Beat bank fees with these fee free banking deals

Did you know the average Aussie household paid $477 in bank fees last year? Credit card, home loan and deposit account fees were the biggest culprits, costing households a whopping $3.4 billion dollars according to the Reserve Bank. 

It’s a lot of money to be throwing down the drain every year, particularly when there are a number of fantastic fee-free banking products on the market now.

So read on for our picks of some of the best fee-free bank accounts, credit cards and home loans around and wave goodbye to bank fees once and for all. 

FEE-FREE BANK ACCOUNT

1 ING Orange Everyday

Key features

  • $75 cash bonus
  • $0 account fees
  • Free use of any ATM in Australia (with minimum deposit of $1,000 a month)
What's the deal?

You'll never have to pay another pesky foreign ATM fee or monthly bank account fee ever again. And that's not all, because if you open an ING Direct Orange Everyday Account and deposit at least $1,000 by 30 November 2017 you can snag $75 cash back.

Where do I get it? Head over to ING Direct to find out more >>

FEE-FREE CREDIT CARD

2 American Express Essential Credit Card

Key features

  • $0 annual fee
  • $50 cash back when you spend $750 in the first 3 months
  • 1 Membership Rewards point per $1 spent
What's the deal?

If you like rewards but hate fees, the Essential could be the card for you. Membership Rewards points can be transferred to 8 different airline partners (note Qantas not included). You'll also get extended warranty and purchase protection, a low interest rate of 14.99% on purchases and a cash back offer to boot. 

Where do I get it? Head over to American Express to find out more >>

FEE-FREE HOME LOAN

3 UBank UHomeLoan - Value Offer

Key features

  • No ongoing or upfront fees
  • 3.74% variable rate (3.74% comparison rate)
  • Free extra repayments and redraw facility
What's the deal?

Not only does the UHomeLoan tick the no fee box, it also comes with a seriously low variable rate. It’s available to owner-occupiers borrowing up to 80% of the property’s value. The online application process is fast and easy but the low rate is available for a limited time, so get in quick!

Where do I get it? Head over to UBank to find out more >>

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