This is a straightforward transaction account ideal for kids and teenagers who are new to banking as it encourages saving and teaches them about managing a bank account. They will also enjoy zero transaction and account-keeping fees, allowing them to save every dollar they deposit.
Bank First First Access Account
![Bank First First Access Account](https://www.finder.com.au/global/images/providers/bank-first-logo1-140px.png)
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $2.5
- Overseas transaction fee of transaction value
- 3%
Our verdict
The Bank First First Access Account is a no-fuss, easy to use first account for children and teenagers.
Bank First is an award-winning, customer owned and run mutual bank, with all profits invested back into the Mutual rather than to shareholders.
Pros
-
No account keeping fee
-
No minimum balance
-
Free ATM options
Cons
-
Children under 18 years of age
-
Limited branch network
Details
Key details
Product Name | Bank First First Access Account |
Monthly account fee | $0 |
Card access | Visa |
Own network ATM fee | $0 |
International ATM Fee | $2.50 + 3% |
International transaction fee | 3% |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Apple Pay, Google Pay |
Eligibility
Minimum opening deposit | N/A |
Residency status | Permanent Australian residents with an Australian address |
Your reviews
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Alison Finder
Editor
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