AMP Access Account

$0.00

rediATM

Visa Debit or
EFTPOS

AMP Access Account Review

Rates and fees information correct as at 8 December 2016.

Review published: 21 May 2015

What's hot:

  • No account keeping fee, No minimum balance

  • Free access to rediATM network

  • Mozo Experts Choice Awards Winner 2016

What's not:

  • $5.50 overseas ATM fee

Mozo snapshot:

The AMP Access Account gives you hassle free access to your money through rediATM, one of the largest ATM networks in Australia, and there are no domestic electronic, cheque, phone and Bank@Post fees. Plus, the AMP Access Account comes with no monthly account keeping fee. Is it any wonder it was awarded a Mozo Experts Choice Award for Best Value Bank Account?

Key features:

With a daily withdrawal limit of $1,000 and free access to over 3,000 rediATMs Australia wide, the AMP Access Account will ensure you won’t have to walk too far to get cash out.

Not only will you have great ATM access in Australia, you’ll be able to use your linked AMP Visa Debit card anywhere Visa is accepted globally and “tap and go” with the Visa payWave functionality for any contactless purchases under $100. Your card is covered under Visa’s zero liability insurance which means you are protected for any unauthorised transactions (conditions apply).  

Despite not having branch access with the AMP Access Account you can easily manage and review your account from any device via BankNet, mobile banking and BankPhone. You also have the added convenience of using Bank@Post, where you can make deposits and withdrawals, check your account balance and pay credit card bills at Australia Post, both online and over the counter at one of the 3,200 post offices across Australia.

Like most transaction accounts in Australia, there’s no interest rate, so make sure you keep the bulk of your money in a high interest savings account. If you’re looking for a savings account with a competitive interest rate, search the Mozo database here.

Who it's good for:

With no account keeping fee and a generous ATM network, the AMP Access Account is a good transaction account.

Any catches?

Keep in mind, like many bank accounts in Australia, the AMP Access Account is not specifically designed for overseas purchases and shopping online because the debit card comes with a hefty $5.50 overseas ATM withdrawal fee and an added 2.5% foreign exchange fee. If you’re in the market for some travel-friendly plastic, check out our travel money hub.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • none

Fees

  • $0.00

  • none

  • Unlimited free transactions from rediATM, EFTPOS, cheque, phone, internet, cheque and Bank@Post deposits.

  • $0.00

  • rediATM

  • $0.00

  • none

  • none

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.50

  • 2.50%

  • $0.00 monthly

Other financial bits

  • $0.00

  • $0.00

Features

  • $1,000.00

  • yes

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • none

  • none

Atm card

  • $5.50

  • $1.50

  • 2.50%

Debit card

  • $5.50

  • $1.50

  • 2.50%

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