Teachers Mutual Bank Everyday Direct Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $4.5
- Overseas transaction fee of transaction value
- 2.9%
Summary
Take advantage of an all-in-one bank account with free electronic transactions, minimal fees and no minimum balance requirements with the Teachers Mutual Bank Everyday Direct Account
For Australians who want the freedom of full electronic access to their bank accounts, as well as offline options and ATM withdrawals, along with low or no fees and some extra benefits, the Teachers Mutual Bank Everyday Direct Account can deliver. It's flexible enough to suit almost everyone without compromising on value or benefits. Easily handle all of your transactions in one place, in the way you prefer, and take full advantage of extras like a free sweep facility to help you save even more money.
Teachers Mutual Bank is for members only. If you are currently or have previously worked in the education sector, or are family of someone who is, then you may be eligible for a Teachers Mutual Bank (TMB) Everyday Direct Account.
Pros
-
Unlimited transactions
-
Access to NAB and Bank of Queensland ATMs
Cons
-
$4.5 Overseas ATM withdrawal fee
Details
Key details
| Product Name | Teachers Mutual Bank Everyday Direct Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | $4.50 |
| International transaction fee | 2.9% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
| Residency status | Permanent Australian residents with an Australian address |
Key features
No minimum balance required
You do not have to meet any balance requirements for this account.
Easy accessibility
This is an online account and is largely designed to be managed electronically, but you can still access your account over the phone, at TMB offices or through ATMs.
Linked debit card
Your account is linked to a Teachers Mutual Bank Visa debit card to use for withdrawals or to make online and point of sale purchases.
ATM network
The linked debit card allows you to use rediATM as well as NAB and Bank of Queensland ATMs for no charge. Fees may apply for using an ATM outside of this network.
Compare other transaction accounts
Your reviews
Alison Finder
Editor
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Anndy Lou Finder
January 15, 2017
Hi Daniel,
Thanks for your question.
Money transfers to non-Teachers Mutual Bank accounts normally take about 1 to 2 business days before the funds will be available on your account by the other Australian financial institution.
Cheers,
Anndy
daniel
January 14, 2017
How long does it take to send ( transfer) money from teachers mutual bank to NAB , how long will the money be available in the NAB account and it was send today on saturday