Features & benefits

A transaction account with $0 monthly fee2

Our Everyday Account Smart Access has no monthly account fees while you’re under 252 and is ideal for your day-to-day – 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.4

Find out more about rates and fees

Australia’s #1 banking app3

See, track and organise your money anytime with the CommBank app – Australia’s #1 banking app.3 Includes handy features like Bill SenseSpend Tracker and Transaction Notifications to help you stay on top of your student budget.

More ways to pay

  • Add your Debit Mastercard® to your phone or wearable with Apple Pay, Google Pay or Samsung Pay for a fast, easy and secure way to make payments in stores, in apps and online
  • A new way to buy now and pay later with StepPay
  • Shop now and pay later with Klarna
  • No wallet? No worries. Use Cardless Cash5 in the CommBank app to get money out from a CommBank ATM without using your card

CommBank Rewards

Get cashback from big brands like Menulog and JB Hi-Fi when you activate and shop with CommBank Rewards. Available to eligible Mastercard customers and StepPay customers, in the CommBank app.6

Sign up    

Domestic students

To get an Everyday Account with 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 before you start using your account.

Open now

More handy student banking options

Savings account

The right savings account, paired with the CommBank app, can be a powerful way to reach your savings goals.

A NetBank Saver is a flexible online savings account linked to your Everyday Account so you can earn interest on your savings with the freedom to transfer in and out of your account when it suits you.

Want to be rewarded for growing your savings balance each calendar month? You might prefer a GoalSaver account which could earn you bonus interest.

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

STUDENT OPTIONS DISCOUNT

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

CommBank Neo interest-free card

An interest-free credit card with one simple monthly fee.

No interest charges. No late fees. No international transaction fees. No surprise charges.

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 More Australian students consider CommBank as their main bank than any other – DBM Consultants. Australian tertiary students 18–29, 12 months to Sept, 2020.

2 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 Smart Access account you open via this webpage will have the Monthly Account Fee automatically waived for 12 months for domestic students aged 25 and above, 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 or letter of enrolment 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 or enrolment letter. If your study exceeds 5 years, you will need to visit a branch and present your student ID again after the 5 years to continue receiving the waiver. 

The Smart Access account you open via this webpage will have the Monthly Account Fee automatically waived for 12 months for international students aged 25 and above. If your studies are longer than 12 months, you will need to visit a branch and present your current student ID or letter of enrolment to extend the waiver beyond 12 months. The Monthly Account Fee waiver will be applied based on the expiry date listed on your student ID or enrolment letter. If your study exceeds 5 years, you will need to visit a branch and present your student ID again after the 5 years to continue receiving the waiver. Find out more about rates and fees.

3 The Forrester Digital Experience ReviewTM: Australian Mobile Banking Apps, Q3, 2020. Forrester Research does not endorse any company included in any Digital Experience ReviewTM report.

4 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.

Cardless cash is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day. CommBank app, NetBank, NetCode and account access required. Full terms and conditions in the CommBank app.

6 Customers can access CommBank Rewards through the latest version of the CommBank app. Rewards are available to eligible CBA credit or debit Mastercard, business credit cards and StepPay customers, that are at least 18 years old, are not in hardship, and are not in default. Rewards must be activated and redeemed instore or online in accordance to the terms and conditions. Terms and conditions including minimum spend requirements apply to CommBank Rewards and can be viewed within the CommBank app.

The 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 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. Full 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. 

The target market for these products will be found within the product’s Target Market Determination, available here.

The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF). Full terms and conditions for the transaction and savings accounts (PDF)  mentioned and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank.

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