9.3

Finder Score

Excellent

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Account keeping fee: $0
ATM withdrawal fee: $0
Overseas ATM withdrawal fee: $0
Overseas transaction fee of transaction value: 3%

Our verdict

This account is designed for easy day-to-day spending, with no monthly account fees to worry about.

This bank account charges no monthly account keeping fees, with no minimum balance requirements and no conditions to meet. It offers a range of payment options including a Visa Debit card, digital wallet access and instant payments via Osko and PayID.

You can access thousands of ATMs Australia-wide for free, and Bank Australia doesn't charge any overseas ATM withdrawal fees either (although the ATM operator may charge its own fee). However, this account does charge international transaction fees, so keep this in mind if you travel a lot.

Bank Australia was named Green Bank of The Year in the 2023 Finder Awards for its sustainable finance options and its commitment to avoid investment in harmful industries like fossil fuels and animal exports. So if you're looking for a more ethical banking solution, it could be a great option for you.

Pros

No monthly account keeping fee
Free linked Visa Debit Card
Access free ATM withdrawals Australia-wide
24/7 fraud monitoring
Instant transfers with Osko and PayID

Cons

International transaction fee applies

Details

Key details

Product Name	Bank Australia Everyday Access Account
Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	N/A
International transaction fee	3%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay, Google Pay, Samsung Pay, Garmin Pay

Eligibility

Minimum Age	13
Joint account availability	Yes
Minimum opening deposit	$1
Residency status	Permanent Australian residents with an Australian address

Key features

No monthly account keeping fees

There are no monthly account keeping fees to pay, and no conditions to meet. There's no minimum balance requirement.

Free Visa Debit card

This account comes with a Bank Australia Visa Debit card, which can be used within Australia and worldwide in stores, at ATMs and online wherever Visa is accepted.

Unlimited electronic transactions

Enjoy unlimited free transactions in Australia with EFTPOS, internet and phone banking, mobile banking and a Visa Debit card.

Access ATMs for free within Australia

You can withdraw cash for free at any Bank Australia ATM, as well as at any CBA, Westpac, NAB or ANZ ATM Australia wide.

ATM's outside of these networks may charge their own withdrawal fee, which will be displayed at the ATM at the time of the transaction.

Overseas ATMs

Bank Australia doesn't charge you a fee to withdraw cash from an overseas ATM, however the ATM operator will likely charge its own fee.

Branch access

You can use any Bank Australia or Qudos Bank branch if you need to make staff-assisted transactions.

Bank@Post

If you don't have a bank branch near you, you can make cash withdrawals and deposits at any Australian Post that offers Bank@Post.

Digital wallets

You can link your Visa Debit card to a range of digital wallets instantly to start making contactless purchases with your phone. You can use Apple Pay, Google Pay, Samsung Pay and Garmin Pay.

Instant payments using Osko

You can transfer money to someone instantly using Osko with your Bank Australia Everyday Access Account. You can also use PayID to send and receive money, instead of using your BSB and Account Number.

Currency conversion fees

For any transaction that requires a conversion of a foreign currency to the Australian dollar you will be charged 3% of the Australian dollar amount.

Australia's first 100% customer owned bank

Bank Australia believes that their profits should go back to it's members and the community, create positive social and environmental outcomes.

Compare other Bank Australia savings and everyday accounts here

How to apply

If you've compared your options and decided this account is right for you, you can apply online in less than 10 minutes. Make sure you meet the eligibility criteria and have the necessary documents handy.

Eligibility

Minimum age. Only individuals aged 18 or older are able to complete the online application.
Residency requirements. In order to become a member of Bank Australia and open an account with them you must be an Australian resident with a residential address in the country.

Documentation needed

Tax file number. Providing your tax file number (TFN) is not mandatory, yet it will help to ensure that your withholding taxes are correct on any of your interest earning accounts.
Identification. In order to be eligible for the Everyday Access Account you will need to verify your identity first using details from your passport, driver's licence or Medicare card.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Bank Australia Everyday Access Account information page
2. Bank Australia Everyday Access Account TMD

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Editorial Manager, Money

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

Bank Australia Everyday Access Account

Pros

Cons

Key features

No monthly account keeping fees

Free Visa Debit card

Unlimited electronic transactions

Access ATMs for free within Australia

Overseas ATMs

Branch access

Bank@Post

Digital wallets

Instant payments using Osko

Currency conversion fees

Australia's first 100% customer owned bank

How to apply

Eligibility

Documentation needed

Sources

Sources

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