Australian
Internet Loans
Australian Credit Representative 401491
Australian Internet Loans :: Articles

Choosing the Right Bank

How do I choose the right bank for my savings or transactional account?

Choosing the Right Bank
Financial institutions are located all around the world. If you are looking to open a bank account, whether that bank account is a transactional account or a savings account, you have a number of banking options.

In fact, you have so many options that choosing the right bank may seem like an overwhelming process.

To make that process easier, you will need to know what to look for in a bank.

Location is the key to many.

If you are interested in having easy access to a bank, you may want to consider doing business with a local bank or a national bank that has a local office in your area.

These banks are ideal for those with cheque accounts or debit cards.

You may find that using an ATM machine, other than the one provided at your bank, results in extra fees.

This is one of the many reasons why banking with a local institution is popular, because you will have easy access to your money.

Time to Refinance?
Image for Time to Refinance?If you are seeking lower rates, lower fees and more flexibility in your home loan. you are in luck! Our national panel of mortgage brokers is looking forward to an opportunity to assist you. Apply online for a free eligibility assessment and one of our broker network refinance specialists will get on the case to track down the best deal for your individual circumstances. Without any obligation and at no charge to you!

When finding the perfect bank for you to do business with, it is also important to determine what you want and need from a bank.

Whether you are interested in opening a savings account or a cheque account, it is important to examine the fees that each bank will charge.

If you are interested in opening a savings account for someone under the age of eighteen, you may find that you are able to receive a free account.

Adults, on the other hand, are often required to pay a monthly fee or maintain a certain balance in their account.

If you are interested in opening a cheque account, there are also a number of fees that you should be on the lookout for.

It is possible to obtain a free cheque account, but many of these accounts come with specific requirements.

You are likely to come across a number of financial institutions that require you to have a set amount of money in your account at all times.

It is also possible to find banks that grant you free cheques as long as you have your pay directly deposited into your account.

There are a large number of banks that will allow you to carry a debit card.

These debit cards can often be linked directly to a savings account or a cheque account.

It is important to determine if you will be charged for obtaining a debit card. Many banks charge an upfront fee, typically less than five dollars, for requesting a debit card.

A number of banks also change monthly fees for using a debit card.

The same can be said for cheques.

In addition to paying for new cheques, there are many financial institutions that charge their clients a set amount of money each time they want to write a cheque.

It is important to keep all of the above mentioned points in mind when searching for a bank.

In addition to determining the cost of banking with a specific institution, you are also encouraged to examine the level of service that you will receive.

You will want to do business with a bank that has a friendly and knowledgeable staff.

By visiting the bank or calling to speak with an employee, you can easily determine the level of service that you should expect to receive.

Choosing a bank is not a decision that should be made on a whim.

A bank is supposed to save you money, but without the proper amount of research it is possible to end up with one that costs you money.

Published: Wednesday, 25th Aug 2021
Author: 10


Finance News

Australia's M&A Landscape: Navigating Regulatory Challenges and Valuation Mismatches
Australia's M&A Landscape: Navigating Regulatory Challenges and Valuation Mismatches
27 Sep 2025: Paige Estritori
In 2025, Australia's mergers and acquisitions (M&A) landscape experienced a significant downturn, with nearly $40 billion worth of major deals collapsing—the highest in 15 years. This decline is primarily attributed to increasing regulatory challenges and valuation mismatches between parties. - read more
Australia's Green Bank Achieves Record Investments in Clean Energy and Grid Infrastructure
Australia's Green Bank Achieves Record Investments in Clean Energy and Grid Infrastructure
27 Sep 2025: Paige Estritori
Australia's Clean Energy Finance Corporation (CEFC), the nation's green bank, has reported a record A$3.5 billion (US$2.29 billion) investment in clean energy and grid infrastructure during the 2024-25 financial year. This marks more than double the investment made in the prior year, reflecting a significant commitment to the country's transition towards renewable energy. - read more
National Australia Bank Announces Inder Singh as New Chief Financial Officer
National Australia Bank Announces Inder Singh as New Chief Financial Officer
27 Sep 2025: Paige Estritori
National Australia Bank (NAB) has announced the appointment of Inder Singh as its new Group Chief Financial Officer (CFO), effective March 2026. Singh, currently the finance chief at QBE Insurance, brings over 20 years of experience in financial services, including roles in investment banking at Deutsche Bank and UBS in Australia. - read more

Finance Articles

Online Personal Loans: How to Protect Your Information and Avoid Scams
Online Personal Loans: How to Protect Your Information and Avoid Scams
In recent times, Australians have witnessed a notable uptick in the use of online personal loans. The trend emerges as part of a broader digital transformation, where convenience and speed take precedence. This shift has facilitated access to financial services with just a few clicks, making personal loans available to anyone with an internet connection. - read more
Common Mistakes to Avoid When Seeking a Small Business Loan
Common Mistakes to Avoid When Seeking a Small Business Loan
Small business loans play a crucial role in the Australian economic landscape. They provide essential capital for business growth, whether it's for expanding operations, purchasing new equipment, or funding marketing campaigns. Understanding the importance of these loans is the first step toward making informed financial decisions. - read more
How to Decide Between Fixed and Variable Rates for Your Personal Loan
How to Decide Between Fixed and Variable Rates for Your Personal Loan
Personal loans in Australia are a popular financial tool for managing various expenses, from consolidating debt to funding major purchases or covering emergency costs. - read more