Regional Australia Bank eFree Account

Easily access your money and support the local community with this convenient everyday account.

This everyday account is for customers aged 25 and under. It does not charge any account keeping fees, and provides easy access to your money with unlimited EFTPOS transactions using the linked Visa Debit card, Internet and Phone banking. You can also make full use of the available mobile app, allowing you to manage your funds anywhere, anytime.

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Account keeping fee


ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameRegional Australia Bank eFree account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee3.5%
International transaction fee3.5%
Monthly deposit required to waive account feeN/A
Contactless PaymentsN/A

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

Each year Regional Australia Bank will make a donation to a community group of your choice, to the value of 1% of your average annual account balance.

Key features

Take advantage of the unlimited free EFTPOS transactions with the attached Visa Debit Card, along with free Internet and Phone banking. Customers who enjoy the freedom of managing their funds anywhere, anytime, can enjoy the convenience of a mobile banking app. Be aware that fees for overseas ATM withdrawals and international EFTPOS transactions do apply.

How to apply

Only customers aged 25 and under can open this account. However, once you have this account and turn 26 you can keep it open as long as you like. You also need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill in an enquiry form on Regional Australia Bank's website and a member of their team will get in touch to help you open an account.

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