AMP Access Account

AMP Access Account

Maximum Variable Rate

0.00

Account Keeping Fee

0
Go to site
Secure transfer to bank
More info

Save money on monthly account keeping fees and ATM fees when you use an ATM in the rediATM network.

  • $0 Account keeping fees
  • Linked AMP Visa debit card
  • BankNet, mobile banking and BankPhone
  • Free access to the rediATM network

Product details

The AMP Access account is a simple-to-use everyday banking solution that makes it easy to access your money. With an AMP Visa debit card linked to the account you can make withdrawals and purchases without additional fees. There are no minimum balances required to maintain the account and you can take advantage of linking this one to any of your savings accounts.

You'll have access to over 3,400 ATMs to withdraw from.

Product Name
AMP Access Account
Monthly Account Fee
$0
Debit Card Access
Visa
ATM Withdrawal Fee
$0
Interest Rate p.a.
0.00%
Details
Unlimited fee-free transactions at rediATMs, $0 transaction fees using BankNet, mobile banking and BankPhone.
Joint Application
Yes

What are the features of the AMP Access Account?

Having features that suit your spending style can save you both time and money with the transaction account that you choose. Take a look at what AMP’s Access Account offers and compare those features to what you find at other banks.

$0 Account-keeping fees

AMP charges no monthly maintenance fees for the account.

$0 AMP transaction fees

You have unlimited fee free ATM, online, mobile and phone access to your account.

$0 Minimum balance

There is no minimum balance requirement.

Linked Visa debit card

Your account is linked to an AMP Visa debit card which can be used to make point of sale, online, and over the phone purchases as well as cash withdrawals. These transactions are deducted straight out of your account, rather than appearing as a credit card purchase.

Link to your savings account

You are able to link other accounts, such as savings and investments, with other banks to this one to easily manage your transfers.

Free access to the rediATM network

With your Visa debit card you can make withdrawals at any of the over 3,400 rediATMs in Australia. If you use an ATM outside of that network other provider fees may be deducted from your account.

Visa payWave available on your debit card

Make contactless purchases of under $100 with point of sale purchases that accept Visa payWave. This feature allows you to pay your receipt without swiping your card or having to leave your signature.

Available for both personal and business use

This account is available for personal use or for sole traders, companies and trusts and other organisations. You can compare other AMP products here.

Joint account available

You are permitted to open this account as a joint account.

Pros

  • $0 minimum opening balance
  • Use of internet and phone banking is allowed
  • Linked Visa Debit card

Cons

  • AMP is an online-only bank

How do I apply for the AMP Access Account?

With AMP, you can apply for their transaction account online by choosing the application form that best suits your circumstance.Click “Go to Site” to begin.

Eligibility to apply online

Make sure that you are able to meet their eligibility requirements:

  • Minimum age. In order to qualify you must be 18 years of age or older.
  • Residency requirements. Only residents of Australia are able to apply, and they must be available to be identified as in Australia at the time that the account is opened.
  • Depository requirements. AMP lists no minimum deposit requirement necessary in order to open your new transaction account.

It should take approximately ten minutes to complete the online application.

Documentation for your online application

 

AMP will also ask for certain documentation as you complete your application that will include your:

  • Tax identification number. Your tax file number (TFN) or exemption code is not mandatory, but if you don’t provide it, AMP is obligated by Australian law to deduct any tax on interest earnings at the highest marginal rate.
  • Identification. A driver’s licence or passport can be used to help verify your identity.
  • Bank account details. If you are already an existing AMP customer you will need to provide your account number. For those wishing to link an outside account to this one, you will need to provide the BSB, account number and account name.

If you do not wish to have your identity verified online, AMP will send you the necessary forms to do so in person within three business days.

What happens after I submit my application?

 

Once your identity has been verified, your new account will be activated within two business days.

 

Back to top Back to top Back to top

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback