The Finance Algorithm
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Everyday Account

A day to day bank account that gives you easy access to your money

Savings & transaction accountsBank updated 26 Mar 2026

At a glance

Base rate
0.01%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 0.01%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend0.01%4.80%MoveBank's Online Saver2.25%of 61 institutions57th highest of 61, level with 4 others

Rates

The one rate BankVic publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---0.01%-paid every 1 mo

Fees

14 fees published, grouped by when they're charged.

When you take it out4

  • COMPANY_SEARCH_FEES

    Company search fee to open account.

    $25
  • EMERGENCY_OVERSEAS_CARD_REPLACEMENT_FEE
    $175
  • EMERGENCY_OVERSEAS_CASH_FEE
    $175
  • PERSONAL_CHEQUE_BOOK_FEE
    $10

When you make a transaction2

  • RTGS

    RTGS (Real Time Gross Settlement)

    $15
  • INTERNATIONAL_TRANSACTION_CURRENCY_CONVERSION_FEE

    International transaction currency conversion fee

    3.65% of transaction

When particular things happen8

  • ARCHIVED_RECORDS_30-90_DAYS_SINCE_TRANSACTION

    Fee applies to each record

    $7.50
  • ARCHIVED_RECORDS_OVER_90_DAYS_SINCE_TRANSACTIO

    Fee applies to each record

    $10
  • ARCHIVED_RECORDS_UP_TO_30_DAYS_SINCE_TRANSACTION

    Fee applies to each record

    $6
  • CARD_REPLACEMENT_FEE

    There is a $10 replacement fee for members ordering a replacement card except if it is a faulty card, the card has worn out prematurely or the member is going on holidays at the time of renewal.

    $10
  • DIRECT_DEBIT_DISHONOUR_FEE

    Insufficient Funds in account

    $9
  • DISPUTED_CARD_TRANSACTION_FEE

    Disputed transactions - fee not charged if found to be merchant error

    $25
  • EXPRESS_POSTAGE_FEE
    $7.50
  • MISCELLANEOUS_FEES

    $50 per transaction and $15 per charge for services not otherwise provided in this guide. We will seek your permission before proceeding.

    $50

Features

Offset accountInstant paymentsPayIDDigital bankingUnlimited transactionsApple PayGoogle PayFitbit PayGarmin PayeftposSamsung Pay
  • checkbook available upon request

Eligibility and limits

  • Residency: Australian citizen
  • BankVic Member

Published by BankVic under the Consumer Data Right, last changed by them on 26 Mar 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.