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We’ve cut our fees across a range of products, just for students

Everyday Account

An all-in-one everyday bank account that offers you flexible and easy access to your money. With a Smart Access account you can enjoy:

  • No withdrawal^ fees at CommBank and Bankwest ATMs
  • Instant Banking that ensures every transaction shows up immediately in NetBank so you always know where you stand+
  • A Debit MasterCard so you can make purchases online and over the phone using your own money.
Learn more
Student Options discount: $0 monthly account fees*

Open now:

NetBank Saver

A high-interest online saving account that links to your CommBank transaction account.

There's no minimum deposit criteria and you can access your money online whenever you need it. What’s more you’ll also get:

  • A great introductory rate for new customers
  • No fixed terms or withdrawal limits.
Learn more

Student Credit Card

Get started with credit limits as low as $400, and enjoy the flexibility and convenience of having a credit card while staying in control. Plus, you’ll enjoy:

  • A faster way to pay with Tap & Go™
  • Worldwide acceptance
  • 24/7 fraud and security monitoring.
Learn more
Student Options discount: $0 Annual Fee*

Personal Loans

A Personal Loan is a great way to get what you need sooner. You’ll enjoy one of the lowest rates in the market, along with:

  • Access to the funds the same day you apply^^
  • Flexible repayment terms of 1-7 years – so you can pay your loan off quickly or spread it out over a few years
  • The option of fixed or variable interest rates.
Learn more
Student Options Discount: $0 Establishment Fee*

Overdraft Facilities

A great feature on your Everyday Account that allows you to access additional funds, up to an approved limit. Plus:

  • You can access it though ATMs, EFTPOS and online
  • You won’t pay any interest charges or fees if you don’t use it.
Learn more
Student Options Discount: 3% off the standard interest rate*

Travel Money Card

A reloadable prepaid card that holds up to 13 currencies. It will allow you to:

  • Avoid excess fees when travelling with no transaction fees on purchases
  • Lock in the exchange rate before you travel
  • Quickly and easily reload your card when you are overseas via BPAY
  • Receive two cards, one as a backup at no extra cost.
Learn more
Student Options benefit: No card issue fees*

We will need to see your Student ID: when you open your Smart Access account online you will just need to drop into any branch within the first 60 days to show your current Student ID, otherwise you may begin to be charged monthly account fees.


The steps to qualify for Student Options:

1 – Be a tertiary student

You just need to be a full-time or part-time tertiary student at an education institution located in Australia or be undertaking an Australian apprenticeship.

2 – Open or have an existing Everyday Account

The Everyday account is the cornerstone of the Student Options package. Once you have this you can get access to all the great discounts above.

To open an account simply apply online or visit us in branch.

Open now:

3 – Show us your student ID

To finalise your Student Options registration, drop into branch with your student ID. If you don’t have a student ID, you’ll just need a letter from your Uni or TAFE.

We will need to see your Student ID: when you open your Smart Access account online you will just need to drop into any branch within the first 60 days to complete step 3, otherwise you may begin to be charged monthly account fees.


Enjoy your free stuff better with the new CommBank app

  • Tap & Pay with your mobile in store
  • Check your account balance in one swipe
  • Pay anyone in Australia using their mobile numbers**

Download the app for free.

* Waived for the duration of your studies, 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.

^ 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.

+ Excludes contactless transactions and some credit transactions on Mobile Banking. Subject to network providers coverage. Other conditions may  apply.

^^Apply before midday Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. Unavailable for secured loans, when a guarantor is required, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn’t provided and subject to system availability.

**Recipient must have an Australian bank account to claim.

Things to know before you Can:

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 on request or from any Commonwealth Bank Branch. A Commonwealth Bank transaction account is required to open a NetBank Saver. Applications for finance are subject to the Bank's normal credit approval. Full conditions of use will be included in our Letter of Offer. Fees and charges are payable. The Personal Overdraft interest rate is 16.60% p.a. as of 01 November 2013 but is subject to change. Other Bank fees and charges may apply. Commonwealth Bank of Australia ABN 48 123 123 124. Australian Credit Licence Number 234945. Tap & go is a trademark of MasterCard International Incorporated. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play is a trademark of Google Inc. BPAY is registered trademark of BPAY Limited ABN 69 079 137 518. If you have a complaint, the Bank's dispute resolution process can be accessed on 13 2221.

View full 'Student 10K Promotion' terms and conditions. Eligible participants are required to sign-up to, or be currently registered Student Options customers as at 01/04/14. Competition starts on 17/01/14 and closes on 01/04/14. The winner will receive $10,000 to be deposited into their eligible Everyday Account. The draw will take place at 12 noon on 08/04/14 at the Commonwealth Bank of Australia (the Promoter) ABN 48 123 123 124, Level 11 Harbour St Sydney NSW 2000. The winner will be notified by telephone and details published in the The Australian on 22/04/14. NSW Permit No. LTPS/13/09036 VIC Permit No. 12/2734, ACT Permit No.TP13/04180, SA Permit No. T13/2100.