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.
Balances from $0: 0.00% p.a.
n/a
n/a
$0.00
n/a
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.
$0.00
ME, Westpac, St.George, BankSA, Bank of Melbourne
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$4.00
2.30%
$0.00 monthly
$0.00
$0.00
$2,000.00
no
yes
no
no
yes
yes
yes
none
Branch transactions are via Bank@Post
none
none
none
$4.00
$0.00
2.30%
Apple Pay
Overall I am very satisfied with products and customer service. The online banking option is easy to navigate and very up to date with current credits and debits. There is always someone helpful for phone questions. It would be great to have an actual branch in my hometown but all my banking is done remotely.
Read full reviewOverall I am very satisfied with products and customer service. The online banking option is easy to navigate and very up to date with current credits and debits. There is always someone helpful for phone questions. It would be great to have an actual branch in my hometown but all my banking is done remotely.
No branches. Credit Card entries take days to show up on Internet Banking. An hour to get thru via phone, the only possible way to contact them. It isn’t 1970.
Read full reviewNo branches. Credit Card entries take days to show up on Internet Banking. An hour to get thru via phone, the only possible way to contact them. It isn’t 1970.
No fees. Easy to use. Debit card. Have experienced no problems.
Read full reviewNo fees. Easy to use. Debit card. Have experienced no problems.
Takes over eight hours to make a bank to bank transfer. Hang up on you after 25 minutes on hold, moving away from Me bank ASAP. Don’t use them!
Read full reviewTakes over eight hours to make a bank to bank transfer. Hang up on you after 25 minutes on hold, moving away from Me bank ASAP. Don’t use them!
Online banking frequently crashes leaving customers with no access to their money. Customer service is close to non existent. No branches and I can’t get through on the phone. Typical online response is a generic "we are sorry for your inconvenience“. No Apple Pay or Oslko
Read full reviewOnline banking frequently crashes leaving customers with no access to their money. Customer service is close to non existent. No branches and I can’t get through on the phone. Typical online response is a generic "we are sorry for your inconvenience“. No Apple Pay or Oslko
ME stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME was created by Australia's leading super funds and has award-winning home loans and term deposits, low-cost savings accounts, country-wide ATM access and banking experts that come to you at your convenience.
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