Go To
$6*
Monthly
$0
Over 3,000 rediATMs
Visa
Pros
- Linked Visa debit card available
- App banking available
Cons
- You must deposit at least $1000 into your account each month for no monthly account fees
- $5 Overseas ATM Withdrawal Fee
- 2.5% fees apply for overseas transactions
Minimum opening amount $0 | Internet banking Facility |
Minimum balance | App |
Min. deposit for fee free $1k | Branch Access |
Min. age restrictions 16 years old | Overdraft Facility |
Max. age restrictions N/A | Free counter transactions |
Linked Account | Daily ATM withdrawal limit $1,520 |
Joint application available | Interest Calculation Frequency Daily |
Cheque services | Interest payment frequency Semi-annually |
ATM access | Min. balance to activate rate |
EFTPOS Facility |
Account Keeping Fees $6* Monthly | Cheque dishonour fee $12 |
Internet transaction fee $0 | Counter deposit fee $0 |
EFTPOS Fee $0 | Counter withdrawal fee $2.5 |
Cheque fee $0 | Foreign transaction fee 2.5% |
Phone transaction fee $0 | ATM withdrawal fee $0 |
Overseas eftpos fee | Network bank atm fee waiver $0 |
Overseas atm withdrawal fee $5 | Other bank atm withdrawal fee |
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FAQs
You can close your Commonwealth Bank account at any branch, provided you have appropriate identification. You can also close your account over the phone, by calling 132 221, 24 hours a day.
You can cash a cheque without a bank account if you visit the bank that issued the cheque. For example, if somebody sends you a cheque from Bank X (as written on the cheque) and you visit Bank X, it’s likely that Bank X will let you cash the cheque – provided the person who wrote the cheque has enough money in their account. Bank X would probably charge you a fee for the service.
Deleting your bank account from PayPal is a simple three-step process:
- Go to your Wallet
- Choose the account you’d like to delete
- Click ‘Remove bank account’
Yes, you can find your bank account number by logging into your online banking and clicking on the relevant account.
The traditional way to deposit cash into your bank account is to go to a branch and give it to a teller. These days, many banks will allow you to make deposits through an ATM as well.
Transferring money from PayPal to an Australian bank account is simple. Just follow these three steps:
- Go to your Wallet
- Click ‘Transfer Money’
- Follow the instructions
The money will take three to seven business days to reach your bank account.
Once you’ve made the transfer request, it can’t be withdrawn.