Features & benefits

A transaction account with $01 monthly fee

Our Everyday Account has no monthly account fees while you’re under 251 and is ideal for the basics – like getting paid, paying friends back, or shopping in-store and online with your own money.

Plus, if you’re a student after you turn 25, you’ll continue to pay no monthly account fees with an Everyday Account with Student Options.1

Find out more about rates and fees

Access to other student banking benefits2

Along with no monthly fees on your Everyday Account1,  you’ll also have access to other benefits for students like discounted international and domestic travel insurance3 cover that you can tailor to suit your needs.

Australia’s #1 banking app4

See, track and organise your money anytime with the CommBank app – Australia’s #1 banking app.4 Includes the handy Spend Tracker to help you monitor your student budget.

Add your CommBank card to Apple Pay

Your student account comes with a CommBank Debit Mastercard® to access your money.

Add your CommBank card5 to Apple Pay for a fast, easy and secure way to make payments in stores, in apps and online.

Sign up    

Domestic students

To get a student bank account and access other Student Options benefits, you must be studying part-time or full-time at an Australian tertiary institution or undertaking an Australian apprenticeship.2

Get it now

International students

Arriving in Australia within three months, or already here? Open an account online with Australia’s largest bank.

You’ll need to verify your ID (passport) in a CommBank branch to start using your account.

Open now

More handy student banking options

Savings account

A NetBank Saver is a flexible online savings account linked to your Everyday Account. 

  • A competitive interest rate
  • Freedom to transfer in and out of your account when it suits you

CBA Travel Insurance3

Taking a break from study? We’ve got international and domestic travel insurance cover that you can tailor to suit your needs.

Tip: Before you travel, get a reloadable Travel Money Card with a $0 card issue fee to lock in and manage up to 13 currencies. 6


Get a 10% discount on CBA Travel Insurance when you get a quote and enter this promo code OWEEK10. Offer ends 30 June 2020.

CommBank Essentials Card

A credit card with a low limit could help you cover the necessities when money’s a little tight.

  • Option to use Apple Pay with your card
  • Our lowest rate on purchases – 9.90% p.a.
  • $2 monthly fee when you choose online statements and set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $57

Personal Loan

A personal loan can help you take that next step on the big things – like moving out of home or buying a car. You'll need to be a domestic student to apply.8


$0 establishment fee when you apply in branch and show your student ID.2

What are you up to?

Check out our money tips and hints to help you on your way, whatever you’re up to:

Young people at a party

Things you should know

1 A monthly account fee waiver applies if you’re under 25 years of age, or 25 and above and deposit at least $2,000 each calendar month (excludes Bank initiated transactions), or you’re a full-time or part-time tertiary student at an Australian educational institution or undertaking an Australian Apprenticeship on Student Options. You may also be eligible for a different monthly account fee exemption if you have an aged, disability or war veterans pension deposited in your account, have a balance of $50,000 or more in eligible contributing accounts, are reliant on over the counter services because of a disability or have an eligible home loan.

The monthly account fee on the Smart Access account you open via this webpage will be automatically waived for 12 months if cookies are enabled on your browser. If your cookies are disabled and/or if the duration of your studies is longer than 12 months, you will need to visit a branch and present your current student ID to set up the monthly account fee waiver. The monthly account fee waiver will be applied based on the expiry date listed on your Student ID. If your studies exceed five years, you will need to visit a branch and present your student ID again after five years to continue receiving the waiver. 

2 Student Options apply if you are a tertiary student at an educational institution located in Australia or are undertaking an Australian Apprenticeship. You must show us suitable student identification in branch.

3 Offer valid for customers who purchase a CBA Travel Insurance policy through the CommBank app, NetBank or commbank.com.au by 30 June 2020. Offer can be extended or withdrawn at any time at the discretion of CBA without prior notice. Not available on Credit Card Insurance Upgrade policies. Terms, conditions, restrictions, exclusions (including for pre-existing medical conditions and persons aged 74 years or over), limits and excesses may apply to all insurances. Before making a decision, please read the CBA Travel Insurance Combined Product Disclosure Statement and Financial Services Guide for more information about CBA Travel Insurance. CBA Travel Insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia (CBA). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase a CBA Travel Insurance policy, we (CBA) receive a commission which is a percentage of your premium.

4 The Forrester Banking Wave™: Australian Mobile Apps, Q2 2019. Forrester Research does not endorse any company included in any Industry Wave™ report.

5 You can add your CommBank Debit Mastercard or credit card (except for additional cardholders on a Visa credit card). Some CommBank cards are ineligible including Keycard, Travel Money Card, Business or Corporate card. 

6 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. The Product Disclosure Statement and Conditions of Use (PDF) for Travel Money Card should be considered before making any decision about this product. View our Financial Services Guide (PDF).

7The annual fee is charged at $5 per month, or $2 per month if you: 1) Set up automated monthly repayments through AutoPay from a CommBank transaction account; and 2) Opt in to receive online statements.

8 You must be a domestic Australian student to apply, International students on a student visa are not eligible. Unsecured personal loan repayment terms range from 1 to 7 years. 

Applications for finance are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. 

The CommBank app: Full terms and conditions available on the CommBank app. The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. Find out about the minimum operating system requirements on the CommBank app page. Terms and conditions are available on the app. NetBank access with NetCode SMS is required.

If you have a complaint in respect of these products, the Commonwealth Bank's dispute resolution service can be accessed on 13 2221. Applications for finance are subject to credit approval. Individuals must be over 18 years of age to apply for Credit Card/Personal Loan/Personal Overdraft. Full terms and conditions included in our Loan Offer. Fees and charges are payable. 

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