How to choose the right transaction account

Your transaction banking account is the foundation of your financial life. Most people use their account to pay bills by direct debit, receive salary, wages or benefits, buy things with a debit card and withdraw money from ATMs.

Some accounts charge a monthly fee and some charge transaction fees. Most transaction accounts offer practically no interest. Health Care Card holders can get access to a basic bank account without fees.

A few banks offer accounts without ATM fees at all. Shop around and compare terms conditions, fees and rates before selecting the best account for you.

Source: bankheadlines.com.au

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