Bank Australia Everyday Access Account
- Fee Free Deposit
- $2,000
- Account keeping fee
- $5
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $3.5
Our verdict
This account is designed for easy day-to-day spending, however there are a few fees to be aware of.
This account does charge a monthly account keeping fee of $5 unless you meet one of the fee waiver criteria. You'll have the fee waived if you deposit at least $2,000, are aged under 25, have combined Bank Australia loans or savings worth $50,000+ or have a Bank Australia Premium Home Loan. While there are several ways to get the monthly fee waived, most banks these days don't charge a monthly account fee at all. Although, if you're planning to have your regular salary or wages deposited into the account you should be able to meet the monthly deposit condition fairly easily.
If you live outside of a major city, there may not be many Bank Australia branches near you. So keep this in mind if you’re looking for a bank account with easy branch access. However, you can make free cash withdrawals and deposits at any Australia Post store via Bank@Post.
Be aware that this account also charges overseas ATM fees and international transaction fees, which can quickly add up 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
-
Free linked Visa Debit Card
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Pay no withdrawal fees at 3000+ rediATMs Australia wide
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24/7 fraud monitoring
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Earn some interest on your everyday funds
Cons
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Strict requirements apply to have the monthly fee waived
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ATMs outside the rediATM network may attract a withdrawal fee
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No branches to visits
Details
Key details
| Product Name | Bank Australia Everyday Access Account |
| Monthly account fee | $5 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | $3.50 + 3% |
| International transaction fee | 3% |
| Monthly deposit required to waive account fee | $2,000 |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | Yes |
| Minimum opening deposit | $1 |
| Residency status | Permanent Australian residents with an Australian address |
Finder Green Bank 2023
Bank Australia
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Your reviews
Alison Finder
Editor
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