Four bank accounts to help you get on board with digital wallets

Woman stands against blue backdrop, holding a mobile phone and smiling.

From alarms that wake us up in the morning to messaging services that keep us connected, our phones can pretty much be used for anything these days. We can make purchases, manage personal finances and even keep track of our health and wellbeing, all using this one device. It’s no wonder 43% of Aussies would rather lose their wallet than their phone. 

Indeed, according to the research from KPMG, trust in technology actually rose during the pandemic. KPMG found that when it comes to tech, Aussies particularly value personalisation done properly. A further 43% of those surveyed said they were pleased when companies take the friction out of purchase and delivery.

Paying with ease

If this sounds like you and you use your phone for just about everything, you might be considering jumping on the digital wallet bandwagon. To help you get started we’ve rounded up a number of bank accounts that offer the option to pay with not one, but multiple digital wallets.

Some bank accounts to consider

  • No account fee
  • Option to pay with Apple Pay, Google Pay and Samsung Pay

For those wishing to ditch their physical wallet in favour of a lighter digital version, MyState Bank’s Glide Account is definitely worth considering. This account offers users the ability to pay with a number of smartphone wallets including Apple, Google, Samsung and even Fitbit or Garmin, if that’s your jam. On top of this, there’s no account fee and if you ever do find yourself in need of cash, there’s also no domestic ATM fee. Just watch out for the 3.00% foreign exchange fee!

  • Sweep function
  • Option to pay with Apple, Google and Samsung Pay

Again UBank’s USpend Transaction Account gives customers the option to pay with five different digital wallets. These include Apple, Google, Samsung, Fitbit and Garmin Pay. That’s not all though, because for the fintech-savvy the perks don’t stop there. With this account you can also take advantage of UBank’s unique sweep technology. This allows you to choose a minimum amount to always have in your USpend account ($100 or more) and if you go under that, UBank will sweep some funds from your savings into your everyday account. You can also set a maximum amount for your USpend account and if you go over it, the sweep will do the opposite and deposit money into your savings account.

  • Option to pay with Apple and Google Pay
  • PayID also available

If you’re looking for a bank account with no monthly fee, the option to use a digital wallet and the ability to set up PayID, you might be interested in Suncorp’s Everyday Options account. With this account you can use either Apple or Google Pay and set up PayID for a simpler way to send and receive payments. You can also open up to nine sub-accounts, which might just make it that little bit easier to budget for multiple things at once and manage your money.

  • No account fee
  • Option to pay with Apple, Google and Samsung Pay

Neobank Up’s Everyday Account comes with plenty of nifty features for the tech-lover to enjoy. With this app-based bank account you’ll have the option to use digital wallets including Apple, Google and Samsung Pay and set up PayID. Plus, you can boost your savings stash by opting into Up’s round-up feature. This rounds up each purchase you make to the nearest dollar and deposits the difference into your linked Up Bank Saver Account. The cherry on top? This account comes with no account keeping fee and no foreign exchange fee.

The fun doesn’t end, time to compare bank accounts

Want more options for a place to park your money? Head to Mozo’s compare bank accounts page. Here you can see at a glance which bank accounts have digital wallet options and which digital wallets they offer.

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