I only have my savings account with AMP due to the interest rate. I wouldn't use them as my everyday account. It takes way too long for the money to clear. Not to mention transferring someone money takes hours.
I have been recommending AMP's Bett3r accounts for the past year to all my family and friends. I am just loving the app that is connected to the accounts. You can let the app know about all your upcoming bills and savings into the future and each week it will set money aside for them. This has helped our family to better budget each week and we would never be without it. Thanks AMP for a fantastic account.
Along with being one of the worst performing superannuation funds, AMP's banking arm is nothing short of disgraceful. 8 days to clear a bank cheque. I was told it was because of being deposited at Aus Post.
Attracted to the 2% interest rate for 6 months, so opened saver account late June. Had online access to the account but then after a few days could no longer view the account. Rang several times, each time 'referred to IT support' but still not fixed as at 29/07. Over 10+ years I had opened 30+ accounts with various institutions for SMSF & personal accounts, and this is the first time I've had so much trouble with such a basic need as viewing an account online. So for balances, transfers etc I have to phone. Front line people very sympathetic and efficient, just the technical support/problem resolution aspect is lacking.
I think AMP has become one of the best banks just because they have faced so many challenges in the last year. They have really had to change and have now proved themselves worthy of taking care of my money with very good interest rate and service.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
Want more? Compare all 101 bank accounts in the Mozo comparison engine.Compare more bank accounts
Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.