Bank of Sydney Student Transaction Account

The details shown below are for the Everyday Saver Account

The details shown below are for the Student Transaction Account

Choose the version of this loan that suits you best

  • Everyday Saver Account

  • Student Transaction Account

$0.00

Bank of Sydney, RediATM

Visa Debit or
EFTPOS

Bank of Sydney Student Transaction Account

$0.00

Bank of Sydney, RediATM

Visa Debit or
EFTPOS

$0.00

Bank of Sydney, RediATM

Visa Debit or
EFTPOS

Bank of Sydney Student Transaction Account

$0.00

Bank of Sydney, RediATM

Visa Debit or
EFTPOS

Mozo Review   Bank of Sydney Student Transaction Account Review

Last updated: 2 October 2018.

What's hot:
  • Earn 1.60% p.a. interest on your everyday balance

  • No account fees

  • Optional Visa Debit Card

What's not:
  • Interest rate drops for balances over $50,000

Mozo snapshot:

An everyday bank account that pays interest, yes, you read correctly. The Everyday Saver Account from Bank of Sydney (BOS) has a 1.60% p.a. interest rate for balances up to $50,000 and it won't cost you a cent to keep in your wallet. There are no monthly account keeping fees, you get free ATM withdrawals from any BOS or rediATM and unlike some banks that charge for over the counter deposits or withdrawals, these are also free.  


Key features:

The BOS Everyday Saver has a standard interest rate of 1.60% p.a which is almost unheard of these days for an everyday transaction account, especially one with no monthly account fees. The interest rate drops to 0.60% p.a on balances over $50,000 but really, if you've got this kind of balance in an everyday account its time you look at parking it in a high interest savings account.

The account has an optional Visa Debit Card which is great if you are planning on travelling overseas or shopping online. It comes chip enabled so you'll also be able to "tap n go" for purchases under $100 in Australia wherever Visa is accepted. 

You can use the BOS Everyday Saver ATM and Visa Debit Card overseas for making withdrawals and purchases. With the standard BOS ATM card or the Visa Debit card, overseas ATM withdrawals are free (another unheard of.) For both card options there is a 3% foreign exchange margin on all overseas transactions so factor this into your travel budgeting.

Applying for the Bank of Sydney Everyday Saver is easy, if you're not near a branch you can apply online. Plus you'll get access to online banking.

Who it's good for:

This account is good for people who are looking for an everyday account which is low on fees and great on flexibility.

Any catches?

There's a $1000 daily ATM withdrawal limit, so just watch this if you need to make a large purchase.

Details

Rates and fees information correct as at 19 February 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: 1.35% p.a.
    Balances from $50,000: 0.60% p.a.

  • none

  • n/a

Fees
  • $0.00

  • none

  • Free unlimited ATM withdrawals from any Bank of Sydney or RediATM in Australia. Free unlimited EFTPOS transactions and balance enquiries.

  • $0.00

  • Bank of Sydney, RediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • $0.00

  • 3.00%

  • $0.00 annually

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • yes

  • yes

  • none

  • none

Atm card
  • $0.00

  • $0.00

  • 3.00%

Debit card
  • $0.00

  • $0.00

  • 3.00%

Details

Rates and fees information correct as at 19 February 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: 0.00% p.a.

  • none

  • n/a

Fees
  • $0.00

  • none

  • Free unlimited ATM withdrawals from any Bank of Sydney or RediATM in Australia. Free unlimited EFTPOS transactions and balance enquiries.

  • $0.00

  • Bank of Sydney, RediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • $0.00

  • 3.00%

  • $0.00 annually

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • yes

  • yes

  • none

  • none

Atm card
  • $0.00

  • $0.00

  • 3.00%

Debit card
  • $0.00

  • $0.00

  • 3.00%

Customer Reviews

How are Bank of Sydney bank accounts rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.8/10
Features
8.0/10
Customer service
9.0/10
Convenience
7.8/10
Trust
9.0/10
Bank of Sydney

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