The Great Southern Bank Everyday Youth Account is a convenient transaction account for day-to-day spending for young Australians. The account has no monthly account keeping fees to worry about and offers Apple Pay, Samsung Pay or Google Pay as well as comes with a free linked Visa Debit Card or a rediCard. This account provides a good start for learning how to manage your money from a young age.
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Great Southern Bank Everyday Youth Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $4.5
- Overseas transaction fee of transaction value
- 2.95%
Our verdict
This is an everyday transaction account with no monthly fees for young Australians aged between 10 and 17 years old.
Customers aged 14 or older will receive a free linked Visa Debit Card with the account, and those aged under 14 will instead receive a rediCard.
Pros
-
No monthly account keeping fee
-
Linked Visa Debit Card or rediCard
-
Apple Pay, Samsung Pay and Google Pay available
-
Access thousands of ATMs in Australia and overseas for free
Cons
-
Lack of branches
-
Overseas transaction fees and ATM fees apply
Details
Key details
| Product Name | Great Southern Bank Everyday Youth Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $4.50 |
| International transaction fee | 2.95% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 10 |
| Minimum opening deposit | $1 |
| Residency status | Permanent Australian residents with an Australian address |
Key features
No monthly fees
With the Everyday Youth Account you will not have to pay any monthly account keeping fees.
No everyday transaction fees
You can make unlimited free everyday transactions such as deposits into your account, transfers out of your account, payments using online banking and EFTPOS purchases. (But note that a fee will apply to deposits and withdrawals made using the Bank@Post facility from March 1st 2020.)
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Alison Finder
Editor
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Alison Banney Finder
August 21, 2021
Hi Donna,
The Visa Debit Card is for customers aged 14 or older while the rediCard is for those under 14. The cards almost have the same features. The only difference is that the Visa Debit Card comes with payWave for tap-and-go payments and it can be used for international transactions.
Thanks,
Alison
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Caroline
January 05, 2017
We are seeking to transfer our Bank Account to a Credit Union, is there fees involved to do this?
Do you offer a Checking Account?
May Finder
January 06, 2017
Hi Caroline,
Thanks for your question and for contacting Finder.
If you’ve finally decided to transfer to a bank, you can go ahead and open an account with CUA. We have listed some of the banking products of CUA on our website.
If you are concerned about the fees when closing your current bank account, I suggest that you check it with your financial institution directly. Fees charged by CUA will depend on the account you open. CUA has a checking account as well.
Meantime, you may like to read our guide on how to properly close a credit card.
Cheers,
May
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Donna
August 17, 2021
What is the difference between a visa card and a redicard