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Kids Bank Accounts
Bank Accounts with no monthly account keeping fees for under-18s to grow their savings and easily manage their money.
Kids Savings Account
A fee-free savings account that rewards kids to save, offering bonus interest for regular savers
No fees
$0 account-keeping fee and no transaction fees.
No minimum balance
Open an account with any amount of money and start earning interest.
Earn bonus interest
Each month, deposit at least $20 into the account and make no more than one withdrawal.
Who can open this account
Over-11s & under-18s
Kids in this age range can open this account in store.
Under-11s
Kids under 11 will need a parent or guardian to open their account for them.
Kids Transaction Account
Our Everyday Options transaction account lets kids easily access their money, and has no monthly account keeping fee.
No fees
$0 account-keeping fee and no transaction fees.
24/7 Access
Manage your money on the go easily with Internet banking our Mobile banking App.
What type of card will I receive?
Eftpos card for kids aged 11-15
- For everyday purchases under $100 simply – eftpos Tap & Pay* or, remove the hassle of carrying your wallet around & pay with Apple Pay. (*only available for eftpos cards issued after 04 May , 2020).
- Use Apple Pay with your Apple iPhone or Apple Watch
Visa card for kids 16-17
- Can be used for purchases at retailers or to make cash withdrawals at ATMs
- Use your own money to shop online, overseas, or wherever Visa is accepted
- Use your smartphone with Apple Pay or Google Pay
Over-11s
Kids over 11 can open a transaction account online.
Over-11s can also apply for an eOptions or Growth Saver Account
Build Your kids' skill & confidence with the ESSI Money Challenge
ESSI: Earning, spending, saving and investing.
These are the building blocks for financial success.
That's why Suncorp has collaborated with the Financial Basics Foundation to help young people build their financial literacy at home. The Suncorp ESSI Money Family Challenge is part of the Suncorp App. It helps kids aged 10+ learn about money in a fun and interactive way.
Learn more about the Suncorp ESSI Money Family Challenge .
Learn more about youth money management
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Help your children understand what to expect when they enter the working world, from their rights and responsibilities, to interpreting that first payslip – Read more
There are many different kinds of credit. It’s important to understand how they all work so you can choose the right one when you need it. Read more.
Do your kids know the value of money? And importantly, the value of savings? Download a helpful fact sheet to help you start the conversation – Read more.
Things you should know
Interest rates and fees and charges subject to change without notice.
Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Please read the Product Information Document for Personal Deposit Accounts before opening an account. Fees, charges, terms and conditions apply and are available on request.
To be eligible for a Suncorp Bank Visa Debit card you must be 16 years of age or older. If not eligible you will receive a Suncorp Bank eftpos card.
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