ME Bank Transaction Accounts

ME BankME is a provider of transaction accounts, as well as other banking solutions such as home loans, credit cards, term deposits and personal loans.

Compare ME transaction accounts

Considering a transaction account from ME? The table below displays a snapshot of ME transaction accounts on Canstar’s database, sorted by Star Rating. These results are based on a person in NSW with an average of 35 transactions per month.  

Click here to compare more policies based on your circumstances.

What transaction accounts does ME offer?

ME offers 1 transaction account at the time of writing:

Everyday Transaction Account

An everyday bank account with no monthly account keeping fees, no transaction fees and no minimum deposit.

You can view the current Star Ratings and fees on ME transaction accounts in our comparison tables.

Does ME also offer savings accounts?

Yes, ME does offer savings accounts in addition to its transaction accounts – The Online Savings Account.

In order to get more out of a savings account with ME, you may need to link it with your transaction account. You do not, however, need to have a savings account with ME in order to use its everyday transaction account.

Considering a savings account from ME? The table below displays a snapshot of ME savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver in NSW with $10,000 in current savings.

Click here to compare more savings accounts based on your circumstances and preferences. To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here.

Does ME charge fees on its transaction accounts?

Transaction accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. ME doesn’t charge any fees on its Everyday Transaction account at the time of writing (18/07/17).

What does ME offer in terms of mobile banking for its transaction accounts?

ME offers both online and mobile banking for its transaction account products, with its app available in both the Apple and Google store. Notable features of ME’s mobile banking include:

  • Check balances without signing in
  • Log in with your fingerprint on devices with Touch ID
  • Quick access to your BSB and account numbers

How to apply for a ME transaction account

Before applying for a ME transaction account, try to first compare it against others on the market to ensure it is the right one for you. You can then apply for a ME account online, provided you have the correct documentation:

  • At least one form of ID, such as your driver’s license or passport
  • Accurate personal information, such as your name, date of birth, address and phone number

Once your account is opened, ME may require you to transfer in a minimum amount before your account can be activated – check the PDS document for more information on how much you might need to deposit.

Related article: How to change bank accounts

Eligibility requirements

Before applying for a ME transaction account, you will also have to meet the following eligibility requirements:

  • You’ll need to be at least 16 years old
  • And Australian citizen, permanent resident or resident for tax purposes with an Australian residential address
  • Opening an account for personal use

What other banking products does ME provide?

ME provides a variety of different products to consumers, including:

  • Term deposits
  • Home Loans
  • Credit Cards

About ME

ME (formerly ME Bank) was founded in 1994 under the name Super Member Home Loans. They received their banking licence in 2001 and have grown steadily, with 338,000 members as of June 2015.

Profits from ME products go to the 30 industry super funds that own the company.

ME’s head office is in Melbourne and they have offices in every Australian capital city.

ME Everyday Transaction Account

Canstar Research
Rating:
Award: Outstanding Value Transaction Account

Written by: Maddie Clarey | Last updated: August 23, 2018

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