Today, Australian banks offer their services not only to adults, pensioners, but also to children. From the point of view of teaching financial literacy to young people, this is a very good decision. Moreover, parents have the opportunity to access and control the child’s expenses. Another advantage of opening a children’s account is its ease of use, as well as preferential free service.
Let’s consider what banks offer to children, using the example of Commonwealth Bank.
Commonwealth Bank has many possibilities for kids and their parents, like:
- Youthsaver account (no monthly servicing fee, bonus rate for under 18s)
- Smart Access for Youth (no servicing commission, access for kids under 14s, parental control)
- Other financial options
If you have additional questions about kids servicing in CBA, please call 13-22-21 or visit the nearest branch.
Read also:
- Commonwealth Bank kids proposals
- Commonwealth Bank live chat
- Commonwealth Bank money order fees
- Commonwealth Bank outage: what should I do?
- Commonwealth Bank refund time
- Commonwealth Bank salary grades
- Commonwealth Bank stationery
- Commonwealth Bank subsidiaries
- Commonwealth Bank travel cards
- Commonwealth Bank withdrawal limit