Bank accounts

Welcome to Australia! Whether you've moved here for work or study, with your family or by yourself, we're here to help make your banking easier.

What are the types of bank accounts?

Transaction account

A transaction account is traditionally used for day-to-day expenses and often comes with a debit card1 (age dependant) so that you can withdraw cash or pay for things instore or online.

Savings account

Savings accounts are intended for saving purposes. These accounts may offer interest on your money, allowing you to set money aside and grow your funds.

Savings & Transaction bundle

Get the bundle with a linked transaction account and savings account.

Popular bank accounts for migrants

Transaction account

Complete Freedom

  • $0 Account-keeping fee

  • Get a Visa Debit card1 if you are 14 years old or over
  • $0 international transfer fees when you send foreign currency overseas via Internet Banking
  • Manage your money on the go with the St.George Mobile Banking App
  • Open your account online – it only takes a few minutes.


 

Open now

Savings account

Incentive Saver

  • $0 Account-keeping fee

  • Earn up to 5.15% p.a. total variable rate for each month you qualify for bonus interest^
  • Open your account online – it only takes a few minutes.


 

Open now

Transaction + Saving account

Complete Freedom + Incentive Saver

  • $0 Account-keeping fee on both accounts
  • Get a Visa Debit card1 if you are 14 years old or over
  • Earn up to 5.15% p.a. total variable rate for each month you qualify for bonus interest^
  • Open your account online – it only takes a few minutes.


 

Open now

Get a $50 boost to your savings

Open a new Complete Freedom account with an eligible savings account by 31st March 2027.

Spend $50 or more within 15 days, and we’ll drop $50 straight into your savings.

T&Cs apply# For new single account holders who’ve not held a St.George Bank Complete Freedom account or savings account in the past 2 years.
 
Learn more

How to open an account

1.
Have your ID handy
(Types of ID you can use) 
2.
Ages 14 or over: Open your account(s) online via the Open now button.
3.
Start using your account(s).

Tips on making Australia your new home

Moving to a new country is a big step. We are here to help you settle down and start banking in Australia.

Find out more

Call us

13 33 30

+61 2 9155 7800 (from overseas)

Visit a branch

Find your nearest branch

Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.

Read the Visa Debit Terms and conditions, (PDF 281KB) including for fees and charges that may apply, before making a decision and consider if it is right for you.

Read the Terms and Conditions (PDF 739KB), including for fees and charges that may apply, before making a decision and consider if it is right for you.

For more information on Internet and Mobile Banking, please read Internet and Mobile Banking T&C's. (PDF 1MB)

St.George accounts interest rates.

^ Incentive Saver: To meet bonus interest criteria you are required to grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and your account balance can not fall below $0. The eligibility calculation will occur by 11:59pm on the last business day of the month. The rate will be calculated on the daily closing balance of your account at the end of each day. Bonus interest rate may differ depending on account balance.

Online bonus offer available for a limited time only. Excludes joint accounts. Offer may be varied or withdrawn at any time.
 

1.  To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over. 
 
# The $50 Cashback Promotion Terms and Conditions

This promotion runs from 9th June 2026 to 31st March 2027. 

To be eligible you must: 

- 18+ and have not held any transaction account or savings accounts with St.George Bank in the last 2 years from the date the last transaction or savings account closure.  

- Open a new Complete Freedom account AND, either a Incentive Saver OR Maxi Saver. Accounts must be in the same name, activated and ready to use. 

- Make eligible purchases totalling at least $50 using the debit card linked to your account within 15 calendar days of the first account being opened. Transaction(s) must be processed (not pending) by the end of the 15th day. 

- Transaction(s) must be customer-initiated and does not include interest payments, direct debits or internal transfers between your St.George Bank accounts. 

- Keep the account open for a minimum of 60 days after you meet all other eligibility criteria. 

- Hold the accounts in one name only. These accounts cannot be joint accounts.  

If you meet the above: 

- You're eligible for a one-time $50 payment. 

- The $50 payment will be made to your Incentive Saver OR Maxi Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria. 

- If you open more than one Incentive Saver or Maxi Saver account, the $50 payment will only be made once into the first savings account opened and activated. 

- This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated. 
 

Important Note: 
Newly opened Debit Accounts will not require approval. However, card delivery [generally] takes 7 – 10 business days to be mailed to customers.