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An online savings account with the flexibility to move money in and out of your linked CommBank everyday account.
Unfortunately, we are unable to open your savings account until you get to Australia. However, when you visit a branch and show us your ID our team can open one for you - it only takes a moment. Alternatively, apply online once your everyday account is set up.
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 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.
1 An Australian address will need to be provided when you identify in a Commonwealth Bank of Australia branch, to gain full access to your account.
2 Full terms and conditions of the CommBank app are available on the 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+. NetBank access with NetCode SMS is required.
3 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 conditions on app.
4 Monthly account fee waived for accounts with at least $2,000 deposited each calendar month and if you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month (excludes Bank initiated transactions). A monthly account fee waiver will also apply if you’re under 21 years of age. 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. Find out more about rates and fees.
5 To ensure that your card is ready and waiting for you at your chosen branch, you must have opened your account online more than 7 days before arriving in Australia. Students can not receive a Debit Mastercard in branch - a card is mailed out to the applicants address once ID has been verified in branch.
6 The recipient needs to have an Australian bank account (with BSB and account number) and have an active mobile phone number.
7 If you are aged under 14 years of age, please apply for a Smart Access Account for Youth once you arrive.
8 There are no fees for using your NetBank Saver but fees may apply to your linked CommBank transaction account. Fees will also apply if you request paper statements.
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