Features & benefits

A transaction account with $02 monthly fee

Our Everyday Account has no monthly account fees while you’re under 252 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 Options2.

You’ll also enjoy no withdrawal fees at CommBank and Bankwest ATMs in Australia, plus the option to get cash out with or without your card, using Cardless Cash.

Find out more about rates and fees

Add your CommBank card to Apple Pay

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

Add your CommBank card3 to Apple Pay for a fast, easy and secure way to make payments in stores, in apps and online.

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.

Student banking benefits

Meet your other student banking needs. Get access to optional benefits and handy Student Options banking discounts.5

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.5

Get it now

International students

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

Travel Money Card

A pre-paid Travel Money Card for your overseas trip so you’re ready to spend when you arrive.

  • Extra card security
  • Pay for things online, in-store or over the phone
  • Opt-in to receive alerts when your balance is low

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 $56

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.7


$0 establishment fee when you apply in branch and show your student ID.5

Things you should know

More Australian students consider Commonwealth Bank to be their main bank than any other bank - DBM Consultants. Australian tertiary students 18-29, 12 months to March 2019. 

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 will need show us suitable student identification in branch). 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. 

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. 

4 The Forrester Banking WaveTM: Australian Mobile Apps, Q2 2019.  Commonwealth Bank of Australia received the highest Industry WaveTM overall score among Mobile Apps in Australia in Forrester's proprietary Industry WaveTM evaluation. Forrester Research does not endorse any company included in any Industry WaveTM report.

Student discounts 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.

The annual fee is charged at $5 per month, or $2 per month if you: 1) Set up automated monthly repayments through our credit card AutoPay from a CommBank transaction account; and 2) Opt in to receive online statements on your CommBank Essentials account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address).

7 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. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years are as follows:

  • With the minimum interest rate for a variable rate loan of 13.90% p.a. (14.77% p.a. comparison rate) or with the minimum interest rate for a fixed rate loan of 10.99% p.a. (11.88% p.a. comparison rate), the estimated total amount payable including fees is $42,540 or $41,696 respectively; and
  • With the maximum interest rate for a variable rate or fixed rate loan of 18.9% p.a. (19.74% p.a. comparison rate), the estimated total amount payable including fees is $47,344.

The Comparison rate is calculated on loans as follows:

  • For Variable Rate Loans: comparison based on an unsecured $30,000 loan over five years;
  • For Fixed Rate Loans: for loan terms of 1 to 3 years, comparison based on an unsecured $10,000 loan over 3 years. For loan terms of 4 to 7 years, comparison based on an unsecured $30,000 loan over 5 years;
  • For Secured Car Loan: comparison based on a secured $30,000 loan over 5 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Applications for finance are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.

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. The CommBank app is available on Android operating systems 4.4+ and iOS operating system 9.0+. Terms and conditions are available on the app. NetBank access with NetCode SMS is required.

Travel Money Card: 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. Terms and conditions for Transaction, Savings and Investment Accounts and Product Disclosure Statement and Conditions of Use for Travel Money Card are available here or from any Commonwealth Bank Branch and should be considered in any decision about these products. A Commonwealth Bank transaction account is required to open a NetBank Saver. Please view our Financial Services Guide (PDF). 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. 

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Apple, the Apple logo, Apple Pay, iPhone, Apple Watch, iPad, Face ID and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Pay is currently available for Android running 5.0 (Lollipop) or higher with a Near Field Communication (NFC) antenna and Host Card Emulation (HCE) support. Google Pay, the Google Pay Logo, Google Play and the Google Play logo are trademarks of Google LLC.