Several Australian banks offer no-fee transaction accounts, with popular options including ING Orange Everyday, Macquarie Transaction Account, NAB Classic Banking, ME Bank Everyday Transaction Account, UBank Spend Account, and Up Everyday Account, though conditions (like minimum deposits or being a student) often apply to avoid monthly fees at larger banks like CommBank and Westpac. ING is known for no international transaction fees, while NAB offers a straightforward $0 monthly fee.
The following banks offer a transaction account with no account keeping fee:
Fifth Third Bank's featured, most popular checking account. All the benefits of a checking account with no monthly service charge. That's right, a free checking account! Plus, get additional time to make a deposit and avoid overdraft fees!
BMO Smart Advantage Checking. Make your money go further with our most popular checking account, with no monthly maintenance fee. Plus, get the flexibility to bank from anywhere with our digital tools and enjoy personalized service in-branch - whenever you need it. Open an online account in 5 minutes!
Several Australian banks offer accounts or cards with no international transaction fees for purchases, including Macquarie, Up (formerly Up Bank), HSBC (Everyday Global Account), ME Bank, ING (Orange Everyday), and CommBank (World Debit Mastercard), plus some NAB and Westpac options. These typically cover online/in-store purchases, but ATM withdrawal fees (from third parties) might still apply, so always check the specific Product Disclosure Statement (PDS) for details.
Even among the Category A Banks, IDFC FIRST Bank is the only Bank that charges ZERO FEES on ALL SERVICES in savings accounts, on all account variants, urban or rural, irrespective of AMB, whether Rs. 5000 (offered in Rural India), Rs 10,000 or Rs. 25,000.
With RCBC, you have the freedom to open multiple accounts without any maintaining balance requirement.
How to avoid maintenance and minimum balance fees: Banks often waive their fee if you keep a minimum amount in your account or meet other requirements such as linking checking and savings accounts.
Yes, Key Smart Checking is a free checking account with no monthly maintenance fee, no minimum balance requirement, and no minimum transaction amount. There is a $10 minimum deposit required to open this account.
To avoid Commonwealth Bank fees, you generally need to meet deposit or age criteria to waive monthly account fees (like depositing $2,000/month or being under 30), use ATMs or the app for transactions instead of staff, and maintain sufficient funds to prevent overdraws and dishonour fees, with options like Streamline Basic accounts for concession holders.
If you are an Australian tax resident and you have an account in a financial institution overseas, we will receive your information from the tax authority of that jurisdiction. All information reported under these laws is handled in the strictest confidence by the ATO and foreign tax authorities.
Great customers can often have bank fees waived if they negotiate, ask politely and have a strong history with the bank. Banks don't want to lose a valuable customer worth hundreds of dollars over a $30 overdraft fee.
But when looking at banks with a proper value proposition, FNB is once again the cheapest. This is again because of the comprehensive list of costs that are included in the monthly fee of R99. Only the purchase of electricity has an extra cost of R3. In second place is Nedbank, which was in last place in 2023.
A HISA is excellent for short-term savings and emergency funds, while a TFSA can help you save for long-term goals like retirement or a down payment on a home.
NAB Classic Banking account. Our everyday account has no monthly account fee 1 and is fast, easy to open and convenient to use.
The "2/3/4 rule" refers to an informal guideline for Bank of America (BofA) credit card approvals, limiting new cards to 2 within 30 days, 3 within 12 months, and 4 within 24 months, helping manage lending risk. It's also a term used in baby sleep training for wake windows (2 hours, 3 hours, 4 hours between naps) and in food safety (2-hour/4-hour rule for keeping food out of the fridge).
Chase Secure BankingSM: $0 Monthly Service Fee when you have $250+ in qualifying electronic deposits. Chase Mobile® app is available for select mobile devices. Special Provisions for Card Transactions (Zero Liability Protection): Chase will reimburse unauthorized debit card transactions when reported promptly.
For no international transaction fee debit cards in Australia, look at banks like Macquarie (Transaction Account), ME Bank (SpendME), ING (Orange Everyday), Ubank (Spend Account), Suncorp (Options/Essentials), and HSBC (Everyday Global), which offer 0% on purchases, though ATM withdrawals abroad might still attract local operator fees. These accounts let you spend in foreign currencies online or overseas without extra bank charges, but always check ATM fees for foreign operators.
The "15" and "3" refer to the days before your credit card statement's closing date. Specifically, the rule suggests you make one payment 15 days before your statement closes and another payment three days before it closes.
Top travel credit cards in Australia (Money.com. au's picks)