Australia Best Everyday Transaction Account And Tips To Earn You More Money

An article by GenX published 

at Melbourne Victoria Australia www.melbournevicaustralia.blogspot.com

Please do not reprint or republish in part or in any form.

INTRODUCTION

Previously in my article titled FREE Visa and MasterCard Debit Cards From Australia Banks, I mentioned that I have Everyday Transaction Accounts with NAB, Commonwealth Bank, Citibank and HSBC Australia. All these said accounts come with FREE Visa or MasterCard Debit cards. However, all these accounts do not earn me a cent in interest for balances sitting in the account. Worst still, my Commonwealth Complete Access Account, an Everyday Transaction Account, charges me a monthly fee if I do not deposit AUD 2000 monthly into it. NAB, Citibank and HSBC Everyday Transaction Accounts are truly FREE FOR LIFE as there are no monthly fees forever (unless they change their policy) and you do not need to deposit a cent into it after you open the account.

Therefore, in order to earn interest from my money deposited with Citibank Australia, Commonwealth Bank, HSBC Australia and NAB, I have their Online Savings Accounts and transfer my funds into my Everyday Transactions Accounts when required. However, if you do not wish to open an Online Savings Account but want you money sitting in your Everyday Transaction Account to earn you some pocket money, I got good news for you.

EARN MORE FROM AUSTRALIA SAVINGS ACCOUNTS AND BANKWEST HERO EVERYDAY TRANSACTION ACCOUNT

Now, today I will share with you three tips on Australia Banks Savings Accounts:

1. COMMONWEALTH BANK COMPLETE ACCESS ACCOUNT - Monthly Fee waived with AUD2000 Deposit.

Like I mentioned earlier, I will be charged a monthly fee should I fail to deposit Aussie 2K into my Commonwealth Complete Access for a particular month. And I also said I have their Online Account called NetBank. So, the easiest way to avoid paying the Complete Access monthly fee without depositing any new funds into Commonwealth Bank is to transfer money between your Complete Access and NetBank accounts. For example, you have AUD100 in your Complete Access and AUD 800 in your NetBank Account. So in order to meet the AUD2K deposit requirement:

My National Australia Bank FREE Visa Debit Card

An article by GenX published 

at Melbourne Victoria Australia www.melbournevicaustralia.blogspot.com

Please do not reprint or republish in part or in any form.

Previously in my article titled FREE Visa and MasterCard Debit Card from Australia Banks, I posted my Debit Cards from Citibank, Commonwealth Bank and HSBC Australia. I did open a NAB Classic Banking Account and was expecting to get my NAB Debit Card, but it never came. So, I called NAB Customer Service and their system shows that I never requested for it! I guess the guy who opened my NAB account forgot to request the NAB Debit Card for me. Unfortunately, I had to fly to Gold Coast back in June with Tiger Airways and therefore did not manage to collect my card until I was back in Melbourne this October.

If you see the above image, you will note that the NAB Classic Card comes is Pink and I was worried they may issue that to me, haha.

The good news is, mine is black as you can see for yourself. Of course I have Photoshopped the photo of my card below to show the first 4 digits starting with 1111, hahaha

Free Visa and MasterCard Debit Cards From Australia Banks

An article by GenX published 

at Melbourne Victoria Australia www.melbournevicaustralia.blogspot.com

Please do not reprint or republish in part or in any form.

I was in Melbourne Australia for about 3 weeks in total and this gave me the opportunity to go get FREE Visa and MasterCard Debit Cards from Australia banks. You see, unlike in Malaysia where non premier Debit Cards can be issued on the spot with pre-printed card numbers, in Australia the debit card number and your name are the embossed type like credit cards and usually need several days for the card to be ready for collection or sent to your mailing address.

Of course, I needed an Australia address too, which was not a problem as I have relatives staying right smack in Melbourne Central Business District where I can just walk to his apartment from my hotel :)

So what do I meant by FREE Visa and MasterCard Debit Cards from Australia Banks?

Most banks in Australia have a account to cater for day to day use which they term as Transaction Account which allows you to deposit and withdraw cash, use to pay bills online, transfer funds online, a debit card for face to face or online purchases and even cheque book. However, most banks charge a monthly fees and only waive it with certain conditions like monthly deposit of AUD2K or maintain a certain fixed monthly balance in the account. The good news is that there are few banks that do issue you FREE Visa or MasterCard Debit Card for FREE and you won't be charge a single sen penalty even if your account balance is ZERO. 

I am pleased to share with you the few truly good Australian banks that are not out to suck your hard earn money (not really applicable to my case since I have no income in Australia, haha).