Product details
Minimal fees and the ability to easily access your funds are two important requirements of any transaction account, and they’re two of the reasons why the Adelaide Bank MyEveryday Account is worth a closer look. Featuring a Visa Debit card, the MyEveryday Account provides a wide range of fee-free access options that allow you to spend your money whenever you want.
A minimum balance requirement of $1 gives you the freedom to dip into your balance any time you need, with no monthly fees to worry about.
- Product Name
- Adelaide Bank MyEveryday Account
- Monthly Account Fee
- $0
- Debit Card Access
- Visa
- ATM Withdrawal Fee
- $0
- Interest Rate p.a.
- 0.00%
- Details
- Fee-free daily transactions and no administration fees.
- Fee Free Deposit p.m.
- $0
- Overseas ATM Withdrawal Fee
- $4
- Phone Banking
- Yes
- Fees
- $0
- Internet Banking
- Yes
What are the features of the Adelaide Bank MyEveryday Account?
Visa Debit card
The Adelaide Bank MyEveryday Account features a free Visa Debit card, providing convenient access to your funds anywhere that Visa is accepted around the world.
Fee-free transactions
You can make a wide range of everyday transactions on this at-call account without incurring any fees. Fee-free transaction options include: ATM withdrawals, transfers and balance enquiries from any ATM in the Bendigo Bank network; cash deposits at any Bendigo Bank branch; BPAY/AnyPay; online banking transfers; telephone banking transfers; regular payment plans and more.
Minimum opening balance of $1
A minimum balance of just $1 is required to open an Adelaide Bank MyEveryday Account.
Minimum operating balance of $1
You will only need to maintain a minimum balance of $1 in your account to ensure that it stays open. The bank reserves the right to close your account if you do not meet this requirement. No maximum account balance limit applies.
No administration fees
There are no monthly or annual account-keeping fees attached to the Adelaide Bank MyEveryday Account.
Monthly statements
Account statements are issued monthly, but you can monitor your transaction history at any time via Internet banking.
Fees for other services
Some other transactions on this account will incur a small fee, for example making a Bank@Post withdrawal or deposit or making a branch withdrawal or transfer. A full schedule of transaction fees is available from Adelaide Bank.
Available for
The following individuals and entities are eligible to open an Adelaide Bank MyEveryday Account: individuals, companies, partnerships, trusts and super funds.
Pros
- 1 minimum opening balance
- $0 account keeping fees
- Online banking is available
Cons
- $4 Overseas ATM Withdrawal Fee
What you’ll need to know before applying
If the Adelaide Bank MyEveryday Account sounds like it could be the perfect transaction account for your needs, click on one of the “Apply Now” links on this page to be taken to the Adelaide Bank website. There you can find more information about the account and contact the bank for an application form.
Eligibility criteria
- Minimum age. You must be at least 18 years of age to open an account.
- Residency requirements. You’ll need to be an Australian resident to apply; applications from outside Australia will not be accepted.
- Depository requirements. A minimum opening deposit of $1 is required to open an Adelaide Bank MyEveryday Account. You will also need to maintain a balance of at least $1 in your account at all times.
Documentation needed
If you’re a new customer, you’ll also need to provide valid proof of ID (for example, a current driver’s licence or passport) when you apply to open an account.
What happens next?
Once your application has been submitted and approved, you’ll be sent your linked Visa debit card so that you can quickly and easily access your funds anywhere that Visa is accepted.
The Adelaide Bank MyEveryday Account combines a range of flexible access options with minimal fees to make it easy to manage your finances from one day to the next. However, before deciding whether it’s the right transaction account for you, compare it with a range of other everyday accounts featured at finder.com.au.
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