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: 28 February 2020.

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 account 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 4 April 2020. 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.

  • $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 customer rating
7.6/10
Price
7.0/10
Features
6.7/10
Customer service
8.0/10
Convenience
7.3/10
Trust
8.1/10

Latest reviews of Bank Australia Everyday Access

  • Overall 7/10
    Ethical bank covering all of your basics.

    A more ethical bank however the services are mostly online.

    Read full review

    A more ethical bank however the services are mostly online.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Alec, New South Wales reviewed about 2 months ago
  • Overall 10/10
    Best ever customer service.

    I like this bank - it is not one of the big 4 and they don’t treat you like a number. They always bend over backwards to help you with any problems.

    Read full review

    I like this bank - it is not one of the big 4 and they don’t treat you like a number. They always bend over backwards to help you with any problems.

    Price
    7/10
    Features
    4/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Robert, South Australia reviewed 4 months ago
  • Overall 10/10
    A great ethical bank.

    I like Bank Australia because they are an ethical and sustainable bank. Bank Australia does not lend any money to the fossil fuel industry, the logging industry, the tobacco industry, the alcohol industry, live animal export or nuclear weapons industry. With something essential such as a bank account or a loan your decision can make a big impact on climate change. Bank Australia only lends money to sustainable and ethical companies. I love that I can call them up until 8pm if I have any questions. Bank Australia offers intuitive and safe Internet Banking just like other major banks. The only negative I found is the bank account fees. If you don't receive $2,000 per month into your bank account they charge an account fee of $5. If you earn more than $2,000 per month and make this your account into which your salary is paid, then there are no bank account fees. Also, as a customer of Bank Australia you become a part-owner in Bank Australia's 927 hectare Conservation Reserve. What a great bank to be a part of!

    Read full review

    I like Bank Australia because they are an ethical and sustainable bank. Bank Australia does not lend any money to the fossil fuel industry, the logging industry, the tobacco industry, the alcohol industry, live animal export or nuclear weapons industry. With something essential such as a bank account or a loan your decision can make a big impact on climate change. Bank Australia only lends money to sustainable and ethical companies. I love that I can call them up until 8pm if I have any questions. Bank Australia offers intuitive and safe Internet Banking just like other major banks. The only negative I found is the bank account fees. If you don't receive $2,000 per month into your bank account they charge an account fee of $5. If you earn more than $2,000 per month and make this your account into which your salary is paid, then there are no bank account fees. Also, as a customer of Bank Australia you become a part-owner in Bank Australia's 927 hectare Conservation Reserve. What a great bank to be a part of!

    Price
    9/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Roman, Victoria reviewed 4 months ago
  • Overall 10/10
    Best customer service there is, extremely helpful.

    I have been with this bank for so many years now, it's the best service that I have ever had from a bank. If you have a problem then they'll solve it for you usually that day. It saves me doing all the work.

    Read full review

    I have been with this bank for so many years now, it's the best service that I have ever had from a bank. If you have a problem then they'll solve it for you usually that day. It saves me doing all the work.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jennifer, Victoria reviewed 5 months ago
  • Overall 8/10
    Great for people who put people above profits.

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

    Read full review

    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
    Less
    Kelli, Victoria reviewed 5 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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