Compare Bank Accounts in Australia

Live offers across tracked providers in Australia — updated daily from the Giraffy database.

Live offers

51 live offers compared from 18 providers, from A$0 /month. Updated daily.

CommBank Smart Access CommBank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Big-4 reliability
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

NAB Classic Banking NAB

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: No monthly fee
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Westpac Choice Account Westpac

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Everyday banking
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

ANZ Access Advantage ANZ

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Widespread ATM
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Macquarie Transaction Account Macquarie Bank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: 0% FX fee
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

ING Orange Everyday ING

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: ATM rebates
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

ubank Spend Account ubank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Digital-first
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

St.George Complete Freedom St.George Bank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Regional bank
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Bankwest Easy Transaction Bankwest

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: WA focused
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Virgin Money AU Transaction Virgin Money AU

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Rewards linked
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Beyond Bank Everyday Account Beyond Bank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Member-owned
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

BOQ Day2Day Plus Account BOQ

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Regional bank
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Heritage Bank Transaction Heritage Bank AU

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: QLD community
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Bendigo Bank Every Day Account Bendigo Bank

A$0 /month

  • Monthly Fee: Free
  • Overdraft: Available
  • Key Feature: Community bank
  • Account Type: Transaction
  • Tutela del deposito: AFCS — up to A$250,000

Westpac Plan Westpac

A$4 /month

  • Provider: Westpac

Tailored variable rate with offset NAB

A$8 /month

  • Data: Unlimited
  • Provider: NAB

Interest rate NAB

A$8 /month

  • Data: Unlimited
  • Provider: NAB

ANZ Business Extra ANZ

A$10 /month

  • Data: Unlimited
  • Provider: ANZ

Westpac Business Account Westpac

A$10 /month

  • Provider: Westpac

NAB Plan NAB

A$20 /month

  • Rate: 5.25%
  • Provider: NAB

Win Grand Final box seats for you and 3 mates Westpac

A$20 /month

  • Provider: Westpac

You could earn $50 with us! Westpac

A$50 /month

  • Provider: Westpac

A bank account for your every need Westpac

A$50 /month

  • Provider: Westpac

Kids and teens Westpac

A$50 /month

  • Provider: Westpac

You could double your $50 when you deposit $50 Westpac

A$50 /month

  • Provider: Westpac

New to Australia Westpac

A$50 /month

  • Provider: Westpac

Spend $50 and you could get $50 cashback Westpac

A$50 /month

  • Provider: Westpac

Weekly repayments of $82 Westpac

A$82 /month

  • Rate: 7.29%
  • Provider: Westpac

Westpac Unsecured Personal Loan Westpac

A$82 /month

  • Rate: 7.29%
  • Provider: Westpac

Your bank account options ANZ

A$100 /month

  • Rate: 5.10%
  • Provider: ANZ

ANZ Plus ANZ

A$100 /month

  • Rate: 5.10%
  • Provider: ANZ

$100 Welcome Offer (Welcome Offer or Offer): Westpac

A$100 /month

  • Provider: Westpac

Weekly repayments of $144 Westpac

A$144 /month

  • Rate: 6.49%
  • Provider: Westpac

Westpac Car Loan Westpac

A$144 /month

  • Rate: 6.49%
  • Provider: Westpac

Weekly repayments of $191 Westpac

A$191 /month

  • Rate: 6.49%
  • Provider: Westpac

Westpac Electric Car Loan Westpac

A$191 /month

  • Rate: 6.49%
  • Provider: Westpac

Weekly repayments of $199 Westpac

A$199 /month

  • Rate: 6.49%
  • Provider: Westpac

Westpac Hybrid Car Loan Westpac

A$199 /month

  • Rate: 6.49%
  • Provider: Westpac

Weekly repayments of $200 Westpac

A$200 /month

  • Rate: 5.74%
  • Provider: Westpac

Electric Car loan Westpac

A$200 /month

  • Rate: 5.74%
  • Provider: Westpac

Hybrid car loan Westpac

A$200 /month

  • Rate: 6.49%
  • Provider: Westpac

CommBank Everyday AU CommBank

Price on request

  • Monthly Fee: AUD 4/mo (waived with AUD 2k/mo or age ≤17/student)
  • Overdraft: Overdraft available (CommBank Personalised)
  • Key Feature: Australia's #1 bank; 1,000+ branches; NetBank + app
  • Account Type: Transaction account
  • Tutela del deposito: AFCS — up to A$250,000

ANZ Plus / Access Account AU ANZ

Price on request

  • Monthly Fee: AUD 0 (ANZ Plus app) or AUD 5/mo (Access Advantage)
  • Overdraft: Overdraft facility available (Access Advantage)
  • Key Feature: ANZ Plus: 5% AER linked savings; no foreign fees; ANZ GoMoney
  • Account Type: Transaction account (2 tiers)
  • Tutela del deposito: AFCS — up to A$250,000

Westpac Choice Account AU Westpac

Price on request

  • Monthly Fee: AUD 5/mo (waived with AUD 2k+ monthly deposit)
  • Overdraft: Overdraft facility (Westpac credit)
  • Key Feature: Big-4 bank; 3,000+ ATMs; Westpac Rewards integrations
  • Account Type: Transaction account
  • Tutela del deposito: AFCS — up to A$250,000

NAB Classic Banking AU NAB

Price on request

  • Monthly Fee: AUD 0/mo (no conditions)
  • Overdraft: No overdraft
  • Key Feature: NAB's #1 free account; 3,000+ ATMs; tap & pay card
  • Account Type: Transaction account
  • Tutela del deposito: AFCS — up to A$250,000

ubank Spend Account AU ubank

Price on request

  • Monthly Fee: AUD 0/mo
  • Overdraft: No overdraft
  • Key Feature: 5.1% AER linked to ubank Save account; 100% digital; NAB ATMs
  • Account Type: Transaction account (app only)
  • Tutela del deposito: AFCS — up to A$250,000

ING Everyday Orange AU ING

Price on request

  • Monthly Fee: AUD 0/mo (with conditions for ATM rebates)
  • Overdraft: No overdraft
  • Key Feature: 0% foreign-use fee (with AUD 1k+ deposit + 5+ card uses/mo); ATM rebates
  • Account Type: Transaction account (Direktbank)
  • Tutela del deposito: AFCS — up to A$250,000

Teachers Mutual Bank Account Teachers Mutual Bank

Price on request

MyState Bank Transaction Account MyState Bank

Price on request

Great Southern Bank Transaction Account Great Southern Bank

Price on request

Suncorp Bank Everyday Account Suncorp Bank

Price on request

What is an everyday bank account in Australia?

An everyday bank account, or transaction account, is where you receive your income and pay for daily spending. It comes with a debit card, online and mobile banking, and access to real-time payments via the New Payments Platform using a PayID. Most Australians hold a transaction account for spending alongside a linked savings account for money they want to grow, moving funds between the two through their banking app.

How the Australian market works

The big four banks hold most everyday accounts, but digital banks such as ubank and ING have won customers with no monthly fees and no overseas-transaction charges. Australia's New Payments Platform enables instant transfers between banks using a phone number or email as a PayID, replacing slower overnight transfers. Competition has pushed many providers to drop account-keeping fees entirely, so paying a monthly fee for a basic transaction account is now largely avoidable.

Benefits of a good transaction account

Fee-free everyday banking — Many accounts now charge no monthly fee and no ATM fees at major networks, keeping day-to-day banking free.

Instant payments — PayID and Osko transfers move money between banks within seconds, day or night, including on weekends and holidays.

Digital wallets — Cards link to Apple Pay and Google Pay, and app controls let you freeze a card, set spending limits or block gambling transactions instantly.

How to choose an account

Look for no monthly fee, fee-free ATM access and, if you travel, no foreign-transaction fees on card spending overseas. Assess the quality of the mobile app, its budgeting and spending-insight tools, and how quickly the provider handles fraud and disputes. Check whether any conditions apply, such as a minimum monthly deposit to waive fees, and whether the account links neatly to a high-interest savings account with the same bank.

Leading providers in Australia

The comparison features Westpac, ANZ, NAB, CommBank, ubank, ING, Teachers Mutual Bank and Macquarie Bank. The big four offer extensive branch and ATM networks for those who value in-person service, ubank and ING lead on fee-free digital banking, and customer-owned Teachers Mutual appeals to members seeking a mutual, profit-for-members model. The right account depends on whether you value branches, app quality or the lowest possible fees.

What it costs

Everyday accounts commonly have no monthly fee, so the range in this comparison, from A$0 to A 99, largely reflects optional or premium bundled products rather than a base cost. Where fees exist they may be waived by meeting a monthly deposit condition. Watch for overseas-transaction fees, overdrawn fees and any ATM charges outside the provider's network, as these are where costs typically creep in. If you travel often, an account that rebates or waives foreign-transaction fees can save far more over a year than a small monthly fee elsewhere, so consider your spending habits, not just the headline price. Linking your transaction account to a high-interest savings account with the same bank also makes it easy to move surplus funds across and earn interest rather than leaving them idle.

Protections and regulation

Deposits with APRA-authorised banks are guaranteed up to A$250,000 per account holder, per licensed institution, under the Financial Claims Scheme. Banks are regulated by APRA for stability and ASIC for conduct, and follow the Banking Code of Practice. The ePayments Code governs liability for unauthorised electronic transactions, protecting you in most fraud cases, and unresolved disputes can go to AFCA free of charge.

Common questions

What is a PayID? — It links your account to a phone number or email so others can pay you instantly without needing your BSB and account number.

Is my everyday balance protected? — Yes, up to A$250,000 per person, per licensed Australian bank under the government's Financial Claims Scheme.

The cheapest Bank Accounts in Australia is A$0 /month from CommBank.

Bank Accounts in Australia — FAQ

What documents do I need to open a bank account in Australia?

Typical requirements are a government-issued photo ID (passport or national ID card) and proof of address (utility bill or bank statement dated within 3 months). Some banks in Australia also require a proof of income or an employment letter. Digital-only banks often verify identity entirely via an app — no branch visit needed.

Can I open a bank account online without visiting a branch?

Many banks in Australia now offer fully digital account opening via their app or website, completed in minutes. You'll upload your ID documents and in some cases do a short video verification. Traditional high-street banks may still require an in-person appointment for certain account types.

Are my deposits protected if a bank fails?

Yes — the Financial Claims Scheme (FCS) protects up to A$250,000 per account holder, per bank. Check that your chosen bank is APRA-regulated before depositing. If you hold more than the limit, spread balances across separate banking licences to keep everything covered.

What is the difference between a current account and a savings account?

A current account is for everyday spending — it comes with a debit card, direct debits, and a local bank identifier (sort code, IBAN, or BSB depending on your market). A savings account is designed to hold money you don't need immediately and usually pays a higher interest rate, but may limit the number of monthly withdrawals.

What is a challenger bank and is it safe?

Challenger banks are digital-first institutions — examples include Monzo, Revolut, and N26 across Europe, Chime and SoFi in the US, and neobanks like STC Pay in the Gulf. They're generally safe — most are APRA-regulated and offer the same deposit protection as traditional banks — but check the specific licence before depositing large sums.

How long does it take to open a bank account?

Digital accounts typically open within 10–30 minutes once your identity is verified. Traditional bank accounts may take 1–5 working days after in-branch verification. International or business accounts sometimes take longer due to enhanced due diligence requirements.

Do bank accounts charge monthly fees?

Giraffy tracks 5 current account options across CommBank,NAB,Westpac,ANZ,Macquarie Bank banks in Australia. Many accounts are free; premium or packaged accounts charge a monthly fee and include benefits like travel insurance or breakdown cover. Filter by 'No Monthly Fee' to find free options.