The AMP Bank Bett3r Spend Account is an everyday bank account but what makes it a little different from many other bank accounts is that it's linked to the Bett3r Save and Bett3r Pay accounts.
The Spend Account comes with a linked VISA Debit or EFTPOS card and no account keeping fees, so all your money can be spent on the things you love instead of on bank fees.
The AMP Bank Bett3r Account is actually three accounts in one - one for spending, one for paying for all of life’s necessities and one for saving toward your goals.
Your money hits the Pay Account first, so all your bills are taken care of. After that, funds are automatically allocated to your saving goals in the Save Account. Anything leftover goes to the Spend Account, which is an everyday transaction account and the one we’re talking about in this review. These funds are yours to spend however you want - as long as you’ve set the linked accounts up properly, all your budgeting has been done already, so you won’t have to worry that you’ve overspent on Friday night celebrations and forgotten about an incoming electricity bill.
Aside from the innovative three-account style, this is actually a pretty simple bank account. There are no fees to worry about unless you’re using the linked debit card overseas, in which case there’s a $4.50 ATM fee and a 2.5% foreign exchange margin.
Whenever you’re in the land Downunder though, you’ll have unlimited free transactions through EFTPOS, phone, mobile app, internet banking, and Bank@Post.
Because the Bett3r Account splits your money into three pots - the first for necessities, then for saving and finally for fun spending - it’s a great bank account for anyone who needs a little help to keep their budget straight and to not overspend on everyday indulgences.
If you’re planning to spend big, think ahead to make sure the $1,000 daily withdrawal limit doesn’t put a damper on your day.
Plus, remember, although this account itself has no monthly fee, the linked Pay Account does have a $6 fee (which will be waived if you meet the minimum $2,000 monthly deposit from an external source requirement.)
| Balances from $0: 0.00% p.a. | |
| n/a | |
| n/a |
| $0.00 | |
| n/a | |
| Unlimited free transactions from EFTPOS, mobile app, internet, cheque and Bank@Post deposits. | |
| $0.00 | |
| None | |
| $0.00 | |
| n/a | |
| n/a | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $4.50 | |
| 2.50% | |
| $0.00 monthly |
| $0.00 | |
| $0.00 |
| $1,000.00 | |
| no | |
| no | |
| yes | |
| no | |
| no | |
| yes | |
| yes | |
| none | |
| none |
|
| |
| $4.50 | |
| $0.00 | |
| 2.50% |
|
| |
| $4.50 | |
| $0.00 | |
| 2.50% |
Apple Pay, Google Pay, Samsung Pay
Along with being one of the worst performing superannuation funds, AMP's banking arm is nothing short of disgraceful. 8 days to clear a bank cheque. I was told it was because of being deposited at Aus Post.
Read full reviewAlong with being one of the worst performing superannuation funds, AMP's banking arm is nothing short of disgraceful. 8 days to clear a bank cheque. I was told it was because of being deposited at Aus Post.
I believe AMP are very professional and trustworthy. My experience is everlasting as they explained their company clearly to me. Answers were addressed well. Recommended and they are worthy with my finances.
Read full reviewI believe AMP are very professional and trustworthy. My experience is everlasting as they explained their company clearly to me. Answers were addressed well. Recommended and they are worthy with my finances.
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