Transaction account (Essential Account)

BNK’s transaction account (Essential Account) makes it easy to manage your money. With no monthly account-keeping fees and convenient access via online banking, it’s a smart, flexible way to save and spend when you need to.

Overview

BNK’s transaction account (Essential Account) is designed to give you easy access to your money and the ability to grow your savings. Whether you’re managing day-to-day expenses or setting money aside for future goals, this account offers the flexibility and control you need, without the hassle of monthly account-keeping fees.

With 24/7 access via online and mobile banking, plus the option to link to digital wallets like Apple Pay and Google Pay™, you can spend and save seamlessly from one place. Backed under the Australian Government’s Financial Claims Scheme, giving you up to $250,000 in coverage, BNK’s transaction account is the smart, simple way to manage your money – every day.

Features

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BPAY® and direct debits

Pay bills and manage recurring payments effortlessly.
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Unlimited transactions

Enjoy the freedom to move your money as often as you need.
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24/7 online and mobile banking

Manage your money anytime, anywhere.
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Easy access to funds

Make everyday transactions, transfers, and payments with ease.
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Digital wallet compatibility

Link your account to Apple Pay or Google Pay™; for secure, contactless payments.
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Protected by the Financial Claims Scheme

Eligible deposits are guaranteed up to $250,000 per customer.

Start saving smarter today

Open a BNK transaction account and enjoy flexible access and no monthly fees - backed by a trusted Australian bank.
Open an account

Helpful information

Terms and conditions

Full details on eligibility and other important information.
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Fees and charges

Review the costs associated with your account, including any applicable fees, to help you manage your money with clarity.
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Frequently asked questions

Find answers to common questions to help you make informed decisions with confidence.
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Frequently asked questions

What is a transaction account?

A transaction account is a bank account designed for everyday banking. It allows you to deposit and withdraw money, make payments, and manage your daily finances easily.

Who can open a transaction account?

Accounts are available for individuals over the age of 18 who have access to the internet. You must also have a valid Australian residential address, mobile and email address.

Things you should know

Information provided is general only and does not take into account your personal objectives, financial situation, or needs. Any rates advertised are current as at the date indicated and are subject to change. Eligibility criteria, fees, and charges may apply. You should seek independent advice and read the relevant terms and conditions, Financial Services Guide, Product Disclosure Statements and Target Market Determinations for the product(s) before deciding if the product(s) is right for you. This information has been prepared by BNK Banking Corporation Limited ABN 63 087 651 849 trading as Goldfields Money, AFSL and Australian Credit Licence 246884.

Google Pay is a trademark of Google Inc. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries and regions. BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.