Features & benefits
Edge Account
50+ Account
Which is the right transaction account for me?
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Tap and pay with your smart device or Visa Debit card
Earn bonus interest by linking to a savings account like Home Saver (T&Cs apply)
Earn up to 2.65% p.a. on balances greater than $50,000
Link to your eligible home loan and save on interest
Benefits of the Great Southern Bank App
Our mobile app is packed with features to make banking on the go a breeze. Downloading it is super-simple, after which you’ll immediately be able to:
- Temporarily lock your card, report it lost or stolen, change your PIN, and much more.
- Check your balance and last six months’ worth of transactions.
- Easily share your account details with prospective payers.
- Take the pain out of making and receiving payments with BPAY or PayID.
- Add your Visa Debit card to your digital wallet.
- View the latest interest rates for your accounts.
Banking on the go from the convenience of your phone
Why Switch to Everyday Edge?
Everyday Edge Account
- $0 monthly account fee
- Unlimited fee-free transactions
- Save on international card transaction & ATM fees+
Home Saver Account
- $0 monthly account fee
- Dip into your savings without losing your bonus interest
How to earn bonus interest
Each month, deposit $2,000 or more into your Everyday Edge Account from a non-Great Southern Bank account.
Using a Visa Debit card from your Everyday Edge Account, make at least five eligible transactions each month.
Enjoy a combined 0.50% base rate and bonus 4.75% rate on Home Saver balances up to $100,000.
How to open a transaction account
You’ll need your ID, mobile phone, and email address. Depending on the account you choose, there will be a few eligibility requirements. Don’t forget to check before you apply.
Why choose Great Southern Bank?
We’re customer-owned, so our profits go towards delivering better products and services rather than to shareholders. We believe it’s a more transparent way of doing things and why we’ve been trusted by Australians for more than 75 years.
FAQs
A transaction account (sometimes known as an ‘everyday account’) is used for day-to-day banking such as paying bills, shopping, and transferring or receiving funds. Savings accounts, on the other hand, are designed to grow your bank balance.
Typically, this means that transaction accounts don’t pay interest (although there are exceptions such as our Everyday 50+ Account), whereas savings accounts do. Some, such as our Home Saver, Goal Saver, and Future Saver accounts, even offer bonus interest when certain eligibility criteria are met.
The eligibility criteria are different for each savings account and can be found on the relevant product pages. To take our Home Saver account as an example, you can earn bonus interest just by pairing it with an Everyday Edge Account. To qualify, you need to deposit $2,000 or more (e.g. your salary) into your Everyday Edge Account from a non Great Southern Bank account and make at least five eligible Visa Debit card transactions each month.
Opening a Great Southern Bank transaction account is a breeze. Simply click on the ‘Open in 5 minutes’ button at the top of the relevant webpage and follow the prompts.
You will need to provide an eligible form of ID and answer a few basic questions. But if you’re already a customer, we’ll already have that information, so the process should be closer to one minute than five!
A child aged 10 to 17 years can open an account independently in the way described above. Or, if you as their parent or guardian prefer, you can apply together and be a signatory on the account.
Yes. Money placed in a transaction account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).
The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.
You can open a transaction account with as little as $1. There is no minimum or maximum amount to keep in your transaction account. All you need to do is ensure you have enough funds to cover the purchases you make.
Yes. You’ll get a Visa Debit Card with your Everyday Transaction account that can also be used with Google PayTM, Apple Pay and Samsung Pay.
You’ll never feel weighed down by your wallet when you can use your phone to tap and pay securely at the checkout.
The limit for Fast Payments made via PayID and OSKO is fixed at $5,000 and can’t be increased. You can, however, increase your daily transfer limit for Pay Anyone payments to a maximum of $30,000. For more information on how to do this, take a look at our how-to guide.
Simply register for online banking or download our mobile banking app and follow the prompts.
We take security very seriously and have several features to keep your online and mobile banking safe and secure.
For starters, you’ll always need your customer number and password to log in to digital banking. You can also take advantage of our special features for extra security and peace of mind.
Our key security features include:
- Biometric login.
- Transaction notifications
- Security questions
- Change your password anytime
While we take proactive steps to fight fraud, it’s important that our customers also take an active role in keeping their accounts secure.
Our online security checklist contains more tips and tricks to keep your account secure. And as always, never share your password with anyone.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
#To request an offset account be linked to your eligible home loan, contact us 133 282, visit your nearest branch or send us a secure message in Online Banking as a Home Loan Enquiry. Refer to your Essential guide to your Great Southern Bank loan document for mortgage offset terms and conditions and the Terms and Conditions (T&Cs) booklet.
*Rates current as at 22 May 2026 and is subject to change. Rates and bonus interest criteria are subject to change. Interest is calculated daily and paid monthly. The base rate of interest is payable on the whole balance held in your Home Saver Account. Bonus interest is applied on top of the base rate on balances up to $100,000 in a calendar month if, prior to the last day of that calendar month:
A. You receive deposits totalling $2,000 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank account into your Everyday Edge Account/s; and
B. At least 5 Visa Debit card purchases have been processed from your Everyday Edge Account/s and are not in pending status (excludes ATM withdrawals, eftpos cash out, balance enquiries and Bank@Post transactions).
The Great Southern Bank Everyday Account, Great Southern Bank Everyday Edge Account and Great Southern Bank Everyday Youth Account are designed to help you manage your day-to-day transactions, so they do not earn interest. For accounts that do earn interest, please consider the Great Southern Bank Everyday 50+ Account (if you are eligible) or check our range of savings accounts and term deposits.
+ A fee rebate will be applied to your Everyday Edge Account on the first day of the next calendar month for all Great Southern Bank Visa Debit International Transaction Fees and Great Southern Bank Overseas ATM Cash Withdrawal Fees debited during the current calendar month if, prior to the last day of that calendar month: A. You receive deposits totalling $2,000 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank account into your Everyday Edge Account; and B. At least 5 Visa Debit card purchases have been processed from your Everyday Edge Account and are not in pending status (excludes ATM withdrawals, eftpos cash out, balance enquiries and Bank@Post transactions). International non-Great Southern Bank fees may apply.
>> Rates current as at 22 May 2026 and are subject to change. Stepped interest rates apply: 0.10% p.a on balances under $5,000, 1.55% p.a. on part of balance from $5,000 to $50,000, and 2.65% p.a. on part of balance over $50,000.
^^ This account does not earn interest. To view the Target Market Determination for Debit Cards, please click here.
^ Everyday Youth Account does not earn interest and converts to an Everyday Edge Account once you turn 18 years old.
> Google Pay is a trademark of Google LLC. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd. Mobile network provider charges may apply. Access is subject to availability and maintenance, refer to our website for more information.
To view the Target Market Determination for Everyday Transaction Accounts, please click here.
Not sure which account is right for you? Compare transaction accounts
The Everyday Account has been designed for customers aged 18+, who want a low fee product and access to their available cash funds with features such as mortgage offset eligibility.
This product may not be right for you, if you:
- Do not wish to offset their account balance against a Great Southern Bank Home Loan. Our Everyday Edge Account may be more suited to you.