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CUA Everyday Youth Account

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This is an everyday transaction account with no monthly fees for young Australians aged between 10 and 17 years old.

The CUA Everyday Youth Account is a convenient transaction account for day-to-day spending for young Australians. The account has no monthly account keeping fees to worry about and offers Apple Pay, Samsung Pay or Google Pay as well as comes with a free linked Visa Debit Card or a rediCard. This account provides a good start for learning how to manage your money from a young age.

$0

Account keeping fee

$0

ATM withdrawal fee

$4.5

Overseas ATM withdrawal fee

2.95%

Overseas transaction fee

of transaction value

Details

Product NameCUA Everyday Youth Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$4.50
International transaction fee2.95%
Monthly deposit required to waive account feeN/A

Expert review

Alison Banney

Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

Customers aged 14 or older will receive a free linked Visa Debit Card with the account, and those aged under 14 will instead receive a rediCard.

Key features

No monthly fees

With the Everyday Youth Account you will not have to pay any monthly account keeping fees.

No everyday transaction fees

You can make unlimited free everyday transactions such as deposits into your account, transfers out of your account, payments using online banking and EFTPOS purchases. (But note that a fee will apply to deposits and withdrawals made using the Bank@Post facility from March 1st 2020.)


How to apply

Existing members of CUA can apply for this account through their already established online banking platform. If you're not already a member, you can apply online in a matter of minutes.

Eligibility

  • Minimum age. Applicants must be at least 10 years of age, but no more than 17 years old. When the account holder reaches the age of 18, CUA will automatically convert this account to an Everyday Account.
  • Residency requirements. You must be an Australian resident with a residential address in order to be eligible for this account.

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2 Comments

  1. Default Gravatar
    Caroline
    January 5, 2017

    We are seeking to transfer our Bank Account to a Credit Union, is there fees involved to do this?

    Do you offer a Checking Account?

    • Avatarfinder Customer Care
      May
      January 6, 2017

      Hi Caroline,

      Thanks for your question and for contacting finder.com.au – a financial comparison website and general information service designed to help consumers make better decisions. We do not represent CUA or any company we feature on our pages.

      If you’ve finally decided to transfer a bank, you can go ahead and open an account with CUA. The banking products of CUA are listed on this page. If you are concerned about the fees when closing your current bank account, I suggest that you check it with your financial institution directly. Fees charged by CUA will depend on the account you open. CUA have a checking account as well.

      Meantime, you may like to read this article on guidelines how to close your bank account, which you may find useful.

      Cheers,
      May

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