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Great Southern Bank review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Great Southern Bank suits Australian members who want a no-cost everyday debit account and a cheap borrowing rate in the same place. The debit account carries a monthly fee of AUD 0, and the credit card's APR of 11.99% sits under the site median of 20.97%.

Key facts

Best for
Members who want a free everyday account and a low rate credit card in the same place.
Annual fee
A$49 (Source, checked September 26, 2026)
APR
11.99% (Source, checked September 26, 2026)
Currency conversion fee
3.4% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Perks
9 free additional cardholders, 55 days interest-free on purchases (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Credit Union Australia Ltd (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
1946 (Source, checked September 26, 2026)
Features
Multi-currency, Travel
Official website
greatsouthernbank.com.au

Debit cards

Monthly fee
A$0 (Source, checked September 26, 2026)
Currency conversion fee
3.4% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Legal entity
Credit Union Australia Ltd (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
1946 (Source, checked September 26, 2026)
Features
Multi-currency, Travel

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedInTrustpilot

Pros and cons

Pros

  • Monthly fee of AUD 0 on the transaction account, the same as the site median of €0
  • APR of 11.99%, ranking 26 of 133 brands on rate
  • Cardholder extras are listed as 9 free additional cardholders and 55 days interest free on purchases
  • Transaction account features include multi currency and travel

Cons

  • Annual fee of AUD 49 on the credit card, ranking 266 of 301 brands and above the site credit median of €0
  • Currency conversion fee of 3.4%, above the site median of 1% and the credit listing median of 1.85%
  • Rewards type is none, so the card earns nothing back on spend
Great Southern Bank

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Scored 9.0 / 10 by DebitCue.

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Who it suits

  • Members who want an everyday debit account with a monthly fee of AUD 0
  • Borrowers who value a rate of 11.99% and the interest-free purchase window over rewards, since the rewards type is none
  • Holders who use several currencies, since the transaction accounts list multi currency and travel

Who should look elsewhere

  • Anyone hoping to avoid a yearly charge should start with Wise, at £0, or Varo Believe Secured Credit Card, at $0, against AUD 49 here.
  • Chime Card (Secured Visa Credit Card) fits members who want a deposit-backed card with an annual fee of $0 and credit history building, rather than a rate of 11.99%.

Where it sits among rivals

On annual fee the card ranks 266 of 301 brands, and that is where it falls behind the cards with no yearly charge. The interest rate fares much better at 26 of 133, the strongest of those measures. Currency conversion sits mid field at 165 of 181.

How Great Southern Bank compares

Where Great Southern Bank is available

Available
Australia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the credit card cost to keep?+

The card charges an annual fee of AUD 49 a year, and borrowing runs at an APR of 11.99%. For comparison, the site median annual fee is €0 and the median rate is 20.97%, so the annual fee here sits above the middle of the market while the rate sits below it.

How much interest does the card charge?+

The APR is 11.99%, which is below the site median of 20.97%. On the ranking for rate the card places 26 of 133 brands, so borrowing is the stronger side of the offer. The listed perks, 9 free additional cardholders and 55 days interest free on purchases, include the interest-free purchase window.

Is the everyday account free to run?+

The transaction account carries a monthly fee of AUD 0, the same as the site median of €0. The card attached to the account is a debit card, so everyday spending draws on the balance held in the account rather than a credit line.

Which network do the cards run on?+

The cards run on visa, the most common network in the comparison at 58.6%. Acceptance is broad in AU and abroad, though the network choice does not change the annual fee of AUD 49 charged on the credit card.

What does it cost to spend in another currency?+

Currency conversion on the credit card runs at 3.4%, against a site median of 1%. The transaction accounts carry the multi-currency and travel features listed under multi currency and travel, so keeping several currencies in the account is the cheaper route for travel spending.

Is there a rewards program on the card?+

No. The rewards type is none, so nothing is earned back on spending beyond the interest-free purchase window in 9 free additional cardholders and 55 days interest free on purchases. Cards with a cashback or points scheme are the alternative if earning matters more than keeping the annual fee at AUD 49.

Which country is the bank in, and how old is it?+

The legal entity is Credit Union Australia Ltd, headquartered in Australia and trading since 1946. The name reflects a credit union structure, and the credit cards and transaction accounts sit under the same brand, which is useful when you weigh the card fees against the account fees.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Great Southern Bank

Great Southern Bank

Members who want a free everyday account and a low rate credit card in the same place.

9.0/10See alternatives