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- First Access
First Access
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0
Maximum interest rate
1.45%
First Access
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0
Maximum interest rate
1.45%
Pros and Cons
For First Access
Benefits
- can be opened on behalf of the child by a parent, grandparent or legal guardian; or opened independently by the child at age 15
- Account holders can get newsletters with banking tips and range of financial literacy resources
- $0 account keeping fee
- Linked Visa debit card
- App banking available
- Apple Pay, Google Pay available
- 1.45% interest applies
- Send money using PayID
Drawbacks
- $2.5 Overseas ATM Withdrawal Fee
- 3% fees apply for overseas transactions
Bank First Rate Bank Account overview
For First Access
Account details
Minimum opening amount
$0
Min. age restrictions
N/A
Minimum balance
Max. age restrictions
17 years old
Interest calculation frequency
Daily
Interest payment frequency
Quarterly
Features
Linked account
Send money using PayID
Joint application available
Free international account transfer
Foreign currency
Target Market Determination
Visit Bank First - Victoria Teachers Limited 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
ATM withdrawal fees waived for CBA, Westpac, NAB and ANZ
Daily ATM withdrawal limit
$1,020
EFTPOS fee
$0
Overseas fees
Overseas ATM withdrawal fee
$2.5
Overseas eftpos fee
Foreign transaction fee
3%
Other transaction fees
Phone transaction fee
$0
Internet transaction fee
$0
Counter withdrawal fee
$2.5
Free counter transactions
Counter deposit fee
$0
