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ME Everyday Transaction Account

Account fee
$0.00
Payment options
Interest rate
0% p.a.

Mozo editorial review ME Everyday Transaction Account

Last updated: 24 January 2020.

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What's hot
  • No account fees
  • Fees refunded for withdrawals at any Australian ATM
  • Unlimited phone and internet transactions
What's not
  • No Apple or Google Pay
  • Overseas ATM and purchase fees
Mozo snapshot

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.

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Key features

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). 

Buck is the account's debit card, which is linked to the Mastercard network, which allows users to make purchases online or in store anywhere in the world where MasterCard is accepted. That's over 30 million locations in case you were wondering. Speaking of Buck, you won't have any trouble finding it in your wallet, because you'll have a choice of five stylish card colours including Avocado Green, Lobster Red, Pineapple Yellow, Shark Blue or Pink (ME will even donate 1 cent to the National Breast Cancer Foundation for every purchase made with the pink card).

While ATM withdrawals are free within Australia just be aware that international ATM withdrawals are $4 a pop and overseas purchases and withdrawals will also incur a 2.30% international transaction fee on top of the Australian dollar amount. 

ME's Everyday Transaction Account also isn't compatible with digital wallets like Apple Pay or Google Pay just yet, but according to me they are on the way. 
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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 26 May 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: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $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

Other financial bits
  • $0.00

  • $0.00

Features
  • $2,000.00

  • no

  • yes

  • no

  • no

  • yes

  • yes

  • yes

  • none

  • Branch transactions are via Bank@Post

Atm card
  • none

  • none

  • none

Debit card
  • $4.00

  • $0.00

  • 2.30%

Payment options

Customer Reviews

How are ME bank accounts rated by the Mozo community?

Overall customer rating
8.6/10
Price
8.4/10
Features
7.6/10
Customer service
8.7/10
Convenience
7.7/10
Trust
8.7/10

Latest reviews of ME Everyday Transaction Account

  • Overall 10/10
    Customer friendly online banking system.

    Simple banking system, good rates and very customer friendly.

    Read full review

    Simple banking system, good rates and very customer friendly.

    Price
    5/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Carol, New South Wales reviewed 3 months ago
  • Overall 0/10
    I don't recommend this bank to anyone

    Horrible experience with ME bank. I opened a new account and had trouble trying to speak with customer service. Waited for over 2 weeks for them to send my bank card! Had to close the account again and move to a different bank. Phone app is no good as well.

    Read full review

    Horrible experience with ME bank. I opened a new account and had trouble trying to speak with customer service. Waited for over 2 weeks for them to send my bank card! Had to close the account again and move to a different bank. Phone app is no good as well.

    Price
    -1/10
    Features
    -1/10
    Customer service
    2/10
    Convenience
    1/10
    Trust
    0/10
    Less
    Luisa, New South Wales reviewed 4 months ago
  • Overall 10/10
    Very happy customer.

    Overall very happy with ME Bank. We tried a couple of the big banks in the past but had issues. Changed to ME about 3 years ago and they have been great.

    Read full review

    Overall very happy with ME Bank. We tried a couple of the big banks in the past but had issues. Changed to ME about 3 years ago and they have been great.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Natasha, Queensland reviewed 6 months ago
  • Overall 10/10
    Well with the change.

    Great service, great products, without the hassle of a big bank.

    Read full review

    Great service, great products, without the hassle of a big bank.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Jessica, Queensland reviewed 6 months ago
  • Overall 9/10
    Superb customer service.

    When I was referred to ME Bank by a friend, I wasn't that keen as the bank did not have many branches and relied on the digital banking format. I took a leap of faith and I have not been at all disappointed. ME Bank just ticks all the boxes for me and lots of others I know.

    Read full review

    When I was referred to ME Bank by a friend, I wasn't that keen as the bank did not have many branches and relied on the digital banking format. I took a leap of faith and I have not been at all disappointed. ME Bank just ticks all the boxes for me and lots of others I know.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Lee, New South Wales reviewed 6 months ago
ME

About ME

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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