The Best Fee Free Banks Accounts

Today, finding a bank account with no fees is easier and simple! So, freeing yourself from bank f

Today, finding a bank account with no fees is easier and simple! So, freeing yourself from bank fees can make a significant difference in your savings accounts and even attain your goals. According to the Better Banking campaign in 2011, all banks’ fees focus on choice rather than customers’ financial status. The research also stated that banks shouldn’t charge fees in order to fuel their profits. It’s so ridiculous how banks charges account holders because of keeping their money

The latest customer survey shows that three out of 7 individuals are worried about the level of disposable income. So, if you’re that person who has seen bank fees rise over the past years and looking for ways to propel your savings, or you're registering for a bank account for the first time, it's time to give bank fees a flick.  However, with different types of banks, each with different account options, finding the right one can be time-consuming.

Worldpersonalfinance has compiled a list of the best zero fee bank accounts you can depend on.

What banks have no fee savings accounts?

One of the leading banks, two provides zero bank fee accounts without any conditions but one of these provides customers with a mobile banking option only. Westpac and Commonwealth charge fees but often waive them, especially if the client meets their conditions like being on pension, certain age, or studying.

The five best zero fee bank accounts with zero balance from the above ones

Classic Banking Account has zero banking fees. The AZN Plus bank offers no monthly fee but their account is only accessible via ANZ Plus app not through ANZ online banking. Once you deposit $2000 each month, you'll get a $5 monthly fee waived. Also, if you're under 25 or 60, receiving pension payments, or a student, a $5 monthly fee is applicable.

Commonwealth Bank offers a $4 monthly fee waiver, especially if you're under 25, a student, or deposit around $2000 monthly.  On the other hand, Westpac Bank offers a $5 monthly fee for a person under 30, is a student, new person in Australia, holds concession cards, and is an expatriate.

The list of zero fee online bank accounts  

The following is a list of bank accounts with zero fees highest interest bank accounts, zero-balance bank accounts, zero cost bank accounts, annual account-keeping fees, or regular transactions or deposits. However, the majority of these banks require someone to be either a concession card holder, certain age, a student, or a pension recipient. Either way, before striking a deal with any, consider their terms and conditions.  Some might not charge card fees, but push you for other services.

Australian Unity – Transaction Account

Auswide Bank – Instant Access Account

Bank First – Everyday Account

Bank First - Budget Account

Bank First – First Access Account (17 or younger only)

Bank First – Pension Account (pension recipients only)

Bank of Melbourne – Complete Freedom Account

Bank of Queensland – Everyday Account (exclusive to the myBOQ app)

Bank of Queensland – Day2Day Plus Account (eligible pension recipients and concession card holders only)

BankSA – Complete Freedom Account

BankVic – Everyday Account

BankWAW – Youth Transact (13–25 only)

Bankwest – Easy Transaction Account

bcu – Access Account

bcu – Concession Account (eligible concession card holders only)

Bendigo Bank – Student Account

Bendigo Bank – Easy Retirement Account

Bendigo Bank – Concession Account (eligible concession card holders only)

Beyond Bank – Purple Transactor

BOQ Specialist – Everyday Plus Account

BOQ Specialist – One Account

Challenger – Access Account

Citibank – Global Currency Account

Citibank – Plus Account

AMP Bank – Access Account

Australian Mutual Bank – Transaction Account

Community First Bank – Student Starter (students, apprentices, or trainees aged 17-24 only)

Credit Union SA – Access Account

Defence Bank – Everyday Access

Defence Bank – Teen Saver (12-17 only)

Gateway Bank – Edge Transaction Account

Goldfields Money – Essential Account

Goldfields Money – Retire-Style Account (over 55s only)

Great Southern Bank – Everyday Edge Account

Great Southern Bank – Everyday 50+ Account (over 50s only)

Great Southern Bank – Everyday Youth Account (10-17 only)

Greater Bank – Access Account

Greater Bank – Ultimate Access Account

Heritage Bank – Simply Access

Heritage Bank – Pension Plus (pension recipients only)

Hiver – Everyday Account

HSBC – Day-to-Day Account

HSBC – Everyday Global Account

Hume Bank – All Purpose Account

Hume Bank – Essential Account

Illawarra Credit Union – Everyday Student (12–23 only)

IMB Bank – Everyday Unlimited Kick Start

ING – Orange Everyday

ING – Orange Everyday Youth (15–17 only)

Macquarie Credit Union – Access Account

Macquarie – Transaction Account

ME – Everyday Transaction Account

MyState Bank – Glide Account

Newcastle Permanent – Basic Access Account

P&N Bank – & Transaction Account

P&N Bank – Budgeting Account

P&N Bank – Concession Account (eligible concession card holders only)

P&N Bank – Easypay Access Account

P&N Bank – Student Account (students aged 16–25 only)

People's Choice – Everyday Account

People's Choice – Everyday Living Account

Qudos Bank – General Savings Account

Queensland Country Bank – Pension Plus Account (must be 65+ or a pension recipient)

RACQ Bank – Everyday Account (must have a Qld residential address)

RAMS – Action Account

Regional Australia Bank – eFree

Regional Australia Bank – Youth Account (under 18s only)

Coastline Credit Union – Kickstart Account (12–17 only)

Coastline Credit Union – Pay As You Go Account

South West Slopes Credit Union – General Savings Account

St.George – Complete Freedom Account

Summerland Credit Union – MoneySense Account (12–18 only)

Suncorp – Everyday Options

Suncorp – Carbon Insights Account

The Capricornian – Student Access Account (must be 18–25 and undergoing study or an apprenticeship)

The Mutual Bank – Express Savings Account

The Mutual Bank – Retirement Account (over 55s or pension recipients only)

UBank – Spend Account

Up – Everyday Account

Virgin Money – Go Account