86 400 Bank Review. All you need to know.

Roberto Efflandrin

86 400 is an Australian neobank that is backed by National Australia Bank — NAB.³ Wondering what this name means? You're in luck, we'll break it down. There are 86400 seconds in a day, and 86 400 bank claims to help Australians have more control over their money each and every second of their day.

In this article we’ll explore what this bank has on offer both in terms of regular or international banking, and take a look at Wise as an alternative banking service.

💸 Looking for a stress-free international account, with your very own local AUD account details?

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Wise Multi-Currency account

Types of accounts on offer

86 400 has three main offerings for everyday banking;

86 400 Spend Account

The Spend Account is for everyday transactions and comes with a debit card. It allows you to spend money in Australia and overseas. You can also connect it to PayID and receive money sent locally, instantly. ¹

86 400 Save Account

The Save account gives customers the opportunity to earn bonus interest while also allowing them to set up direct debits, and send and receive payments. You have instant access to the money you save in your savings account.²

86 400 Shared Accounts

Both the Spend Account and the Save Account have the capacity to be shared between two people. Both parties can make payments, withdraw funds and check the account information.³

How do you open an account with 86 400 Bank?

To open an account with 86 400 you just need to download their app from the Apple app store or Google Play, then follow the signup flow.³

What are the requirements to open an account?

To be able to open an 86 400 bank account you’ll need to meet the following criteria.³

  • 16 years of age or older
  • An Australian citizen or Australian Permanent Resident with an Australian residential address

Which documents do I need to open an account?

When you apply for an 86 400 account you’ll need an Australian phone number and at least one of the following documents.³

  • Australian drivers licence
  • Birth certificate
  • Passport
  • Medicare card

86 400 Bank international transfers.

Unfortunately 86 400 accounts are unable to send or receive money internationally. This means no international transfers with 86 400 bank. You can only do domestic bank transactions.⁴

The good news is Wise can help you with any international money transfers you might need to do. You can use the Wise International money transfers system to make secure one off payments to over 80 countries around the world.

Meet Wise

There are no hidden fees and your money is exchanged using the mid-market exchange rate, like you see on Google.

Simply set up a transfer on Wise, then make payment by sending your AUD from your 86 400 account to Wise’s Australian account and voila! Wise will take care of the rest.

86 400 Exchange Rate

86 400 allows customers to spend money overseas using the Spend Account¹, but their website doesn’t mention what exchange rates they base their foreign currency exchanges on.

Cost, running fees that come with the account

This table gives you an idea of how the fees for an 86 400 Spend Account compare to a Wise Multi currency account.

Fees 86 400 Spent Account¹ Wise Multi Currency Account
Account monthly fees Free Free to hold up to $23,000 AUD per month. 0.00437% daily holding fee for any amount over $23,000 AUD.
International transfer fee (for a sample amount of $1,000 AUD to GBP) International transfers are not available with this account. Small payout fee + 0.45% variable conversion fee (e.g. for a transfer of $1,000 AUD to GBP, the total fee charged is $5.14 AUD) You can make a fee calculation here.
ATM withdrawals Free (Some domestic and/or international ATM operatorsmay charge a fee) You can take out money for free twice a month — as long as the total amount is under $350 AUD. After that, there is a $1.50 AUD per transaction fixed fee. If you take out over $350 AUD in one month, there is a 1.75% on the amount exceeding that. See card fees here.
Spending currencies held in your account Free Free

Wise rate as seen on 14 February 2022

What are the main pros and cons of the 86 400 accounts


  • No setup or monthly fees¹
  • No transaction fees from 86 400 when you use your card overseas¹
  • You can open joint Save and Spend accounts³


  • The basis for foreign exchange rates aren’t clear
  • It is not possible to send or receive money from overseas banks⁴
  • No in-branch support

Is 86 400 Bank bank safe?

86 400 is part of the NAB Group and comes under their Australian Credit Licence, meaning it is backed by one of the big four Australian banks.³ You’ll still want to do your due diligence and read their terms and conditions.

86 400 bank contact details.

If you want to get in touch with 86 400 you can call them on one of these phone numbers.⁵

  • 1300 086 400 within Australia
  • +61 2 9058 7486 overseas

Alternatives to 86 400

If you’re not sure if 86 400 is the bank for you, then maybe you’d prefer one of the traditional Australian banks like Commonwealth, Westpac, ANZ or NAB. Alternatively, if you like the idea of a neobank but want to know what else is out there, you can take a look at some of the others such as Up.

The Wise way

Wise is a secure online financial provider that is regulated by the Australian Securities and Investments Commission (ASIC). With a Wise Multi currency account you can get AUD account details, as well as account details for many of the world’s major currencies.

There are no hidden fees and you can send and receive money in over 50 different currencies, using the real exchange rate.

The account can be linked to a Wise debit card, allowing you to easily spend your money on a daily basis. If this appeals to you then take a look at the account for yourself and see just how easy it is to set up.

Open your Wise account in minutes


  1. 86 400 - Spend
  2. 86 400 - Save
  3. 86 400 - FAQs
  4. 86 400 - General Terms
  5. 86 400 - Contact
    Sources checked on: 14 February 2022

Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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