Children aged 9+ will receive a Debit Mastercard® so they can practice their budgeting skills and pay for things with their own money. You can set card locks and a weekly spend limit, so your child can learn with the protection of a safety net.
In your own CommBank app, you can:
Pay your child’s pocket money straight into their Smart Access Account for Youth. They can see their balance, transfer savings into their Youthsaver account and keep track of their money in the CommBank Youth app.
$0 monthly account fee. No withdrawal fees when using CommBank or Bankwest ATMs. Every dollar your child earns can be put towards saving or spending.
Other fees may apply for transactions at non-CommBank ATMs and international transactions - see all rates, fees and fee exemptions.
Smart Access Account for Youth is best used with our Youthsaver account so your child can manage their own money, while working towards their savings goals.
Children aged 9 years and over will get a Debit Mastercard if their account is opened online (a keycard can be requested if opened in a branch). Parents or legal guardians can adjust their child’s weekly spend limit, lock contactless and online payments, or the child’s card completely, at any time in their own CommBank app.
Under 14
Children under 14 will need a parent or legal guardian to open a Smart Access Account for Youth on their behalf.
14 or over
If you’re aged 14 or over, you can apply for an Everyday Account Smart Access yourself - online or in-branch.
Your child needs to have:
Parents or legal guardians who don't already bank with us, will also need at least 1 form of ID e.g. Driver’s licence, Medicare card, passport or birth certificate.
We’ll also ask you about your child's tax residency (a Government requirement). Here’s why.
There are 3 ways to open this account:
It’s important to teach your child about online security and how to protect their accounts. Discover more about staying safe online and check out some tips for families.
Our 100% security guarantee protects you from unauthorised transactions on personal and business accounts when you protect how you access your accounts and tell us if something is wrong. Tell me more.
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts (PDF | 660KB) mentioned and Electronic Banking are available here or from any branch of the Commonwealth Bank.
The CommBank Youth app is free to download however your mobile network provider charges you for accessing data on your phone. See the CommBank app minimum operating system requirements on the CommBank app page. Terms and conditions are available on the app. NetBank access with NetCode SMS is required.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
