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 |
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| |
| none | |
| none | |
| none |
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| |
| $4.00 | |
| $0.00 | |
| 2.30% |
Apple Pay
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
Literally the worst service of any bank I’ve dealt with . Lost card , 3 weeks wait. Call them up , that’ll take 3 days , the call will drop out several times and they won’t call you back . The app is horrendous. Nil features and as basic as it comes . The only positive of banking with me is as the home loan rate , but now there not the lowest and have merged with BOQ why would you ?
Read full reviewLiterally the worst service of any bank I’ve dealt with . Lost card , 3 weeks wait. Call them up , that’ll take 3 days , the call will drop out several times and they won’t call you back . The app is horrendous. Nil features and as basic as it comes . The only positive of banking with me is as the home loan rate , but now there not the lowest and have merged with BOQ why would you ?
I've been banking with ME for at least 15 years. Their products have generally been good. However, if you're banking a cheque with ME be prepared for an extraordinarily long wait for the funds to clear. On the Monday 1st February, I deposited a cheque from NSW RMS (a motor vehicle registration refund) into my Everyday Account via the Post Office. On 6th of February the funds had not cleared so I contacted ME Bank and was informed that the cheque should clear by Tuesday 9th - 8 days! On the Tuesday the funds still hadn't cleared so I called ME again. Their reason this time was that they only have the "cheque clearance people come in twice a week" and that cheques take ten days to clear. I'm sorry but ten days to clear a cheque? This is 2021. ME Bank may be a 'small' bank in the scheme of things but really need to lift their game if they want to remain competitive.
Read full reviewI've been banking with ME for at least 15 years. Their products have generally been good. However, if you're banking a cheque with ME be prepared for an extraordinarily long wait for the funds to clear. On the Monday 1st February, I deposited a cheque from NSW RMS (a motor vehicle registration refund) into my Everyday Account via the Post Office. On 6th of February the funds had not cleared so I contacted ME Bank and was informed that the cheque should clear by Tuesday 9th - 8 days! On the Tuesday the funds still hadn't cleared so I called ME again. Their reason this time was that they only have the "cheque clearance people come in twice a week" and that cheques take ten days to clear. I'm sorry but ten days to clear a cheque? This is 2021. ME Bank may be a 'small' bank in the scheme of things but really need to lift their game if they want to remain competitive.
I joined ME Bank because of their competitive savings interest rates, which have unfortunately reduced quite a bit recently as they have at almost every bank. It is no longer the most competitive rate, so I've moved. Their app needs serious work, and is always experiencing dropouts. I'm currently on the phone with customer service trying to close the account. I've spent an hour on hold so far, wish me luck!
Read full reviewI joined ME Bank because of their competitive savings interest rates, which have unfortunately reduced quite a bit recently as they have at almost every bank. It is no longer the most competitive rate, so I've moved. Their app needs serious work, and is always experiencing dropouts. I'm currently on the phone with customer service trying to close the account. I've spent an hour on hold so far, wish me luck!
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