If you pay fees for everyday banking – you’re losing out! If you aren’t aware there are some interesting products out there if you need a transaction account or looking to switch. You could be missing out on some perks that may not even be available through your current bank.
Avoiding fees to begin with
Most of the big banks will be charging you $5.00 just to hold an account with them but at least most will waive this if you have $2000 coming into your account monthly.
If you rely on going into an actual branch to talk to a person over a counter to do your banking, you’re indirectly paying for it – but honestly, who does that still?!
But why bother when there are other banks that don’t like these:
- ING Direct – Orange Everyday
- UBank – USaver Ultra
- Citibank – Citibank Plus
Each of these banks have certain perks attached; but largely they don’t have branches that you walk into (maybe except for Citibank if you’re in a major city). Do everything online, and for those rare occasions you need to do some face to face banking, you can Bank at Australia Post or partner institutions (but check with your bank).
I think these are some really good offers, depending on what your mission is. Each play out a little differently:
If you spend smaller amounts frequently (and on Paywave) 2% back can add up to several hundreds of dollars in a year. Orange Saver is your best bet.
So you probably won’t be spending it, and want to get the best rate on the market. USaver it! Some extra account features to help you out too.
I don’t think you can look past a Citibank Plus account; especially with Citibanks extensive global network; but it’s the fee free banking which saves.
So there you have it. You can now save some time and transact easy!
Disclaimer: This information is general in it’s nature and does not consider your situation or needs. Always check with the bank to see the most up to date information and other terms and conditions.
Chris does not endorse any particular brand and always recommends you choose the product that best suits your needs.