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Spend responsibly

Help your child practise spending and budgeting with a Smart Access account for Youth. This could be for you if:

  • You want parental controls, weekly spend limits and notifications for your child’s spending
  • You want to teach your child to budget with a Debit card
  • Your child is under 14 years of age

Discover Smart Access account for Youth

 

How to apply

Learn to save

The Youthsaver account is designed to help children start saving.

This could be for you if: 

  • You want to help your child build savings habits
  • You want them to earn bonus interest2 when they grow their savings balance each calendar month
  • Your child is under 18 years of age

Discover Youthsaver

How to apply

Learn, earn, save and spend

Kit is the pocket money app and prepaid card, built by CommBank.

This could be for you if:

  • You want to help your child learn smart money skills through in-app financial education
  • You want to help your child earn and spend pocket money, with parental controls
  • You want to set up saving goals and help them achieve them
  • Your child is aged between 5 - 14 years old

Discover Kit

Download the Kit app

Bank Accounts for teenagers 14+

Give your teens the knowledge and freedom to manage their own money.

Discover more

Why CommBank?

Better everyday banking

Easy account management and parental controls like merchant blocks and real-time notifications — all in Australia's best banking app.1

Every dollar counts

$0 monthly account fees.

Fee-free cash withdrawals when using a CommBank ATM - Australia’s largest bank owned ATM network. 4

Earn interest on your savings

Earn variable bonus interest2 when your child grows their savings each month with a Youthsaver account.

Learn good money habits

Enable your child to build their independence and learn money management with simple tips and tricks.

Kit – Pocket money app and prepaid card

Parents and their child can use Kit to earn pocket money, track spending on their prepaid card, tick off jobs, set savings goals, and learn with Money Quests. You can also link a Youthsaver account to Kit.

With a Youthsaver account, your child could start earning up to 5.05% p.a. interest on savings.3

The Kit app helps you to:

  • Manage your child's spending with a prepaid card that offers parental controls and notifications
  • Access in-app gamified learning which seeks to improve the financial capability of your child
  • Schedule pocket money and add jobs your child can tick off
  • Set up savings goals and help them achieve them

Discover Kit

Teach children about money

See our one-stop resource that helps parents and guardians bring money to life for children. Browse practical tips and handy guidance on having money conversations with your child.
 

How to teach children about money

Teach children about money

See our one-stop resource that helps parents and guardians bring money to life for children. Browse practical tips and handy guidance on having money conversations with your child.
 

How to teach children about money

Comparison – Overview 

Overview
Youthsaver Account 
Smart Access Account for Youth 
Kit - Kids pocket money app and prepaid card
Purpose
To help teach children to save and earn interest
To help children learn responsible spending habits
To help children build smart money skills through earning, learning and mindful spending
Who’s in control?
The child is the account holder and the parent/guardian can be added as an authorised operator.
The child is the account holder and the parent/guardian can be added as an authorised operator.
The parent/guardian is the account holder, and the child’s name is displayed on the prepaid card.

Comparison – Features

Overview
Youthsaver Account 
Smart Access Account for Youth 
Kit - Kids pocket money app and prepaid card
Age to access account 
Under 14 with a parent. Ages 14-17 can apply on their own
Under 14s with a parent and over 14s can apply for an Everyday Account Smart Access
For children ages 5 to 14
Interest-earning
Yes - Refer to Youthsaver
No
Yes, by linking a CommBank Youthsaver account
Card access
No
Yes
Yes
Age required to have a card
Not applicable
From 9 years
From 5 years (parent/guardian orders the card and can give it to the child)
Spend via digital card in phone wallet (Apple Pay, Google Pay)
Not applicable
Yes (Apple Pay: 13+; Google Pay 16+; ability for parent/guardian to add card to wallet)
Yes (Apple Pay: 13+; Google Pay 16+; ability for parent/guardian to add card to wallet)
Parents/guardians can view spending via app 
Yes
Yes
Yes
Instant money transfer
Yes
Yes
Yes (within Kit; between the parent's linked bank account and the child's card)
Spend online
No
Yes
Yes (can be turned off by the parent)
ATM withdrawals
Yes – via QR Cardless
Yes
Yes (capped at $150/24 hours)
Tailored education
No
No
Yes
Full access to app (CommBank/Kit)
To CommBank app  
To CommBank app
To Kit app

Comparison – Parental controls

These settings can only be changed by the parent/guardian.

Overview
Youthsaver Account 
Smart Access Account for Youth 
Kit - Kids pocket money app and prepaid card
Spend limit
Not applicable
Yes - weekly
Yes - over a rolling 24-hour period  
Card access (both physical and digital cards)
Not applicable
Yes
Yes
Transaction notifications
Not applicable
Yes
Yes
Merchant blocking
Not applicable
No
Yes

Comparison – Card security locks

Card security locks help manage how a card can be used. These are different from parental controls, which can only be changed by a parent/guardian*.

Some locks can be managed by both the child and parent/guardian, while others can only be changed by the parent/guardian.

Card security locks do not apply to the Youthsaver product.

Overview
Smart Access Account for Youth 
Kit - Kids pocket money app and prepaid card
Temporary lock card
Parent/guardian and child can change this. Either can temporarily lock or unlock the card.5
Parent/guardian and child can lock the card. Only the primary parent/guardian can unlock it.
Lock online payments
Parent/guardian and child can change this.5
Parent/guardian only
Lock contactless payments
Parent/guardian and child can change this.5
Not available
Lock digital wallet payments
Not available
Parent/guardian only
Lock in-store international payments
Parent/guardian and child can change this.5
Not available
Daily cash withdrawal limit
Parent/guardian and child can change this. (can be set between $100 and $2000)

Daily cash withdrawal limits apply for ATM and EFTPOS withdrawals.
Not customisable - limit of $150 over 24 hours
Lock ATM withdrawals
Not available
Parent/guardian only
Lock gambling payment
Locked by default and cannot be changed by the child or parent/guardian
Locked by default and cannot be changed by the child or parent/guardian

* Card controls and locks are subject to eligibility, terms and conditions.

Comparison - Fees

Overview
Youthsaver Account 
Smart Access Account for Youth 
Kit - Kids pocket money app and prepaid card
Account fees
No account fee  
 
Refer to Youthsaver rates and fees for more information
No account fee  
   
Refer to Smart Access rates and fees for more information
Yes – Free Kit Membership for eligible CommBank Yello customers

Refer to Kit pricing for more information

Things you should know

  • 1 Awarded ‘Bank of the Year – Digital Banking’ for 2026 (for the 17th year in a row) by Canstar in May 2026.

    2 Excludes interest and transactions initiated by the Bank. To qualify for bonus interest you must:

    • Make at least one deposit of any amount into your account in the calendar month; and 
    • Have a higher account balance at the end of the calendar month than at the start of the calendar month. If you withdraw from your account, deposit more money than you withdrew in the calendar month.

    3 Subject to eligibility criteria. 5.05% p.a. total variable rate when you make at least one deposit of any amount into your account and grow your balance (excluding interest and transactions initiated by the Bank) each calendar month on balances up to and including $50,000. The total variable rate includes 2.15% p.a. standard variable rate and 2.90% p.a. bonus variable rate when the above eligibility criteria is met. For the portion of the balance over $50,000 and/or if the bonus criteria isn't met, only the standard variable rate will apply. Interest is calculated daily and paid monthly. 

    4 Independent ATM providers may charge a withdrawal fee.

    5 Locks don’t apply to transactions that are flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. This also includes transactions made using Tap & Pay set up on a compatible smartphone, digital wallet transactions (such as Apple Pay and Google Pay), and some online transactions where the merchant has stored your card details.

    Some transactions made in CommBank branches, telephone, online or mobile banking including transfers to other accounts, bill payments, and assisted cash withdrawals are also excluded. Other conditions apply. Refer to the Electronic Banking Terms and Conditions or the CommBank App Terms and Conditions for more information.

    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 in the app. NetBank access with NetCode SMS is required.

    Kit is a brand of CBA New Digital Businesses Pty Ltd ABN 38 633 072 830 trading as HEY KIT. CBA New Digital Businesses Pty Ltd is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (CBA). CBA New Digital Businesses Pty Ltd is not an Authorised Deposit-taking Institution for the purposes of the Banking Act 1959 and its obligations do not represent deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries, and therefore you may be exposed to investment risk including possible delays in repayment and loss of income and principal invested, as relevant. CBA New Digital Businesses Pty Ltd has been appointed as authorised representative (001296799) of Hay Limited (ABN 34 629 037 403 AFSL 515459), who is the issuer of the Kit Account and associated Kit Cards. View the CBA New Digital Businesses Pty Ltd Financial Services Guide (PDF). Any advice provided is general only and does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. Please consider the Product Disclosure Statement (PDF), before making any decision about the products. Fees and charges may apply. View the Target Market Determination (PDF). Please visit Important Legal Information to access detailed terms and conditions about our app and the services, our Privacy Policy (PDF) and other important legal documents. 

    CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.

    The target market for the Youthsaver and Smart Access product will be found within the product’s Target Market Determination.