Everyday Account (Under 25)
- Last updated on 04 Apr 2020
Everyday Global Account
Cashback$100 Bonus for new HSBC customers and 2% cashback (upto AUD 50/month) on tap and pay (payWave, Apple Pay and Google Pay) for purchases under $100.
No overseas transaction or ATM fees and benefit from up 10 currencies in one account
Over 13,000 ATMs customers can use in Australia with no ATM fees
Everyday Global Account
Over 3,000 Westpac Group ATMs
- $0 account keeping fee
- Linked Visa debit card
- App banking available
- Has 0.01% interest available
- 3% fees apply for overseas transactions
Minimum opening amount
Internet banking Facility
Min. deposit for fee free
Min. age restrictions
Max. age restrictions
24 years old
Free counter transactions
Daily ATM withdrawal limit
Joint application available
Interest Calculation Frequency
Interest payment frequency
Min. balance to activate rate
Account Keeping Fees
Cheque dishonour fee
Internet transaction fee
Counter deposit fee
Counter withdrawal fee
Foreign transaction fee
Phone transaction fee
ATM withdrawal fee
Overseas eftpos fee
Network bank atm fee waiver
Overseas atm withdrawal fee
Other bank atm withdrawal fee
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Newcastle Permanent is an independent, mutual organisation that provides a full range of retail financial products and services to its members. The company has a long established history of returning profits and benefits to its community. This is demonstrated in their dedication to customer service, large branch network and a wide range of community based initiatives. Benefits are also passed onto customers through their competitive product set which includes car loans, personal loans, credit cards, savings account, term deposits and home loans.
If you’re under 18 and you want to open an Australian bank account, you will need your passport or birth certificate. (Some lenders might require just a Medicare card or driver’s licence.) You can apply online or at a branch. If you’re 13 or under, you will probably need a parent to accompany you to a branch.
The good news for savvy young folks like you wanting to take charge of your finances is that there are many bank accounts available for under-18s.
For bank accounts that require you to be 18 or older, you’ll have to rope in a parent or guardian to open the account for you.
Otherwise, you can apply by yourself online or at the branch of the bank, credit union or building society that has the account you would like to open.
If applying online, you might be asked for a form of identification. For under-18s, this could be a Medicare card you’re listed on, your birth certificate and/or your current home address.
In most cases, you can verify your identity online (at the time of applying) or at the branch afterwards.
Yes, you can open a bank account at 16, or even younger. If you’re 13 or under, you will probably need a parent to accompany you to a branch.
As a British expat, you can open an Australian bank account, and you can apply for an account the same ways an Aussie would. You can even open an account online from the UK prior to relocating.
If you’re overseas, the bank you choose to open an account with may call you to provide you with our new account details beforehand. You can then have your ID verified within a branch once you’ve arrived.
And if you’re already living down under, the following list outlines the types of information required by most banks when opening an Australian bank account.
- Australian residential address
- Tax file number (TFN) or a TFN exemption
- Identification (this can be your passport)
To get a credit card, you need to show proof of income, which will almost certainly require you to have a bank account.
Overdrawing a bank account can happen by accident. It’s often hard to know what your balance is, particularly with direct debits, scheduled repayments and pending transactions competing for cash.
To avoid being stuck with a bank fee every time your account is overdrawn, you can apply for a personal overdraft. This will enable you to overdraw your account up to an approved amount.
A personal overdraft is connected to your CommBank Everyday Account, so you can enjoy easy access to extra funds once approved – anywhere from $100 up to $20,000.
Your overdraft funds can be accessed via your CommBank keycard or Debit MasterCard, or online through NetBank and the CommBank app.
To apply you can either call the Commonwealth Bank directly or visit your local branch.
Yes, you can open another account at the same bank if you already have an account there, but some banks place a limit on how many specific accounts you can open.
Generally, though, it is possible to have more than one everyday account, one personal account and one joint account, or have different types of accounts – such as a transaction account and a savings account.
Keep in mind that some bank accounts come with fees, so you could be charged twice for having two types of the same account at the same bank.
Also, if you have more than one high-interest transaction account at the same bank, only one account will be able to earn the highest rate of interest.