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Our verdict

An everyday account that provides access to money in different ways and does not charge account keeping fees.

This everyday account can be used on its own or linked to a savings account with Greater Bank. If you like to do your banking in branch, Greater Bank has several bank branches in the Newcastle and Hunter regions but not many outside of this area.

This account has no monthly account fees and easy access to your balance with Internet and mobile banking. Greater Bank still has more than 3000 ATMs across the country which you can use for free, and you can also use any CBA, Westpac, NAB or ANZ ATM for free too. Note that some transaction fees do apply once you've used up your monthly fee rebate.

Pros

No monthly account keeping fees
Linked Visa debit card
Free internet, mobile and phone banking

Cons

Transaction fees may apply

Greater Bank Access Account is an everyday banking account with no monthly fees and free access to more than 3000 Greater Bank ATMs in Australia. You get 24/7 access to your account via Internet and mobile banking.

Details

Key details

Product Name	Greater Bank Access Account
Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	$5 + 3%
International transaction fee	3%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay, Google Pay

Eligibility

Minimum Age	16
Joint account availability	No
Minimum opening deposit	$1
Residency status	Permanent Australian residents with an Australian address

Key features

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Minimum account opening balance

You can open this account with as little as $1.

Visa debit card or access card

Account holders get to choose between a Visa debit card and an access card. You can use your Visa debit card in Australia and overseas, at ATMs and EFTPOS terminals alike. You can use your Visa card details to make purchases and pay bills online and over the phone. You can use the access card at over 3,500 ATMs across Australia as well as at EFTPOS terminals.

Internet and phone banking

Internet, online and mobile banking is free for all account holders. You can use these platforms to view your account's balance and its transaction history. You can use them to carry out different banking functions as well.

Other ways to access funds

If required, you can visit a Greater Bank branch to transact. You can use your account to set up direct debits. You get access to BPAY, through which you can simplify how you pay your bills. This account also gives you access to EasyPay and a third party payment service.

Monthly fees

You don't have to pay any ongoing monthly account keeping fees to maintain this account.

Other fees

Other fees you may have to pay include over the counter cash withdrawal fees, ATM withdrawal fees, over the counter BPAY transaction fees, overseas ATM fees and currency conversion fees.

Fee allowance and rebate

You get a fee allowance of $3 per month. You also get a fee rebate of $3 for every $1,000 that credits in your account. However, the rebate depends on the account's minimum monthly balance every month.

SMS and email alerts

You can choose to receive SMS and email alerts for different kinds of account related information such as periodical account balances, deposits, withdrawals, direct debits and direct credits. You'll have to pay an SMS alert fee for every text alert you receive.

How to apply

Eligibility

Existing Greater Bank customers can apply via Internet Banking. New customers can apply by visiting any Greater Bank branch or they can submit online applications. Applying requires that you meet these eligibility criteria:

Minimum age. You are over 16 years of age.
Residency requirements. You are a permanent resident of Australia.

Depository requirements. This account comes with a minimum opening balance requirement of $1.

Documentation needed

Completing the application successfully requires that you provide different kinds of information, which includes:

Identification. New Greater Bank customers have to complete a legally mandated identity verification process. You can verify your identity online using a valid form of ID such as your Australian driver's license, passport or Medicare card.
Tax file number. You don't have to provide your tax file number (TFN). If you don't, Greater Bank may deduct withholding tax from the interest your money earns. If you don't have your TFN at the time of application you can provide it later.
Other information. The application requires your name, date of birth, home address, email address and phone number. If you're submitting a joint application, both applicants must provide the required information.

What happens after I submit my application?

Once you're done you receive Internet banking access details via SMS and email. You can then log in and start banking. You may have to wait seven to 10 business days to receive your Visa debit card or access card.

Sources

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Greater Bank Access Account

Pros

Cons

Key features

Minimum account opening balance

Visa debit card or access card

Internet and phone banking

Other ways to access funds

Monthly fees

Other fees

Fee allowance and rebate

SMS and email alerts

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

Your reviews

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