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

NAB Classic Banking

Students Debit Card Offer

Impressive digital perks. $0 monthly account fee. 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.

  • Account keeping fee: $0.00
  • Linked debit card: Visa
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
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Rates last updated May 24th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Classic Banking
Visa
$0
$0
Impressive digital perks.
$0 monthly account fee.
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.
ING Orange Everyday Account
Visa
$0
$1,000
$75 cash bonus.
$0 monthly account fees.
Receive a $75 cash bonus if you open a new Orange Everyday account, enter the promotional code and deposit at least $1,000 within a calendar month and make 5+ card purchases (T&Cs apply). Get a competitive ongoing variable rate when linked with an ING Savings Maximiser.
HSBC Day to Day Transaction Account
Visa
$0
$0
Open an account and easily switch your regular payments over from your current bank.
$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.
NAB Classic Banking with Platinum Visa Debit Card
Visa
$0
$0
1% cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 waivable monthly account fee.
Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria. Book travel and restaurants through NAB's 24/7 Concierge Service.
BankSA Complete Freedom Account
Visa
$0
$2,000
Pay $0 monthly service fee if you're under 21, or a full-time student or apprentice. Receive a linked Visa debit card. Authorise payments from the mobile app using your fingerprint.
Bendigo Bank Student Account
Mastercard
$0
$0
Available to full time students, apprentices and trainees over 12 years.
P&N Student Account
Visa
$0
$0
A bank account for secondary and tertiary students aged between 16-25 years old.
Westpac Choice Student
Mastercard
$0
$2,000
An everyday account for full-time tertiary students.


Bank of Sydney Student Transaction Account
Visa
$0
$0
A flexible, student bank account with a linked Visa debit card.
Community First Student Starter Account
Visa
$0
$0
Designed for students aged 17-24 and studying their first degree or traineeship full-time.

Compare up to 4 providers

Rates last updated May 24th, 2018
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
RaboDirect High Interest Savings Account
3.05%
1.80%
1.25%
$0
$0 / $1
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000
ING Savings Maximiser
2.80%
1.15%
1.65%
$0
$0 / $0
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month. Available on balances up to $100,000.
AMP Saver Account
2.55%
2.10%
0.45%
$0
$0 / $0
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
Bankwest Hero Saver
2.60%
0.01%
2.59%
$0
$0 / $0
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
Bank Australia Bonus Saver Account
2.60%
0.15%
2.45%
$0
$0 / $1
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
Bank of Queensland WebSavings Account
2.90%
1.30%
1.60%
$0
$0 / $1
Introductory rate of 2.90% p.a. for 4 months, reverting to the standard rate of 1.30% p.a. Available on balances up to $5,000,000 and subject to approval above this balance.
HSBC Serious Saver
3.00%
1.60%
1.40%
$0
$0 / $0
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
AMP Bett3r Account - Save Account
2.25%
1.50%
0.75%
$0
$0 / $0
Earn a competitive, ongoing rate of up to 2.25% p.a. and set personal savings goals. Receive linked Pay and Spend accounts to help manage your money effortlessly.
RaboDirect High Interest Savings Account (SMSF)
2.70%
1.90%
0.80%
$0
$0 / $0
Introductory rate of 2.70% p.a. for 4 months, reverting to a rate of 1.90% p.a. Available on balances below $250,000
HSBC Flexi Saver Account
2.50%
1.25%
1.25%
$0
$0 / $0
Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
Citibank Online Saver
2.85%
1.70%
1.15%
$0
$0 / $0
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
RaboDirect SMSF PremiumSaver
2.15%
0.90%
1.25%
$0
0 / $0
Ongoing, variable 2.15% 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.
Westpac Life
2.30%
1.50%
0.80%
$0
$0 / $0
Ongoing, variable 2.30% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.

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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Related Posts

Savings Account Offers

Important Information*
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.80
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
Bank Australia Bonus Saver Account

Maximum Variable Rate

2.60

Standard Variable Rate

0.15
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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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?

    • Staff
      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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