Bankwest Hero Transaction Account - No fees!

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Bankwest

• 

  Gav on 09/10/2007 - 10:21

  Citibank might be worth considering too. Their minimum deposit is $3000 from memory to avoid fees but you can use ANY ATM in Australia with no charge. You also get a high interest savings account (>5%) which is automatically linked to your current account.

  • 

    young_dazza on 09/10/2007 - 10:48

    A problem with citibank's offer (I assume you mean the Citibank Plus account) appears to be that (and I quote) "The current $500 Citibank Plus Monthly Fee waiver offer is valid until 31 December 2007.". Also the 7.25% bonus interest only applies if you hold a minimum of $5000 in the no-interest citibank plus account.
    Even so I hope that offers like these are putting pressure on all aussie banks to lower their fees.

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  scotty on 09/10/2007 - 14:00

  If BankWest can get their online banking fixed…

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  young_dazza on 09/10/2007 - 17:01

  Yes their online banking appears to be created by amateurs. That said it is functional.

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  robboblah on 10/10/2007 - 09:27

  Better yet, the [HSBC Online Savings account](http://www.hsbc.com.au/1/2/personal/savings "HSBC") has <br><br>

  • no monthy fees
  • A high 5.10% p.a interest rate on amounts between $5,000 to $499,999
  • unlimited HSBC ATM transactions
  • Five free ATM transactions per month, at any bank ATM
  • Minimum opening deposit of AUD2,000 - No minimum balance after opening
  • get provided with a rsa token to login with (added security)

  have been using this for 5 years without trouble, just dont try and phone them (offshore where engrish probably isnt their first language)

  • 

    dansor on 10/10/2007 - 09:33

    Some things to consider about HSBC Online Savings account:
    - does it come with a Visa/Mastercard debit card?
    - interest for amounts up to $4,999 is only 0.5%. you won't need amounts more than that in your everyday account. you can transfer them in some high interest earning accounts(like TeleNet or Raboplus to earn at least 6.7% pa).
    - brach withdrawal: $5 what if you need cash in one day more that your daily limit? you have to go to the branch and pay $5?

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  robboblah on 10/10/2007 - 11:08

  unsure about the debit cards, never really had a need/want to get one, had a bit of a poke around their website though and couldnt find anything of use

  never been to a hsbc branch (none where i live), guess you would be paying $5 for a branch visit, work around would be increase ur daily limit on the phone and then to it electronically hehe

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  young_dazza on 15/10/2007 - 18:33

  Just for the record, I had a HSBC online savings account once. The major problem I had with it is that they had a daily eftpos withdrawal limit of $1000. After talking to them on the phone they said that there was absolutely no way to get this increased. If I wanted to withdraw more than $1000 of my own money I had to go to a branch! The other suggestion was to get a credit card. I personally hate credit cards - give me a debit card any day.

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  POWERevolution on 15/10/2007 - 23:01

  For HSBC Online Savings account … do this account allow you direct debit?

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  tonyallen on 03/08/2010 - 13:16

  here is a website for helping OZ people to compare savings account online
  <a href="http://www.savingsaccountfinder.com.au" title="http://www.savingsaccountfinder.com.au" rel="nofollow">http://www.savingsaccountfinder.com.au</a></p>