Our range of products for teens
Our Everyday transaction accounts make it easy for you to access your money. Both come with:
- $0 monthly account fees while you’re under 21
- The option of a Debit MasterCard® to pay for things with your own money – online, over the phone, in-store and overseas
- Access to the CommBank app plus over 4,000 ATMS and 1,000 branches
- Zero monthly account fees for full-time students.
Under 14 years? You’ll need to ask your parent or guardian for permission to open the transaction account for you.
Our savings accounts help you save up for the things you want. Plus, with NetBank you can create savings goals so you can track your progress.
Under 14 years? You’ll need to ask your parent or guardian for permission to open a savings account for you.
Tips for teens
Things to know before you Can:
~ No 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.
** Recipient must have an Australian bank account to claim.
# Up to $500 can be withdrawn without a card per day. CommBank app, NetBank, NetCode and account access required.
## Tap & Pay allows you to use your compatible iPhone or Android mobile phone to make MasterCard® PayPass™ purchases up to $100 or other limit as set by the merchant. NetBank and CommBank app access required. Tap & Pay is available for compatible NFC enabled phones running Android 4.4 or above - Eligible transaction accounts only, not available for credit cards at this time. Other phones may Tap & Pay by ordering a CommBank PayTag in the app. A one-off purchase price of $2.99 applies for the PayTag.
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.
MasterCard is a registered trademark of MasterCard International Incorporated. PayPass and Tap & go are trademarks of MasterCard International Incorporated. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google Inc. Windows is a registered trademark of Microsoft Corporation in the United States and other countries.