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This account is used as a companion to the Bank First Everyday Account, restricting everyday spending and allowing you to set up direct debits and credits to easily save and budget for big-ticket purchases. Bank First is an award-winning customer owned and run mutual bank, with all profits invested back into the Mutual rather than to shareholders.
$0
Account keeping fee
$0
ATM withdrawal fee
2.5%
Overseas transaction fee
of transaction value
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Product Name | Bank First Budget Account |
---|---|
Monthly account fee | $0 |
Card access | Visa |
ATM Withdrawal Fee | $0 |
International transaction fee | 2.5% |
Monthly deposit required to waive account fee | N/A |
Contactless payments | Google Pay, Apple Pay |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account is kind of a mix between a transaction account and a savings account. You can make payments from the account using Internet banking whenever you need to, and you can set up regular direct debits for ongoing bills. But there’s no Visa Debit Card.
In exchange for the lack of debit card, the account offers a small amount of interest on your balance; currently 0.05%. While this is better than earning no interest, it’s a very low rate.
So if you’re looking for a convenient everyday spending account, the Bank First Everyday Account offers complete access to your balance online and with a linked Visa Debit Card while charging no account fees. Or if you’re looking for an account that pays interest while still being able to make withdrawals, you can compare high interest savings accounts instead .