Australian banks believe that all Australians should have access to affordable banking services. Currently, some Australian banks offer ‘basic bank accounts’ that are suitable for disadvantaged and low-income customers.
A basic bank account is a transaction account that does not charge many of the standard bank fees other accounts typically do.
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ASIC has a website to help you make smart choices about money. For more information about managing your money, you can read this article or visit Money Smart.
Are you experiencing financial difficulty?
If you feel like you’re losing control of your finances, having trouble repaying a credit card bill or making your home or personal loan repayments, then banks can help.
This website is brought to you by the Australian Bankers’ Association