You could save hundreds of dollars a year, without changing banks. Reduce your transactions The fewer transactions you make, the less you'll pay in fees. That's three electronic transactions, each costing money. Electronic banking covers transactions such as eftpos and ATM withdrawals. Manual transactions are things like cheques and depositing money over the counter.
Most banks charge less for electronic transactions than for manual ones.
Therefore, make your cash withdrawals when you shop or from an ATM, rather than through a bank teller, and organise direct debits for your bills. Be aware, however, that both WestpacTrust and AMP Banking charge fees to set up direct debits. It's true that a small number of retailers charge for eftpos transactions. One major drawback with eftpos is that there must be enough money in your account that second to cover the transaction. However, you get a number of free transactions and calls per month.