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Best bank accounts in Australia

See the top bank accounts for no fees, travelling and extra perks as chosen by Finder's banking experts, or compare 100+ accounts to find the right one for you.

Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Finder AwardApple Pay Google Pay10 Currencies
Finder Award
Apple Pay Google Pay10 Currencies
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple Pay, Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Earn 2% cashback on tap and pay purchases.


Apple Pay Google Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple Pay, Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay Digital Card
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay Digital Card
Go to site
Monthly account fee$5
Card accessMastercard
Own network ATM fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account fee$2,000
Contactless PaymentsApple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Monthly fee
$5
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Go to site
Monthly account fee$0
Card accessMastercard
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee
Contactless PaymentsApple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
Apple Pay Google Pay Samsung Pay
Apple Pay Google Pay Samsung Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee$4.50
International transaction fee2.95%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple Pay, Google Pay, Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
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How to compare bank accounts

If our top bank account picks aren't right for you, here's what features to consider when you compare bank accounts.

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Account fees

Look for a transaction account with no monthly account-keeping fees. If there are account fees, ask yourself if there are any extra features with the account to justify the fee as most accounts don't charge one.

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Deposit conditions

Most bank accounts don't have a monthly deposit requirement. If there are monthly deposit conditions to meet, make sure it's an amount that you're comfortable with.

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Account access options

Most of us want to bank online these days, with 98.9% of banking interactions taking place digitally according to the ABA. However if you still like to bank in branch, the best bank account for you will likely be one that has branch access (as many online banks don't).

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Overseas fees and charges

If you like to travel regularly, the best transaction account for you could be one that doesn't charge overseas ATM fees or international transaction fees.

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Linked savings account

If you're planning to open a savings account with the same bank, it's a good idea to look for one with a competitive interest rate.

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Payment options

Make sure the bank account offers the payment options that you want. These might include BPAY, Apple Pay, Google Pay, Samsung Pay, PayID, tap and go with Visa payWave or Mastercard PayPass.

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ATM access

If you use cash and cheques, a transaction account with a large ATM network and smart ATMs that accept cash and cheques might be best for you.

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Joint account options

The best bank account for couples or friends who both want access to the account is a joint bank account.

Finder 2023 best banking awards

For 2023, Finder money experts picked the best banking products across savings and transactions accounts. Here are our winners for the best bank accounts and savings accounts in Australia:

BankBank account awardedAccount features
INGMacquarie Transaction Account:

Best transaction account

  • No account keeping fees
  • No overseas ATM fees or transaction fees
  • Pays a refund on any local ATM fees
  • Earn interest on your balance
ING
INGHSBC Everyday Global Account:

Best bank account for travel

  • Hold 10 currencies at once
  • Pay in the local currency
  • Earn 2% cash back on Tap&Pay (T&C's apply)
  • No account keeping fees
  • No overseas ATM fees or transaction fees
ING
INGING Savings Maximiser:

Best savings account

  • One of the highest bonus rates in the market
  • Ongoing bonus rate available each month
  • No maximum age limits
ING
INGING:

Best bank account for customer satisfaction

  • 92% of users we surveyed said they'd recommend it to a friend
  • Customer satisfaction rating of 4.50 out of 5
  • No account keeping fees
ING

You can learn more about these accounts and how they were assessed as part of our 2023 Finder Banking Awards.

Methodology: How does Finder choose the best bank accounts?

At Finder, we've been comparing bank accounts for more than a decade. Using the product data we've collected, ongoing consumer testing, customer surveys and many account comparisons, we've assessed accounts in our panel based on a few key features that we know you care most about to bring you our picks. While we haven't looked at all accounts in the market, we're confident our picks are strong offers.

Specifically, here's how we determine each of our top pick recommendations:

Alison Banney

🔥 Quick tip when choosing a bank account

Alison Banney, banking editor

"You don't need to have one bank account for everything. Finder data shows that 40% of Australians have bank accounts with multiple different banks, and the main reason why is for convenience. For example, you might find it's best for you to open one bank account for your day-to-day spending and bills, and a separate bank account to use when you travel."

Frequently asked questions

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Why you can trust Finder's banking experts

free

We're free

Our comparison tables are completely free to use. We link you directly to the bank's secure application page. On a daily basis we update the rates, fees and conditions of the 200+ accounts on our database.
expert advice

We're experts

We've researched and rated hundreds of accounts for our Finder Awards. We've published 100+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.
independent

We're independent

Unlike other comparison sites, we're not owned by a bank or lender. That means our opinions are our own and you can compare nearly every bank account in Australia on Finder.
help

We're here to help

Since 2015, we’ve helped over 1.3 million Australians find an account. We'll never ask for your personal information. We're here to help you make a decision.

More guides on Finder

Ask an Expert

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18 Responses

    Default Gravatar
    ianApril 5, 2023

    Looking for an internet style of banking where i can use my older laptop..Any banking places i can do that with..

      AvatarFinder
      RajApril 6, 2023Finder

      Hi Ian,
      Thanks for contacting Finder.

      Most banks on our comparison table have Internet banking and banking apps. You can click on the “more info” button from the table to find more information regarding the features of any particular bank you are interested in.

      Thanks
      Raj

    Default Gravatar
    BobMarch 2, 2023

    We own our house, with no mortgage, my wife is retired and i work full time. As i am planning for retirement “Two Years” what is the best everyday bank for us. We are currently with ANZ

      AvatarFinder
      AlisonMarch 2, 2023Finder

      Hi Bob,
      Thanks for reaching out to Finder. We’re a financial comparison site and are unable to give you any personal advice or product recommendations. You can use the table on this page to browse a range of bank account options and find one that might suit you best.

      Thanks,
      Alison

    Default Gravatar
    mosesFebruary 10, 2023

    request for financial assistant for poverty

      AvatarFinder
      SarahFebruary 20, 2023Finder

      Hi Moses,

      If you need some help, reach out to the National Debt Helpline. They produce many helpful guides are based on the experience of financial counsellors who provide free information & advice. Contact them at: https://ndh.org.au/

    Default Gravatar
    BrianNovember 21, 2022

    where do I get a bank account that has cheques available.

    Default Gravatar
    JakeOctober 26, 2022

    I’m looking to open a bank account with a different bank that my home loan is with (st george). One that I will hopefully rarely withdraw from but may only put up to $500 a month. Would like no account keeping fees, won’t need an access card. What option is best?

      AvatarFinder
      AlisonFebruary 22, 2023Finder

      Hi Jake,
      Thanks for reaching out to Finder. We’re a financial comparison site and while we can help you compare your options, we can’t give you any personal advice or suggest products for you.

      Based on what you’re looking for (an account to make deposits but limited withdrawals, and no debit card required) you may even be interested in a savings account instead of a bank account. You can take a look at some options here: https://www.finder.com.au/savings-accounts

      Thanks,
      Alison

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