The RAMS Action account is a great everyday bank account, with combined Debit Card to have in your wallet whether you're shopping at home or overseas. With no ongoing account keeping fees, $0 overseas ATM withdrawal fees and a 0% foreign exchange fee, it's the type of account that lets you know you're in good hands.
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 (although the ATM network in question may charge a fee). Plus $0 fees apply to overseas purchases.
There are also no minimum balance requirements as well as no daily ATM withdrawal limits.
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.
Like most everyday transaction accounts the bank account doesn't pay a lot of interest, so its best to keep most of your cash in a high interest savings account and transfer it across when needed.
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Balances from $0: 0.01% 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 ATM withdrawals from Westpac Group ATMs, EFTPOS, BPay and internet transactions. |
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$0.00 |
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Westpac, St George, Bank of Melbourne, BankSA |
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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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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$1,000.00 |
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yes |
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no |
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no |
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no |
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no |
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yes |
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yes |
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none |
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none |
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$0.00 |
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$0.00 |
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0% |
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none |
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none |
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none |
It’s a good financial institution. However, I’d like it if they had a visa debit card, it’s annoying that I need to keep my credit cards with my other banks. Customer service it great, but I have no branches near me so there is a delay to deposit money if I bank it with their affiliated bank.
Read full reviewIt’s a good financial institution. However, I’d like it if they had a visa debit card, it’s annoying that I need to keep my credit cards with my other banks. Customer service it great, but I have no branches near me so there is a delay to deposit money if I bank it with their affiliated bank.
ATM withdrawal limit is low and also Rams does not have payid or Osko. You cannot have access to your funds in an emergency, especially if it is weekend. If you guys don’t have branches, at least provide decent turn around times for transfers and for god sake start NPP.
Read full reviewATM withdrawal limit is low and also Rams does not have payid or Osko. You cannot have access to your funds in an emergency, especially if it is weekend. If you guys don’t have branches, at least provide decent turn around times for transfers and for god sake start NPP.
RAMS online saver was great. Simple, easy, no fees and user friendly online service. I couldn't ask for any more, apart from a higher interest rate!
Read full reviewRAMS online saver was great. Simple, easy, no fees and user friendly online service. I couldn't ask for any more, apart from a higher interest rate!
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