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Bank First First Access Account

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The Bank First First Access Account is a no-fuss, easy to use first account for children and teenagers.

This is a straightforward transaction account ideal for kids and teenagers who are new to banking as it encourages saving and teaches them about managing a bank account. They will also enjoy zero transaction and account-keeping fees, allowing them to save every dollar they deposit.

$0

Account keeping fee

$0

ATM withdrawal fee

$2.5

Overseas ATM withdrawal fee

2.5%

Overseas transaction fee

of transaction value

Details

Product NameBank First First Access Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$2.50
International transaction fee2.5%
Monthly deposit required to waive account feeN/A

Expert review

Janice Bondoc

Review by


Janice Bondoc is a Publishing Support Assistant for finder.com.au's banking and investments section. She is determined to be joyful and hopeful in whatever situation she may find herself.

Expert review

Bank First is an award-winning, customer owned and run mutual bank, with all profits invested back into the Mutual rather than to shareholders.

Key features

Interest rate of 0.5% p.a.

The account offers an interest rate of 0.5% p.a., which applies no matter the size of your account balance. This rate is variable and subject to change according to the Reserve Bank of Australia's cash rate.

Daily rate calculation

The variable interest rate of 0.5% p.a. is calculated daily on funds in the account and applied quarterly.

Compare other Bank First products


How to apply

Eligibility

If you would like to apply for a Bank First First Access Account, you need to meet the following criteria:

  • Maximum age. You need to be under the age of 18 to apply for this account.
  • Residency requirements. You need to be an Australian resident to apply for this account.

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