Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID
Visa Debit
An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
Read our Mozo Review to learn more about the Everyday Options
Your selected debit cards
$0.00
Apple Pay, Google Wallet
Visa Debit
No overseas ATM fees & up to 10 currencies in one account. Switch between currencies instantly 24/7 wherever you are using the mobile app. Receive 2% Cashback on eligible tap and pay transactions under $100. Mozo's Experts Choice 2023 winner for Exceptional Everyday Account.^
No overseas ATM fees & up to 10 currencies in one account. Switch between currencies instantly 24/7 wherever you are using the mobile app. Receive 2% Cashback on eligible tap and pay transactions under $100. Mozo's Experts Choice 2023 winner for Exceptional Everyday Account.^
Read our Mozo Review to learn more about the Everyday Global Account
Your selected debit cards
$0.00
Apple Pay, PayID, Google Pay
Visa Debit or
EFTPOS
An online-only transaction account with carbon insights available through the Suncorp App. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
An online-only transaction account with carbon insights available through the Suncorp App. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
Read our Mozo Review to learn more about the Carbon Insights Account
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID
Debit Mastercard
Earn interest on all balances. No monthly account fees. Winner of a Mozo Experts Choice Australia's Best Bank 2023^.
Earn interest on all balances. No monthly account fees. Winner of a Mozo Experts Choice Australia's Best Bank 2023^.
Read our Mozo Review to learn more about the Transaction Account
Your selected debit cards
$4.00$0 monthly account fee if you deposit min. $2,000 per month or under 30 years old.
Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin, Fitbit
Debit Mastercard or
EFTPOS
Read our Mozo Review to learn more about the Smart Access
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay
Visa Debit or
EFTPOS
Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
Read our Mozo Review to learn more about the Everyday Edge Account
Your selected debit cards
Generally, when you open up a bank account, you are given a debit card which acts as an everyday spending card. They offer the same kind of convenience as a credit card, removing the need to carry large wads of cash everywhere.
Visa and Mastercard are the most common types of debit cards available and are considered the most secure alongside being widely accepted everywhere.
In today's fast-paced, tech-driven world, the convenience of financial transactions is paramount, especially when you’re late for that lecture. As such, debit cards can be an indispensable tool for spending in a way that is fast, accessible, and secure.
Debit cards are easy to carry around and, if lost or stolen, can be quickly cancelled. In addition, large purchases usually require you to punch in a PIN which can give you peace of mind that thieves won’t be able to spend everything at once.
Having a debit card can also eliminate the need for cash which can be convenient for large purchases like a new tv, furniture, or even a doctor's bill. Do keep in mind that whilst card purchases are widespread in Australia, they sometimes come with surcharges or you may even come across a place that is cash only.
Although they seem similar on the surface, debit and credit cards do differ in some key ways. Namely, debit cards are meant for purchasing with money that you already have in your transaction account.
In contrast, credit cards utilise money that the bank loans to you and must be paid back with interest. However, the advantage (or disadvantage if you can’t pay it back on time) of this is that it can build up a credit history.
Debit cards hold a number of features that make them an attractive option for student spenders. Some key features of debit cards include:
No Debt: As you’re drawing from your own funds with a student debit card, you usually won’t put yourself into debt. Do keep in mind that some debit cards do have an overdraw facility so it's a good idea to check whether you have this feature activated.
Online Purchases: Debit cards can be an easy and convenient way to make online purchases.
Tap and Go: Contactless payment has become fairly ubiquitous in Australia. Debit cards can allow you to take advantage of this feature so you can easily and quickly make purchases, especially if you’re in a rush.
ATM withdrawals: If you ever need access to cash, many banks allow access to fee-free withdrawals from their own dedicated ATMS.
Bank account apps: Many bank accounts usually have an app alongside the connected debit card that can let you manage your money.
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Read MoreYour selected debit cards