Fee-Free Banking: More Choices


Since NAB Bank announced it would abolish all transaction banking fee in 2009, many other banking institutions follow its footsteps. Today, consumers have more options when it comes to finding a fee-free banking account:

Bank of Queensland – Day2Day Plus account

  • No monthly fee
  • Free unlimited transactions
  • Access to 3,500 ATMs
  • Issues up to 4 Visa debit cards.

ING Direct – Orange Everyday

  • No monthly fee
  • No minimum balance
  • Visa debit card.
  • No everyday fee.

NAB Classic Banking Account

  • No monthly fee
  • No minimum deposit
  • Visa debit card
  • Unlimited access to funds through online banking/ telephone banking/ ATM/ EFTPOS/ chequebook.

However, do take note that most fee-free transaction account do not pay interest and some do not issue debit cards, whereas some deals are only available to new customers.

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