Compare Student Debit Cards

Information verified correct on April 26th, 2017

A student debit card is best for those everyday purchases to avoid going beyond your means and losing track of your spending.

This is because a debit card only draws money from your bank account, so you cannot spend more than you actually have. Although, a student credit card can be good for helping to establish a credit history, the obvious proviso is that you do not abuse any overdraft facility on your student debit card, or you will be hit by bank fees. The other main benefit is that you will not have to carry too much cash around with you, which cuts the risk and consequences of theft or loss.

ING DIRECT Orange Everyday Account

Student debit card offer

ING DIRECT Orange Everyday Account offers of no monthly fee and a $75 cash bonus.

  • Maximum Rate: 0.00% p.a.
  • Monthly Account Fees: $0
  • Minimum Balance: $0
  • Minimum Deposit: $0
Rates last updated April 26th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
ING DIRECT Orange Everyday Account
$75 cash bonus + Apple Pay available.
Get a competitive ongoing variable rate when linked with a Savings Maximiser.
Visa $0 $1,000 $0 monthly account keeping fees. Unlimited free withdrawals at any ATM in Australia if you deposit $1,000 each month. Go to site More
ANZ Access Advantage
$100 voucher for new customers (conditions apply).
Your new Visa debit card must be used three times before 4 June 2017 and opened before 30 April 2017.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at ANZ ATMs. Go to site More
HSBC Day to Day Transaction Account
Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program.
Visa $0 $0 $0 account keeping fees. Unlimited free withdrawals at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Go to site More
NAB Classic Banking
$0 monthly account fees.
Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone.
Visa $0 $0 $0 account keeping fees with no deposit conditions. Unlimited free withdrawals at NAB and rediATMs. Go to site More
St.George Complete Freedom Student Account
A student bank account with a linked Visa debit card and Mobile + Phone banking.
Visa $0 $2,000 $0 account keeping fee for students. Unlimited Free withdrawals at St.George, Bank of Melbourne, BankSA and Westpac ATMs. Go to site More
Bankwest Student Account
Get discounts from a range of brands like McDonalds, Hoyts and City Beach.
Mastercard $0 $0 $0 ATM fees at over 4,000 Bankwest and CommBank ATMs, $0 monthly fees. More
Bendigo Bank Student Account
Available to full time students, apprentices and trainees over 12 years.
Mastercard $0 $0 No monthly account service fee, unlimited e-banking transfer, BPAY and Pay Anyone. More
Community First Student Starter Account
Designed for students aged 17-24 and studying their first degree or traineeship full-time.
Visa $0 $0 No monthly fee, fee-free banking with access to the RediATM network. More
Bank of Sydney Student Transaction Account
A flexible, student bank account with a linked Visa debit card.
Visa $0 $0 No monthly account fee with free, unlimited ATM withdrawals from RediATM network. More
Bank of Sydney Student Savings Account
Available for students under 18 years of age and want to earn interest on their transaction account.
Visa $0 $0 Free, unlimited ATM withdrawals from any RediATM. More
Bank of Melbourne Complete Freedom Student
Get a linked Visa debit card and $0 monthly fee for under 18's.
Visa $0 $0 A low cost transaction account for students – no ATM withdrawal fees at Bank of Melbourne, BankSA, St.George and Westpac ATMs in Australia. More
Westpac Choice Student
An everyday account for full-time tertiary students.
Mastercard $0 $2,000 No monthly service fee whilst you are a full time tertiary student More
BankSA Complete Freedom Student Account
An everyday banking account for students with a linked Visa debit card and $0 monthly account service fee.
Visa $0 $0 No ATM withdrawal fee at over 3,000 BankSA, Bank of Melbourne, St.George & Westpac ATMs around Australia. More
Police and Nurses Student Account
A bank account for secondary and tertiary students aged between 16-25 years old.
Visa $0 $0 Unlimited + free transactions via rediATM, NAB and BOQ ATMs. More
Rates last updated April 26th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
ING DIRECT Savings Maximiser
Ongoing, variable 3.00% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month. Available on balances up to $100,000.
3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
Bankwest Hero Saver
Ongoing, variable 2.65% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
2.65% 0.01% 2.64% $0 $0 / $0 Go to site More
RaboDirect High Interest Savings Account
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.90% p.a. Available on balances below $250,000
3.05% 1.90% 1.15% $0 $0 / $1 Go to site More
ME Online Savings Account
Ongoing, variable 3.05% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit MasterCard using tap & go. Available on balances up to $250,000.
3.05% 1.30% 1.75% $0 $0 / $0 Go to site More
Bank Australia Bonus Saver Account
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
2.60% 0.15% 2.45% $0 $0 / $1 Go to site More
NAB Reward Saver
Ongoing, variable 2.55% p.a. each month you make no withdrawals and at least one deposit by the second last banking day of the month. Available on balances up to $5,000,000.
2.55% 0.50% 2.05% $0 $0 / $0 Go to site More
Bank Australia Online Saver Account
Ongoing, variable rate up to 1.65% p.a. when you link to a Bank Australia Everyday Access or Pension Access or a mortgage offset account. Available on balances more than $5,000.
1.65% 1.65% 0.00% $0 $150,000 / $5,000 Go to site More
Bank Australia mySaver Account
Ongoing, variable 2.60% p.a. when you deposit $10+ each month. Available on balances $10+ and to customers under the age of 25.
2.60% 0.15% 2.45% $0 $0 / $10 Go to site More
HSBC Serious Saver
Introductory rate of 2.50% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
2.50% 1.60% 0.90% $0 $0 / $0 Go to site More
NAB iSaver
Introductory rate of 1.90% p.a. for 4 months, reverting to a rate of 1.20% p.a. Available on balances below $1,000,000.
1.90% 1.20% 0.70% $0 $0 / $0 Go to site More
ANZ Progress Saver
Ongoing, variable 1.81% p.a. when you link to any Australian everyday bank account and deposit $10+ each month. Available on the entire balance.
1.81% 0.01% 1.80% $0 $10 / $10 Go to site More
Westpac eSaver
Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.05% p.a. Available on the entire balance.
2.51% 1.05% 1.46% $0 $0 / $0 Go to site More
ING DIRECT Savings Accelerator
Ongoing, variable 2.35% p.a. applies on balances $150,000 and over.
2.35% 2.35% 0.00% $0 $0 / $0 Go to site More
BankSA Maxi Saver
Introductory rate of 2.75% p.a. for 3 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
2.75% 1.00% 1.75% $0 $1 / $1 Go to site More
ANZ Online Saver
Introductory rate of 2.55% p.a. for 3 months, reverting to 1.15% p.a. Available on the entire balance.
2.55% 1.15% 1.40% $0 $0 / $0 Go to site More
Bank of Melbourne Maxi Saver
Introductory rate of 2.75% p.a. for 3 months, reverting to 1.00% p.a. Available on the entire balance.
2.75% 1.00% 1.75% $0 $1 / $1 Go to site More
BankSA Incentive Saver Account
Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
Bank of Melbourne Incentive Saver
Ongoing, variable 1.75% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
1.75% 0.01% 1.74% $0 $1 / $1 Go to site More
Westpac Reward Saver
Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
HSBC Flexi Saver Account
Ongoing, variable 2.00% p.a. when you link to any Australian bank account and deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
2.00% 1.50% 0.50% $0 $0 / $0 Go to site More
RaboDirect PremiumSaver
Ongoing, variable 2.50% p.a. when you link to an RaboDirect High Interest Savings Account and increase your balance by $200+ each month. Available on balances up to $250,000.
2.50% 0.90% 1.60% $0 $0 / $0 Go to site More

What is a student debit card?

Providing you with electronic and branch access to your bank account, a student debit card is popular among university and high school students who have not yet established their credit history. An application for a student debit card is convenient and easy as there is no credit history generally required for approval. You only spend the money you have stored in your credit card, and some student debit cards can be used to shop online.

How does a student debit card work?

A student debit card draws funds from your own money in the bank every time you use it. You can swipe it for payment in shops, restaurants, online transactions, link it to your PayPal account, or withdraw money directly from ATM machines.

How do I compare debit cards for students?

When planning to apply for a student debit card, make sure to find the bank that gives you the most benefits. Be mindful that most transaction accounts that are linked to your student debit card usually earn minimum interest.

  • MasterCard or Visa. The two main players in the student debit card space in Australia is MasterCard or Visa. Both have a global ATM network, use the latest in chip and data encryption technology and offer purchase protection if you meet the terms and conditions
  • No monthly or ongoing fees. Spend time to know what they have in store for a student depositor like you. Find out if there are card maintenance fees. Some banks usually waive monthly service fees for full time students.
  • Easy accessibility. Choose one that offers unlimited transactions and ATM withdrawals for free, and one that has an extensive ATM network. Most banks have partnered with other banking institutions that allow ATM withdrawals for free. You may also want to opt for a bank that allows 24/7 online access through their banking portal.
  • Mobile and internet bankingAs mobile banking nowadays makes day-to-day transactions faster and more convenient, it is wiser to check the bank's mobile app as well and make sure it works on your Android phone, tablet or iOS device.
  • Special student offers. Promotional offers like discounts at shops may also be included in some student debit cards so it's great to take a look as to which debit card gives you the best value for advantage in terms of charges, security and incentives. Don't forget to carefully review your cardholder agreement.
  • PayPass or PayWave. You can shop faster using PayPass or PayWave technology, which allows you to just tap and go for purchases under $100.

What are the benefits of student debit cards?

  • Fast and easy application without the need of a credit history as you're using your own money.
  • Gives you protection against overspending as you only spend your money that is in your bank account.
  • Most student debit cards have secure chip technology and utilise NFC so you shop faster by tapping and go for your purchases under $100.
  • Works similar to a credit card as you have access to most Visa and MasterCard merchants, locations and ATMs.
  • Debit cards are generally protected with a PIN and Zero Liability Protection.
Things to avoid about student debit cards
  • Fees are the one thing that you must try and avoid with student debit cards. These can include service fees charged per month, ATM withdrawal fees, transaction fees and dishonour fees.

Frequently asked questions

  • How do I apply for a student debit card? After you've looked at your options and decided the student debit card that is best for your needs, you can apply online or through a branch.
  • How long will it take for me to wait for a student debit card application? This depends on the financial institution - generally you can have your card within five working days of lodging the application.
  • Will the bank conduct credit checks upon application for a student debit card? Since a student debit card is tied up with your bank account, it is not subject to credit checks.
  • Can I still use my student debit card overseas? You can use your student debit card and withdraw money from ATMs when you travel internationally but you may be charged with currency conversion and international ATM withdrawal fees. You may want to opt for an alternative travel money option instead.

Shirley Liu

Shirley is finder.com.au's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

Was this content helpful to you? No  Yes

Related Posts

Savings Account Offers

Learn about our information service
ING DIRECT Savings Maximiser

Maximum Variable Rate

3.00

Standard Variable Rate

1.60
ME Online Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.30
Bankwest Hero Saver

Maximum Variable Rate

2.65

Standard Variable Rate

0.01
ANZ Progress Saver

Maximum Variable Rate

1.81

Standard Variable Rate

0.01

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback