which banks have interest free accounts

[aussiemu]

assalamu alaikum

Does anyone know which banks have interest free accounts or the ability to remove interest from the account?

jazakallah khair

[UmMKY]

I have a westpac choice account I don't accrue interest on it but rather I have to pay a $5 monthly fee

[msam]

Both Comm Bank and ANZ do, upon request. I am not sure what the exact account name is. But you are given Visa Debit card and if your salary (ANZ) or $2K or more (Comm Bank) gets credited to the account monthly fees are waived.

[shaquille20]

Most big banks do interest free accounts at your request... NAB has accounts which are interest free and montly account fee free...

[tatar]

You can arrange with Westpac to not get any interest on your accounts, but you have to pay an extra nominal fee.

[Abu Layla]

Both Comm Bank and ANZ do, upon request. I am not sure what the exact account name is. But you are given Visa Debit card and if your salary (ANZ) or $2K or more (Comm Bank) gets credited to the account monthly fees are waived.

This isn't true for ANZ Visa Debit, at least not the one I'm on. I specifically asked for an account that has no interest, and then I got charged interest for overdrawn account, on top of a fee. Thinking of switching banks now but don't know where to go. kellon adrab min ba3d

[msam]

I think most do charge interest if the account balance is in negative (or overdrawn) similar to late payment credit card. I understood the sis was after a bank which do not pay interest to us, when the balance is positive. Thus suggested ANZ and Comm Bank. Agreed its not 100% interest free...

[Maree]

You need to specifically state u want interest fee due to religious purposes. Just say u dnt want to gain or give interest. With commbank they hve a 0.01% interest and u can nominate a charity that they can transfer that interest for u. Nab has the 0.01% interest also wen u request u dnt want interest at all but the bonus with them is that they hve a product with no account fees, whereas commbanks has fees if u dnt put $2000 in account each mnth they charge like $6 or so. From my understanding comm/nab both hve that 0.01% interest.

[Najah]

anz visa debit

[xclusiveideas]

Citibank does not pay interest on their everyday citibank plus account. Have a look at http://citibank.com.au/aus/banking/everyday_banking.htm