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No fee bank accounts

Australian bank accounts with no fees do exist! These bank accounts won’t charge you account keeping fees, transaction fees or ATM fees.

A bank account with fewer fees could save you thousands of dollars over time. Luckily, there are heaps of Aussie bank accounts that won't charge you account keeping fees, ATM fees or foreign transaction fees. The sooner you switch to a fee-free account, the sooner you'll start saving even more money.

Compare no fee bank accounts

1 - 5 of 103
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
ING Orange Everyday Account
ING logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
1% cashback on utility bills (T&Cs apply)
Suncorp Everyday Options Account
Suncorp Bank logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
HSBC Everyday Global Account
HSBC logo
Finder AwardApple Pay Google Pay10 Currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Earn 2% cashback on tap and pay purchases.


MyState Bank Glide Account
MyState Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
St.George Complete Freedom Account
St.George Bank logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Get up to 4 $10 cashbacks when you spend $40 at Woolworths on your Visa Debit Card.
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What are the best no-fee bank accounts?

There's no one account that is 'best', but here are a few of our top picks and why we like them.

  • This account has no monthly account keeping fees or minimum deposit requirements
  • It charges no international transaction fees or overseas ATM fees (the ATM operator may charge its own fee)
  • This account was named the Best Transaction Account in the Finder Awards 2023
  • It charges no account keeping fees or ATM fees in Australia (if you're charged an ATM fee Macquarie will refund the fee into your account)
  • It charges no international transaction fees and no overseas ATM fees (the ATM operator may charge its own fee)
  • Not only does the account charge no fees, but it also pays you interest on your balance
  • This account was a Finder Awards winner in 2022 and 2023
  • It charges no account keeping fees and no international transaction fees
  • Plus, it also offers 2% cashback on tap and pay purchases

You could save hundreds by switching to a fee-free bank account

If you have a bank account with a $5 monthly account keeping fee, that's $60 a year gone to fees. And if you're charged $2.50 each time you withdraw cash, and you visit an ATM just once a week, you can say goodbye to another $130 a year. Adding foreign transaction fees and overseas ATM fees to the mix, you could easily be wasting over well over $200 a year on fees.

We put every effort into ensuring information on Finder is accurate. This article was reviewed by Serina Bird from our Editorial Review Board as part of our fact checking process.

What fees are charged by banks?

Account keeping fees, ATM fees and international transaction fees are the most common, day-to-day fees you're likely to face with a bank account. Here are some additional fees you might face, even though they're less common in your daily banking.

  • Additional card fee: If you request an additional debit card on top of the free card that's included. This could be $20-$50.
  • BPAY error correction fee. If you make a mistake on a BPAY payment, you can amend the details of the transaction for a fee. This can be $20-$35.
  • Bank@Post. If you do some of your banking at Australia Post, you might need to pay a fee to withdraw cash from your account (but deposits are free).
  • Bank cheque. Not many people use these anymore, but if you do there can be a fee of around $10.
  • Coin counting. If you empty your piggy bank and want it counted in a branch, there's usually a fee for this.
  • Note handling fee. Similar to coin counting, if you've got a large stack of notes the bank may charge you a small fee for their time to count them.
  • Periodical Payment fee. Periodical payments between transaction and savings accounts are generally free. Charges can apply when you're transferring between accounts from different institutions.
  • Debit card replacement fee. If you misplace your card, you'll usually need to pay a fee of around $10-$20 for a new one.
  • Overseas emergency replacement fee. If you misplace your card overseas and need a new card ASAP, you'll likely pay a fee of around $50.
  • Staff-assisted transactions. Some accounts may charge a fee if you need help to make a transaction in a branch.

How to avoid bank account fees

Bank accounts will charge some types of fees but not others. The best way to avoid fees is to figure out the fees you're most likely to be charged, and look for an account that doesn't charge these (for example if you regularly use ATMs you'll want to avoid ATM fees the most).

What fee do you want to avoid?Some bank accounts that avoid this fee
Monthly fees
  • NAB Classic Banking
  • HSBC Everyday Global account
  • ING Orange Everyday account
  • MyState Bank Glide Account
  • Suncorp Everyday Options Account
Domestic ATM withdrawal fees
  • ING Orange Everyday account (conditions apply)
  • ME Everyday bank account
  • Macquarie Bank Transaction Account
International transaction fees
  • Ubank Spend Account
  • ING Orange Everyday account (conditions apply)
  • Macquarie Platinum Transaction Account
  • HSBC Everyday Global Account
Overseas ATM withdrawal fees
  • Macquarie Transaction Account
  • Westpac Choice transaction account
  • Bankwest Platinum debit Mastercard (conditions apply)

How to compare fee-free accounts

The main thing you'll be looking at is the fees, but there are other features to consider when choosing an account too.

The account fees

Most bank accounts charge no account keeping fees, so if your account does charge this fee know that it can be easily avoided with another account.

Overseas fees

If you're often overseas, or you regularly shop online from international sites, look for an account that has no international transaction fees.

In-branch fees

If you like to do some of your banking in branch, choose an account that doesn't charge extra fees for deposits in branch. It's also worth checking the bank has some branch locations near you.

Online account access

It's convenient to have access to an account via a mobile banking app so you can easily and quickly keep an eye on spending and transactions at any time, wherever you are.

Deposit requirements

Some accounts, particularly business accounts, will require you to maintain a certain monthly deposit or balance to have the account fees waived. If you're considering an account that does this, make sure you can meet the requirements.

Extra perks

Some accounts offer things like cashback when opening the account or ongoing cashback offers when spending.

Payment options

Choose an account that has payment options you want to use, for example, Apple Pay or Google Pay.


Frequently asked questions

Why you can trust Finder's banking experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees. Guaranteed.
expert adviceYou save time. We spend 100s of hours researching bank accounts so you can sort the gold from the junk faster.
independentYou compare more. Our comparison tools bring you more banking products from across the market.
Serina Bird is a proud frugalista who has amassed a multi-million dollar portfolio through frugal living and investing. She is the author of several books, including How To Pay Your Mortgage Off in 10 Years, The Joyful Frugalista and The Joyful Startup Guide, and host of The Joyful Frugalista podcast.

Written by

Alison Banney

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 profile

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