What you’ll need

What you'll need to apply

• Be under 18 years of age
• Parental approval is required if you are under 16 years of age
• Your Tax File Number (TFN) or TFN Exemption. It’s not an offence to withhold your TFN for the deposit account. However, if you don’t quote it, the Bank is required by law to deduct tax from any interest earned on the deposit account, above a certain threshold.

You may also need (if applicable):

• Existing Commonwealth Bank deposit account number(s)
• Existing Commonwealth Bank debit/credit account number(s)
• NetBank Client Number

Who can apply online?

Parents/ guardians can apply for a Youthsaver account for a child under 16 years old. All you need is:

• The child’s birth certificate
• Your NetBank log on details

We’ll check the birth certificate details online, so you won’t need to visit a branch. Youthsaver accounts can be opened for your child, grandchild, niece or nephew. 

A Youthsaver account can be opened real-time in NetBank, so you’ll see it when you next log on. It will be visible and ready to use in NetBank within 3 days.

Please note YouthSaver accounts cannot be opened through a trust.

If you have any questions or are unable to apply online, please call 13 2221 24 hours a day, 7 days a week.