P&N Student Account

With fee free transactions and a Visa debit card to access your account students will have no trouble keeping up with their day to day spending.

With the Student Account from P&N Bank you are given a multitude of ways to access your money without having to pay any fees. This is an ideal way to help keep up with your school and social spending needs, whether you are at your computer or on your way to your next class.

Shirley Liu

Last Updated Jan 5, 2021

Account keeping fee

ATM withdrawal fee

Overseas ATM withdrawal fee

Overseas transaction fee

of transaction value

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Details

Product Name	P&N Bank Student Account
Monthly account fee	$0
Card access	Visa
ATM Withdrawal Fee	$0
International ATM Fee	$5 + 3%
International transaction fee	3%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Google Pay, Apple Pay, Samsung Pay

Minimum Age	16
Joint account availability	No
Minimum opening deposit	N/A

Pros

No monthly account fee
Access to the rediATM network
Linked Visa debit card

Cons

Designed for students

Review by

Shirley Liu

shirley@finder.com.au

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.

Expert review

Available for secondary and tertiary students aged from 16 - 25 years.

Key features

$0 Account keeping fees

You will not be charged any monthly account keeping fees for the Student Account.

Made for students

This account is specifically designed for students between the ages of 16 and 25.

Variety of options for accessing your money

With the Student Account you are provided with a number of ways to access your money without being charged any fees. These include; payroll and direct credit, Bank@Post deposits, phone and internet transfers, cash and cheque deposits, EFTPOS and Visa debit card purchases, BPAY, direct debits and ATM withdrawals.

Linked debit card

You get the choice of a P&N Bank ATM card or a Visa debit card to link to the Student Account.

Visa debit card

If you choose the Visa debit card you will be able to make purchases and access your money wherever Visa is accepted.

Payments are seamless with Visa payWave

This is a feature of the Visa debit card that allows you to make purchases of under $100 in a store without swiping your card.

Secure payments with Visa

Purchases made using the Visa debit card are protected with Zero Liability when made in a store and Verified by Visa when shopping online.

ATM access

Your linked debit card gives you access to your money at over 3,000 ATMs Australia wide. This included those in the rediATM, NAB, and Bank of Queensland networks.

Membership

In order to be considered for any P&N banking product you must first apply for membership. This is open to Australian residents and requires that you pay a $10 shareholder fee which will be deducted from your account upon activation.

How to apply

With the Student Account from P&N you are able to apply over the phone or in person at one of their branches.

Eligibility

Before getting started with your application, there are some eligibility requirements that you should make yourself aware of:

Minimum age. This account is only available for Australian students between the ages of 16 and 25.
Residency requirements. In order for this account to be activated in your name you must have a valid Australian residential and mailing address.

Depository requirement. While P&N Bank makes no stipulation for a minimum opening deposit, your account will be charged the $10 if this is your first banking product with them.

Documentation needed

Once you are able to confirm that you meet the eligibility requirements, it is recommended that you have the following documentation to refer to as you are completing your application:

Tax file number. It is not obligatory to provide your tax file number (TFN) or claim your exemption but if you don't P&N Bank may withhold tax on any interest earned on your accounts. You are permitted to supply your TFN at a later date by contacting the bank.
Identification. If you are just now joining P&N Bank you will need to have your Australian driver's licence or passport in order to complete the application. In place of these documents you are allowed to use another non-photo ID like your birth certificate and a copy of a recent bill. You will also need a valid student ID or proof of enrolment to prove your eligibility for this account.

What happens after I submit my application?

After submitting your application you will hear back from the bank with the details of your new account, barring that you provided all of the necessary information. The linked debit card you chose will arrive by mail and will need to be activated before its first use.

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2 Comments

Silas
March 10, 2018

Can I apply for this for my daughter who is 14 years

Reply
- Joel
  March 13, 2018
  
  Hi Silas,
  
  Thanks for leaving a question on Finder.
  
  This account is only available for Australian students between the ages of 16 and 25. You may consider other student bank accounts or teen debit cards. These pages have a comparison table you can use to see which account suits your daugther.
  
  When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
  
  Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
  
  Cheers,
  Joel
  
  Reply

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