Best bank accounts

The best bank account can help you manage your everyday spending with low fees and easy access your money whenever, and wherever, you want.

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  • Apple Pay & Google Pay
  • $0 ATM fees
  • $0 Monthly account fees

Looking for the best bank account?

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.

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Bank account offer
Newcastle Permanent Everyday Account
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$0
monthly fee
$0
ATM withdrawal fee
  • Apple Pay, Google Pay
  • Monthly fees: $0

Newcastle Permanent Everyday Account

Find your new bank account

Name Product AUFSA-TXA Own network ATM fee Card type

$0
Visa

$0
Visa
Eligible Visa Debit cardholders can get cashback when using their card to shop at partner retailers.

ING Orange Everyday Account
Apple Pay Google Pay
Apple Pay Google Pay
$0
Visa
1% cashback on utility bills (T&Cs apply)

MyState Bank Glide Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Apple Pay Google Pay Samsung Pay Garmin Pay
$0
Visa

Bendigo Bank Everyday Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Apple Pay Google Pay Samsung Pay Garmin Pay
$0
Mastercard
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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:

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.

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.

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Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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