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- Everyday Account (Under 25)
Everyday Account (Under 25)
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0
Maximum interest rate
0.01%
Everyday Account (Under 25)
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0
Maximum interest rate
0.01%
RateCity says
"Kids and students under 25 can keep their money locked away in this bank account offering a waived account keeping fee."
Pros and Cons
For Everyday Account (Under 25)
Benefits
- $0 account keeping fee
- Linked Visa debit card
- App banking available
- Apple Pay, Google Pay available
- 0.01% interest applies
- Send money using PayID
Drawbacks
- $5 Overseas ATM Withdrawal Fee
- 3% fees apply for overseas transactions
Newcastle Permanent Rate Bank Account overview
For Everyday Account (Under 25)
Account details
Minimum opening amount
$0
Min. age restrictions
N/A
Minimum balance
Max. age restrictions
24 years old
Interest calculation frequency
Daily
Interest payment frequency
Semi-annually
Features
Linked account
Send money using PayID
Joint application available
Free international account transfer
Foreign currency
Target Market Determination
Visit Newcastle Permanent to view Target Market Determination.
Methods of access
Internet banking
ATM access
Phone banking
EFTPOS facility
Branch access
Cheque services
App
App only
Fee details
Monthly fee
$0
Min. deposit for fee free
N/A
ATM & EFTPOS fees
ATM withdrawal fee
$0
Other bank ATM withdrawal fee
Daily ATM withdrawal limit
$1,000
EFTPOS fee
$0
Overseas fees
Overseas ATM withdrawal fee
$5
Overseas eftpos fee
Foreign transaction fee
3%
Other transaction fees
Phone transaction fee
$0
Internet transaction fee
$0
Counter withdrawal fee
$0
Free counter transactions
Counter deposit fee
$0
Cheque fee
$0
Cheque dishonour fee
$9