Bank Australia Everyday Access

$5.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

Bank Australia Everyday Access

$5.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

Mozo Review   Bank Australia Everyday Access Review

Last updated: 4 June 2019.

What's hot:
  • 2019 Mozo Experts Choice Award - Excellent Banking App

  • $0 monthly fee (when you deposit $2,000 a month)

  • Pay with Apple, Google or Samsung Pay

What's not:
  • 3.00% foreign exchange fee

Mozo snapshot:

Flexibility - that’s exactly what the Bank Australia Everyday Access account offers. Whether that’s the freedom to tap and go with a linked visa debit card or to pay through the 2019 Mozo Experts Choice Award winning Bank Australia app via either Apple Pay, Google Pay or Samsung Pay, Bank Australia provides plenty of options.

Plus Everyday Access account holders who are able to deposit $2,000 a month into the account (a regular salary for instance) will have the $5 a month account fee completely waived.

Key features:

Who likes paying fees? Nobody does, which is why Bank Australia give their Everyday Access holders the chance to have the $5 monthly account fee waived when they deposit at least $2,000 each month. And if you’re under the age of 25, you’ll have that account fee waived automatically.  

Speaking of fees, customers can avoid ATM fees altogether with free withdrawals from Bank Australia ATMs as well as from those operated by ANZ, Commonwealth Bank, NAB and Westpac.

Because it’s a transaction account the Everyday Access account only comes with an interest rate up to 0.01%, so it might be more rewarding to stash the bulk of your savings in an account like Bank Australia’s Bonus Saver account (which has a 2.50% special interest rate).

Where the Bank Australia Everyday Access account really shines is in its range of payment features. Aside from a regular linked visa debit card or eftpos card, account holders will also be able to pay using Apple Pay, Google Pay, or Samsung Pay through the award-winning Bank Australia banking app, or make near-instant transfers with PayID.

Jetsetters will even be able to use the Everyday Access account while they’re overseas, though it’s worth noting that they may be hit with a 3.00% foreign exchange commission for purchases and a $3.50 fee for overseas ATM withdrawals.

Who it's good for:

The Bank Australia Everyday Access bank account could really appeal to Aussies who love the idea of a range of cutting edge payment methods and an award-winning app.

Any catches?

Before you sign up, it may be worth weighing up whether you’ll be able to make a regular monthly deposit of $2,000 into the Everyday Access account in order to avoid the $5 monthly account fee. That is, unless you’re under 25 in which case it’s free!

Details

Rates and fees information correct as at 15 September 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.01% p.a.

  • n/a

  • n/a

Fees
  • $5.00

  • $0 monthly account fee if you deposit min. $2,000 per month

  • Unlimited transactions from phone, internet, network ATM, BPay, EFTPOS, Bank@Post and counter deposits.

  • $0.00

  • rediATM

  • $0.00

  • $0.00

  • $2.50

  • $0.00

  • $0.00

  • $0.00

  • $0.40

  • $3.50

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • Optional roundup feature automatically rounds eligible purchases up to the nearest dollar and credits it to a nominated savings account, mortgage offset or credit card.

Atm card
  • $3.50

  • $0.00

  • 3.00%

Debit card
  • $3.50

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are Bank Australia bank accounts rated by the Mozo community?

Overall customer rating
7.5/10
Price
6.9/10
Features
6.5/10
Customer service
7.9/10
Convenience
7.2/10
Trust
8.0/10

Latest reviews of Bank Australia Everyday Access

  • Overall
    10/10
    Would recommend to everyone

    Bank Australia is a very reliable bank.

    Bank Australia is a very reliable bank.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Rachida | Victoria

    reviewed 10 months ago

  • Overall
    10/10
    They try hard to help

    Very happy because they are so helpful.

    Very happy because they are so helpful.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Paul | New South Wales

    reviewed 10 months ago

  • Overall
    2/10
    Horrible

    Overall bad and would use another bank.

    Overall bad and would use another bank.

    Price
    -1/10
    Features
    -1/10
    Customer service
    -1/10
    Convenience
    -1/10
    Trust
    -1/10

    Steven | Victoria

    reviewed 10 months ago

  • Overall
    10/10
    Thankful

    Bank Australia is the greatest. I can’t complain, they are good to trust.

    Bank Australia is the greatest. I can’t complain, they are good to trust.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Tammy | Victoria

    reviewed 12 months ago

  • Overall
    6/10
    Confidence in staff

    Good to use. This is a great bank.

    Good to use. This is a great bank.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    6/10
    Trust
    7/10

    Benjamin | Victoria

    reviewed 12 months ago

Bank Australia

About Bank Australia

Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.

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