ME Everyday Transaction Account

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

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.

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$0

Account keeping fee

$0

ATM withdrawal fee

$4

Overseas ATM withdrawal fee

2.3%

Overseas transaction fee

of transaction value

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Details

Product NameME Everyday Transaction Account
Monthly account fee$0
Card accessMastercard
ATM Withdrawal Fee$0
International ATM Fee$4
International transaction fee2.3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Fitbit Pay, Garmin Pay

Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

ME was one of the first banks to scrap all ATM withdrawal fees Australia-wide. If you use an ATM in Australia and get charged a withdrawal fee, ME will refund the fee back into your account within 30 days. There’s also no monthly account keeping fee, either, and no monthly deposit conditions to meet.

There is, however, a $4 withdrawal fee for overseas ATMs, and an 2.3% international transaction fee when making purchases with your debit card overseas. if you’re mainly looking for a card to take when travelling, there are a few cards available that waive these fees.

Something really unique that the ME Everyday Transaction account offers is the choice between five different colours for your debit card. This could be super handy if you have different accounts for different things (e.g.: one for your own spending and one as a joint account). Also, if you opt for the pink debit card, ME will donate 1 cent from each purchase you make to the National Breast Cancer Foundation.

Keep in mind that ME is a digital bank with no bank branches, so might not be suited to you if you like to do a lot of your banking in branch. If you do need to deposit cash, you can do this at an Australian Post shop using the Bank@Post service.

Key features

$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.

Compare the rest of the ME product range


How to apply

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

Eligibility

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.

FAQ

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12 Comments

    Default Gravatar
    Bea
    September 2, 2021

    Is there a fee for the ATM if there is declined transaction?

    Can you get a balance enquiry on an independent ATM and is there a fee for getting a balance enquiry on an ATM?

      Avatarfinder Customer Care
      Alison
      September 10, 2021

      Hi,

      ME Bank does not charge a fee on an ATM balance enquiry or a declined transaction.

      Thanks,
      Alison

    Default Gravatar
    Margie
    July 4, 2017

    What is maximum amount I can withdraw from this account?

      Default Gravatar
      Jonathan
      July 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.

      Cheers,
      Jonathan

    Default Gravatar
    AJS
    May 14, 2017

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

      Avatarfinder Customer Care
      May
      May 14, 2017

      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.

      Cheers,
      May

    Default Gravatar
    peter
    March 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?
    thanks

      Avatarfinder Customer Care
      Dee
      March 9, 2017

      Hi Peter,

      Thanks for your question.

      You can check interest-bearing transaction accounts featured on our website to compare your options with linked debit cards that you can use overseas.

      Cheers,
      Anndy

    Default Gravatar
    Cara
    July 31, 2016

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

      Avatarfinder Customer Care
      May
      August 1, 2016

      Hi Cara,

      Thanks for your inquiry.

      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.

      Cheers,
      May

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