When it comes to financial services, Australian consumers have never had more options with increased competition from customer-owned banks.
At the top of this list sits fees. Nobody likes paying more than they have to for their bank accounts and associated services, and thanks to new products like Beyond Bank’s Purple Transactor Account , they don’t have to!
Beyond Bank’s Purple Transactor Account.
So what do all of these changes really mean? Well, the bottom line is that if you’re paying any unnecessary fees for your banking, there’s could be an alternative account out there that offers the same service but without all of the associated costs. This is where the Purple Transactor Account comes in, representing great value for Australian consumers who don’t want to pay everyday fees but still need a modern account that boasts modern banking technology.
Let’s start with the fees themselves. The Purple Transactor Account is designed to be as competitive and affordable as possible, and as part of that, we’ve done away with all sorts of different fees1, including:
- Monthly account fees (with no minimum deposit)
- Osko/PayID fees
- EFTPOS fees
- BPAY fees
- Beyond Bank ATM fees
- Direct debit fees
- Dishonour fees
- Overdrawn account fees
- Branch withdrawal and deposit fees
- Declined transaction fees
- Replacement card fees
- Overseas ATM withdrawal fees.
Importantly, the Purple Transactor Account also comes with the latest banking technology, such as Apple^, Google* and Samsung Pay# so you can load your eligible Beyond Bank Visa card to your phone and other devices to make fast and easy transactions, almost anywhere you shop. Plus, you’ll have easy integration with the New Payment Platform’s Osko and PayID service, so you can send and receive money instantly~ between eligible accounts, 24/7. By embracing these innovations, the account provides users with a modern banking experience that shouldn’t eat up your money through fees.
For all of these reasons, and its competitive pricing, in particular, it’s easy to see why the Purple Transactor Account has been designated a 5-star account by Canstar2. To find out more, get in touch  with the Beyond Bank team today.