Stats crunched by Mozo Experts
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235Personal Bank Accounts
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79Banks
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2Award Categories
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
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. 235 products from 79 providers were considered.
Congratulations to:
AMP Bank GO, Australian Military Bank, Bankwest, BOQ Specialist, Commonwealth Bank, Great Southern Bank, HSBC, ING , Macquarie, ME, Suncorp Bank, ubank, and Up
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Everyday Global Account
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Orange Everyday
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Everyday Options Account
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Everyday Account
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Military Rewards Account
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Easy Transaction Account
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Everyday Plus Account
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Smart Access
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Everyday Edge Account
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Transaction Account
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SpendME Transaction Account
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Spend Account
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Everyday Account
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 2025.
Congratulations to:
Bank First, BankVic, Queensland Country Bank, and Unity Bank
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Pension Plus
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Pensioner Security Account
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Pension Account
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Pension Plus
What are the Mozo Experts Choice Awards?
Now in their Twelfth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.
For the 2025 Bank Accounts awards, we analysed 235 personal products issued by 79 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 2025 Mozo Experts Choice Bank Accounts Awards methodology report.
FAQs
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 - 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 or in many instances use a digital card right away.
What’s the Judging Criteria for the 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 Accounts Awards methodology report for more detailed information on how we performed product comparisons and determined the final Bank Accounts Award winners for 2025.
Did you compare all bank accounts in the market for these awards?
For the Mozo Experts Choice Awards, we aim to include most bank account providers in the market. However, not every financial institution or product on the market will be included in our review. Any product we review must be available 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 Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.