Best bank accounts in Australia

Finder's best bank accounts for July 2025

• Best for budgeting: Suncorp Bank Everyday Options Account
• Best for customer satisfaction: Up Everyday Account
• Best provider: ING
• Best for travelling: HSBC Everyday Global Account
• Best overall bank account: Macquarie Transaction Account

1 - Best bank account for budgeting

Suncorp Bank Everyday Options Account

Go to site

$0
Monthly fee

$0
ATM withdrawal fees

Visa

Debit Card

• Info
• Pros & cons

You can link up to 9 smaller sub-accounts to your main Everyday Options account to help you manage different expenses. For example, you could have one sub-account for bills, one for emergencies and one for your fun 'splurge' purchases. Plus, there are no account keeping fees to pay on any of the accounts.

• No account keeping fees
• Link up to 9 sub-accounts
• Use the sub-accounts to help you save for individual goals
• Make contactless purchases with Google Pay and Apple Pay

Rewards program	N/A
Annual Fee	$0
Purchase Rate
Welcome offer
Interest-free period	Up to days on purchases
Balance transfer	N/A
Bonus points	N/A
Rewards points per $ spent	N/A
Foreign currency conversion fee

2 - Best bank account for customer satisfaction

Up Everyday Account

More info

$0
Monthly fee

$0
ATM withdrawal fees

Mastercard

Debit Card

• Info
• Pros & cons

Up took the top spot in Finder's 2025 bank account customer satisfaction awards. Up was voted the most loved, most trusted and most recommended bank for bank accounts. Customers particularly liked the features and benefits offered with Up's bank accounts designed to help you budget better and easily track your spending.

• Spending insights
• Bill detection and reminders
• Available on Apple Pay, Google Pay, Samsung Pay, Garmin Pay
• No International ATM fee at most major bank ATMs

• Card delivery time

Rewards program	N/A
Annual Fee	$0
Purchase Rate
Welcome offer
Interest-free period	Up to days on purchases
Balance transfer	N/A
Bonus points	N/A
Rewards points per $ spent	N/A
Foreign currency conversion fee

3 - Best bank account provider

ING Orange Everyday Account

Go to site

$0
Monthly fee

$0
ATM withdrawal fees

Visa

Debit Card

• Info
• Pros & cons

ING was the best provider of bank accounts and savings accounts in Finder's 2025 customer satisfaction awards, with a score of 8.9 out of 10. ING offers rebates on international transaction fees when you meet the account criteria, plus 1% cashback on utility bills (T&C's apply).

• $0 account keeping fees
• Earn 1% cashback on utility bills (T&Cs apply)
• 5 rebated Australian ATM withdrawal fees per month and no international transaction fees when account conditions are met
• Link to a Savings Maximiser and earn a competitive bonus interest rate
• Deposit money via Bank@Post for free

• ING doesn't have any branches
• International ING ATM fees and transaction fees do apply if account conditions are not met
• In Australia, ATM rebates are capped at the first 5 transactions a month

Rewards program	N/A
Annual Fee	$0
Purchase Rate
Welcome offer
Interest-free period	Up to days on purchases
Balance transfer	N/A
Bonus points	N/A
Rewards points per $ spent	N/A
Foreign currency conversion fee

4 - Best bank account for travelling

HSBC Everyday Global Account

More info

$0
Monthly fee

$0
ATM withdrawal fees

Visa

Debit Card

• Info
• Pros & cons

This account won 'Best Global debit card' in the 2025 Finder Awards. It has no account keeping fees, no international transaction fees and access to free ATMs around the world and you can hold up to 10 different currencies in the one account. Plus, earn 2% cashback on tap and pay purchas in Australia.

• Earn 2% cashback on tap and pay purchases under $100, up to $50 in cashback per month (subject to terms and conditions)
• $0 monthly account fees and international account fees
• Buy, hold and spend in up to 10 currencies with the HSBC app
• Apple Pay and Google Pay available

• You can only pre-load up to 10 currencies
• Fees apply to deposit foreign currency notes into the account

Rewards program	N/A
Annual Fee	$0
Purchase Rate
Welcome offer
Interest-free period	Up to days on purchases
Balance transfer	N/A
Bonus points	N/A
Rewards points per $ spent	N/A
Foreign currency conversion fee

5 - Best bank account overall

Macquarie Bank Transaction Account

More info

$0
Monthly fee

$0
ATM withdrawal fees

Mastercard

Debit Card

• Info
• Pros & cons

The Macquarie Transaction Account is one of the best bank accounts in the market if you're wanting to also earn interest on your balance. Your bank account balance will earn 2.25% p.a. interest with no conditions to meet, helping you save more money. It also has no account keeping fees, no international ATM fees and pays a refund on any local ATM fees charged.

• Earn interest on your balance
• No ATM fees
• No international purchase fees
• No monthly account keeping fees
• Convenient on-the-go banking with the mobile banking app

• No branch access

Rewards program	N/A
Annual Fee	$0
Purchase Rate
Welcome offer
Interest-free period	Up to days on purchases
Balance transfer	N/A
Bonus points	N/A
Rewards points per $ spent	N/A
Foreign currency conversion fee

Methodology: How does Finder choose the best bank accounts?

At Finder, we've been comparing bank accounts for more than a decade. 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.

We've selected accounts from our partners that suit a range of different criteria, for example travelling or budgeting. Several of our top picks are determined as part of our annual Finder Awards, which involves extensive comparison of all products in our databse against a range of criteria for each category.

How to pick the best bank account

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

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.

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.

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).

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.

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.

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.

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.

Joint account options

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

🔥 Quick tip when choosing a bank account

"You don't need to have one bank account for everything. Finder data shows that 30% 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."

Market update by Alison Banney – Finder money editor

Top 5 bank accounts for customer satisfaction

The Finder Customer Satisfaction Awards ask Australians which brands and products they trust and love the most. For the bank account satisfaction awards, we surveyed hundreds of Australians to rate their bank accounts.

Bank	Overall satisfaction	Trustworthy/reliable
	★★★★★ 4.63/5	97%
	★★★★★ 4.48/5	100%
	★★★★★ 4.39/5	91%
	★★★★★ 4.31/5	97%
	★★★★★ 4.23/5	91%

Frequently asked questions

• Which bank account is best for everyday transactions?

  Bank accounts are all designed for day-to-day spending and transactions. To find the best bank account to suit your needs look at the account's fees and features, and make sure it lets you access your money in the most convenient way for you.

• Can I earn interest with a bank account?

  Banks accounts typically don't pay any interest, as the account is designed for spending not saving. If you want to earn interest on your money you'll need to open a savings account instead.

• Are bank accounts secure?

  Yes, bank accounts are one of the safest places for your cash. Your deposit up to $250,000 with an Australian bank is guaranteed under the government bank guarantee scheme.

• Do the Big Four bank's have the best bank accounts?

  The Big Four banks - Westpac, NAB, CommBank and ANZ - are the biggest in Australia but this doesn't mean they're the best for you. See how bank accounts by the Big Four compare to others in the market.

• Which account is best for a joint account?

  A lot of bank accounts can be opened as joint accounts with another person. When picking one, consider what you'll be using the account for and what features you need. For example, would spend tracking tools in the mobile app be handy for you? Or perhaps you're more interested in avoiding fees when travelling?

• What's the best account for overseas travel?

  If you travel a lot, a bank account with no international transaction fees would be ideal. These fees can be as high as 3.5% of the total transaction value per transaction, each time you make a purchase with your debit card in another currency. Avoiding these fees can save you lots of money.

• What's the best account for kids?

  You can open a kids savings account that pays interest on your child's balance, or a kids bank account that comes with a debit card or pre-paid card.

• What's the best account for students?

  A student bank account will usually have no fees and sometimes also offer extra perks and features.

• Which bank is best for an account?

  The best bank for you depends on your specific needs. Do you want an account where you can have multiple sub-accounts to save for different goals? Do you want a transactional account from which you can spend every day? Are you looking for a joint account to manage joint spending with your partner? Or are you hoping to get an account with no overseas fees, as you shop online or travel regularly? Knowing what your goals are will help you get the best account for you.

• What Australian bank accounts have no fees?

  ING, UBank and Up Bank offer no-fee transaction accounts, along with the Big 4 banks (CBA, NAB, ANZ and Westpac) and most smaller banks. Some also waive international transaction fees.

• Which Australian bank pays the best interest?

  Many banks offer high interest rates at the moment, but as the RBA reduces the cash rate over 2025, the returns on offer will reduce. Generally, banks like AMP, UBank and Rabobank offer some of the highest interest rates on savings accounts.

• Which Australian bank doesn't charge monthly fees?

  All the Big 4 banks (CBA, NAB, ANZ and Westpac) along with ING, Up, and UBank offer fee-free everyday accounts. With so much choice available, there's no reason to pay fees for an everyday personal transaction account.

• What are the top 4 Australia banks?

  The "Big 4" are Commonwealth Bank, Westpac, ANZ, and NAB. They dominate the Australian banking landscape in terms of customer base and accessibility.

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.

To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten as part of our fact-checking process.

Written by

Alison Banney

Editorial Manager, Money

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 bio

Alison's expertise

Alison has written 651 Finder guides across topics including:

• Superannuation
• Savings accounts, bank accounts and term deposits
• Budgeting and money-saving hacks
• Managing the cost of living