Bank Account Articles

Can you close a bank account with pending transactions?

In most cases, your bank withholds the amount owing for pending transactions (such as online purchases). Because the pending amount is deducted from your bank balance, you can close your bank account and the purchase will be honoured.

How can I find bank accounts in my name?

If you’ve ever opened more than one bank account in the past, could you have forgotten about some money that you’ve left behind, which is still waiting to be claimed? And if you think you might have, or if you’re not quite sure, how can you go about finding these outstanding accounts and claiming this unclaimed money?

How do you deposit cash or change into your bank account?

Not sure what to do with your loose change and spare cash? Most banks will let you deposit change or cash into your bank account by visiting a branch and doing so in person or using a deposit ATM.

Do other comparison sites offer the same service?

Trying to get your head around what exactly  a comparison site is and how they differ from each other? Look no further, as we break down how the platforms differ, and how RateCity separates itself from the pack. 

Money habits every 30-something should have

Whether you’ve just turned 30 (happy birthday) or you’re planning for the future, there are a few fundamental money habits that every 30-something should have.

How long does it take to open a bank account?

The advent of technology means you could have a new bank account up and running in just a few minutes. However, it may take days to receive your bank card in the mail. Additionally, some accounts require a lengthier processing time before they're activated.

Can foreigners open a bank account in Australia?

Opening a bank account in Australia is a relatively simple process which can be started by comparing the different types of bank accounts foreigners can open in Australia. Once you’ve found a bank account that suits your needs, you can start the application process.

Can I open a bank account in another country?

Offshore banking by Australians is entirely possible. It could be for overseas investment, higher interest-earning potential or to access foreign banking services. The process for opening an offshore bank account may differ depending on the financial institution and country in which you’re opening the account.

Can I close my bank account over the phone?

In most cases, you can close a personal or business bank account over the phone. In fact, this is the one of the best ways to ensure you’ve closed an account properly.

Can you deposit money into somebody else's bank account?

One of the easiest banking tasks in the world is depositing money. You can even deposit money into someone else’s bank account if you wish.

Can debt collectors take money out of your bank account?

If you find yourself struggling with an outstanding debt, at some stage you could be contacted by a debt collector. In this situation, remember that both debtors and debt collectors have rights and obligations. For example, a debt collector cannot take money directly from your bank account or salary without a court order.

Can you find your bank account number online?

If your bank offers online services, you should be able to find your bank account number online by logging into your account on your bank’s website and checking your details there.

How do I close a bank account?

Opening a new bank account in Australia is easy, but when you’re trying to close your bank account for good, there could be some extra hoops to jump though.

Can Centrelink access your bank account?

You may have heard stories of Centrelink accessing people’s bank accounts to check on them if fraud is suspected, but is this something it can actually do? 

What is cardless cash?

Can you withdraw cash from an ATM when you don’t have your debit card? It's possible if your account has a cardless cash facility.

Make your finances sustainable: how to decarbonise your money

Australians may be curious to know which financial areas can make the biggest impact if you switch to an environmentally friendly company, so you can decarbonise your money

How do couples split finances?

Finance and romance don’t always go well together, with nearly three quarters of Australian couples clashing over money. There are several different methods available for couples to consider when splitting their finances, each with their advantages and disadvantages.

Bank accounts options for teenagers

There are a range of bank accounts available for teenagers. Let’s view some of the bank options available, and discover how to compare your options.