ME's Everyday Transaction Account offers all the handy features you would expect from a competitive bank account including no monthly fees, no fees on electronic transactions and free access to ATMs anywhere in Australia. Plus, ME offers a real point of difference as the account comes with a Debit MasterCard called Buck which comes in a range of colours.
If you do most of your banking online, over the phone and you frequently make use of ATMs, the ME Everyday Transaction Account won't cost you a thing. There are no account fees and you'll never have to worry about ATM fees with this account in Australia as you can use any ATM free of charge (ME will refund you any ATM withdrawal fees you incur).
Anyone above the age of 16 can open an ME Everyday Transaction Account. It's a good account for those who want to skip account keeping fees, ATM fees and don't mind giving up the option of making deposits or withdrawals from a local branch.
Just watch shopping with Buck as there is a $2,000 per day, per card daily debit card withdrawal limit.
Also, like most everyday accounts, funds in a ME Everyday Transaction account won't earn any interest. So you would be better off slipping your savings over to a saving account with a higher interest rate like the ME Online Savings Account and transferring money across when needed.
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Balances from $0: 0.00% p.a. |
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n/a |
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n/a |
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$0.00 |
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n/a |
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Unlimited free transactions from EFTPOS, internet and BPAY, free access to ME and network ATMs, fee refunded at all other ATMs in Australia within 30 days of transaction. |
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$0.00 |
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ME, Westpac, St.George, BankSA, Bank of Melbourne |
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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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$0.00 |
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$0.00 |
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$4.00 |
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2.30% |
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$0.00 monthly |
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$0.00 |
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$0.00 |
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$2,000.00 |
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no |
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yes |
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no |
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no |
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yes |
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yes |
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yes |
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none |
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Branch transactions are via Bank@Post |
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none |
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none |
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none |
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$4.00 |
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$0.00 |
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2.30% |
Apple Pay
Good luck trying to close an account with these guys. This has been a battle for me for years. They appear to have no regard for my time or Australian law. Their inability to service such a basic request - leads me to say, go with any other bank.
Read full reviewGood luck trying to close an account with these guys. This has been a battle for me for years. They appear to have no regard for my time or Australian law. Their inability to service such a basic request - leads me to say, go with any other bank.
Aside from the couple of times I have just not been able to login for 1-2 days due to maintenance, this bank is right up there with the top banks of 5-10 years ago. - You can't pay with payID (this option has been coming soon for 1+ years since I asked) - The app is awful - They have no customer chat function (you have to call! lol). There is a 'Message' function in netbank but if you take time writing a message it doesn't send when you click submit because you need to login again and the draft message is just gone haha. - I applied for a credit card and it still hasn't arrived (it has been 12 days!). I'd say the biggest reason for the delay is that it took 6 days to be approved even though I am a customer so they already know how much money I have after expenses. - They emailed me to say the account was ready to use before the card arrived and that is not true (you need the card number to activate the online account)
Read full reviewAside from the couple of times I have just not been able to login for 1-2 days due to maintenance, this bank is right up there with the top banks of 5-10 years ago. - You can't pay with payID (this option has been coming soon for 1+ years since I asked) - The app is awful - They have no customer chat function (you have to call! lol). There is a 'Message' function in netbank but if you take time writing a message it doesn't send when you click submit because you need to login again and the draft message is just gone haha. - I applied for a credit card and it still hasn't arrived (it has been 12 days!). I'd say the biggest reason for the delay is that it took 6 days to be approved even though I am a customer so they already know how much money I have after expenses. - They emailed me to say the account was ready to use before the card arrived and that is not true (you need the card number to activate the online account)
I'm an employee. Don't bank with ME. Severely limited with what you can do.
Read full reviewI'm an employee. Don't bank with ME. Severely limited with what you can do.
If you like no interaction with customer service and can live with an online account, ME is for you. There are no fees, it is easy to set up an account and the app is good once you have your head around how to access information.. Customer service is definitely lacking with this bank. I was so fed up with the long waiting times on the phone, I resorted to sending online emails. I requested to close an account that has a $0.00 balance. I can see they read my message but, has not actioned it.. Home loans have also been a sticking point, I have requested to refinance my loan due to the interest drop. They were happy to go so far but, now I am required to call.. I can't seem to receive a payout figure but, getting someone on the other end of the phone is just as difficult.
Read full reviewIf you like no interaction with customer service and can live with an online account, ME is for you. There are no fees, it is easy to set up an account and the app is good once you have your head around how to access information.. Customer service is definitely lacking with this bank. I was so fed up with the long waiting times on the phone, I resorted to sending online emails. I requested to close an account that has a $0.00 balance. I can see they read my message but, has not actioned it.. Home loans have also been a sticking point, I have requested to refinance my loan due to the interest drop. They were happy to go so far but, now I am required to call.. I can't seem to receive a payout figure but, getting someone on the other end of the phone is just as difficult.
I have been banking with ME for last 7 years- everything has been Ok up until now. Since BOQ has acquired them for 1.3b , I can’t get a Bank cheque deposited at BOQ or Westpac branches . Too bad I’m left in hole . How could you do this to your very good customers . This little pig Bank went - We We Wee all the way home
Read full reviewI have been banking with ME for last 7 years- everything has been Ok up until now. Since BOQ has acquired them for 1.3b , I can’t get a Bank cheque deposited at BOQ or Westpac branches . Too bad I’m left in hole . How could you do this to your very good customers . This little pig Bank went - We We Wee all the way home
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