Compare student debit cards

A student debit card is convenient for everyday purchases to avoid dipping into your savings and losing track of your spending.

A debit card only draws money from your bank account, so you cannot spend more than you actually have. 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. Just make sure that you do not abuse any overdraft facility on your student debit card, or you will likely be hit by bank fees. Use our table below to instantly compare some great debit card options.

Students Debit Card Offer

Bendigo Bank Student Account

Students Debit Card Offer

Earn interest on your balance. $0 monthly account fee. A flexible option for students over 12 years old. Enjoy 0.50% interest on balances $5,000 and over and pay $0 monthly account keeping fees. Personalise your debit card with an image of your choice and use Apple Pay, Google Pay & Samsung Pay to make payments using your smartphone.

  • Account keeping fee: $0.00
  • Linked debit card: Mastercard
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
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Banks that offer student bank accounts

Rates last updated August 14th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
ING Orange Everyday Youth Account
Visa
$0
$0
ING Orange Everyday Youth account is for Australians aged 15-17 years old. It offers Apple Pay and Google Pay, with no ATM fees, no account-keeping fees and no foreign transaction fees. Earn a competitive interest rate when you link with an ING Savings Maximiser, without having to meet any deposit or withdrawal conditions.
Bendigo Bank Student Account
Mastercard
$0
$0
A flexible option for students over 12 years old. Enjoy 0.50% interest on balances $5,000 and over and pay $0 monthly account keeping fees. Personalise your debit card with an image of your choice and use Apple Pay, Google Pay & Samsung Pay to make payments using your smartphone.
ING Orange Everyday Account
Visa
$0
$0
A suitable option for students aged 18 or over. You'll pay no monthly fees with your Orange Everyday account. ING will also rebate your Australian and international ATM fees if you're able to meet certain deposit and spending conditions. Click 'Go to site' to find out more.
NAB Classic Banking
Visa
$0
$0
Enjoy a $0 monthly fee and tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone. Temporarily block your card at the touch of a button if you lose it.
HSBC Everyday Global Account
Visa
$0
$0
$0 monthly fee with no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.
HSBC Day to Day Transaction Account
Visa
$0
$0
$0 monthly account fee. Through your linked Visa debit card, you can access exclusive shopping, travel and restaurant deals here and abroad through HSBC's home&Away Privilege Program.

Compare up to 4 providers

Rates last updated August 14th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Bendigo Bank Student Account
Mastercard
$0
$0
A flexible option for students over 12 years old. Enjoy 0.50% interest on balances $5,000 and over and pay $0 monthly account keeping fees. Personalise your debit card with an image of your choice and use Apple Pay, Google Pay & Samsung Pay to make payments using your smartphone.
ING Orange Everyday Youth Account
Visa
$0
$0
ING Orange Everyday Youth account is for Australians aged 15-17 years old. It offers Apple Pay and Google Pay, with no ATM fees, no account-keeping fees and no foreign transaction fees. Earn a competitive interest rate when you link with an ING Savings Maximiser, without having to meet any deposit or withdrawal conditions.

Compare up to 4 providers

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 banking. As 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 Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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2 Responses

  1. Default Gravatar
    TriciaMarch 20, 2018

    I am wanting to provide my 2 children (aged 13 and 15) with debit cards, in lieu of giving them cash pocket money. Someone recommended Spriggy, but they charge a fee. What is the best option?

    • finder Customer Care
      JhezelynMarch 21, 2018Staff

      Hi Trish,

      Thank you for your comment.

      You may check kid’s bank accounts that has access to debit cards. The accounts listed on the page offer access to funds in different ways, so you can pick one depending on individual needs. You can also get the account that offers access to funds in limited ways. I hope this helps.

      Regards,
      Jhezelyn

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