ME Bank

The ME (formerly Members Equity Bank) was built and supported by industry super funds. They have been helping everyday Australians get the most out of their money since 1994 – and that’s not changing. To bring lower fees, higher returns and 24/7 banking to the customers, the bank operates digitally so there is no physical branch.

ME Bank credit card

ME Frank Credit Card

Highlights

Save with one of the lowest ongoing interest rates on purchases at 11.99% p.a.
Cash advances are also cheap, also at 11.99% p.a. with a $4 or 2% fee (whichever is greater).
The perfect annual fee: none.

Pros

11.99% p.a. interest rate on purchases and cash advances.
No annual fee for life.
Get up to 55 days interest-free on purchases.
Low foreign transaction fee.
Easily lock the card from the app if lost.

Cons

You will not earn rewards points on this card.
No interest-free balance transfers.
No complimentary insurance coverage.

ME Bank savings account

ME Online Savings Account

Highlights

Earn up to a 4% p.a. interest rate when you have an Everyday Transaction Account and meet the criteria.
Indulge in convenience with digital wallets connected to your account.
Feel secure with the protection of the Federal Government deposit guarantee of up to $250,000.

Learn all about

Q&As

Who are ME?

ME Bank is a Melbourne-based bank which was born out of the industry super fund, Members Equity. It is now a fully fledged online-only bank offering Australian consumers a range of financial products, including a competitive low-interest credit card. The ME bank place an emphasis on being modern, digitally-savvy and secure, with no branches or ATMs.

ME is 100% owned by 26 of Australia’s leading industry super funds. Profits earned are returned to the super funds.