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Finder Awards 2020 Best Transaction Account

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This account is a good everyday transaction account and multi-currency account in one. It can hold 10 currencies, no account keeping fees, $100 cash back offer and a 2% cashback on Tap&Go purchases.

Finalists:

Methodology: Best Transaction Account

Here's how our expert analysts assessed the Best Transaction Account category to pick the 2020 winner.

This award was scored manually by a judging panel. With overseas travel banned due to COVID-19 and cash use becoming less common, this year's winner was chosen by the panel due to its $0 international transaction fee, $0 unconditional monthly fee and excellent cashback offer. This product offered the best value in the market for customers looking to upgrade their transaction account.

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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