Best Transaction Account

Your transaction account is the one you will use everyday, it is where you have your salary deposited, it is the account your mortgage is debited from and it is the account linked to your credit card which allows you to buy securely online or over the phone. But are you using the best transaction account possible?

The best transaction account will:

• Not charge you fees for the transactions you use the most.
• Make it easy to access your funds in a way which suits you.
• Make it easy to pay your bills using the methods you prefer.
• Fit into your lifestyle.

Why You Need to be Using the Best Transaction Account

Finding the best transaction account is important not only for your financial health, but also for your mental health too, using the wrong account can be frustrating, tiresome and time consuming, and you don’t need any more reasons to add even more stress to your already full life do you?

Transaction Accounts Comparison

Savings Account	Account Details	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Balance/Min Deposit
HSBC Day to Day Transaction Account	Get $10 every month, No monthly account keeping fees, plus unlimited ATM withdrawals and EFTPOS transactions	0.00%	0%	0.00%	$0	$0 / $0
NAB Classic Banking	Zero monthly fees and no minimum deposit required. Receive the NAB Visa Debit card at no extra cost.	0.01%	0.01%	0.00%	$0	$0 / $0
Citibank Plus Transaction Account	No monthly fees and unlimited transactions free of charge.	0.00%	0.00%	0.00%	$$0	$0 / $0

How the best transaction account can help you:

• With a transaction account which suits your needs you won’t pay any fees. It is possible to operate a transaction account fee free as many banks will offer everyday accounts with a set monthly fee which covers all of the transactions you like to make.
• The best transaction account will be there when you need it. When you choose the best transaction account for your needs, then it will be there to meet those needs, when you need it. For example, if you need to make a lot of purchases for work, you need a transaction account with a linked credit card to easily track the purchases you need to be reimbursed for. Or, if you do a lot of travelling you need a transaction account which includes interstate and international transactions for free.
• The right transaction account can save you time. We’d all like some more time right? Well don’t spend time waiting in line to change your PIN when you can choose a transaction account which lets you do that online or over the phone. Don’t waste time with a transaction account from a bank which leaves you on hold, when you can choose to work with a bank which has a 24 hour call centre, and one based in Australia.
• The best transaction account will save you money. Not only can you save on fees when you choose the right transaction account, but the best transaction account will also help you save by linking directly to a high interest savings account. Online savings accounts can generally be linked to any Australian transaction account, but if you choose a high interest savings account and a transaction account from the same bank, you can make instant deposits to your savings, and log into just one internet banking site, and speak to just one banking representative.

Which is the Best Transaction Account For You?

Finding the best transaction account for you, depends on who you are because each person uses their money differently, and values different features and benefits over others. So, while you know your spending and savings habits better than we do, we can help you compare the transaction accounts which best suit those habits.

Are you:

• A paren’t wanting to teach your kids about money? Then open them a simple transaction account with an EFTPOS and ATM access card and one which allows a few branch deposits in a month too. This way your kids have the freedom to go to McDonald’s on the way home from school or to the movies with their friends on the weekend, and they can easily deposit any extra cash they get as a gift, or as pocket money.
• Young, working hard, spending everything you earn? Then you need a transaction account which doesn’t charge you any fees in your busy lifestyle because one week you could be buying coffee on your way to work and the next week you could be putting the catering for your presentation meeting on your credit card. There are a number of transaction accounts you could compare to give you access to your money quickly and easily, but don’t you want a transaction account which encourages you to save too? (The answer is yes, by the way.) Well look for a transaction account from a bank with a rewarding online savings account as these accounts can be easily linked, and many high interest savings accounts will reward you for regular deposits of as little as $100 a month, less than you spend in coffee.
• A busy paren’t? Then you don’t need to be dragging the pram around from branch to branch to do your banking, and nor do you need to worry about losing your purse or wallet if you’re distracted by the kids, because you don’t have to carry cash when you are using the right transaction account. The best transaction account will allow you to pay for everything with EFTPOS or credit and may even offer you companion credit cards so you can still pay with plastic no matter which cards are accepted. Plus you can choose a transaction account which doesn’t charge you for internet banking, phone bill paying and online transfers.
• Retiring? Retired? Then you know how important it is to keep an eye on your money so you should compare the transaction accounts with a set monthly fee, this means you know from the beginning how much you will be spending on bank fees, and there are no nasty surprises when your statement comes. Some banks will even offer specialised transaction accounts for pensioners which waive the monthly fee.

Choosing the best transaction account is easy when you know what you’re looking for, so use the Savings Account Finder™ comparison tables to see which transaction accounts are available to you. You can then start making the most of your money within minutes, as many banks will allow you to apply for a new transaction account online or over the phone, just follow our secure links to find out how.