Compare bank accounts with cheque facility

Find the best bank account for you! Compare product details, interest rates, fees and more. - Data last updated on 21 Jun 2018

Now showing 1 - 7 of 7 cheque books
Complete Freedom
*Fees waived when deposit $2,000 Monthly
Cashback$50 cash when you open a new account online or over the phone by 29 June 2018 and deposit $500 within 45 days and ensure that the account remains open for at least 55 days from the date of account opening.
ATM Fee
$0
Maximum rate
0.00%
Card Type
Visa
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Access Advantage
*Fees waived when deposit $2,000 Monthly
ATM Fee
$0
Over 2,600 standard ANZ ATMs
Maximum rate
0.02%
Card Type
Visa
Compare
Complete Freedom
*Fees waived when deposit $2,000 Monthly
Cashback$50 cash when you open a new account online or over the phone by 29 June 2018 and deposit $500 within 45 days and ensure that the account remains open for at least 55 days from the date of account opening.
ATM Fee
$0
Growing to 300 ATM's in Victoria
Maximum rate
0.00%
Card Type
Visa
Compare
Complete Freedom
*Fees waived when deposit $2,000 Monthly
CashbackGet $50 when you open a new Complete Freedom Account onlline or over the phone by 29 June 2018 and deposit $500 within 45 days and ensure that the account remains open for at least 55 days from the date of account opening. Only for new customers.
ATM Fee
$0
Maximum rate
0.00%
Card Type
Visa
Compare
Day to Day Account
ATM Fee
$0
Maximum rate
0.00%
Card Type
Visa
Compare
Orange EverydayRewardsOpen an Orange Everyday account, deposit $1000+ and make 5+ purchases by 30 June 2018 to receive a $75 cash bonus
ATM Fee
$0
Maximum rate
0.00%
Card Type
Visa
Compare
Classic Banking
ATM Fee
$0
over 1,200 ATMs
Maximum rate
0.01%
Card Type
Visa
Compare
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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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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