Help & support
Children aged 9 and over may be able to receive a Debit Mastercard, so they can practise budgeting and paying for things with their own money.
As their parent or legal guardian, you can set and update their weekly spend limit. You can also lock card access to stop card transactions from their Smart Access Account for Youth.
You and your child can view and manage card security settings together, helping them learn with a safety net.
$0 monthly account fee and no withdrawal fees when using CommBank or Bankwest ATMs. That means more of your child’s money can go towards saving or spending.
Other fees may apply for transactions at non-CommBank ATMs and international transactions - see all rates, fees and fee exemptions.
In your own CommBank app or on NetBank, you can:
In addition to parental controls, standard card security locks are available to both you and your child1:
Important: These card security settings are shared. That means your child may be able to change them in their own CommBank app. If you change or lock a setting, it’s a good idea to talk it through with your child so you both know what’s in place.
For more information, see Lock your Debit Card.
Smart Access Account for Youth is designed to work alongside our Youthsaver account so your child can practise spending from one account while building savings in another.
Children aged 9 years and over may be able to receive a Debit Mastercard if their account is opened online.
As the parents or legal guardian, you can:
This can give your child a way to practise everyday money decisions with guardrails in place.
Smart Access Account for Youth is designed to work alongside our Youthsaver account so your child can practise spending from one account while building savings in another.
Children aged 9 years and over may be able to receive a Debit Mastercard if their account is opened online.
As the parents or legal guardian, you can:
This can give your child a way to practise everyday money decisions with guardrails in place.
Under 14
Children under 14 will need a parent or legal guardian to open a Smart Access Account for Youth on their behalf.
14 or over
If you’re aged 14 or over, you can apply for an individual Everyday Account Smart Access yourself online or in-branch.
Your child needs to have:
If you’re a parent or legal guardian and don't already bank with us, you’ll also need at least 1 form of physical ID handy e.g. Driver licence, passport, Medicare card or birth certificate. If you’re over 18, you must use an Australian driver licence or an Australian or foreign passport.
You'll need to provide a physical ID for verification for yourself and your child within 20 days of opening the account. If ID isn’t verified in time, the account may automatically close and you may need to reapply at a CommBank branch.
We’ll also ask you about your child's tax residency (a Government requirement). Here’s why
There are 3 ways to open this account:
Learning to manage money takes practice. These tools and guides can help you talk to your child about saving, spending and staying safe online.
It’s important to teach your child about online security and how to protect their accounts. Discover more about staying safe online and check out some tips for families.
Children are learning to manage money in a digital world, so it’s important to talk about online security early. Help your child understand how to protect their account, card details and personal information.
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. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts (PDF | 660KB) mentioned and Electronic Banking are available here or from any branch of the Commonwealth Bank.
The target market for these products will be found within the product’s Target Market Determination.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
1 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.
