Please see a wide selection of Transaction Accounts on offer for Australian customers. You can use the user-friendly table to compare essential factors of different Transactions Accounts including the fees, rates and if there is a minimum deposit. Check to see if a transaction account is suited to you by looking at the possibilities for withdrawal, Direct Debit, Bpay and so on. What are the fees and is there a flat monthly fee? Is interest paid and if so, how much? These are all areas you might like to consider before going for one of these transaction bank accounts. Before you choose a particular transaction account make sure that you read the terms and conditions of each account so that you fully understand the rules of the account and your financial obligations.
Compare Transaction Accounts
Transaction accounts for your daily finances
A transaction account gives you easy access and managing of your money
Who can apply for a transaction account?
To open a transaction account you probably have to be a minimum of 18 years old and a full Australian resident.
How does one open a transaction account?
It is possible to open a transaction account at a branch of the bank or building society, but it can be done comfortably online as well. You will have to provide documents to prove your identity and your full address.
How much does a transaction account cost?
The fees for a transaction account vary from bank to bank and it is worth checking different account providers to see what they charge. Sometimes this can be a monthly maintenance fee, sometimes there will be transaction fees, or you will be charged when you withdraw money from a cash machine.
How to manage a transaction account?
To manage an account is easily done online, but it always is important to check your statements to protect yourself from fraud. It is possible to access your money from around the world, make payments and move money around from the comfort of your own chair.
How to find the best transaction account
On the chart above you will see a list of transaction accounts on which your money will be safe, and which you can open online in a few easy steps. Compare their terms and conditions, check their fees and account limits and read the small print before you apply.
Does one need a savings account as well?
On a transaction account you probably will receive interest payments if you are in credit, but this will not be much. If you want to save money and make it grow, then it is worth putting some money on to a savings account regularly and take advantage of the much higher interest you will be paid there.
How to compare transaction accounts?
If you are like most people, you use your bank account on a daily basis with little thought about whether it is the most suitable product on the market for you. It doesn’t necessarily have to be this way though so it is worth investigating the various transaction accounts on the market. Which transaction account is suitable for you? There is no easy answer to this question, what suits you and your family might not necessarily be suitable for you. In order to compare the various transaction accounts, you need to look at the way that you spend. The best way to do this, is to look into the last few bank account statements that you have or look online and determine what you spend and how much. This will give you valuable information on your spending habits and help you realise which account is best for you.
25 November 2010
Which Way To Pay
The Australian Green party wants the Government to force Australian lenders to offer fee free transaction accounts, and to limit interest rate changes to simply tracking the central bank’s rate decisions for the next couple of years.