Compare Australian Bank Accounts with Mozo

A bank account is a place to store and access your money for everyday transactions. Bank accounts are different from savings accounts as they usually don’t pay interest. Start comparing bank accounts below.

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Bank account comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 235 bank accounts.
Last updated 30 October 2024 Important disclosures
  • Orange Everyday

    $0.00

    Apple Pay, Google Wallet, PayID, PayTo

    0% p.a.

    The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

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  • Everyday Options Account

    $0.00

    Apple Pay, Google Wallet, PayID

    0.01% p.a.

    Enjoy 0% foreign currency conversion fees on Visa Debit card purchases. Plus make an eligible purchase using your linked Visa Debit card to earn cashback at participating merchants. $0 monthly account keeping fees & the option to open up to 9 sub-accounts. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL 229882 Australian Credit Licence 229882). The SUNCORP brand and Sun Logo are used by Suncorp Bank (Norfina Limited) under licence and Suncorp Bank is not part of the Suncorp Group.

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  • Glide Account

    $0.00

    Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin Pay

    0% p.a.

    Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.

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  • Everyday Global Account

    $0.00

    Apple Pay, Google Wallet

    0% p.a.

    Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^

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Compare high interest savings account options

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 272 savings accounts.
Last updated 30 October 2024 Important disclosures
  • Savings Account

    5.50% p.a. (for $0 to $250,000)

    5.00% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first 4 months.

    Enjoy a high interest savings account with no account keeping fees to pay. Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace. Multiple 2024 Mozo Experts Choice Award winner.

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  • PremiumSaver

    5.35% p.a. (for $0 to $250,001)

    1.45% p.a.(for $0 and over)

    Yes up to $250,000

    Increase balance by $200 by the end of each month

    Reward yourself with a higher rate for your good savings habits. Rabobanks’s PremiumSaver is simple - receive the maximum rate when you grow your balance by at least $200 each month (T&Cs apply). Plus, your savings help our Aussie farmers produce the food we love to enjoy.

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  • Savings Maximiser

    5.50% p.a. (for $0 to $100,000)

    0.55% p.a.(for $0 and over)

    Yes up to $250,000

    Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.

    Great variable rate every month when you grow your balance each month in addition to other eligibility criteria. No ING fees to pay. Save even more with ING Everyday Round Up. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

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  • Bonus Saver

    5.00% p.a. (for $0 and over)

    1.00% p.a.(for $0 and over)

    Yes up to $250,000

    Bonus interest for the first four months from the account opened date. No minimum balance required. No monthly or ongoing fees or withdrawal penalties. Manage your money easily via phone or online banking or via the BCU Bank app.

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  • Savings Accelerator

    3.55% p.a. (for $0 to $50,000)

    2.85% p.a.(for $0 to $50,000)

    Yes up to $250,000

    New customers receive an introductory bonus 0.70% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.

    Enjoy the flexibility to access your funds with no monthly deposit requirements or lock-in terms. No ING fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

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Bank account resources

Reviews, news, tips and guides to help find the best bank account for you.

Making a quick and easy bank account comparison

Show transcript

What is a bank account?

The term ‘bank account’ usually refers to a standard transaction account used to store money. Money can either be deposited as cash or transferred electronically from another account. 

Similarly a bank account usually comes with a card that can be used to withdraw cash from an ATM or make EFTPOS payments with. As the economy has been increasingly digitised, most bank account providers also offer everyday transaction accounts as online apps. 

Accounts can come bundled together with, or as a requirement to use, certain savings accounts.

What are transaction accounts?

Transaction accounts (also known as everyday accounts) are bank accounts that are intended for spending and receiving income. These accounts are also used for managing cash and transferring funds to savings accounts and term deposits

Banking apps and digital wallets

Banking has come a long way in recent years and apps and digital wallets are now very popular among Australian consumers. 

These accounts allow you to access your bank account from your smartphone and give you access to many cool features like spending, tracking and money management alerts that you don't get with regular online banking.

It has also become extremely popular to pay with things via digital wallets like Apple Pay, Samsung Pay and Google Pay rather than using the physical card that you get issued with when you sign up for a new bank account. 

banking app features

How to compare bank accounts 

You can compare bank accounts by checking out some of the features of bank accounts, which include:

  • ATM network - does the bank have a wide ATM network?

  • Banking app - how useful is the banking app? Does it come with a lot of benefits?

  • Overseas access - can the account be accessed overseas?

You should also weigh up any extra fees, such as:

  • International fees - are there any high international fees associated with the account? What is the foreign exchange commission?

  • Regular fees - does the bank charge a monthly account keeping fee? 

You can also check out our best bank accounts page for our Mozo Experts Choice Awards and editor picks. Alternatively, you can compare some of the providers in the table above. 

Picture of JP Pelosi
JP Pelosi
RG146
Managing editor

Managing Editor Jean-Paul (JP) Pelosi leads the editorial team, with over 20 years of experience writing for top outlets like The Guardian, The Sydney Morning Herald and News.com.au. JP's expertise in home loans and property is complemented by his rich background at major financial firms including CommBank, Suncorp and Amex. Holding a Master's in Communications and international experience in journalism, JP combines passion with skill and has a unique ability to apply this editorial experience and financial knowledge to advise the team on how to create engaging financial content for Australian consumers.

More FAQs about everyday bank accounts

How do I open a bank account? 

You’ll need to meet the eligibility criteria—often this means you should be at least 18, an Australian resident, and using the account for personal purposes. Then, choose a suitable account based on your needs. Once decided, you can either open the account online or at a local branch. Then, you'll need to provide identification documents like a driver's license or passport. After that, you’re all set.

Will I receive a debit card when I open a bank account? 

Most bank accounts provide a debit card for withdrawals and purchases. Many banks also now offer digital wallet options like Apple Pay, Samsung Pay, and Google Pay, allowing for cardless payments. You can compare accounts with debit cards using comparison tables, and check mobile payment guides to see which banks support digital wallets.

Where can I find a calculator to help with budgeting and tax? 

To maintain a healthy bank balance, use a budget calculator to track spending and savings. An income tax calculator can help ensure you're paying the correct amount of tax. For personal accounts, explore transaction account options. If you need a business account, check out our Business Bank Accounts.

How to cancel a transaction from my bank account

To cancel a transaction from your bank account, contact your bank immediately with the transaction details. They'll guide you through their specific cancellation process, but keep in mind that some transactions can't be reversed. Check your bank's policies for more information on their cancellation procedures. 

Which type of bank account is best for everyday transactions

A transaction account that has low (or no fees) and has a good app for ease of access is usually a good choice.

Bank Account Reviews

Commonwealth Bank Smart Access
Overall 10/10
Truly amazing

They have always been reliable, helpful, caring, willing to lend a hand and a listen. No question is a problem for them. Always available to chat as well when you need to get in contact with them.

Read full review

They have always been reliable, helpful, caring, willing to lend a hand and a listen. No question is a problem for them. Always available to chat as well when you need to get in contact with them.

Price
4/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Shae, Victoria, reviewed about 13 hours ago
Bank of Queensland Bank Account
Overall 7/10
Interest Rate is amazing for people under 35.

Interest Rate is amazing for people under 35.

Read full review

Interest Rate is amazing for people under 35.

Price
10/10
Features
6/10
Customer service
6/10
Convenience
4/10
Trust
8/10
Less
Jackson, Queensland, reviewed about 13 hours ago
St.George Complete Freedom Account
Overall 10/10
Great bank

Been with them for years, had a personal loan they’ve always been helpful

Read full review

Been with them for years, had a personal loan they’ve always been helpful

Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Anneke, New South Wales, reviewed about 13 hours ago

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