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eStatements
Benefits for those aged 12 and under
Bonus Interest
Deposit just $5* a week to receive a bonus rate of interest to accelerate savings.
No monthly account keeping fees
Quick and easy deposits
Quick and easy deposits through Bank@POST™ and Border Bank (and Police Bank) Branches or Periodical Payments can be set up as a savings plan.
Easy Access
Access via Internet Banking to view transactions and act on your account, any time, any day of the week.
Contributes to Reduced Fees Program
Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
Available up to 12 years of age
At the age of 13, the account automatically switches to the Flex Account.
Australia has the strongest banking regulatory system in the world – all banks (including Border Bank), building societies and credit unions meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA. Under the Banking Act deposits in all Australia’s banks (including Border Bank), building societies and credit unions are safe.
Important Information
Interest payable is capped to a maximum deposit of $49,999.99.
*Bonus rate of interest applies if no withdrawals and a minimum deposit of $20 are made within a month.
^ A child 12 years of age and under may be issued with a Visa Debit Card to their account in their name, provided they have been given permission to be an Authority to Operate on the account by the adult concerned. A Visa Debit Card can be issued in the name of the parent or guardian acting as Authority to Operate at any time;
# Parental consent is required for Members aged twelve (12) years and under.
† The Account will automatically transfer to a Flex Account (S24) when the Member turns 13 years of age.