The best bank account sign up bonuses & offers 2024

1 - 12 of 18

Name	Monthly fee	Govt. Guarantee	Own network ATM fee	Card type
ING Orange Everyday Account Apple Pay Google Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	Go to site More Info Compare	1% cashback on utility bills (T&Cs apply) $50 cashback bonus for new ING customers who deposit $1,000 in their account within 30 days of opening. Offer ends 31 October 2024 (terms and conditions apply).
Westpac Choice Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay Digital Card	Monthly fee $5	Government Guarantee	Own network ATM fee $0	Card type Mastercard	Go to site More Info Compare	Eligible cardholders can get discounts when shopping at partner brands.
Suncorp Bank Everyday Options Account Apple Pay Google Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	Go to site More Info Compare	Eligible Visa Debit cardholders can get cashback when using their card to shop at partner retailers.
HSBC Everyday Global Account Finder AwardApple Pay Google Pay10 Currencies	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare	Earn 2% cashback on tap and pay purchases.
Virgin Money Go Account Apple Pay Google Pay Samsung Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare	Earn Virgin Money Points as you spend with your debit card
NAB Classic Banking with Platinum Visa Debit Card Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay	Monthly fee $10	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare	Complimentary travel insurance and cashback on tap and go purchases
Bankwest Qantas Transaction Account Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay	Monthly fee $6	Government Guarantee	Own network ATM fee $0	Card type Mastercard	More Info Compare	Earn Qantas Points on eligible purchases and your daily account balance
Australian Military Bank Military Rewards Account Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay	Monthly fee $4	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare	Earn 1% cashback on tap and go purchases under $100, up to the value of $25 a month
Commonwealth Bank Smart Access Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay	Monthly fee $4	Government Guarantee	Own network ATM fee $0	Card type Mastercard	More Info Compare
NAB Classic Banking Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare
Macquarie Bank Transaction Account Finder AwardApple Pay Google Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Mastercard	More Info Compare
Suncorp Bank Carbon Insights Account Apple Pay Google Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More Info Compare

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Showing 12 of 18 results

Banks

Cash bonus offers. If you meet the criteria you can get cash in your bank account when you open it. Cash bonuses are normally around $50–$100 at most.
Cashback. Some accounts let you earn cashback based on money you spend. This is normally limited to 1–2% of what you spend. It may be capped at a set amount or limited to specific types of transaction.
Points. Credit cards often come with reward points based on how much you spend. But sometimes debit cards and even transaction accounts let you earn points.
Introductory savings rates. Savings accounts may come with a special, higher interest rate for the first few months. After that, the account interest rate will be smaller.
Fee waivers. Banks often waive application or annual fees on bank products for a limited time.
Interest-free periods. Balance transfer credit cards typically offer interest-free periods. This means you can move outstanding balances to the new card and get a break from interest charges while you pay it off.
Complimentary travel insurance. Many credit cards have complimentary travel insurance. But sometimes you can get this with a transaction account and debit card too.

Bonus offers are for transaction accounts, not savings accounts

Banks use special offers and deals on transaction accounts and linked credit or debit cards. This is to encourage people to sign up and spend using the accounts.

These offers are much rarer on savings accounts because these accounts are aimed at building up savings over time and earning interest.

Cashback vs cash bonuses

Cash bonuses

A one-off deposit of cash in your account after you open it. This is usually no more than $100.
You have to meet criteria, such as making a certain number of transactions or depositing a certain amount into the account each month.
You may need to keep the account open for a few months before you get the cash.

Cashback

A bank account cashback is more of an ongoing perk than a one-off payment.
You can earn a percentage of your spending back, usually 1–2%.
Cashback applies to a specific type of spending. For example, a 1% cashback on your utility bills or 2% for every purchase you make via tap and pay.

What other special offers can I get from a bank?

Credit card offers

Plenty of banks have introductory credit card offers. This includes $0 annual fees, long interest-free periods and the ability to earn bonus points.

Home loan cashback

Some lenders offer generous cashback to entice borrowers to refinance their home loans. You can get up to $4,000 with a home loan cashback. This can offset any switching fees. You need to open a bank account with the same bank or lender to qualify.

Frequently asked questions

No, high interest savings accounts rarely offer cash bonus or cashback deals to new customers. However, they do offer something else instead: more interest. These accounts are called introductory saver accounts (or honeymoon savers).
These accounts offer a higher, special interest rate to new customers for a certain amount of time, usually 3–5 months, as an incentive to switch and open an account.
You can open as many bank accounts as you like. Or rather, as many as each bank will let you open. There are no real limits with a bank account, unlike with credit cards and loans.
But if you're planning to open multiple transaction accounts to take advantage of cash bonuses or other special offers the banks are way ahead of you. These offers always limit the number of bonuses available per customer.

Thank you for your feedback!

To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.

Written by

Alison Banney

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 624 Finder guides across topics including:

Superannuation
Savings accounts, bank accounts and term deposits
Budgeting and money-saving hacks
Managing the cost of living

Co-written by

Richard Whitten

Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise

Richard has written 542 Finder guides across topics including:

Home loans
Property
Personal finance
Money-saving tips

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New bank account sign up bonuses & offers