Guide to Bank Accounts

Opening a bank account... fee free banking... bank cards and money accounts - you'd think a basic transaction account would be a little more, well, basic. Never fear - Mozo's quick guide will turn you into a bank account guru in minutes!

Top bank accounts for pensioners and retirees

Top bank accounts for pensioners and retirees

Bank accounts can differ based on their interest rates, fees, features and security. If you’re a senior looking for a bank account that better suits your needs, we’ve done some of the hard work here to help.

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Managing share house rent and bills with joint bank accounts

Managing share house rent and bills with joint bank accounts

Living in a shared or ‘share’ house can be a cost-effective way of renting, but it often comes with its fair share of challenges – particularly when managing finances.

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How to change bank accounts in 4 easy steps

How to change bank accounts in 4 easy steps

Are you considering switching your bank account? Whether you're looking for better rates, fewer fees, or improved services, changing your bank account can be a smart financial move. This guide will walk you through the process in four easy steps.

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What are Osko payments?

What are Osko payments?

Osko is a fast and convenient payment network that operates under the NPP (New Payments Platform) in Australia. Launched in 2018, it allows users to make real-time payments between participating banks and financial institutions, ensuring money is transferred almost instantly.

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Open banking: The data sharing revolution

Open banking: The data sharing revolution

Open banking is an innovative process aimed at revolutionising traditional banking systems across the world and has been implemented in Australia since 2020. The notion of consumer-centric banking has the potential to change how you handle your personal finances. It’s important to be aware of what open banking means for your future money management.

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A guide to ethical banking in Australia: How to switch

A guide to ethical banking in Australia: How to switch

There's a growing movement in Australia to combat climate change and promote ethical practices across various industries. One area gaining significant attention is the banking sector, with many Australians now considering the environmental and social impact of their financial choices. If you're contemplating a switch to ethical banking, this comprehensive guide will walk you through everything you need to know.

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What happens if I transfer money to the wrong bank account?

What happens if I transfer money to the wrong bank account?

Gone are the days when you had to pull out your wallet or write a cheque to pay back a friend or settle a bill. With internet banking and online accounts, sending money to friends, family, or businesses is a breeze.

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Online Banks: everything you need to know

Online Banks: everything you need to know

By offering digital only access, providers can make banking a more convenient service. But what exactly are online banks and how do they differ from traditional banks?

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Banks, mutual banks and credit unions - what’s the difference?

Banks, mutual banks and credit unions - what’s the difference?

When deciding who to manage your money with, there’s more than just traditional banks to choose from. So, what makes mutual banks, and credit unions different? Let’s have a closer look.

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What is a cash management account?

What is a cash management account?

If you're an investor looking to streamline your finances, a cash management account might be the solution you need. Whether you're managing your own super fund, investing in shares, or collecting rental income from an investment property, a cash management account (SMA) can help. In short, it keeps your investment money separate from your everyday spending while still earning competitive interest rates.

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Types of bank accounts

Types of bank accounts

Bank account providers offer a range of accounts to suit the needs of different users. Below, we explore some of the bank account options available in Australia.

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How to open a bank account in Australia

How to open a bank account in Australia

Opening a bank account in Australia is a straightforward process that can often be completed in just a few minutes, either online or at a branch of your chosen provider. However, to make sure you make the right choice, it's worth investing some time in researching what different bank accounts have to offer.

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How do I get my money back if my bank closes?

How do I get my money back if my bank closes?

The recent news of Silicon Valley Bank’s (SVB) collapse has made many Aussies nervous about their bank's stability.

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What is Afterpay’s Money App and how does it work?

What is Afterpay’s Money App and how does it work?

Update: Afterpay Money is no longer in operation. For current Afterpay services, please refer to our main BNPL hub.

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Bank charges

Bank charges

There’s nothing worse than receiving your bank account statement and realising you’ve accumulated all these additional bank charges you never knew about.

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Personal banking

Personal banking

Looking for a better way to manage your money but don’t know where to begin? From everyday transaction accounts and linked savings accounts to credit cards and personal loans, a little attention to your personal banking services can actually save you a bundle.

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Checking accounts

Checking accounts

A checking account is just like any everyday transaction account that lets you make bank deposits as well as withdrawals. The added feature with a checking account is that apart from managing your funds at the branch, at an ATM or online, you also have a cheque book, which enables you to make payments to businesses or people from your account.

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Bank account news

Get more than the headlines with whole picture reports whenever transaction account news breaks.

Australias debit card surcharge ban explained

Australia’s debit card surcharge ban explained

This week the Australian government announced plans to outlaw debit card surcharges as part of a broader crackdown on consumer fees. This move comes in the lead-up to the federal election next year and is aimed at alleviating financial pressures on Aussie families.

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Easy ways to teach your kids to manage money

Easy ways to teach your kids to manage money

School holidays are the perfect time to relax, enjoy family activities, and, yes, talk about money! While your kids are off from school, it’s a golden opportunity to teach them valuable financial skills that will set them up for life.

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