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Best bank accounts in Australia

The best bank account will help you manage your everyday spending with low fees and easy access to your money. Check out our Top Picks curated by experts.

Cashback offers
Finder Award
This account offers 2% cashback on tap and pay purchases under $100 when you tap and pay using your Visa Debit Card, Apple Pay or Google Pay (T&Cs apply).

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Time for a new bank account? Whether you're looking for a bank account with no account keeping fees, a cashback offer, contactless payment features or the ability to hold multiple currencies, you'll find a bunch of great options here.

Your search for the best bank account starts here

1 - 7 of 7
Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
HSBC Everyday Global Account
Google Pay, Apple Pay
Earn 2% cashback on tap and pay purchases. T&Cs apply.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

Macquarie Transaction Account
Apple Pay, Google Pay
Earn a variable base rate of 1.5% p.a. on your transaction account balance with no conditions to meet.
$0 account keeping fees.
This interest-earning transaction account charges no account fees, no international fees and gives refunds on all Australian ATM fees.
Westpac Choice
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Osko, PayID
Use your Westpac Digital Card in the Westpac App to make contactless purchases 24/7 with no physical card.
No monthly account keeping fee for customers under 30 or if you meet the deposit conditions.
Shop safely online with Westpac Digital Card. Your 3-digit security number refreshes every 24 hours to keep your details safe.
MyState Bank Glide Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
Simplify your everyday banking with these sleek digital features.
$0 monthly account fee.
Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.
Westpac Choice Student
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0 account keeping fee for students and customers under 30
Make purchases 24/7 using your Westpac Digital Card in the Westpac App.
Students will pay no monthly account keeping fee with no deposit conditions to meet. Pay with your phone or wearable device anywhere and anytime, and access cash without your debit card using Cardless Cash.
Citi Global Currency Account
Apple Pay, Samsung Pay
Osko, PayID
Earn up to 1.2% p.a. interest on your AUD balance.
$0 monthly account fee.
Enjoy one linked debit card to hold up to 10 currencies and receive foreign currencies for free.
Great Southern Bank Everyday Edge Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
Refund of international ATM withdrawal fees and international card transaction fees (conditions apply).
$0 monthly account fee. Unlimited fee-free everyday transactions.
Apple Pay, Google Pay and Samsung Pay available. Savings Top Up tool automatically transfers to linked savings account.

Compare up to 4 providers

There's no single bank account that's best for everyone as all our needs are different – and what's best for you might not be best for someone else.

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Bank accounts with added features and perks

Most bank accounts are fairly similar. Here are 5 great bank accounts that offer something a bit different:

How to find the best bank account for you

Consider the following features when researching your options to help you find the best bank account for you.

The account fees

It's ideal to look for a bank 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.

The deposit conditions

If there are monthly deposit conditions to meet, make sure it's an amount that you're comfortable with.

The account access options

If you like to bank in branch, the best bank account for you will likely be one that has branch access (as some online banks don't). Or, if you do all your banking on your phone, check that the bank account can be accessed via a good mobile banking app.

Overseas fees and charges

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

The linked savings account

If you're planning to open a linked 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, for example 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 bank account with a large ATM network and smart ATMs that accept cash and cheques might be best for you.

What does the best bank account offer?

The best bank account will usually have some or all of the following features:

  • No account keeping fees, or an option to have the account fees waived
  • A range of different payment options available
  • Monthly deposit conditions that are easy to meet (or none at all)
  • A mobile banking app or Internet banking portal to manage your account 24/7
  • A linked savings account with a competitive interest rate

How to choose the best bank account

Ultimately, the right bank account for you will depend on your personal situation and how you plan to use the account. If you need more help deciding on the best bank account for you, consider the following.

  • If you often withdraw cash from ATMs: Some bank accounts allow you to access any ATM in Australia for free.
  • If you're a small business owner: The best bank account for you could be a dedicated business bank account, with access to online accounting software and tools.
  • If you're a student: A student bank account will often waive all account keeping fees while you're studying.
  • If you want an online bank with a great app: Digital banks offer bank accounts that are managed entirely via a mobile app with great spending features and insights into your money.
  • If you want to share the account with another person: The best bank account for couples or friends who both want access to the account is a joint account.

How does Finder choose its bank account top picks?

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 (many!) account comparisons, we've assessed accounts based on a few key features that we know you care most about to bring you our picks.

You can see what we've considered when choosing the top pick for each category below.

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.

More guides on Finder

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8 Responses

  1. Default Gravatar
    J.Y.K.May 12, 2022

    Can a non citizen open an account under this scheme?

    • Avatarfinder Customer Care
      AlisonMay 20, 2022Staff

      Hi JYK,

      Each bank has its own eligibility criteria, however, in most cases, you will need to be an Australian citizen with an Australian residential address to open a bank account here.


  2. Default Gravatar
    BenApril 19, 2022

    It’s all twisted. I didn’t get $100 for as infinite up to HSBC bank. It’s a scam.

    • Avatarfinder Customer Care
      AlisonMay 16, 2022Staff

      Hi Ben,

      I’m sorry to hear you’re having an issue with accessing the $100 cash bonus. As a first step, please ensure you’re meeting the eligibility criteria for this bonus. This bonus is for new HSBC customers when you open an Everyday Global Account before 30 April 2022 and deposit $2000 or more each month for 3 consecutive months within 6 months of opening your account.

      If you’ve met all the above criteria, please get in touch with HSBC directly to raise this issue with them.

      Hope this helps,

  3. Default Gravatar
    mahdiApril 9, 2022

    i need help from up bsnk

    • Avatarfinder Customer Care
      AlisonApril 25, 2022Staff

      Hi Mahdi,

      You can seek assistance from Up by using “Talk to Us” in the Up app. You can also call them on 1300 002 258 or send them an email at support@up.com.au.


  4. Default Gravatar
    melmothSeptember 13, 2021

    whats better than ubank ultra. i would particularly like more than one transaction account attached to a savings/investment account, to manage special payments. ubank allows only one.

    • Avatarfinder Customer Care
      AlisonSeptember 25, 2021Staff

      Hi Melmoth,

      The better option would still depend on your requirements as a customer and current circumstances. Although we cannot recommend a specific brand, you could check out the options available on this page: https://www.finder.com.au/bank-accounts. Some of the bank accounts listed specified the number of sub accounts you can link to it. For other brands that did not indicate this, you can visit their websites to check or reach out to them directly.

      I hope this helps!


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