You can use the ATMs owned by your bank to withdraw money for free. For example, if you're with Greater Bank, you can access all Greater Bank ATMs for free. But did you know you can also access Big Four bank ATMs for free if you've got an Australian debit card?
The Big Four banks have removed the fees charged to customers of another bank when they use their ATMs. This means if you've got an Australian bank account with a debit card (like any of the accounts in the table above), you can use it to withdraw cash for free at all CommBank, ANZ, NAB or Westpac ATMs across Australia. The ATM operator (one of the Big Four banks) won't charge a fee, but your bank account may charge its own withdrawal fee (this isn't that common).
Some bank accounts do not charge for ATM withdrawals at any ATM in Australia, even ATMs that aren't operated by the Big Four banks. For example, the ING Orange Everyday Account will rebate the first 5 ATM fees you pay each month. The Macquari Transaction Account charges no ATM fees at all. These accounts are free to open online.
Make sure you’re aware of your bank's partner ATMs and you never miss out on an opportunity to make a free withdrawal. For example, CBA customers can also use Bankwest ATMs for free. And St.George customers can use Westpac ATMs fee-free.
Financial institutions all have tools on their websites and mobile banking apps you can use to find the closest ATM or branch where you can withdraw for free.
Woolworths, Coles, McDonald's, Shell or BP, major supermarkets, petrol stations and large retail chains will let you get cash out over the counter when you make a purchase. This comes in handy when you want to withdraw less than the $20 minimum available from ATMs. You can often do this yourself at self-serve checkouts for free.
This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
What are virtual debit cards, how do they work and what benefits do they offer? Find out here.
Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
With convenient access to your funds and a host of flexible features, Bendigo Bank’s Everyday Account can help you manage your day-to-day finances with ease.
The Access account offers bcu customers accessibility, flexibility and convenience when conducting everyday banking transactions.
Online-only banks do not operate any physical branches resulting in reduced expenses and more affordable banking solutions for their customers.
For foreigners opening a bank account in Australia, the process is easy and user-friendly, and often comes with attractive deals and discounts on transaction fees.
You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.
Any funds in your Bank Australia Mortgage Offset are subtracted from your home loan principle and reduces your interest repayments while giving you on-call access to your funds.
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.