Current accounts in Australia
Everyday accounts, ranked on total yearly cost rather than sign-up offers.
- ✓Free to compare
- ✓Supervised by APRA and ASIC
- ✓Financial Claims Scheme up to $250,000
Providers pay us, usually only if you take up a product; the order is computed from the rate they publish — read how we order lists and where the figures come from. How we order lists Data sources.
Products that only exist in this market
Superannuation
Compulsory retirement savings; compare fees and long-run net returns.
Offset account
Transaction balance offsets home-loan interest dollar for dollar.
Pricing shown is indicative and taken from published price lists for Australia. It is a comparison based on published product criteria — not financial advice, and never a promise of approval.
A current or chequing account in Australia is everyday banking: deposits, payments and a debit card from a licensed deposit-taker. Eligible balances are covered by Financial Claims Scheme under APRA and ASIC. Compare the monthly fee, what it takes to waive it, overdraft p.a. and whether the account is actually available to residents here.
What the fee buys
A “free” account can still charge for overdrafts, foreign spend or paper statements. A fee-charging account can still be cheaper if it includes the payments you actually use. We only list providers with a live apply link. Related: savings if the money will sit, banks for who is licensed here, and cards if revolving credit is the product you need.
Questions readers in this market ask
Answered with local rules, local supervision and local pricing — not a translated US page.
What does a current account cost in Australia?
The real cost of an everyday account sits in monthly fees, FX mark-ups, ATM charges and overdraft pricing. We list those on each product rather than inventing a typical monthly figure.
Who supervises the providers compared on Bankmatch in Australia?
Every institution listed for Australia is supervised by APRA and ASIC. Eligible deposits are covered by Financial Claims Scheme up to $250,000 per depositor and institution.
What does "p.a." mean here?
p.a. is the effective annual cost used in Australia, including interest and mandatory fees. We always show the local measure so figures match the provider's own price list.
Do you check my credit to show matches?
Providers in Australia assess applications with a Equifax Australia. We shortlist on the published minimum criteria only — Bankmatch never runs a credit check.
How current is the pricing on this page?
Every figure on this page is read from the provider's own product feed, so it changes here when the provider changes it rather than when we get round to retyping it. We deliberately do not stamp a verification date on the page: the feed does not record when a provider last reviewed a figure, so any date we printed would be our guess dressed up as a fact. Where a required number is missing from the feed we leave the field empty instead of estimating it.
How does Bankmatch make money?
Providers pay us a fee, and in most cases it falls due only if a reader goes on to be approved for or take up the product; on a few products it is a percentage of the amount borrowed. That never changes the order: it is computed from the price the provider publishes, before any commercial term is read, and placement is not for sale. The methodology page sets out exactly how the order is derived so you can check a list against it.