In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Teachers Mutual Bank Everyday Direct Account

Teachers Mutual Bank Everyday Direct Account

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Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee of transaction value


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

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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.


  • Unlimited transactions
  • Access to NAB and Bank of Queensland ATMs


  • $4.5 Overseas ATM withdrawal fee

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


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


Minimum Age 18
Joint account availability Yes
Minimum opening deposit N/A
Residency status Permanent Australian residents with an Australian address

Key features

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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.

How to apply

If you like the balanced combination of low or no fees, accessibility and extra features offered by this account, apply online at Teachers Mutual Bank. Before getting started, however, you should check the eligibility requirements.


  • Minimum age. Applicants need to be at least 18 years old to open this account.
  • Residency requirements. Teachers Mutual Bank requires account holders to be Australian permanent residents or citizens.

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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


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.



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