QT Mutual Bank Everyday Account

QT Mutual Bank Everyday Account

Maximum Variable Rate


Standard Variable Rate


Benefit from unlimited use of your debit card when you bank everyday with the QT Mutual Bank Everyday Account.

  • Monthly fees are waived when $2,000 deposited into it each month
  • Comes with Visa Debit Card
  • 24/7 access to funds

Product details

Accessing your cash is easy with the QT Mutual Bank Everyday Account. You’ll receive a debit card with access to over 3,000 ATMs across Australia. Avoid paying monthly service fees as well just for depositing your salary into the account each month.

Waived monthly fees if at least $2,000 is deposited, such as your salary into your account.

Product Name
QT Mutual Bank Everyday Account
Maximum Variable Rate
0.00% p.a.
Standard Variable Rate
0.00% p.a.
Monthly Fee
Minimum monthly deposit for bonus interest rate
Internet Banking
Phone Banking
Minimum Age Requirement

What are the features of the QT Mutual Bank Everyday Account?

QT Mutual Bank gives you a lot to think about when you start making comparisons between everyday bank account options. Consider their list of features against those offered by other banks in order to choose the day to day banking account that gives you the most flexibility at the least cost:

  • Fees. There is a $6 monthly service charge with this account that will be waived if you are able to deposit at least $2,000 into the account each month. This fee is also waived for full time students or individuals who are working in an Australian apprenticeship.
  • Debit card. You are issued a Visa debit card that features payWave when you open your QT Mutual Bank Everyday Account.
  • ATM network. The Visa debit card can be used at over 3,000 rediATMs around Australia without any extra charge.
  • Visa debit card purchases. You can make an unlimited number of purchases without incurring a fee using your Visa debit card. This applies to purchases made within Australia only if you make a purchase originating outside of Australia you will pay 3% of the Australian dollar value for the purchase.
  • Accessibility. Manage your account online or with phone bank 24 hours a day, seven days a week.
  • Branch banking. You can make any number of withdrawals or deposits at a local QT Mutual Bank branch without paying any fees.
  • BPAY. This account allows you to use BPAY and direct debit to take care of your payments for no charge. You can use cheques without paying extra fees.
  • Overseas withdrawals. If you use your Visa debit card to make a withdrawal at an ATM abroad you will pay $4.50 for each transaction.

How do you apply for the QT Mutual Bank Everyday Account?

Before you can apply for the QT Mutual Bank Everyday Account you must first become a mutual owner in the institution. This is available for residents of Queensland only, and a one time member share cost of $10 will be deducted from your new account once it has been established.


Before clicking ‘Go to site’ to get started, make sure that you are able to meet the other eligibility requirements for the QT Mutual Bank Everyday Account:

  • Minimum age.  You must be at least 18 years of age to open this account in your name. If you wish to open one for an individual under 18 years old, you will need to contact your local branch.
  • Residency requirements. In order to become a member of QT Mutual Bank, you must reside in Queensland and be a permanent resident of Australia.
  • Depository requirements. There is no minimum balance requirement to open your account.


Once you have become a member of QT Mutual Bank you can continue forward with filling out your online application for the everyday account. Be prepared with the following information to make filling in the application easier:

  • Tax file number. Giving your tax file number (TFN) at the time of application is not mandatory, but it helps to make sure that no withholding tax will be applied to your account.
  • Identification. Identification documents accepted by the QT Mutual Bank include your Australian driver’s licence or valid passport.
  • Membership number. You will need to provide QT Mutual Bank with your member number before your application will be accepted.

You will need to print the application and sign it before sending it into QT Mutual Bank. Once submitted and reviewed you will be contacted by email about any next steps you need to take.


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