Flexibility - that’s exactly what the Bank Australia Everyday Access account is all about. Whether that’s the freedom to tap and go with a linked Visa Debit Card or via a digital wallet like Apple Pay, Google Pay or Samsung Pay, the account gives customers all the tools they need to spend and manage their money.
Who likes paying fees? Nobody! Well the Everyday Access account does come with a $5 monthly account fee, but Bank Australia will waive that to anyone who a) deposits at least $2,000 into the account each month, or b) is under the age of 25. Speaking of fees, customers can avoid ATM fees altogether with free withdrawals from Bank Australia ATMs as well as any major bank ATM in Australia.
Being a transaction account, the Everyday Access account has a fairly low interest rate, so it might be more rewarding to stash the bulk of your savings in an account like Bank Australia’s Bonus Saver account instead. You will earn 0.05% p.a. interest on tiers between $0-$49,999 and 0.10% on amounts upwards of $50,000.
As some added good news, the Everyday Access account gives users the option of adding to their savings balance easily via the Round UP feature - all you need to do is switch it on and Bank Australia will round up every purchase you make to the nearest dollar and deposit that amount into your savings account.
Where the Bank Australia Everyday Access account really shines is in its range of payment features. Aside from a regular linked Visa Debit Card, account holders will also be able to make payments 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 will be hit with a 3.00% foreign exchange commission for purchases and a $3.50 fee for overseas ATM withdrawals.
The Bank Australia Everyday Access bank account might appeal to Aussies who love having a range of cutting-edge payment methods at their disposal, not to mention, an award-winning banking app!
Before you sign up to the Bank Australia Everyday Access account, it may be worth weighing up whether you’ll be able to make a regular $2,000 monthly deposit into your account to avoid the $5 monthly account fee. Unless of course, you’re under the age of 25, in which case the monthly fee will be waived automatically!
Balances from $0: 0.00% p.a. |
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n/a |
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n/a |
$5.00 |
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$0 monthly account fee if you deposit min. $2,000 per month, are under 25 years old, have combined Bank Australia loans or savings of $50,000+ |
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Unlimited transactions from phone, internet, network ATM, BPay, EFTPOS, Bank@Post and counter. |
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$0.00 |
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rediATM, all major banks in Australia |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$3.50 |
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3.00% |
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$0.00 monthly |
$0.00 |
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$0.00 |
$1,000.00 |
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yes |
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no |
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yes |
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yes |
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no |
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yes |
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yes |
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none |
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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. |
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$3.50 |
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$0.00 |
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3.00% |
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$3.50 |
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$0.00 |
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3.00% |
Apple Pay, Google Wallet, PayID, Samsung Pay
They vow never to invest in fossil fuels.
Read full reviewThey vow never to invest in fossil fuels.
Best customer support I have ever experienced, great mobile app, top up savings account can't recommend enough
Read full reviewBest customer support I have ever experienced, great mobile app, top up savings account can't recommend enough
Although with very few physical branches the banking seems to work well using their app
Read full reviewAlthough with very few physical branches the banking seems to work well using their app
It invests along clear ethical guidelines. I really appreciate that when compared to their competitors. If their interface was terrible, maybe I wouldn't be with them, but I've had no issues. If you want your money to be invested into renewables, conservation etc, Bank Australia are for you.
Read full reviewIt invests along clear ethical guidelines. I really appreciate that when compared to their competitors. If their interface was terrible, maybe I wouldn't be with them, but I've had no issues. If you want your money to be invested into renewables, conservation etc, Bank Australia are for you.
Ethical banking! I never even thought about it until I moved to Bank Australia and I’m so glad I did! They’re a Certified B Corporation which means they’re of the “highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.” B corporation’s goals include reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. I didn’t even know a bank could have this much positive impact… They’re also customer owned so you know they’re out for your best interests unlike many other banks. Their customer service is the best I’ve experienced. You also get to vote in their annual general meetings and everyone gets a say on how the bank is run. It’s the least “bank” feeling bank I know of and I love it.
Read full reviewEthical banking! I never even thought about it until I moved to Bank Australia and I’m so glad I did! They’re a Certified B Corporation which means they’re of the “highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.” B corporation’s goals include reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. I didn’t even know a bank could have this much positive impact… They’re also customer owned so you know they’re out for your best interests unlike many other banks. Their customer service is the best I’ve experienced. You also get to vote in their annual general meetings and everyone gets a say on how the bank is run. It’s the least “bank” feeling bank I know of and I love it.
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.