Best Spending/Transaction Account - Student?

Ldmski on 21/01/2021 - 14:57

Currently just using smart access on Commbank, all my savings are invested, so interest isn't a huge concern but things like cashback? or other benefits that commbank is lacking. Just had to sit in hold for 2 hours because Commbank thought me linking my paypal was suspicious, so not worried about switching atm… Saw the poll thread but there was no real discussion about why each card/bank was voted, and it was somewhat outdated, so opening this for discussion and input.

Financial

Comments

  • Drakesy on 21/01/2021 - 15:05
    +2

    HSBC has one with 2% back on all paypass purchases
    https://www.hsbc.com.au/accounts/products/everyday-global/

    • dmski on 21/01/2021 - 15:17

      That's something I can get behind, wasn't sure if that was still live. Thanks, will await some others suggestions before diving in.

      • AustriaBargain on 21/01/2021 - 15:31

        Capped at $50 per month, and only valid for purchases under $100.

        • Drakesy on 21/01/2021 - 15:40
          +2

          I don't think a student's going to be spending $2500 per month very often on paypass.

          • AustriaBargain on 21/01/2021 - 15:47

            @Drakesy: Exactly, so the earnings would be quite low and possibly not a big factor in overall value.

            • Drakesy on 21/01/2021 - 15:48

              @AustriaBargain: That's not the Ozbargain attitude

            • dmski on 21/01/2021 - 16:18

              @AustriaBargain: It beats the 0 benefits Commbank is realistically giving me, outside of a nicely designed app and ease of use. Open to hear alternatives though

              • AustriaBargain on 21/01/2021 - 17:03
                +1

                @dmski: I'd consider NAB so you can keep using the same accounts and cards without fees after you graduate.

  • realfancyman on 21/01/2021 - 16:31
    +3

    Macquarie has the best account in my opinion, no account or international fees and refunded ATM fees. They also have probably the best user interface on their app second to Up Bank and a decent interest rate on their savings account.

    I still keep my CommBank account for branch access and cash deposits at ATM's.

  • deme on 21/01/2021 - 16:34

    ING Everyday no stupid atm fees anywhere in the world.

    • follow on 21/01/2021 - 16:42

      only better when overseas. better off macquarie locally.

      • deme on 21/01/2021 - 16:49

        Why? What advantage does it have over ING?

        • follow on 21/01/2021 - 21:30

          don't have to deposit and make 5 payments for free intl purchases and domestic atm rebate. also has push notifications

  • knightslay2 on 21/01/2021 - 20:34

    I'd consider Up Bank, NAB, Macquarie Bank, 86400 are options as mentioned above which does not charge a monthly account keeping fees.
    PS: you can have a NAB bank account for cash deposits.

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