Everyday accounts · Going further · 6 of 6 · About 3 minutes
Reading a real everyday account
Three real accounts, each showing one thing the modules before taught.
- 1Westpac Choice charges $5 a month, waived in any month $2,000 or more goes in.
- 2Bankwest Easy Transaction Account charges no international transaction fee.
- 3Wise Account charges 0.34% to convert money, and isn’t a bank.
Westpac Choice charges $5 a month, waived in any month $2,000 or more goes in.
That’s $0 a year with that much going in each month, and $60 with nothing going in. It lists 3 other waivers too.
Bankwest Easy Transaction Account charges no international transaction fee.
On your $3,000 spent overseas in a year, that’s $0 in fees. At ANZ Access Advantage’s 3%, it’s $90. Its own overseas ATM fee is $0 too; an ATM’s owner may still charge one.
Wise Account charges 0.34% to convert money, and isn’t a bank.
On your $3,000 a year, that’s $10.20 in fees, against $90 at ANZ Access Advantage’s 3%. Money held with it isn’t covered by the government’s $250,000 guarantee.