Can I get a bank account for my teenager?
You generally need to be 18 to apply for a new bank account online, however that doesn't mean you can't get one when you're younger. You may need to call the bank or visit a branch to get a debit card as a teenager, as it's difficult to verify your identity online when you may not have many forms of ID.
Some banks offer dedicated accounts for customers under 18 which you can apply for online using other forms of ID, such as your passport and birth certificate.
How to get a debit card for a teen
Most banks will allow you to get a debit card in your name if you're 14 or older, and some will offer cards to customers even younger than this. If you're under 14 you'll instead be offered a different type of card called a rediCARD or Handycard. A rediCARD will still allow your teen to access the money in their bank account at ATMs here in Australia and make EFTPOS purchases too, but its use overseas and online is more limited.
Options for opening a teen bank account
There are a few different options available if you want to open a bank account for your teenager. You can open a new bank account or debit card:
- As a joint account with you and your teen
- In your name, as trustee for your teenager
- In your teenagers full name if the bank allows this
Bank accounts designed for teens
Some banks have dedicated youth, teen or student accounts that are designed for customers under 18. Some examples include:
- Great Southern Bank Everyday Youth Account: A bank account for customers ages 10-17 with a Visa Debit card for over 14s and a rediCARD for under 14s.
- Westpac Choice Account: A bank account with no fees for students that can be opened if you're 12 or older. You'll get a Visa Debit Card if you're 14, or a Handycard if you're 12-14.
- Virgin Money Go Account. A bank account with rewards and perks and no monthly deposit conditions if you're aged 14-17.
- MyState Glide Account. A bank account for over 14s with a Visa Debit Card. You can apply online under 18.
What about a teen debit card for travelling?
If you're able to open the account for your teen here in Australia and receive a debit card, then you can use that debit card anywhere that Visa is accepted around the world. If your teen is aged 14 or older they'll be eligible to get a debit card in their name which they can use overseas.
However if your teen is under 14, they'll only be eligible for a rediCARD, Handycard or prepaid card. These cards allow you to use the money in your account, however they do come with more limitations and won't be able to be used overseas as easily. These cards operate on the EFTPOS network, not the Visa or Mastercard network, and the EFTPOS network isn't very common outside of Australia.
If you're looking for a debit card that your teen can use when traveling, the best debit card to use overseas is one with no international transaction fees or charges. These fees can be 3.5% on top of your transaction value, so best to avoid them if you can by choosing a card that doesn't charge this fee.
More guides on Finder
ANZ Business Essentials Account
This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
Compare virtual debit cards
What are virtual debit cards, how do they work and what benefits do they offer? Find out here.
Best debit cards
Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
Bendigo Bank Everyday Account Product Review
With convenient access to your funds and a host of flexible features, Bendigo Bank’s Everyday Account can help you manage your day-to-day finances with ease.
BCU Access account
The Access account offers bcu customers accessibility, flexibility and convenience when conducting everyday banking transactions.
Online banks in Australia
Online-only banks do not operate any physical branches resulting in reduced expenses and more affordable banking solutions for their customers.
How to open a bank account in Australia for foreigners
For foreigners opening a bank account in Australia, the process is easy and user-friendly, and often comes with attractive deals and discounts on transaction fees.
100 points of ID to open a bank account
You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.
Bank Australia Mortgage Offset
Any funds in your Bank Australia Mortgage Offset are subtracted from your home loan principle and reduces your interest repayments while giving you on-call access to your funds.
Debit cards with no foreign transaction fees
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.
Ask an Expert