Best bank accounts in Australia

The best bank account will help you manage your everyday spending with low fees and easy access to your money.

Cashback offers
Finder Award
This account offers 2% cashback on tap and pay purchases under $100 when you tap and pay using your Visa Debit Card, Apple Pay or Google Pay (T&Cs apply).

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Time for a new bank account? Whether you're looking for a bank account with no account keeping fees, a cashback offer, contactless payment features or the ability to hold multiple currencies, you'll find a bunch of great options here.

What does the best bank account look like?

The best bank account will usually have some or all of the following features:

  • No account keeping fees, or an option to easily have the account fees waived
  • A range of different payment options available
  • No monthly deposit conditions (or if there are some, ones that are easy to meet)
  • A good mobile banking app to manage your account 24/7
  • Extra perks such as cashback offers, points or special bonus offers

Your search for the best bank account starts here

1 - 6 of 6
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Pay no account keeping fees, no overseas ATM fees and no foreign transaction fees plus see your other bank accounts, super and investments all within your ubank app.
Finder AwardApple Pay Google Pay10 Currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Earn 2% cashback on tap and pay purchases.
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
loading
Showing 6 of 6 results

There's no single bank account that's best for everyone as all our needs are different – and what's best for you might not be best for someone else.

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Some of the top bank accounts for 2023

To make it a little easier for you, we've picked a few of the best accounts based on specific features:

  1. Bank accounts with cashback offers or extra perks
  2. Bank accounts with no fees
  3. Bank accounts with good savings rates or tools
  4. Bank accounts designed for travel
  5. Bank accounts with smaller sub-accounts
  6. Bank accounts for students or young people

Bank accounts with cashback offers or extra perks

Looking for a little something extra from your bank account? Here are a few account options to consider.

Public

HSBC Everyday Global

Earn 2% cashback on tap and pay purchases under $100 when you deposit $2,000 a month.

Public

Virgin Money Go Account

Earn 8 Virgin Money Points for each purchase when you deposit $1,000 a month (or $1,000 if you're over 25) and make 5+ purchases a month.

Public

ING Orange Everyday

Earn 1% cashback on utility bills when you deposit $1,000+ and make 5+ card purchases a month.

Public

Macquarie Transaction Account

Earn 4.25% on your transaction account balance, with no conditions to meet.

Bank accounts with no fees

There are lots of bank accounts that charge no account keeping fees, but here are some that go further.

Public

Macquarie Transaction Account

Pay no account fees, no international fees and get refunds on all Australian ATM fees.


Public

UBank Spend Account

Pay account keeping fees, no overseas ATM fees, no international transaction fees.

Bank accounts designed for travel

Public

HSBC Everyday Global

Hold 10 currencies in the one account and pay no international transaction fees.

Bank accounts with savings rates and tools


Public

ANZ Plus Account

The ANZ Plus app gives you an overview of your monthly spending, compares your spending month to month and lets you set up and track up to 99 savings goals. Plus, you can earn up to 4.5% p.a. on your ANZ Save balance.

Public

Macquarie Transaction Account

Earn 4.25% on your transaction account balance, with no conditions to meet.

Bank accounts with smaller sub-accounts


Public

Suncorp Everyday Options Account

Link up to 9 sub-accounts to your Everyday Options Account to help you manage your budget.

Bank accounts for students or young people

Public

Westpac Choice Student

No account keeping fees full-time tertiary students and customers under 30 years old. Plus, if you're under 14 you can open the account and get a Handycard instead of a debit card.


Public

MyState Glide Account

This account can be opened online for those aged 14 and older (not 18 as with many other accounts) and charges no account fees or local ATM fees.

How to find the best bank account for you

Consider the following features when researching your options to help you find the best bank account for you.

Public

Account fees

Look for a bank account with no monthly account-keeping fees. If there are account fees, ask yourself if there are any extra features with the account to justify the fee.

Public

Deposit conditions

If there are monthly deposit conditions to meet, make sure it's an amount that you're comfortable with.

Public

Account access options

If you like to bank in branch, the best bank account for you will likely be one that has branch access (as some online banks don't). Or, if you do all your banking on your phone, check that the bank account can be accessed via a good mobile banking app.

Public

Overseas fees and charges

If you like to travel regularly, the best bank account for you could be one that doesn't charge overseas ATM fees and international transaction fees.

Public

Linked savings account

If you're planning to open a linked savings account with the same bank, it's a good idea to look for one with a competitive interest rate.

Public

Payment options

Make sure the bank account offers the payment options that you want. Thse might include BPAY, Apple Pay, Google Pay, Samsung Pay, PayID, tap and go with Visa payWave or Mastercard PayPass.

Public

ATM access

If you use cash and cheques, a bank account with a large ATM network and smart ATMs that accept cash and cheques might be best for you.

Public

Joint account options

The best bank account for couples or friends who both want access to the account is a joint account.

Frequently asked questions

How does Finder choose its bank account top picks?

At Finder, we've been comparing bank accounts for more than a decade. Using the product data we've collected, ongoing consumer testing, customer surveys and many (many!) account comparisons, we've assessed accounts in our panel based on a few key features that we know you care most about to bring you our picks. While we haven't looked at all accounts in the market, we're confident our picks are strong offers.

You can see what we've considered when choosing the top pick for each category below.

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Why you can trust Finder's banking experts

free

We're free

Our comparison tables are completely free to use. We link you directly to the bank's secure application page. On a daily basis we update the rates, fees and conditions of the 200+ accounts on our database.
expert advice

We're experts

We've researched and rated hundreds of accounts as part of our Finder Awards. We've published 100+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.
independent

We're independent

Unlike other comparison sites, we're not owned by a bank or lender. That means our opinions are our own and you can compare nearly every bank account in Australia on Finder.
help

We're here to help

Since 2015, we’ve helped over 1.3 million Australians find an account by comprehensively comparing rates, fees and account features. We'll never ask for your personal information. We're here to help you make a decision.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

18 Responses

    Default Gravatar
    ianApril 5, 2023

    Looking for an internet style of banking where i can use my older laptop..Any banking places i can do that with..

      Avatarfinder Customer Care
      RajApril 6, 2023Staff

      Hi Ian,
      Thanks for contacting Finder.

      Most banks on our comparison table have Internet banking and banking apps. You can click on the “more info” button from the table to find more information regarding the features of any particular bank you are interested in.

      Thanks
      Raj

    Default Gravatar
    BobMarch 2, 2023

    We own our house, with no mortgage, my wife is retired and i work full time. As i am planning for retirement “Two Years” what is the best everyday bank for us. We are currently with ANZ

      Avatarfinder Customer Care
      AlisonMarch 2, 2023Staff

      Hi Bob,
      Thanks for reaching out to Finder. We’re a financial comparison site and are unable to give you any personal advice or product recommendations. You can use the table on this page to browse a range of bank account options and find one that might suit you best.

      Thanks,
      Alison

    Default Gravatar
    mosesFebruary 10, 2023

    request for financial assistant for poverty

      Avatarfinder Customer Care
      SarahFebruary 20, 2023Staff

      Hi Moses,

      If you need some help, reach out to the National Debt Helpline. They produce many helpful guides are based on the experience of financial counsellors who provide free information & advice. Contact them at: https://ndh.org.au/

    Default Gravatar
    BrianNovember 21, 2022

    where do I get a bank account that has cheques available.

    Default Gravatar
    JakeOctober 26, 2022

    I’m looking to open a bank account with a different bank that my home loan is with (st george). One that I will hopefully rarely withdraw from but may only put up to $500 a month. Would like no account keeping fees, won’t need an access card. What option is best?

      Avatarfinder Customer Care
      AlisonFebruary 22, 2023Staff

      Hi Jake,
      Thanks for reaching out to Finder. We’re a financial comparison site and while we can help you compare your options, we can’t give you any personal advice or suggest products for you.

      Based on what you’re looking for (an account to make deposits but limited withdrawals, and no debit card required) you may even be interested in a savings account instead of a bank account. You can take a look at some options here: https://www.finder.com.au/savings-accounts

      Thanks,
      Alison

Go to site