Bank Australia logo

Bank Australia Everyday Access

Advertiser disclosure
Account fee
$5.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review Bank Australia Everyday Access

Last updated: 27 January 2021.

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What's hot
  • Apple Pay, Google Pay and Samsung Pay available
  • Optional roundup feature
What's not
  • $5.00 account fee (waived when you deposit $2,000/month)
Mozo snapshot

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.

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Key features

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 doesn't offer any interest gains, so it might be more rewarding to stash the bulk of your savings in an account like Bank Australia’s Bonus Saver account instead. The good news is that 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.

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Who is it 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!

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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 22 June 2021. 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: 0.00% 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.

  • $0.00

  • rediATM

  • $0.00

  • $0.00

  • $0.00

  • $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
7.7/10
Price
7.1/10
Features
6.8/10
Customer service
8.1/10
Convenience
7.4/10
Trust
8.1/10

Latest reviews of Bank Australia Everyday Access

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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.

See Bank Australia bank accounts