Bank Account Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Bank Accounts. We’ve compared 107 personal bank accounts for this year’s awards so if you’re after the perfect everyday account for all your spending needs, start your search right here.

Experts choice awards hero 2019

What are the Mozo Experts Choice Awards?

Now in their sixth year, the Mozo Experts Choice Awards are here to showcase the deposit products that our experts have determined to offer the best value to Australians.

For the 2019 bank account awards, Mozo’s money experts compared bank accounts from 70 financial institutions based on data contained in Mozo’s product database, looking at a range of features they judged to be key to a great account.

Everyone has different needs in their day-to-day banking, so comparing bank accounts and finding the right fit is vital. For details on how we crunched the numbers and determined the award winners see our methodology report.

Everyday Bank of The Year

ING logo

These days, Australians want more from their day to day banking than a fee-free account, and the 2019 Everyday Bank of the Year, ING, really packs a punch when it comes to added value. ATM fee rebates and free overseas transactions are just the start. ING’s full feature and easy to use mobile banking app also sets it a cut above the rest. After the judges had assessed the best everyday accounts and the best mobile apps, they realised that only one bank was a winner in both categories: ING.

Exceptional Everyday Account

To be counted among Australia’s best everyday transaction accounts of 2019, an account must not charge any account, EFTPOS or ATM fees if you’re using it as your regular account. Beyond that, it also needs to offer customers exceptional extra value like reward points, a 0% foreign exchange margin, platinum benefits or higher than average interest.

Bank of Sydney logo
Bank of Sydney

Everyday Saver Account

Bankwest logo

Hero Transaction Account

Bankwest logo

Qantas Transaction Account

BOQ Specialist logo
BOQ Specialist

Everyday Plus Account

Citi logo

Plus Transaction Account

Citi logo

Global Currency Account

ING logo

Orange Everyday

Macquarie logo

Platinum Transaction Account

Macquarie logo

Transaction Account

UBank logo

USaver Ultra Transaction Account

Up logo
Up Bank

Everyday Account

Best New Transaction Account

Citi launched the Global Currency Account in 2018. It’s a product that not only offers fee free banking, but also the ability to pre-purchase foreign currencies at Citi’s exchange rates and keep it in the account for use when shopping or travelling overseas. Customers can also make overseas purchases without having pre-purchased foreign currency, making this account unique in allowing customers flexibility in managing exchange rates.

Citi logo

Global Currency Account

Student Bank Account

When you’re studying to shape the future, you don’t want a bank account that’s stuck in the past. But fee free student banking is no longer enough to be exceptional, so to find the cream of the crop and crown the winners in this category, our experts identified no-fee Student Bank Accounts that also offer three of the most popular payment options around, PayID, ApplePay and GooglePay.

Community First Credit Union logo
Community First Credit Union

Student Starter

P&N Bank logo
P&N Bank

Student Account

Suncorp logo

Everyday Options Student

Pensioner Account

Our experts examined 45 providers of Pension Accounts to find which ones deliver the best value when you take into account fees and interest at several different levels of investment. Here are this year’s winners.

Bank First logo
Bank First

Pension Account

BankVic logo

Pension Plus

Goldfields Money logo
Goldfields Money


The Mutual Bank logo
Maitland Mutual Building Society

Retirement Account


What was the judging criteria for these awards?

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to Australian consumers. Our experts base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity. Providers don’t pay to be in the running and we don’t play favourites.

Our award methodology report is available for you to read which includes criteria for each award category and lists all providers considered for awards.

How many products were reviewed by Mozo’s experts for the Awards?

For the 2019 deposits awards, Mozo compared 455 personal banking products, including 161 savings accounts, 107 bank accounts and 62 term deposits, plus 137 business banking products and 88 SMSF products.

To better help Australians narrow down their choice there are several Mozo Experts Choice Awards Categories. Our full methodology report lists out the criteria for each awards category and provides a list of all providers compared for awards consideration.

Who are Mozo’s experts?

Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 22 years in online financial comparison.

I work for a financial provider, how can I promote our win?

Congratulations! Please get in touch with us to discuss the many ways you can promote your Mozo Experts Choice win by emailing or phoning our advertising sales team on 02 9037 4368.