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: 18 September 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 Pay, Google Pay, PayID or Samsung Pay

What's not:
  • 3.00% foreign exchange fee

  • $5.00 account 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, PayID or Samsung Pay, Bank Australia provides plenty of options.

Plus, Bank Australia Everyday Access account-holders who deposit $2,000 into their account each month (a regular salary, for instance) will have the $5 monthly account fee waived.

Key features:

Who likes paying fees? Nobody! Which is why Bank Australia give their Everyday Access holders the chance to have the $5.00 monthly account fee waived when they deposit at least $2,000 into the account each month. Under the age of 25? Then the monthly account fee will be waived automatically.  

Speaking of fees, customers can avoid ATM fees altogether with free withdrawals from Bank Australia ATMs as well as ATMs of all the major banks.

Being a transaction account, the Bank Australia Everyday Access account only comes with an interest rate of up to 0.01% p.a., so it might be more rewarding to stash the bulk of your savings in an account like Bank Australia’s Bonus Saver account instead.

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 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 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 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!

Any catches?

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!

Details

Rates and fees information correct as at 13 November 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
6.6/10
Customer service
7.9/10
Convenience
7.2/10
Trust
8.0/10

Latest reviews of Bank Australia Everyday Access

  • Overall
    8/10
    Great for people who put people above profits.

    Environmentally friendly and socially responsible. No local branch is a drawback.

    Environmentally friendly and socially responsible. No local branch is a drawback.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    5/10
    Trust
    8/10

    Kelli | Victoria

    reviewed 8 days ago

  • Overall
    9/10
    Great bank!

    Great bank to deal with!

    Great bank to deal with!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10

    John | Victoria

    reviewed 19 days ago

  • 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 12 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 about 1 year 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 about 1 year 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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