ME Everyday Transaction Account

ME Everyday Transaction Account

Fee Free Deposit


Account Keeping Fee


Pay no account keeping fees and use any ATM in Australia for free.

  • $0 Account keeping fee with unlimited access to your account
  • Free access to any ATM in Australia – get your fee refunded within 30 days
  • Linked debit Mastercard with tap & go

Product details

The ME Everyday Transaction Account is a flexible bank account with no account keeping fees and no ATM fees Australia-wide. The account is linked to a debit Mastercard with tap and go functionality which gives your access to your funds all around the world.


A transaction account with $0 ATM fees, no minimum deposit and zero monthly service fees.

Product Name
ME Everyday Transaction Account
Monthly Account Fee
Debit Card Access
ATM Withdrawal Fee
Interest Rate p.a.
No account keeping fees and no fees when using any ATM in Australia – you'll get a refund within 30 days for any fees you pay for an ATM.
Joint Application
Fee Free Deposit p.m.
Overseas ATM Withdrawal Fee
Overseas Eftpos Fee
Phone Banking
Internet Banking

What are the features of the ME Everyday Transaction Account?

The ME Everyday Transaction Account offers the following features and benefits.

$0 Monthly account keeping fee

There are no charges to your account monthly, so each dollar you deposit is yours to use however you'd like to.

$0 ATM fees and charges in Australia

With your debit Mastercard you have free access to your money at any ATM in Australia. You'll be given a refund for any fees you pay at an Australian ATM within 30 days.

Free linked 'buck' debit Mastercard

Each account opened comes with a linked debit Mastercard that can be used to make purchases in stores and online, and to withdraw cash from ATMs. If you misplace your card, an emergency replacement card is free of charge.

Charitable donations with a pink debit card

If you choose the pink debit card, ME will make a one cent donation to the National Breast Cancer Foundation every time you make a purchase with it.

Other free transactions

You can also use EFTPOS, BPAY, PayAnyone, Bank@Post and tap & go all for free.

Contactless payments: tap & go

Tap & go via PayPass is a debit Mastercard feature that allows you to make in store purchases of under $100 simply by waving your debit card over the payment terminal, no need to enter your PIN. You'll need to make one of these per week if you'd like to earn the bonus interest rate on the Online Savings account.

$0 Minimum deposit

There is no minimum deposit needed to open your Everyday Transaction Account, and there's no ongoing balance requirement to meet.

Using your card overseas

If you use your debit Mastercard overseas to make a withdrawal at an ATM your account will be charged 4.00% per transaction plus an international transaction fee listed below. You might also incur additional fees by the issuing financial institution. Overseas emergency replacement cards are free.

International transaction fees apply.

If you make an international purchase or withdrawal you will be charged an international transaction fee of 2.30% of the AUD value. This usually occurs from using the debit card overseas, or using the card to shop online from a non-Australian website.


If you prefer to take care of some of your banking needs with a cheque, you will be charged $10 for each book of 50 pages. You can also purchase a bank cheque for $6.

No additional cheque fees

There are no additional fees to repurchase, replace or stop a bank cheque.

Link to a ME Online Savings Account and receive up to 2.05% p.a.

Want to take advantage of one of the highest interest rates in the market? Link to an ME Online Savings Account and make a weekly tap & go purchase.

Compare the rest of the ME product range


  • $0 account keeping fees
  • $0 minimum deposit
  • Use every ATM in Australia for free
  • Linked debit Mastercard
  • Link to a ME Online Savings Account for a competitive bonus interest rate


  • There is a $4 international ATM withdrawal fee
  • There is a 2.30% international transaction fee
  • Lack of branches across Australia

How do I apply for the ME Everyday Transaction Account?

If you think that this is the right everyday account for you, you can apply online.

Eligibility to apply online

Check your eligibility here first before continuing on to the secure application page:

  • How old are you? Applicants must be at least 16 years of age to be considered for this account.
  • Where do you live? You must be an Australian permanent resident, citizen or resident with a valid residential address.
  • What will you use the account for? This is an account meant for personal use only. If you represent a business, trust fund or company you should look into business products offered by ME.

Documentation to apply online

If you meet these requirements you can proceed to the online application. Have the following documentation ready in order to ensure that you have all the necessary information:

  • Identifying documents. In order to open an account in Australia, the bank must first verify your identity. This can be done electronically in most cases with two of the following forms of id; driver’s licence, passport, birth certificate or Medicare card.
  • Account information. If you are already a customer of ME you will need to provide them with the account number or your customer number.
  • Personal information. Applicants will need to disclose their full name, date of birth and residential address before the application can be processed.

What happens after I apply?

Once your information has been submitted and verified, you can begin using your new everyday account. A debit Mastercard will arrive by mail at your house within ten business, which you can activate through ME’s online banking.

Is there a charge for closing of the account?

There’s no closing fees for this account.

Is the bonus interest paid on $500,000 if I open a joint account? Is ME linked to any other banking institutions i.e is it stand-alone re, Government Deposit Guarantee or part of another institution?

Please note that the ME Everyday Transaction Account doesn’t provide bonus interest. If you’re interested in a high interest savings account from ME Bank, you may be interested in the ME Online Savings account instead. Bonus interest is only paid on the first $250,000 including joint accounts. Deposits are covered by the Government Guarantee up to $250,000 per person. ME is a standalone institution.

For statements for the everyday Transaction and online accounts, are they free to the customer or will the customer be billed whenever a statement is issued by ME?

ME Everyday Transaction Account statements are sent quarterly (every 3 months). ME Online Savings Account statements are sent at the end of June and December. Both are free of charge and you have the option to choose either paper or online statements.

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10 Responses

  1. Default Gravatar
    MargieJuly 4, 2017

    What is maximum amount I can withdraw from this account?

    • Default Gravatar
      JonathanJuly 5, 2017

      Hi Margie!

      It is $2,000 per EFT withdrawal.

      You can contact them directly if you wish to know more information.

      Hope this helps.


  2. Default Gravatar
    AJSMay 14, 2017

    Is there a fee on the Every Day Transaction Account for BSB transfers?

    • Avatarfinder Customer Care
      MayMay 14, 2017Staff

      Hi AJS,

      Thank you for your inquiry.

      Are you pertaining to the fee when making a telegraphic transfer (domestic only) using your ME EveryDay Transaction Account? If so, the bank charges $30 for that type of transaction and that will be charged to your account immediately. If you’d like to know more about the fees that would possibly apply to your everyday account, please refer to the Factsheets found on ME Bank’s official page.


  3. Default Gravatar
    peterMarch 9, 2017

    Hi there,
    What would be some of the best online only banking services that allow regular deposits here in Australia to earn interest, but provide a debit card – which is intended for use overseas- which has low ATM/eftpos/currency conversion costs?

    • Avatarfinder Customer Care
      DeeMarch 9, 2017Staff

      Hi Peter,

      Thanks for your question.

      You can check this page to compare interest-bearing transaction accounts with linked debit cards that you can use overseas.


  4. Default Gravatar
    CaraJuly 31, 2016

    Hi if I chose a pink MasterCard debit do I still get the 3.35% interest

    • Avatarfinder Customer Care
      MayAugust 1, 2016Staff

      Hi Cara,

      Thanks for your inquiry. You’ve come through to we are an Australian financial comparison website and general information service, not actually ME frank.

      You can get the 3.35% p.a. if you will link this ME EveryDay Transaction Account to an ME Online Savings account and make a weekly tap & go purchase.


  5. Default Gravatar
    HelenMay 10, 2016

    Why has ME Bank chosen to include a weekly contactless transaction as part of the conditions of their bonus interest?

    • Avatarfinder Customer Care
      ShirleyMay 11, 2016Staff

      Hi Helen, is a third party comparison service.

      Unfortunately we’re unable to speak on ME’s behalf. We recommend that you speak to a direct representative.

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