These bank accounts charge no fees for any ATM in Australia
Nearly everyone has found themselves begrudgingly spending $2 - $3 just for using an ATM. Altogether this adds up to Australians paying hundreds of millions of dollars in ATM fees every year, simply because we don't have any other option. At least that's what we thought. If you look for them, it turns out that some banks will let you use any ATM in Australia for free with certain accounts.
Bank accounts that don’t charge ATM fees
Compare features to find the account that's right for you, and you can wave goodbye to ATM fees.
ME Bank give you a refund within 30 days if you get charged any ATM fees when you use the account's linked debit card to withdraw cash from ATMs in Australia, and carries no monthly fees.
Just by getting your monthly pay deposited in the Orange Everyday Account, you might be able to start using any ATM in Australia for free. ING DIRECT will waive ATM fees anywhere in Australia if you deposit $1,000 or more each month.
ING DIRECT don’t charge a monthly account keeping fee, and will start you off with a $75 cash bonus for signing up to this account.
The Bankwest Easy Transaction account lets you make free transactions at ATMs from Bankwest, Commonwealth Bank, Westpac, NAB, Commonwealth Bank, St. George Bank, Bank of Melbourne and BankSA, making it easier to pay no ATM fees at all no matter where you are in Australia.
Combined with a range of other benefits, it might be account you've been looking for.
You have no monthly account keeping fees with the HSBC Day to Day Transaction Account, and can also avoid ATM fees by using HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs for free withdrawals.
In addition to this, the account can reward transactions, benefiting everyday use.
With no monthly fee, no international ATM withdrawal fee and no currency conversion fee when you use this account's linked debit card overseas, the Citibank Plus is a standout travel account.
It’s not bad at home either, letting you make free ATM withdrawals at Citibank, Westpac, St.George, BankSA and Bank of Melbourne ATMs.
Free ATMs in bank networks
Some of the above bank accounts can get you zero ATM fees at any machine in Australia, while others will let you use most ATMs in the country with no charge. You can also avoid ATM fees by selecting a bank with an especially large ATM network.
Which bank has the most ATMs in Australia?
More ATMs means less walking, so the size of an banking network is a selling point. To offer more for their customers, financial institutions have formed partnerships to provide different ATM networks. In Australia, Commonwealth Bank operates Australia’s largest ATM network of more than 4,000 Commonwealth Bank and Bankwest ATMs, while NAB partnered with rediATM has the next biggest network, followed by Westpac, Citibank and HSBC. Meanwhile, credit unions and building societies will often utilise the rediATM network, as does National Australia Bank.
- Commonwealth Bank and Bankwest. More than 4,000 ATMs (domestic).
- Westpac Group. More than 3,000 ATMs (domestic). More than 50,000 ATMs worldwide (Global ATM Alliance).
- Citibank. More than 3,000 ATMs (Westpac Group domestic). More than 20,000 ATMs worldwide (Citibank international).
- HSBC. More than 3,000 ATMs (Westpac Group domestic).
- ANZ. More than 2,600 ATMs (domestic).
- Suncorp and Bendigo Bank. More than 2,000 ATMs (domestic).
Ways you can avoid ATM fees
Find a bank account which doesn’t charge ATM fees
The ING DIRECT Orange Everyday Account and ME Bank Everyday Bank Account do not charge for ATM withdrawals at any ATM in Australia. These accounts are free to open and ING Direct and ME Bank can assist you switching your banking services from your current financial institution.
Use an partner ATM
Make sure you’re aware of your financial institution’s partner ATMs and you never miss out on an opportunity to make a free withdrawal.
ATM locator tools
Financial institutions all have tools on their websites and mobile banking applications you can use to find the closest ATM or branch where you can withdraw for free.
Cash out over the counter
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 $20 minimum available from ATMs.
It costs ATM operators a fraction of the fee they charge consumers to use an ATM. Every dollar counts. Save your money for yourself and let your bank cry poor. Compare and apply for a bank account that doesn’t charge ATM fees today.