Key features:
The Rams Action account is fee free with no monthly account fees or minimum balance requirements.
You can withdraw money for free from any Westpac, St.George, Bank of Melbourne or BankSA ATM Australia-wide. And regular travellers will be happy to hear that even when you're overseas, getting cash out from an ATM in a foreign currency is fee free and $0 fees apply to overseas purchases.
There are also no minimum balance requirements and no daily ATM withdrawal limits.
Who it's good for:
You'll need to be over 18 years to get the RAMS action account and an Australian resident for taxation purposes with an Australian residential address.
Any catches?
Like most everyday transaction accounts the bank account doesn't pay any interest so its best to keep most of your cash in a high interest savings account and transfer it across when needed.
