Youth Access Account
Xinja Bank Account
The Xinja bank account is an everyday transaction account with zero ATM fees, zero account fees and no currency conversion fees.
$0
Monthly
$0
Online only
Xinja Bank Account
$0
Monthly
1.50%
$2
Over 3,000 rediATMs
Pros
- $0 account keeping fee
- App banking available
- Has 1% - 1.5% interest available
Cons
- 3% fees apply for overseas transactions
- 1% - 1.5 interest available when you deposit minimum of $1
- 1% interest available when you deposit minimum of $1
Minimum opening amount $1 | Internet banking Facility |
Minimum balance | App |
Min. deposit for fee free $0 | Branch Access |
Min. age restrictions N/A | Overdraft Facility |
Max. age restrictions 16 years old | Free counter transactions |
Linked Account | Daily ATM withdrawal limit $0 |
Joint application available | Interest Calculation Frequency Daily |
Cheque services | Interest payment frequency Monthly |
ATM access | Min. balance to activate rate $1 |
EFTPOS Facility |
Account Keeping Fees $0 Monthly | Cheque dishonour fee |
Internet transaction fee $0 | Counter deposit fee $0 |
EFTPOS Fee | Counter withdrawal fee $0 |
Cheque fee | Foreign transaction fee 3% |
Phone transaction fee $0 | ATM withdrawal fee $1.5 |
Overseas eftpos fee | Network bank atm fee waiver $0 |
Overseas atm withdrawal fee | Other bank atm withdrawal fee |
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FAQs
You don’t need a bank account to send or receive money through PayPal. However, you do need a bank account if you want to withdraw money from your PayPal account.
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.
Most Australia-based lenders will allow you to set up a bank account online. Requirements vary from lender to lender, but you will probably need to provide a passport or birth certificate, as well as a driver’s licence, Medicare card or another form of secondary ID.
Opening a bank account online is a simple process and only takes between five to 10 minutes to complete. To get started you will need a computer or smartphone with internet access.
Information to have available when you’re ready to apply is:
- Identification (such as driver’s licence, birth certificate, passport, proof-of-age card)
- Tax file number
- Residential address, email and a contact number
In some cases, you might be asked to provide employment details. If you’re not able to verify your identity online, most financial institutions let you provide this in the branch at a later date.
There are some types of bank account that you can apply for only in a branch. However, most bank accounts can be applied for conveniently online.
For privacy reasons, Australian banks won’t hand out account numbers or other details about their customers. However, if you provide a bank with a BSB and account number, they should be able to confirm if those numbers belong to one of their customers.
If your bank offers online services, you should be able to find your bank account number online by logging into your account on your bank’s website and checking your details there.
Keep in mind that each type of account you have with a bank comes with a unique account number. This means if you have a bank account as well as a savings account, for example, your bank account number and your savings account number will be different.
If you don’t have access to your bank account online or can’t login, you should be able to find your account number on a mailed bank statement, if you have one.
Alternatively, you can call your bank’s customer service number or visit a branch to retrieve your account number.
Yes. Some payday lenders are willing to transfer loans to prepaid debit cards instead of bank accounts.
You don’t need a bank account to sell on eBay. But if you don’t have a bank account, you must provide either a credit card or debit card.