Greater Bank Little Bucks Account

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Open a bank account that encourages children to save early on in life.

Greater Bank Little Bucks Account is a passbook account meant for children less than 18 years of age. This account offers in a tiered manner. It does not attract any ongoing account keeping fees. You don’t have to pay any transaction fees. Access to funds in the account comes in different ways.

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Details

Product NameGreater Bank Little Bucks Account - DISCONTINUED
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$1

Key features

Minimum opening balance

This account comes with a minimum account opening balance requirement of $1.

Internet and phone banking

If you wish to check your account's balance or go through its transaction history you can use Greater Bank's online, phone and mobile banking systems for free. These platforms also let you perform different banking related functions.


How to apply

Eligibility

To open a Little Bucks Account you have to visit a Greater Bank branch, or you can initiate the process over the phone. To find out where the closest Greater Bank branch is, visit Greater Bank website. Make sure you meet the required eligibility criteria before applying:

  • Maximum age. You can apply for this account if you are less than 18 years old. The bank, through its discretionary powers, may refuse to open the account if it feels than an applicant does not understand the account's terms and conditions.
  • Residency requirements. You should be an Australian resident with an Australian residential address.

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