People’s Choice Credit Union Activate Account

Last updated: Apr 27, 2020

Australian students can stretch their dollars further by not having any worries about banking fees with the Activate Account.

People’s Choice offers a special account for Australians between the ages of 13 and 24. With no monthly or transaction fees charged to the account, you can deposit your money with the security of knowing it will all be going to cover your needs and expenses. You are provided with a number of ways to make your everyday transactions, giving you flexibility and ease to manage your finances.

Account keeping fee

ATM withdrawal fee

Overseas ATM withdrawal fee

Overseas transaction fee

of transaction value

Details

Product Name	People's Choice Credit Union Activate Account
Monthly account fee	$0
Card access	Visa
ATM Withdrawal Fee	$0
Internatonal ATM Fee	$5
International transaction fee	3%
Monthly deposit required to waive account fee	N/A

Minimum Age	13
Joint account availability	No
Minimum opening deposit	N/A

Pros

$0 monthly administration fee
Ability to link the account to a Visa PayTag and redi2PAY App
Unlimited free transaction

Cons

This account is only available to individuals between the ages of 13 and 24

Shirley Liu

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Key features

Monthly fees

No monthly administration fee is charged to you with the Activate Account.

Availability

This account is only available to individuals between the ages of 13 and 24.

Transaction methods

You are permitted to make transactions at a branch, through Bank@Post, online, over the phone and with a linked debit card.

Linked debit card

You can choose to have a rediATM card linked to the account in order to make purchases and cash withdrawals using your own cash. Account holders over the age of 16 also have the option of a linked Visa debit card.

Linked Visa debit card

The Visa debit card will allow to make your everyday transactions wherever Visa is normally accepted. It comes with the Visa payWave feature which enables you to make EFTPOS purchases of under $100 without having to swipe the card.

Visa Pay Tag and redi2PAY app

Account holders with an android phone can download the redi2PAY app which gives you the same shopping benefit as Visa payWave, yet from your smartphone. Visa Pay Tag is the same feature yet it involves sticking a small card to the back of your iPhone or older android device to make contactless payments.

Membership

Before being able to apply for any banking product from People's Choice you will have to visit a branch and fill out an application for membership. This also requires that you pay a $2 fee for your share of the credit union.

How to apply

Eligibility

So long as you are already a member of the People's Choice Credit Union, you can apply for the Activate Account online. Before you begin your application, familiarise yourself with the following eligibility requirements:

Minimum age. You need to be at least 13 years of age to open this account but cannot be older than 24.
Residency requirements. Australian temporary and permanent residents are permitted to apply for this account, but temporary residents will need to provide additional documentation such as their work visa and foreign passport.

Depository requirements. Unless you are also applying for membership, you will not be required to make a deposit when opening the account.

Documentation needed

Once you have determined that you are eligible for this account you can gather the following documentation and continue to the secure application page:

Tax file number. You are not under any obligation to provide your tax file number or exemption code when applying for a banking account. However, with interest earning accounts having that information makes it possible for the financial institution to deduct the correct withholding rate from your earned interest.
Identification. Acceptable forms of identification include your Australian passport, driver's licence, Medicare card or your employment visa and foreign passport.

What happens after I submit my application?

The information you provide on the application will be verified after you have submitted your application online. You will then receive your new account number and instructions on how to begin banking with your Activate Account. The linked debit card you chose will be sent to your address and will need to be activated before you can begin making transactions.

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2 Comments

Brian
July 8, 2017

Is it a requirement to have a linked RediATM card to access cash withdrawn from an ATM and is there any for this service fee?

Reply
- Arnold
  July 9, 2017
  
  Hi Brian,
  
  Thanks for your inquiry.
  
  Yes, it is a requirement to have a Linked Visa debit card with Paywave and There are no fees for ATM withdrawals. For overseas ATM withdrawal fee, $5 will be charged.
  
  Hope this information helped.
  
  Cheers,
  Arnold
  
  Reply

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