Best bank accounts: See June 2022 offers

Updated May 25, 2021

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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.

Promoted

Bank account offer

HSBC Everyday Global Account

Promoted

monthly fee

ATM withdrawal fee

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

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

Go to site More info

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

Find your new bank account

1 - 4 of 4

Name	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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*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:

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.

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.

Thank you for your feedback!

Alison Banney

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Alison Banney is the banking and superannuation editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including Greater Bank, bcu and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

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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.

In this guide

Banking

Investments

Banks