Fee Free Deposit: $2,000
Account keeping fee: $6
ATM withdrawal fee: $0.7
Overseas ATM withdrawal fee: $5

Summary

Keep a minimum balance in your transaction account and enjoy fee-free banking from IMB.

With IMB you have the advantage of an everyday spending account that waives your monthly fee if you keep the balance above the required amount. Use the linked Visa debit card the same as cash, even making withdrawals at over 3,000 ATMs across Australia. This is a transaction account that gives you a range of choices in how you are able to access your money.

Pros

Free internet and phone banking
Wide range of access of your money
Linked Visa debit card

Cons

There is $6 monthly account fee for accounts with monthly deposits of below $2000
international transaction fees apply
$5 overseas ATM withdrawal fee

Details

Key details

Product Name	IMB Everyday Unlimited Account
Monthly account fee	$6
Card access	Visa
Own network ATM fee	$0.70
International ATM Fee	$5
International transaction fee	2.5%
Monthly deposit required to waive account fee	$2,000
Contactless Payments	Apple Pay, Google Pay, Samsung Pay, Garmin Pay

Eligibility

Minimum Age	18
Joint account availability	Yes
Minimum opening deposit	$1
Residency status	Permanent Australian residents with an Australian address

Key features

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Monthly account keeping fees

The $6 monthly account fee will be waived in months where you maintain a minimum balance of $2,000.

Transactions

Transactions are free using IMB channels.

Accessibility

With the Everyday Unlimited Account you are able to access your account and money through ATMs, EFTPOS, internet banking, phone banking, with a Visa debit card, cheque book, inside a branch or through mobile banking. If you open the account online, over the counter and cheque transactions will not be available until you meet IMB's face to face identification requirements.

Internet banking

Internet banking is free, and will allow you to transfer money and set up direct deposits and credits including BPAY.

Mobile banking

IMB's mobile app is available for both android ios and iPhone mobile devices. Once the free app has been downloaded you can use your mobile device to access internet banking.

Visa debit card

You can link your transaction account to a Visa debit card and get all of the benefits of shopping with the logo without incurring any debt. The Visa debit card can also be used to withdraw cash from ATMs. Your account will be charged $1.60 a month if you choose this accessibility option.

ATM accessibility

Withdraw funds from over $3,000 ATMs across Australia including IMB, St.George Bank, Bank of Melbourne and BankSA. Using ATMs outside of this network will result in separate provider fees.

International ATM use

You will be charged a $5 fee when using an ATM while travelling overseas.

International transaction fees

For purchases made through an overseas merchant you will be charged the greater of 2.5% of the value or $5.

How to apply

Eligibility

If you like the flexibility that the Everyday Unlimited Account affords, IMB makes it easy to apply right online. Before you begin your application, check to make sure that you are eligible for this account:

Minimum age. There is no specified age limit you need to be in order to open this account.
Residency requirements. In order to be a member of IMB you must be a resident of Victoria (VIC), Queensland (QLD), South Australia (SA) or the Australian Capital Territory (ACT). For the purpose of the Everyday Unlimited Account you must be a permanent resident, but not a tax resident or citizen of the United States.

Depository requirements. You need to have an opening balance of one dollar in order for the account to be activated.

Documentation needed

While filling out your application you are going to find it will take less time if you have the following documentation available:

Tax file number. By providing IMB with your tax file number (TFN) or TFN exemption code you can ensure that the correct withholding tax is being applied to your interest earnings.
Identification. You will need to have either your driver's licence (VIC, QLD, SA or ACT only), Medicare card or passport in order for you to be able to complete the application.

What happens after I submit my application?

After verifying the information that you submit with your online application, an account will be established in your name, and IMB will prepare and send you your Visa debit card by Australian post.

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Finder score 8.2Great Newcastle Permanent Everyday Account Apple Pay Google Pay	Finder score 8.2Great	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	$0 monthly fees, unlimited free transactions plus a Visa debit card and digital card.	Go to site More info Compare product selectionCompare	loading
Finder score 9.5Excellent ING Orange Everyday Account Apple Pay Google Pay	Finder score 9.5Excellent	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	1% cashback on utility bills (T&Cs apply) Access unlimited rebates on all international transaction fees when the account conditions are met.	Go to site More info Compare product selectionCompare	loading
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1. IMB Everyday Unlimited Account information page
2. IMB Everyday Unlimited Account TMD

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

IMB Everyday Unlimited Account

Pros

Cons

Key features

Monthly account keeping fees

Transactions

Accessibility

Internet banking

Mobile banking

Visa debit card

ATM accessibility

International ATM use

International transaction fees

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

Compare other transaction accounts

Finder Score for bank accounts

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