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Mozo experts choice awards 2023 bank accounts

Bank Accounts Mozo Experts Choice Awards 2023

Congratulations to the 2023 winners of Mozo Experts Choice Awards for Bank Accounts.

See the winners

Stats crunched by Mozo Experts

  • 189
    Personal Bank Accounts
  • 82
    Australian Financial Institutions
  • 4
    Award Categories
View methodology report

If you’re looking for a great value bank account with features more suited to your needs, then you’ve come to the right place to begin your search. We’ve done the hard work and compared hundreds of bank accounts for this year’s awards.

Standout Winners

Mozo experts choice awards 2023 bank accounts

Banking Innovation

There were a number of interesting products and features launched in the last 12 months. After reviewing the features and benefits those products offer to consumers, the judges decided that two were worthy of recognition with Innovation awards. Suncorp launched its new Carbon Insights Account. At a time when there is increasing focus on carbon emissions it’s great to see a bank incorporate that into an everyday bank account. The account itself is outstanding enough to have won in our Exceptional Everyday Account award, but then the app adds functionality to help users get an idea of how their purchases could be impacting the environment using an estimate of carbon emissions for each purchase made. This is the first account of its type, so presents a whole new way of thinking about how our actions affect the world around us.

Congratulations to:


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Mozo experts choice awards 2023 bank accounts

Exceptional Everyday Account

This award was given to the everyday transaction and bank accounts that not only offer largely fee-free banking, but also provide extra value such as fee free banking for overseas transactions, rewards points or cashback on purchases. 116 products from 80 providers were considered.

Congratulations to:

Bankwest, BOQ Specialist, Citi, Commonwealth Bank, Great Southern Bank, HSBC, ING, Macquarie, Suncorp, ubank, Up, and Virgin Money

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Mozo experts choice awards 2023 bank accounts

Youth Bank Account

Of the 20 transaction accounts from 17 financial institutions that are designed specifically for younger customers up to the age of 24 years, our judges determined these accounts as front-runners offering lower international transaction fees than their peers.

Congratulations to:

QBANK and Suncorp

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Mozo experts choice awards 2023 bank accounts

Pensioner Account

After identifying all pensioner accounts that offer fee-free day-to-day banking, our judges chose these leading pensioner accounts to be the winners for 2023. 53 accounts from our database were considered.

Congratulations to:

Bank First, BankVic, Goldfields Money, Heritage Bank, P&N Bank, Queensland Country Bank, and Unity Bank

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What are the Mozo Experts Choice Awards?

Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.

For the 2023 Bank Accounts awards, we analysed 505 personal products issued by 92 banking providers.

“With so many bank accounts out there, choosing the right one, whether it be fee-free or have other desirable features, can be difficult for many Australians," Mozo Experts Choice Awards Judge Peter Marshall said.

“That’s the main reason why we do these awards. We’ve compared hundreds of bank accounts and done the hard work for you in finding the best value bank accounts around.”

For details on how we crunched the numbers and determined our winners, see the 2023 Mozo Experts Choice Bank Accounts Awards methodology report.

Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

  • Judge ajduncan

    AJ Duncanson

  • Judge peter

    Peter Marshall

  • Judge meredith

    Meredith Allan

  • Judge george

    George Hirst

  • Judge rumpa

    Rumpa Saha

  • Judge afia

    Afia Asha


How do I open a bank account?

Once you’ve done your homework and found the bank account that suits your needs, opening a bank account is pretty straightforward. Make sure you fit the eligibility criteria - you’re over 18, are an Australian resident and are using the account for personal purposes.

Jump online or head to your local bank branch with all the documents you need to identify yourself. This may include a drivers licence, medicare card or your passport. Fill out any online or in-person steps you need to, like providing contact and personal details. Once you’ve done this, your bank account should become active instantly. It may take a few days before your bank or debit card arrives in the mail, but you can deposit funds into the account straight away if you wish.

What’s the Judging Criteria for the Mozo Experts Choice Awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Bank Account Awards methodology report for detailed information on how we performed product comparisons and determined the final Bank Account Award winners for 2022.

Did you compare all bank accounts in the market for these awards?

We aim to include most bank account providers in the market in the Mozo Experts Choice Awards. However, not every financial institution or product in the market will be included in our review. Any product we review must be available to the general public and in the market at the time of our analysis.

Who are the Mozo Experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by email should you have any queries.