Add to your Student Options
Once you’ve opened your Everyday Account Smart Access, you can enjoy exclusive student discounts1 on selected products7.
A reloadable prepaid card that holds up to 13 currencies. It lets you access your money securely with no transaction fees on purchases. Enjoy a $0 card issue fee when you apply in branch.
Tips for students
Things you should know
1Student 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. 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.
2Tap & Pay allows you to use your compatible iPhone or Android mobile phone to make contactless purchases up to $100 or other limit as set by the merchant. Use Tap & Pay by ordering a CommBank PayTag from within the app (a one-off purchase price of $2.99 will apply). NetBank and CommBank app access required.
3Waived for the duration of your studies.
4We'll waive your annual fee for the first year. You’ll continue to pay no annual fee in subsequent years as long as you spend at least $1,000 using your Student credit card in the previous year (on purchases and cash advances only). If you spend less than $1,000 in the previous year and you are a Student, simply present your Student identification in branch following charging of the annual fee to request a refund.
5No withdrawal fees at CBA and BankWest ATMs, other financial institutions ATM withdrawals may incur a fee. Excludes ATMs overseas, EFTPOS transactions overseas or involving currency conversion, third party payments within a payment group, international money transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.
6Up to $500 can be withdrawn without a card per day. CommBank app, NetBank, NetCode and account access required.
7Eligible products include Student credit card, Personal Loan and the Travel Money Card.
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 13.9% 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.
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.
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