Finty

First Option Bank Smart Start Access Saver

Fee can be waived

An everyday bank account from First Option Bank with a $5 monthly fee.

Written byDavid Boyd
Overseas spending fee
Not published
Overseas ATM fee
$3.50
Digital wallets
Apple, Google, Samsung

Monthly fee

Open account

How to avoid the monthly fee

If you have a credit card at First Option you will not be charged this fee

Features

Debit card
Yes
Apple, Google or Samsung Pay
Apple Pay, Google Pay, Samsung Pay
PayID
Yes
Overdraft available
Not listed

Who can open it

Age to open
13 to 24

How it compares

Against the other everyday accounts we compare. Typical means the middle half of them.

Monthly fee

$5

Most accounts that say charge none.

Overseas ATM fee

$4

Each time you take cash out overseas. Typical is $5.

Pros and cons

Pros

  • Pays interest. 3.25% on your balance, which most everyday accounts don't.
  • PayID. People can pay you with your phone number or email instead of a BSB and account number.
  • Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.

Cons

  • A monthly fee. $5, above the typical None. You can avoid it if you meet the conditions, such as a minimum deposit each month.

Similar accounts

Everyday accounts from other banks with similar fees.