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
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.
Related savings accounts
Regional Australia Bank Access Savings Account
Fee Free Deposit
5,000Account Keeping Fee
5.00
Regional Australia Bank Freedom Retirement Account
Maximum Variable Rate
2.20Standard Variable Rate
2.20
