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Regional Australia Bank Youth Account

Regional Australia Bank Youth Account

Maximum Variable Rate

0.25

Standard Variable Rate

0.25

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

  • No monthly fees
  • Unlimited electronic transactions

Product details

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.

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

Product Name
Regional Australia Bank Youth Account
Maximum Variable Rate
0.25% p.a.
Standard Variable Rate
0.25% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$0
Internet Banking
Yes
Internet Transaction Fee
$0
Phone Banking
Yes
Phone Transaction Fee
$0
Maximum Age Requirement
18
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.

Pros

  • No monthly fees
  • Unlimited electronic transactions
  • Internet, Phone and Mobile banking available
  • Support a community group of your choice

Cons

  • Limited to customers under the age of 18
  • Limited branch network

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.

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