These bank accounts won’t charge you to use any ATM in Australia
Nearly everyone at some stage has found themselves begrudgingly accepting the $2 - $3 charge to withdraw money. We accept it because we need money and there is no other option, until now. Australians pay hundreds of millions every year in ATM fees. Read on for a list of bank accounts that don’t charge ATM fees and bank accounts with largest ATM networks in Australia.
Bank accounts that don’t charge ATM fees
These accounts give you free ATM withdrawals anywhere in Australia.
ME Everyday Bank Account
ME Bank give you a refund within 30 days if you get charged any ATM fees when you use the ME Bank Everyday Bank Account Debit MasterCard to withdraw cash from ATMs in Australia. Pay no monthly account keeping fee either. The ME Bank Everyday Bank Account is a fee free bank account.
ING DIRECT Orange Everyday Account
ING DIRECT have a similar offer to ME Bank but you have to deposit $1,000 or more each month to get the ATM fee waiver. If you get your monthly pay deposited in the Orange Everyday Account you can use any ATM in Australia for free. ING DIRECT don’t charge a monthly account keeping fee and will give you $75 cash bonus too.
Bank accounts with large ATM networks
These bank accounts give you a wide range of fee-free ATM withdrawal options.
Bankwest Easy Transaction Account
Bankwest give you free access to a huge number of ATMs. Use the Easy Transaction Account Debit MasterCard to make free ATM withdrawals at Bankwest, Commonwealth Bank, NAB, ANZ, Westpac, St.George, BankSA and Bank of Melbourne ATMs Australia wide. You can avoid the monthly account keeping fee by depositing $2,000 or more in the Easy Transaction Account each month.
Citibank Plus Transaction Account
The Citibank Plus is a standout travel account. Pay no monthly fee, no international ATM withdrawal fee or currency conversion fee when you use this card overseas. It’s not bad at home either, make free ATM withdrawals as Citibank, Westpac, St.George, BankSA and Bank of Melbourne ATMs.
HSBC Day to Day Transaction Account
The Day to Day Transaction Account from HSBC comes with a Visa Debit Card you can use to withdraw money for free at HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. HSBC also do not charge a monthly account keeping fee.
Financial institutions and ATM network size
The size of the ATM network is a selling point, more ATMs means less walking. Financial institutions have different partnerships with different ATM networks. In Australia, Commonwealth Bank operates Australia’s largest ATM network of more than 4,000 Commonwealth Bank and Bankwest ATMs. NAB has the next biggest ATM network with rediATM (3,400 ATMs), then Westpac, Citibank and HSBC (3,000).
- Commonwealth Bank and Bankwest. More than 4,000 ATMs (domestic).
- Westpac Group. More than 3,000 ATMs (domestic). More than 50,000 ATMs (Global ATM Alliance).
- Citibank. More than 3,000 ATMs (Westpac Group domestic). More than 20,000 ATMs (Citibank international).
- HSBC. More than 3,000 ATMs (Westpac Group domestic).
- ANZ. More than 2,600 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.