Best bank accounts

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. If you're after a bit of help deciding which account may suit you, see a few of our expert picks below.

Our top pick for

Cashback offers

HSBC Everyday Global Account

Finder Award

This account offers a $100 cash bonus for new HSBC customers plus 2% cashback on tap and pay purchases (T&Cs apply). It's rare for an account to offer a cash bonus at all and this account has two different offers.

Our top pick for

Big 4 bank

NAB Classic Banking

The only bank account offered by a Big 4 bank with no monthly account keeping fee and no deposit conditions to meet. This may suit you if you want to avoid monthly fees but you don't want to commit to an ongoing deposit requirement.

Our top pick for

Linked savings account

MyState Bank Glide Account

Want to make your money work a little harder for you? If you link your MyState Glide Bank Account to a MyState Bonus Saver Account you can earn a competitive bonus interest rate on your savings.

• How we choose our top picks

  We continually look at the bank accounts on our panel of partners and select our top picks for a range of different purposes. While our picks are all products from financial institutions that Finder has a commercial relationship with, we always ensure they're competitive in the market and are well-suited for each category. You may find bank accounts with slightly different features and benefits elsewhere on the market, but we're confident our picks are quality options and are often among the best in the market. You can learn more about this here.

  Keep in mind there's no single bank account that's best for everyone as all our needs are different - what's best for you might not be best for someone else. We don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best bank account for you.

Your search for the best bank account starts here

Sort by:

Name	Product	Contactless Payments	Instant Payments	ATM Withdrawal Fee	Monthly account fee
HSBC Everyday Global Account Finder Award		Google Pay, Apple Pay	PayID	$0	$0	Special offer: $100 cash bonus for new HSBC customers. Earn 2% cashback on tap and pay purchases (T&C's apply). Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.	Go to site More Info	Compare	loading Fetching your data...
NAB Classic Banking		Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay	Osko, PayID	$0	$0	Enjoy convenient, unlimited access to your money. $0 monthly account fee. Tap and pay with your NAB Visa Debit card or your phone using Apple Pay, Google Pay, Samsung Pay or NAB Pay for Android. Temporarily block your card at the touch of a button if you lose it.	Go to site More Info	Compare	loading Fetching your data...
MyState Bank Glide Account		Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay	Osko, PayID	$0	$0	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.	Go to site More Info	Compare	loading Fetching your data...
Suncorp Everyday Options Account		Google Pay, Apple Pay	Osko, PayID	$0	$0	Link up to 9 interest-earning sub accounts. $0 monthly account keeping fees. Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.	Go to site More Info	Compare	loading Fetching your data...
CUA Everyday Snap Account		Google Pay, Apple Pay, Samsung Pay	Osko, PayID	$0	$0	Refund of international ATM withdrawal fees and international card transaction fees (conditions apply). Refund of overdrawn fees. $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.	Go to site More Info	Compare	loading Fetching your data...
Citi Global Currency Account		Apple Pay, Samsung Pay	Osko, PayID	$0	$0	Earn up to 0.75% 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.	Go to site More Info	Compare	loading Fetching your data...
CUA Everyday Account		Google Pay, Apple Pay, Samsung Pay	Osko, PayID	$0	$0	Enjoy flexible payment options and access to a wide network of ATMs. $0 monthly account fee. Access to Google, Samsung and Apple Pay. Enjoy fee-free cash withdrawals from 10,000+ ATMs across Australia. Deposit $1,000+ into this each month and receive bonus interest on a linked CUA eSaver Reward Account.	Go to site More Info	Compare	loading Fetching your data...
CUA Everyday Youth Account		Google Pay, Apple Pay, Samsung Pay	Osko, PayID	$0	$0	Designed for young Australians between 10 and 17 years old, a CUA Everyday Youth Account is designed to make everyday banking easier.	Go to site More Info	Compare	loading Fetching your data...

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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.

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:

• HSBC Everyday Global bank account: Earn 2% cashback on tap&pay purchases
• Suncorp Everyday Options bank account: Link up to 9 mini sub accounts that earn interest
• Citi Global Currency bank account: Hold up to 10 different currencies in the one account
• CUA Everyday Snap bank account: Refund international ATM fees and international card transaction fees

Promoted

HSBC Everyday Global Account

Special offer: $100 cash bonus for new HSBC customers.
Earn 2% cashback on tap and pay purchases (T&C's apply).
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

Go to site

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.

Back to table

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 travel a lot: Look for a bank account with no international transaction fees or an account that lets your hold multiple different currencies.

• 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 like to pay with your phone: Look for a bank account that offers Apple Pay, Google Pay or Samsung Pay.

• 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.

• Top pick for cashback offers

  We've looked at the bank accounts in our comparison panel, filtered the products for partners that Finder has a commercial relationship with, and selected the one that offered the highest-value in cashback offers.

• Top pick for Big 4 bank account

  For this category we only looked at the everyday bank accounts offered by the Big 4 banks; NAB, Westpac, ANZ and CommBank. When selecting our top pick, we looked at the monthly account keeping fee charged by each account, and selected the one with the lowest (or no) fee. We also considered whether the account had a monthly deposit condition that needed to be met in order to waive this monthly fee, or an age criteria.

• Top pick for linked savings account

  We've looked at the bank accounts in our comparison panel and filtered the products for partners that Finder had a commercial relationship with. We then looked at the total bonus rate offered on the linked savings account with each bank, and selected the one with the highest interest rate on offer.

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.