Our range of products for young adults
Our Everyday transaction accounts make it easy for you to manage your money. Both come with:
- $0 monthly account fees if you're under 21, on Student Options, or if you're 21 to 24 years old and deposit at least $1,000 per month
- The option of a Debit MasterCard® to pay for purchases using your own money – online, over the phone, in-store and overseas
- Easy access to your money with the CommBank app, over 4,000 ATMs and 1,000 branches to choose from
- The option to add a Personal Overdraft, so you can access additional funds (up to an approved limit) beyond your own available funds.
We’ve got a range of accounts to help you save.
Choose from a savings account that rewards you for regular savings or our online savings account that gives you instant access to your money.
Tips for young adults
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.
# Up to $500 can be withdrawn without a card per day.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.
** Recipient must have an Australian bank account to claim.
*** Excludes transaction flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. Other Terms & Conditions apply.
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.
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.