No servicing fee debit cards

Are there no annual fee debit cards? Is there a fee free debit card?

In Australia, finding a debit card with absolutely no annual fee can be challenging, as most banks typically charge some form of account maintenance fee. However, there are several debit cards that either waive the annual fee under certain conditions or have very low annual fees, like:

1. Debit Cards with Low or Waived Annual Fees:
2. ING Orange Everyday Account
3. Citibank Plus Transaction Account
4. HSBC Everyday Global Account
5. ME Bank Everyday Transaction Account

You can also place free funds on a savings account.

Calculate your future income on a savings account (example):

You can also get more detailed calculations by using our financial calculators.

What are the pros and cons of no annual fee debit cards?

No annual fee debit cards can be attractive options for many consumers, especially those looking to minimize ongoing costs, but also they have both advantages and disadvantages:

- Advantageos:

1. You save money by avoiding the typical annual fee charged by many debit cards.
2. Banks often have fewer eligibility requirements compared to credit cards, making them accessible to students and individuals with limited credit history.
3. Helps in budgeting as there's one less recurring expense to manage.

- Disadvantageos:

1. Such cards typically offer only essential features such as ATM access, online banking, and customer support.
2. No annual fee cards may lack some of the perks and benefits offered by cards with annual fees, such as rewards programs, travel insurance, or concierge services.
3. While annual fees are waived, there may still be transaction fees for activities like overseas ATM withdrawals, currency conversion fees, or late payment charges.
4. Some no annual fee cards require you to meet specific conditions (e.g., minimum monthly deposits, transaction volumes) to qualify for fee waivers.

Can I find no foreign transaction fee debit cards?

Yes, you can find such debit cards in Australia, which can be very beneficial for frequent travelers or those who make purchases in foreign currencies. These cards eliminate the additional costs typically associated with using your card overseas or for online purchases from international merchants, like:

1. ING Orange Everyday Account
2. Citibank Plus Transaction Account
3. HSBC Everyday Global Account
4. Revolut Travel Card

See the similar FAQ about Australian banks:

• Commbank investments proposals
• Commonwealth Bank ASX code
• Commonwealth Bank Group Super compliance letter
• Commonwealth Bank Superannuation savings account
• Commonwealth Bank bonds

Details of companies offering the financial services:

ANZ Bank

Head office’s address: 833 Collins Street

Contact center: 13-13-14

Phone: 61-3-9683-9999

Mail address: 833 Collins Street Docklands, Melbourne

Web-site: http://www.anz.com

Swift code: ANZBAU3M

Financial institution code: ANZ

Stock code: ANZ

ABN: 11 005 357 522

BSB: 015-891

ANZ Bank

Head office’s address: 833 Collins Street

Contact center: 13-13-14

Phone: 61-3-9683-9999

Mail address: 833 Collins Street Docklands, Melbourne

Web-site: http://www.anz.com

Swift code: ANZBAU3M

Financial institution code: ANZ

Stock code: ANZ

ABN: 11 005 357 522

BSB: 015-891

Australia Post

Contact center: 13-76-78

Web-site: https://auspost.com.au

Bankwest

Head office’s address: 300 Murray St

Contact center: 61-131719

Phone: 61-8-9449-2840

Mail address: Bankwest PO Box E237 Perth WA 6841

Web-site: http://www.bankwest.com.au/

Swift code: BKWAAU6P

ABN: 48 123 123 124

BSB: 325-185

CommBank

Head office’s address: 201 Sussex Street

Contact center: 13-22-21

Phone: 61-2-8055-4001

Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street

Web-site: https://www.commbank.com.au/

Swift code: CTBAAU2S

Stock code: CBA

ABN: 48 123 123 124

NAB

Head office’s address: 800 Bourke Street

Contact center: 13-22-65

Phone: 61-3-8566-7023

Mail address: Level 4, 800 Bourke Street, Docklands, VIC

Web-site: http://www.nab.com.au/

Swift code: NATAAU3303M

Financial institution code: NAB

Stock code: NAB

BSB: 086-027

P&N Bank

Head office’s address: 556 Wellington Street

Contact center: 13-25-77

Phone: 61-132577

Mail address: Police & Nurses Limited Level 6, 556 Wellington Street Perth WA 6000

Web-site: http://pnbank.com.au/

ABN: 69 087 651 876

St. George Bank

Head office’s address: 275 Kent Street

Contact center: 13-33-30

Phone: 61-2-9553-5333

Mail address: St.George Bank Locked Bag 1 Kogarah NSW 1485

Web-site: http://www.stgeorge.com.au/

Swift code: SGBLAU2S

Financial institution code: STG

Stock code: SGB

ABN: 33 007 457 141

BSB: 112-908

Westpac Bank

Head office’s address: 275 Kent Street

Contact center: 13-20-32

Phone: 61-2-9155-7700

Mail address: 275 Kent Street, Sydney, NSW

Web-site: https://www.westpac.com.au/

Swift code: WPACAU2S

Financial institution code: WBC

Stock code: WBC

ABN: 33 007 457 141

BSB: 032-063