Account fee
$0.00
Payment options
Interest rate
0.01% p.a.

Mozo editorial review RAMS Action Account

Last updated: 23 March 2020.

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What's hot
  • No account keeping fees
  • No minimum balance
What's not
  • 0.01% p.a. interest rate
Mozo snapshot

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. 

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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 as well as no daily ATM withdrawal limits. 


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Who is it 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.

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Any catches

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. 

Details

Rates and fees information correct as at 1 December 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: 0.01% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited ATM withdrawals from Westpac Group ATMs, EFTPOS, BPay and internet transactions.

  • $0.00

  • Westpac, St George, Bank of Melbourne, BankSA

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • n/a

  • n/a

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • no

  • no

  • no

  • yes

  • yes

  • none

  • none

Atm card
  • $0.00

  • $0.00

  • 0%

Debit card
  • none

  • none

  • none

Payment options

Customer Reviews

How are RAMS bank accounts rated by the Mozo community?

Overall
6.9/10
Price
6.8/10
Features
4.5/10
Customer service
7.7/10
Convenience
6.0/10
Trust
7.2/10

Latest reviews of RAMS Action Account

  • Overall 5/10
    Good but not great.

    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 review

    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.

    Price
    7/10
    Features
    2/10
    Customer service
    8/10
    Convenience
    2/10
    Trust
    8/10
    Less
    Kim, Victoria reviewed 7 days ago
  • Overall 1/10
    ATM withdrawal limit is low

    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 review

    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.

    Price
    1/10
    Features
    1/10
    Customer service
    6/10
    Convenience
    1/10
    Trust
    3/10
    Less
    G, Victoria reviewed 3 months ago
  • Overall 10/10

    O

    Price
    -1/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Andy, Queensland reviewed almost 4 years ago
  • Overall 9/10
    Easy to use, simple

    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 review

    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!

    Price
    10/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Tom, Western Australia reviewed over 7 years ago
RAMS

About RAMS

RAMS home loans believe in the Australian dream of owning your own home and aim to make this dream come true. With their flexible options and innovative products, RAM home loans is making the dream a reality. RAMS home loans aim to provide home loan solutions to meet many different needs, including low deposit loans, no deposit loans, low doc loans, line of credit loans and low rate loans for members Australia wide.

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