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Teachers Mutual Bank Everyday Direct Account

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Take advantage of an all-in-one bank account with free electronic transactions, minimal fees and no minimum balance requirements with the Teachers Mutual Bank Everyday Direct Account

For Australians who want the freedom of full electronic access to their bank accounts, as well as offline options and ATM withdrawals, along with low or no fees and some extra benefits, the Teachers Mutual Bank Everyday Direct Account can deliver. It's flexible enough to suit almost everyone without compromising on value or benefits. Easily handle all of your transactions in one place, in the way you prefer, and take full advantage of extras like a free sweep facility to help you save even more money.

Teachers Mutual Bank is for members only. If you are currently or have previously worked in the education sector, or are family of someone who is, then you may be eligible for a Teachers Mutual Bank (TMB) Everyday Direct Account.

$2,000

Fee Free Deposit

$5

Account keeping fee

$0

ATM withdrawal fee

$4.5

Overseas ATM withdrawal fee

Details

Product NameTeachers Mutual Bank Everyday Direct Account
Monthly account fee$5
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$4.50
International transaction fee2.9%
Monthly deposit required to waive account fee$2,000

Expert review

Shirley Liu

Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

As long as you deposit $0 or more each month, you'll get a $0 account keeping fee.

Key features

Low and no fees

Your account will be charged a $5 fee each month, but this fee is waived entirely if you deposit at least $0 into the account over a month. Other than this, you can expect nominal fees for in-office or over the phone staff assistance. Avoid fees entirely by meeting deposit requirements and not relying on staff assistance.

No minimum balance required

You do not have to meet any balance requirements for this account.


How to apply

If you like the balanced combination of low or no fees, accessibility and extra features offered by this account, apply online at Teachers Mutual Bank. Before getting started, however, you should check the eligibility requirements.

Eligibility

  • Minimum age. Applicants need to be at least 18 years old to open this account.
  • Residency requirements. Teachers Mutual Bank requires account holders to be Australian permanent residents or citizens.

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2 Comments

  1. Default Gravatar
    daniel
    January 14, 2017

    How long does it take to send ( transfer) money from teachers mutual bank to NAB , how long will the money be available in the NAB account and it was send today on saturday

    • Avatarfinder Customer Care
      Dee
      January 16, 2017

      Hi Daniel,

      Thanks for your question.

      Money transfers to non-Teachers Mutual Bank accounts normally take about 1 to 2 business days before the funds will be available on your account by the other Australian financial institution.

      Cheers,
      Anndy

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