Features & benefits

A student account with $01 monthly fees

Our student bank account (Everyday Account on Student Options) is a transaction account for the money you use day-to-day. Plus, pay no ATM withdrawal fees at 4,000 CommBank and Bankwest ATMs in Australia.

A free Debit Mastercard® for easy access to your money

Use a Debit Mastercard to shop in stores or online with the money in your student bank account. It comes with free access to exclusive offers and competitions through Mastercard Debit Rewards.

The CommBank app

See, track and organise your money anytime, anywhere with the CommBank app - now with Spend Tracker to help you monitor your student budget.

More handy options for students

Meet your other student banking needs. Get access to other optional banking benefits and discounts.2 

Get Student Options

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

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.


$0 card issue fee when you apply in branch and show your student ID2. Also available for online orders for a limited time only.

Credit card

A credit card to help cover the things you need when money’s a little tight.

  • You can add a spending cap to any CommBank credit card using the app
  • Choose from a range of Low Fee and Low Rate credit card options to suit you

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 apply3.


$0 establishment fee when you apply in branch and show your student ID2.

Essential Super

A super account that lets you see your super balance alongside your savings in the CommBank app.

  • Competitive fees
  • Easy to open in just a few minutes

Things you should know

Waived for the duration of your studies. We’ll automatically set up Student Options on the Everyday Account Smart Access that you open via this webpage if cookies are enabled on your browser. If your cookies are disabled you will need to visit a branch with your current student card to activate Student Options

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.

3 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 12.99% p.a. (13.86% 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.

O-Week 2018 $10K competition: Conditions apply, see full terms and conditions here. Must have CBA Everyday Account with Student Options and be enrolled (full or part-time) at an educational institution located in Australia or be undertaking an Australian apprenticeship at time of entry & draw.  Entry is automatic for qualifying students.  Ends 11:59pm AEST 8/04/18. Max 1 entry per person. Draw at address below 12PM AEST 7/05/2018. Winner notified by phone, email and in The Australian 14/05/18.  Must be claimed by 5PM AEST 07/08/2018. Prize: 1 x $10,000. Commonwealth Bank of Australia ABN 48 123 123 124 of 1-11 Harbour Street, Sydney NSW, 2000. Permits: NSW LTPS/17/18991, ACT TP 17/02172 and SA T17/2065.

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 4.1+ and iOS operating system 8.0+. 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 (PDF68KB). 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. 

Essential Super: Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435. This information is not financial product advice and does not take into account any person’s individual objectives, financial circumstances or needs. You should read the Product Disclosure Statement (PDS) for Commonwealth Essential Super and consider talking to a financial adviser before deciding whether to acquire or continue to hold this product. Click here to download the PDS, collect one from any branch of the Commonwealth Bank or call us on 13 4074 and we’ll post one out to you. Colonial First State is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (‘the Bank’). The Bank and its subsidiaries do not guarantee the performance of Essential Super or the repayment of capital by Essential Super. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries.  An investment in Essential Super is subject to risk, loss of income and capital invested.  

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