Find and compare cheque bank accounts

Sort By
Product
ATM Fee
Company
Maximum Interest rate
Card Type
Features
Real Time Rating™
Go to site

$0

ANZ

0.02%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.84

/ 5
Go to site
More details

$0

Free access to thousands of ATMs nationwide

CUA

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.96

/ 5
Go to site
More details

$1

Over 5,000 network ATMs

The Mutual

0.10%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

0.00

/ 5
More details

$0

Over 3,400 rediATMs

AMP Bank

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

2.86

/ 5
More details

$2

Over 3,400 RediATMs

Transport Mutual Credit Union

0.07%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

0.00

/ 5
More details

$0

Over 3,000 rediATMs

UniBank

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.78

/ 5
More details

$0

Over 3,400 Commbank network ATMs

Bank First

0.05%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.16

/ 5
More details

$0

Over 3,000 Westpac Group ATMs

Auswide Bank

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

0.00

/ 5
More details

$0

Over 3,000 rediATMs

Bank Australia

0.01%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.65

/ 5
More details

$0

Westpac

MasterCard

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

4.14

/ 5
More details

$0

Westpac

MasterCard

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

4.14

/ 5
More details

$0

Westpac

MasterCard

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

4.14

/ 5
More details

$0

Westpac

MasterCard

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

3.84

/ 5
More details

$0

Over 3,000 RediATMs

Woolworths Team Bank

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

0.00

/ 5
More details

$0

Over 3,000 RediATMs

Woolworths Team Bank

0.50%

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

0.00

/ 5
More details

$0

Over 3,000 rediATMs

Bank of us

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

2.73

/ 5
More details

$0

Over 3,000 Westpac Group ATMs

Bank of Melbourne

Visa

Apple Pay
Google Pay
Interest rate
Overseas ATM facilities
Samsung Pay
Linked account

2.86

/ 5
More details

Learn more about bank accounts

Many of us love our bank account’s online capabilities, and find it convenient to order cash through an app or transfer money quickly.

That said, cheque books are still relevant for many bank account holders.

What are cheque books?

A cheque book is a booklet of paper cheques that can be used to pay someone using the funds in your transaction account. Typically, a cheque book can be ordered through your bank and linked to an existing bank account.

How do cheques work?

After you’ve written a cheque and given it to the person or business you’re paying, they will take the cheque to their bank to deposit into their own account. The cheque is then usually sent back to the issuing bank for approval. After the bank has approved, or ‘cleared,’ the cheque, they will authorise for the amount listed on the cheque to be paid to the person or entity that deposited the cheque.

Do I need a cheque book?

Many bank account holders today decide not to have a cheque book. This decision is usually due to the fact that many bills can now be paid online rather than by cheque. If you’re able to spend money and pay bills without a cheque book, there’s likely no reason for you to have personal cheques.

There may be some situations that you find yourself needing to pay by cheque. This might be a matter of paying a large sum or having to send funds through the mail. Either way, many banks can issue their customers a financial institution cheque. While many banks charge a fee for the service, it’s usually modest.

Are there fees associated with cheque books?

Many banks charge fees associated with writing or depositing cheques. One of these fees is a cheque-issuing fee, which applies if you need your bank to issue you a cheque.

Another common fee is a clearing fee. This fee applies when you have written a cheque to a third party and their financial institution has sent the cheque to your bank to be approved, or ‘cleared.’

Your bank may also be charged a withdrawal fee. A withdrawal fee might apply if someone has written you a cheque and you need to cash it at your bank.

Who should consider ordering a personal cheque book?

Many account holders today don’t feel they need a personal cheque book. However, if you find yourself needing bank-issued cheques often, it might be worth considering your own cheque book.

There are many reasons you might write cheques regularly. Whether you often pay institutions that are not set up to accept electronic payments or you run a small business, having a cheque book on hand can end up being cheaper than running to the bank every time you need a cheque issued.

If you’re considering ordering a personal cheque book, talk with your bank. You may be able to link a cheque book to an existing account or open an account that’s compatible with cheques.

Frequently asked questions

How can you cash a cheque without a bank account?

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.

How do I close a bank account?

Closing a bank account is one of those tasks that’s easy to put in the too-hard basket. There are quite a few steps involved, some which may require you to hang on the phone for a while.  

Here’s a handy checklist of items to tick off, so the job gets done quicker. If you don’t do your banking online, the following steps can also be done at a branch.   

  • Cancel any scheduled or recurring payments
  • Update your direct debit details (such as loan repayments) with creditors
  • Export your payee address book (to keep a record of saved third-party bank account details)
  • Transfer the balance of your account (to the new bank account)
  • Close your account online, or by calling the bank or visiting a branch

Opening a bank account for someone under 18

Can you find your bank account number online?

If your bank offers online services, you should be able to find your bank account number online by logging into your account on your bank’s website and checking your details there.

Keep in mind that each type of account you have with a bank comes with a unique account number. This means if you have a bank account as well as a savings account, for example, your bank account number and your savings account number will be different.

If you don’t have access to your bank account online or can’t login, you should be able to find your account number on a mailed bank statement, if you have one.

Alternatively, you can call your bank’s customer service number or visit a branch to retrieve your account number.

How do you set up a bank account online?

Once you’ve compared bank accounts and found the right one, the process of opening a bank account online is quite simple and can be done in around 10 minutes.

To set up a bank account online, you’ll need to prove your identity and provide an approved form of ID as well as your tax file number (TFN).

If you’re a new customer of the bank, you’ll need to verify your identity and potentially upload documents before you can complete your online application.

Once your ID has been verified and you’ve set up your bank account online, you should receive your bank cards in the mail along with your PIN and any other account details.

Can I open bank accounts for my children?

A common question for new parents is, ‘Can I open a bank account for my child?’

The short answer is yes – as a parent you can open a bank account for your child.

Once you’ve compared your options and found a bank account that suits your needs, the process is relatively simple.

As the bank account is for your child, you’ll need to provide some documentation such as proof of ID, including your tax file number.

You will also need a copy of your child’s birth certificate, and in some cases you may also need to sign a guarantee of indemnity.

Depending on the bank and whether you’re an existing customer, you may be able to open a bank account for your child online. However, you may still need to go into a branch to prove your identity.

Do I need to open a business bank account?

Just because you’re in business doesn’t necessarily mean you need a business bank account. You could be a sole trader not registered for GST, and use your personal bank account for business.

If you do want a business account, there are plenty of benefits attached to business transaction and savings accounts, as well as business term deposits.

There are business bank accounts designed for businesses with a high volume of transactions, and those for start-ups with a small amount of trade. You could also include an EFTPOS service with your account.

Some business bank accounts charge for the number of transactions per month, while others offer a pay-as-you-go fee structure, where you only pay fees for transactions you make.

It’s up to you whether your priority is mainly transactions, or earning the maximum amount of interest on your principal. There’s a business banking solution for you if you need one.

Can you open another account at the same bank?

Yes, you can open another account at the same bank if you already have an account there, but some banks place a limit on how many specific accounts you can open.

Generally, though, it is possible to have more than one everyday account, one personal account and one joint account, or have different types of accounts – such as a transaction account and a savings account.

Keep in mind that some bank accounts come with fees, so you could be charged twice for having two types of the same account at the same bank.

Also, if you have more than one high-interest transaction account at the same bank, only one account will be able to earn the highest rate of interest.

Can I have a PayPal account without a bank account?

You don’t need a bank account to send or receive money through PayPal. However, you do need a bank account if you want to withdraw money from your PayPal account.

Can you deposit money into somebody else's bank account?

One of the easiest banking tasks in the world is depositing money. You can even deposit money into someone else’s bank account if you wish.

The basic information you need to deposit money into a third-party bank account is:

  • Payee’s name
  • Bank, building society or credit union (though this isn’t necessary)
  • BSB (or bank code, which is the branch identifier)
  • Account number

Including the name of the financial institution isn’t necessary – particularly with online banking – because the BSB will identify this for you.

A handy tip is to record yourself (or add a personal message) in the transaction description or reference. This will show up on the recipients account, letting them know who’s paid them the money.

Can I close my bank account over the phone?

In most cases, you can close a personal or business bank account over the phone. In fact, this is the best way to ensure you’ve closed an account properly.

By speaking to a banking representative, you can capture and close out any pending transactions, or interest owing/payable on the account being closed.

In the instance where the account is a joint account, or you have multiple bank accounts you want to close, your bank may send you a form that you need to fill out and return.

Either way, you would be advised over the phone of the steps you need to take. Calling your bank ahead of closing an account is often a smart course of action.

Can foreigners open bank account in Australia?

If you’re migrating, studying or working in Australia, you’ll be pleased to know that you can open an Australian bank account. For the most part, opening a bank account in Australia is a simple process which starts by comparing the types of bank accounts foreigners can open in Australia.

Once you’ve found a bank account that suits your needs, you can start the application process.

When you apply for the account, you’ll need to provide proof of ID which may include your passport, overseas ID or credit card. You may also need to provide a copy of your visa and proof of address in Australia.

Depending on the bank and the type of account you choose, you may be able to apply for the account online or over the phone before you arrive in Australia.

How do I overdraw my Commonwealth Bank account?

Overdrawing a bank account can happen by accident. It’s often hard to know what your balance is, particularly with direct debits, scheduled repayments and pending transactions competing for cash.

To avoid being stuck with a bank fee every time your account is overdrawn, you can apply for a personal overdraft. This will enable you to overdraw your account up to an approved amount.

A personal overdraft is connected to your CommBank Everyday Account, so you can enjoy easy access to extra funds once approved – anywhere from $100 up to $20,000.

Your overdraft funds can be accessed via your CommBank keycard or Debit MasterCard, or online through NetBank and the CommBank app.

To apply you can either call the Commonwealth Bank directly or visit your local branch.

How do I open a new bank account?

There are a number of ways to open a new bank account – online, over the phone or in the branch. The trick is to decide what type of bank account you want beforehand.

It might sound like a simple enough task, but there are literally hundreds of bank accounts to choose from. And each offer their own banking features and benefits.

A comparison site like RateCity can help you work out what bank account product matches your needs.

Once you’ve made up your mind what you want, it’s advisable to have the following information ready for the application process.

  • A couple of forms of identification (such as driver’s licence, Medicare card, passport)
  • Tax file number
  • Residential address, contact phone number and email (though email is not essential)

How do I close my bank account online?

You can usually easily open a bank account online, but you often can’t close it online.

Many banks and credit unions will only let you close an account if you go into a branch or call them on the phone.

However, some banks will let you request to close the account via your internet banking. Check your financial provider’s website for details.

Just remember: If you still have funds in the bank account, transfer them to another account, or withdraw the cash. Also, if you have any payments like direct debits going in or out of the bank account, these will also stop when you close your account.

How do you open a bank account in Australia?

Opening a bank account in Australia is usually a straightforward process. Some banks give you the option of opening an account online, while others require you to visit a branch.

Different bank accounts offer different features, so it’s best to compare your options to find one that suits you.

All banks require you to pass an identity check to open a bank account. Australia uses the 100-point identification system, which means you’ll need to show a number of forms of ID that, together, add up to 100 points.

Common ID types include a driver’s licence, passport, Australian visa in a foreign passport, and Australian Medicare card. You’ll find out what types of ID are accepted when you go through the sign-up process online or at a branch.

Once your account is open, you’ll be given or sent a debit card that you can use to make purchases and withdraw money from your account.

Are bank accounts frozen when someone dies?

Yes, Australian bank accounts are frozen when someone dies. If you want to close the account of somebody who has died, you might have to provide proof of death and a copy of the will. You might also have to prove your relationship to the deceased person.

If you have a joint bank account with somebody who has died, you will generally be entitled to all the money in the account. Again, you might have to provide proof of death if you want to change the bank account from a joint account to a one-person account.

How do I open a bank account if I'm under 18?

The good news for savvy young folks like you wanting to take charge of your finances is that there are many bank accounts available for under-18s.

For bank accounts that require you to be 18 or older, you’ll have to rope in a parent or guardian to open the account for you.

Otherwise, you can apply by yourself online or at the branch of the bank, credit union or building society that has the account you would like to open. 

If applying online, you might be asked for a form of identification. For under-18s, this could be a Medicare card you’re listed on, your birth certificate and/or your current home address.

In most cases, you can verify your identity online (at the time of applying) or at the branch afterwards.

Do you need a bank account to sell on eBay?

You don’t need a bank account to sell on eBay. But if you don’t have a bank account, you must provide either a credit card or debit card.

How to transfer money to another bank account

Transferring money to another bank is often called a bank transfer, and it can be done a few different ways.

Customers generally need three pieces of information to transfer money to another bank account. Customers need the account name, BSB and account number of the account they wish to transfer money to.

One way of transferring money to another bank account is in a branch with the help of a staff member; they will often give you a receipt as well as confirmation of the transfer.

Transfers can be also made via internet banking and phone banking.

Some banks also allow customers to make transfers via partnered ATMs, especially if the account is with the same bank.