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Bank accounts – find a happy home for your money

It's safer here than under your mattress. Get a transaction account with $0 fees and all the digital bells and whistles you need to get your money moving.

1 - 8 of 219
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Westpac logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay Digital Card
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay Digital Card
Go to site
Monthly account fee$5
Card accessMastercard
Own network ATM fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account fee$2,000
Contactless PaymentsApple 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 siteMore Info
Eligible cardholders can get discounts when shopping at partner brands.

ING logo
Apple Pay Google Pay
Apple Pay Google Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple 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 Bank logo
Apple Pay Google Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple Pay, Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
HSBC logo
Finder AwardApple Pay Google Pay10 Currencies
Finder Award
Apple Pay Google Pay10 Currencies
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple Pay, Google Pay
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 logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee
International transaction fee3%
Monthly deposit required to waive account fee$0
Contactless PaymentsApple 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 Bank logo
Apple Pay Google Pay Samsung Pay
Apple Pay Google Pay Samsung Pay
Go to site
Monthly account fee$0
Card accessVisa
Own network ATM fee$0
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account fee
Contactless PaymentsApple 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.
Revolut logo
Apple Pay Google Pay
Apple Pay Google Pay
Go to site
Monthly account fee$0
Card accessVisa and Mastercard
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee
Contactless PaymentsApple Pay, Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa and Mastercard
Go to siteMore Info
UP logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Go to site
Monthly account fee$0
Card accessMastercard
Own network ATM fee$0
International ATM Fee
International transaction fee0%
Monthly deposit required to waive account fee
Contactless PaymentsApple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
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Showing 8 of 8 results
Promoted
Bank account offer
Westpac Choice
Promoted
$5
monthly fee
$0
ATM withdrawal fee
  • Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
  • Monthly fees: $5

Westpac Choice

What is a bank account?

A bank account is a deposit product that holds your money. Banks, credit unions, building societies or other financial institutions offer them. Your employer can deposit your salary or wages directly into your bank account, which you can access whenever you want through ATM cash withdrawals, EFTPOS purchases with the linked debit card or bills payment.

Bank accounts are also often referred to as everyday accounts or tranhow saction accounts.

How to compare bank accounts in Australia

When starting your bank account comparison, consider the following features to make sure you choose the right bank account for you.

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Consider the account-keeping fees.

Look for an account that charges no or low monthly account keeping fees. Or, if there is an account-keeping fee, you can often get the fee waived by depositing a certain amount of money into the account each month.

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Check the deposit conditions.

If the account requires you to meet a monthly deposit requirement (this can be anywhere from $200 to $2,000 a month), make sure it's an amount that you can easily meet each month.

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Check the ATM fees

Will you be charged an ATM withdrawal fee to access your cash? Don't forget to check the overseas ATM withdrawal fee too as this can be quite high with some bank accounts.

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Compare the overseas fees and charges.

If you travel a lot or regularly shop online from overseas retailers, check the international transaction fee when comparing bank accounts. Some bank accounts don't charge an international transaction fee at all, and others will waive this fee if you meet certain deposit conditions.

Public

Look at the linked savings account.

If you want to link a savings account to your bank account with the same bank, check the interest rate you can earn with the savings account. If you're trying to save money, more interest you can earn on your savings account means better.

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Consider the payment options.

If you want to make contactless purchases with your phone, check that the bank account supports Apple Pay, Google Pay or Samsung Pay. If you want to make instant bank-to-bank transfers, looking for an account that offers instant payments with PayID and Osko.

Public

Do you need a joint account?

If you're looking for a bank account that you can share with another person (such as your partner), make sure you check if the account can be opened as a joint bank account.

Public

Does it offer any special deals?

Some bank accounts offer cash bonus offers or cash back deals when you open an account. Others will offer an ongoing cashback offer when you make purchases. Just make sure the fees charged on the account don't outweigh any benefit offered with these cash promotions.

How does Finder help compare bank accounts?

Every year Finder's data analysts and banking experts assess 100+ bank accounts in our database to look for the most competitive products in the market as part of the annual Finder Awards. To determine the best transaction accounts we look at all the accounts in our database and filter for those with no account keeping fees, no local ATM fees and no international transaction fees. From here, we assess the extra benefits and features these accounts offer and determine which account offers the most value overall - usually in the form of a cash back offer, interest or rebated ATM fees.

As well as our annual awards program our Finder authors have researched and published 100+ banking guides and product reviews, and regularly appear in the media, for example on Sunrise, 7News and SBS News.

Compare bank accounts: Key features and benefits

  • Safer than cash. Bank accounts offer a secure place to hold your money. It is much safer (and easier) than keeping your money in physical cash. Plus, the Australian government protects your deposit up to $250,000 in an Australian bank account.
  • Easy access to your money. The money in your bank account is yours to access and use whenever you want. You can withdraw cash at an ATM, use the debit card to purchase things in stores, pay your bills or shop online 24/7.
  • Free debit card. Bank accounts come with a free debit card linked to your account, usually either Visa or Mastercard debit card. You can use this debit card in stores in Australia and overseas, at ATMs and online. Unlike a credit card, the money on your debit card is limited to what you deposit into the account.
  • Transaction history. You can see all your past bank account transactions and purchases by logging into your Internet banking portal or mobile banking app. This is handy to keep track of where and how you're spending your money.
  • No interest charged. Unlike a credit card that is a type of loan that you need to repay, the money in your bank account is your money. You can only spend what you have in the bank account, so there are no interest repayments to worry about. There's also no risk of spending more than you have.
  • Mobile banking app. Most bank accounts offer mobile app access. You can keep track of your bank account, manage your expenses and see your transactions in the app 24/7.
  • Linked to savings. A bank account can also be linked to a savings account with the same bank. You can move money from your savings into your bank account so you can spend it when needed.

Comparing no fee transaction accounts

No fee transaction accounts are bank accounts with no (or limited) fees. Bank accounts have a large list of fees for various things, and it's unlikely you'll find one with no fees at all. However, the main fees that people like to avoid are monthly account keeping fees (for accounts that do charge this fee it's usually around $5 per month). Luckily, these fees are easy to avoid as there are plently of bank accounts today that don't charge this fee. See the list below for a few examples.

Transaction accounts with no account keeping fee

Determine what fees are most important for you to avoid, and look for a transaction account that doesn't charge these. For example, if you travel a lot and regulalrly shop online from international sites you'll probably want a transaction account with no international transaction fees. Or perhaps you regulalry use ATMs to withdraw cash, in which case you'd probably want a transaction account with no ATM fees.

Bank account or savings account: Which do you need?

A bank account (also called a transaction account) and a savings account are 2 different types of accounts that serve different purposes. A bank account is a transaction product designed for daily use to buy things in stores, withdraw from ATMs, pay bills, transfer money to friends and receive your salary or wages. A bank account comes with a debit card but typically doesn't pay interest on your money (although there are some rare examples of bank accounts that do pay interest, such as the Macquarie Transaction Account).

A savings account is another account that you can link to your bank account. A savings account pays interest on the money in the account as it's designed to help you save. It doesn't come with a debit card as it's not meant to be used as a transaction account for purchases and day-to-day spending.

You don't have to pick just one of these. In fact, having both a bank account and savings account linked together is a great way to manage your spending and saving side-by-side.

How to open a bank account

Here's how to open a new bank account online in 5 steps:

  1. Compare. Compare bank accounts using the table above and find the right one for you.
  2. Apply online. Once you've chosen one, click "Go to site" to complete the online application.
  3. Add your details. Fill in your name, age, address, contact details and residency status.
  4. Verify your identity. Once the bank has verified your identity with your driver's licence, passport or other forms of ID, your account will be opened instantly.
  5. Fund your account. Transfer some money into your new bank account from another account or deposit cash into the account via a bank branch, ATM or Post Office. You'll soon receive your debit card in the mail.

What type of bank account are you looking for?

Need a bit more help choosing a bank account? The right bank account for you will depend on how you plan to use the account and what you're looking for.

Bank accounts to use overseas

Bank accounts to use overseas

If you travel a lot or often purchase things online from overseas merchants, these bank accounts charge low or no foreign transaction fees or international ATM fees.

Business bank accounts

Business bank accounts

If you're a business owner, compare business bank accounts to keep your business banking separate from your personal banking.

Bank accounts for expats

Bank accounts for expats

If you're in Australia to study or for work, there's a number of bank accounts that you can compare.

Student bank accounts

Student bank accounts

Compare bank accounts that waive the monthly account keeping fees while you're a student.

Joint bank accounts

Joint bank accounts

A joint bank account gives more than 1 person access to the account. These are convenient for couples with shared finances.

Fee-free bank accounts

Fee-free bank accounts

Compare bank accounts with no monthly account keeping fees and no ATM withdrawal fees to save you cash.

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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18 Responses

    Default Gravatar
    PaulFebruary 27, 2020

    Three people representing a large group of retired people are looking to open a special account to collect money for a specific purpose. The group is not an incorporated association.
    Is it possible to open an account on-line with the three members living in different areas in Australia?

      Default Gravatar
      NikkiFebruary 28, 2020

      Hi Paul,

      Thanks for your comment and I hope you are doing well.

      We have a page that shows a list of savings accounts for charities, a bank account for a group that collects money for a specific purpose. According to our review, these accounts are designed for Australians who want to passively make their own contributions for the greater good.

      On the page, you will find a table that compares the features and benefits and fees. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to compare community accounts is also stated on the page. You can also click the compare box beside each savings account option and compare up to 4 options side by side for faster comparison. As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the chosen account before applying. You may also contact the bank should you have any questions about their product.

      Best,
      Nikki

    Default Gravatar
    ShuoJune 11, 2019

    Which banks do not charge unpaid payment fee?
    I am using CommBank now and I am really unhappy they charge me unpaid payment fee so I want to change my card.

      AvatarFinder
      JeniJune 13, 2019Finder

      Hi Shuo,

      Thank you for getting in touch with Finder.

      Sorry to hear your experience. Please note that the unpaid payment fee/dishonor fee occurs when you set a payment schedule and your account has insufficient amount for that, and even if you change banks you may still experience being charged with the said fee if you forget to put some money on your scheduled payment. It is important that you check your account’s balance from time to time and if there’s a scheduled payment, it is a good idea to get in touch with your bank on how you may prevent this type of charge.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    MagidOctober 10, 2017

    hi
    i am 16 years old and i have a casual job that pays about 13$ an hour and i work for about 8-10 hrs a week sometimes more.
    Can you please tell me the best bank i should go with, eg interest rate, credit/bonus interest or superannuation, im not sure what exactly they mean but i was hoping you can tell me which bank account i should go with eg ANZ, Commbank, Westpac, NAB or anything else

    can you also tell me the difference between debit, mastercard, visa or credit card and which i can get, (i am 16 years old)

    thanks

      AvatarFinder
      JoanneOctober 10, 2017Finder

      Hi Magid,

      Thanks for reaching out.

      You can read our guide on savings account for some basic information you need to know.

      A debit card is a card that is tied directly to your checking account and you can use the card to a store and make a purchase. That would mean purchases would be drawn directly out of your own funds/checking account.
      A credit card is a card issued by a bank that allows you to borrow money in such a way that the bank finances the purchases you make at a store. A credit card will charge you interest if you do not make your payment on an agreed date with the bank.
      Visa and Mastercard provide the technology and networks required for processing card payments.
      Our comparison table with a list of savings accounts will help you choose which account suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Hope that helps,
      Joanne

    Default Gravatar
    JessAugust 9, 2017

    How do I delete an account I accidentally made ?

      Default Gravatar
      JonathanAugust 10, 2017

      Hello Jess,

      Thank you for your inquiry. Just would like to confirm if you mean a “bank account”?

      If you are, you may contact the bank or the financial institution concerned so that they can initiate the closure.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    EnceaJune 12, 2017

    You mention that some banks have a feature to round up the spare change from debit card purchases and automatically sweep that change into a savings account. When I click on the link, there is no filter for this feature. Which banks offer this facility?
    Thanks

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