86 400 Pay account. Note that you can't make payments from the other accounts using your 86 400 app.
Bill detection and reminders
The 86 400 app will scan your past payment history to predict when you have bills due. You'll get a reminder when you have a bill coming up in the next 30 days.
Make instant bank-to-bank money transfers using Osko, even between accounts from different banks and on weekends.
Deposits up to $250,000 are guaranteed by the government
86 400 has its full banking licence, which means your deposit of up to $250,000 is protected under the Australian Government Guarantee scheme.
How to applyTo open an 86 400 Pay account, you must be at least 16 years old and an Australian citizen or permanent resident.
- Download the 86 400 app for free from the App Store or Google Play.
- Go through the identity verification process. This takes just a few minutes.
- Transfer money into your new Pay account from an existing Australian bank account, or ask your employer to direct your pay into your new account.