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Teachers Mutual Bank Bill Paying Account

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Spend less time managing bills and other payments

The Teacher’s Mutual Bank Bill Paying Account can be held separately, with no monthly fees, to manage your bills, groceries and other expenses more efficiently. Simply deposit what's needed, and take advantage of the transaction options available.

$0

Account keeping fee

$0

ATM withdrawal fee

$0

Overseas ATM withdrawal fee

2.45%

Overseas transaction fee

of transaction value

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Details

Product NameTeachers Mutual Bank Bill Paying Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International transaction fee2.45%
Monthly deposit required to waive account feeN/A

Key features

Membership required

In order to take advantage of the Bill Paying Account from Teacher's Mutual Bank, you will first need to buy a $10 share and become a member of the customer owned financial institution.

$0 monthly account keeping fees

With this account you will not be charged any monthly fees for its use or maintenance.

Compare more Teacher's Mutual Bank products


How to apply

Teacher's Mutual Bank members can open this account online at the Teacher's Mutual website. Non-members will need to sign up first, which requires being either currently working in or retired from Australia's education sector, or being a family member of someone who is. A $10 entry share fee, which can be refunded if you ever choose to ever give up your membership, is needed. Just like opening an account, you can sign up for Teacher's Mutual Bank membership online.

Eligibility

  • Minimum age. Applicants will need to be at least 18 years of age.
  • Residency requirements. In addition to having ties to the education industry, you must be an Australian citizen or permanent resident in order to be eligible for the account.

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