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Regional Australia Bank Youth Account

Alison Banney
Alison Banney
Last updated:  

An easy-to-use everyday account for customers aged under 18 years old.

This everyday account is for customers aged 18 and under. It does not charge any account keeping fees, and provides easy access to your money with unlimited EFTPOS transactions, Internet and Phone banking.

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Details

Product NameRegional Australia Bank Youth Account
Maximum Variable Rate0% p.a.
Standard Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

No monthly account keeping fees for this account. No ATM withdrawal fees if you use a Regional Australia Bank ATM or an ATM within the Westpac network within Australia.

You can also make full use of the available mobile app, allowing you to manage your funds anywhere, anytime. The Youth Account is also part of the Community Partnership Program, meaning each year the bank will make a donation to the value of 1% of your balance to a community group of your choice.

How to apply

Only customers aged 18 and under can open this account, and you must be over the age of 14 to access the attached Visa Debit card.

You also need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill in an enquiry form on Regional Australia Bank's website and a member of their team will get in touch to help you open an account.

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

There is also a Visa Debit card attached to the account, however only customers aged over 14 years can access this card.

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