Best bank accounts

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Bank account offer

HSBC Everyday Global Account

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$0

monthly fee

$0

ATM withdrawal fee

• Google Pay, Apple Pay
• Monthly fees: $0
• No international transaction fees
• Up to 10 currencies

HSBC Everyday Global Account

Earn 2% cashback on tap and pay purchases. T&Cs apply.

Go to site More info

Go to site More info

Earn 2% cashback on tap and pay purchases. T&Cs apply.

Find your new bank account

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Name	Product	Contactless Payments	Instant Payments	ATM Withdrawal Fee	Monthly account fee
HSBC Everyday Global Account Finder Award		Google Pay, Apple Pay	N/A	$0	$0	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.	Go to site More Info	Compare	loading Fetching your data...
Macquarie Transaction Account		Apple Pay, Google Pay	PayID	$0	$0	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.	Go to site More Info	Compare	loading Fetching your data...
Westpac Choice		Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card	Osko, PayID	$0	$5	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.	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...

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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
• Xinja bank account: A 100% app-based mobile bank account
• Citi Global Currency bank account: Hold up to 10 different currencies in the one account
• Great Southern Bank Everyday Edge bank account: Refund international ATM fees and international card transaction fees

How to find the best bank account

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.