IMB Bank Everyday Unlimited Account
Fee can be waived
Access your money the way you want great features and unlimited transactions. A monthly account keeping fee applies, but is waived if you maintain a balance above $2,000 for the month.
- Overseas spending fee
- 2.5%
- Overseas ATM fee
- $5
- Digital wallets
- Apple, Google, Samsung
Monthly fee
How to avoid the monthly fee
Monthly Account Keeping Fee is nil where the account balance is $2,000 and over held continuously throughout the calendar month. If at any time during the month, the balance of the Everyday Unlimited Account is less than $2,000, the Monthly Account Keeping fee will be charged for that month.
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay, Samsung Pay
- PayID
- Yes
- Overdraft available
- Yes
Who can open it
- Age to open
- Any
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Monthly fee
$6
Most accounts that say charge none.
Overseas spending fee
2.5%
Of what you spend in another currency. Typical is 3%.
Overseas ATM fee
$5
Each time you take cash out overseas. Typical is $5.
Pros and cons
Pros
- 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. $6, 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.
- Monthly fee
- $6
- Overseas spending fee
- 2.5%
- Monthly fee
- $6
- Overseas spending fee
- 3%
- Monthly fee
- $6
- Overseas spending fee
- 3.65%
