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It's not as hard as you think.

At Bank Australia, we want to help you do more good. Good for yourself and good for the planet. 

So, you’re ready to switch to clean money… but is it going to be just too hard? Is changing banks the worst life admin job ever?

No! It can actually be a lot easier than most of us think.

It’s still life admin, yes, which is boring, yes. But it’s absolutely worth it to know your money is doing good, not harm, and it’s truly not that painful.

 

Read about clean money

Six steps for switching

 

 

1. Open an account 

The first step! Open an Everyday Access account online. It’ll take you five minutes. If you have a savings account, open one of those too.

 


2. Move your money 

Jump into your old bank’s App and transfer your money over, both your every transaction account and your savings.

 


3. Update your work 

Email HR, fill in the form, text your boss: however your work manages personal details, update yours to make sure your pay finds you.

 


4. Get the App 

Download the Bank Australia App from the App Store or Google Play. Once you’re in, set up your PayID, Round UP, card controls and change your PIN.

 


5. Update your direct debits and credits

Yes, updating your credits (like your salary) and your debits (like your mortgage or rent payments} is probably the least fun part of the process.

But it’s easier than it used to be! Why? We can do a chunk of it for you. Just complete and send us this 'Switch regular payments' form and we can transfer direct credits and debits to your new Bank Australia account.

There’s more good news too.

Since July 2019, banks must give you a list of all your direct debits and recurring payments from the last 13 months. Ask them for that list so you don’t miss any. Then update your details with those companies directly. Most of the time you can update by logging into your online account – a phone call is rarely needed.

Don’t forget accounts/profiles you have too, things like:

  • PayPal
  • Rideshare e.g. Uber and Didi
  • Online shopping e.g. ASOS and The Iconic
  • Streaming services e.g. Spotify, Netflix, Stan, Amazon Prime
  • Memberships e.g. gym, union, sports clubs, newspapers and magazines
  • Household things e.g. bills, food boxes like Marley Spoon or Dinnerly, Who Gives a Crap, TOMs Organic
  • Government services (log in to myGov for lots of these) e.g. Medicare, ATO, Centrelink

 


6. Close your old accounts 

Contact your old bank and close those accounts. Some banks let you do this in their App, others you’ll have to call.

 


Bonus steps

Feeling really productive? Here are some bonus steps to set yourself up perfectly.

  • Text your friends and family your new BSB and account number (hint: BSB is 313 140)
  • When you card arrives, set up Apple/Samsung Pay on your phone
  • Follow us on Instagram for the cool stuff we and our customers are doing

The fine print

General advice warning
In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.

How to bank fee free
We will waive the $5 monthly fee for your Everyday Access account if one of the following applies to you:

  • Under 25 years of age
  • You deposit $2,000 or more in external deposits to your Everyday Access account each month (like your salary)
  • Support the bank with savings, loans, and/or investments to the combined value of $50,000 or more
  • Receiving government benefits a pension? We offer other fee free accounts. Find out more

If you don't qualify for fee free banking, the monthly fee on your Everyday Access account is $5 for unlimited transactions.