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What type of bank account could I get?

Savings account

It’s the account you choose when you want to grow your money rather than spending it, as you’ll earn interest on your balance.

Transaction

You’ll use this account to withdraw cash or buy things in-store or online, and if you're 14 or older, it comes with a debit card2.

Bundle both

Get both accounts so you don’t need to choose, linking them so you can easily manage your money with Mobile Banking.

How do I open a bank account?

1.

Have your ID handy

Types of ID you can use

2.

14 or over: Open your account(s) online using one of the Open buttons

Under 14: You’ll need to head into your nearest St.George branch with your parent or guardian

3.
Start using your account(s), with easy access to your banking on your mobile phone

What you’ll get with your bank account

Savings only

Incentive Saver

  • $0 Account-keeping fee

  • Earn up to 5.15% p.a. when you grow your account by at least $0.01 a month1 and your account balance remains below $250,000.
  • Open online if you're 14 or over, if under 14 you'll need to head into branch with a parent or guardian.


 

Transaction only

Complete Freedom

  • $0 Account-keeping fee

  • Get a Visa Debit card2 (aged 14 and over) or Freedom Card (12 or 13)
  • Open online if you're 14 or over, if under 14 you'll need to head into branch with a parent or guardian.


 

Bundle both

Complete Freedom + Incentive Saver

  • $0 Account-keeping fee on both accounts
  • Get a Visa Debit card (aged 14 and over) or Freedom Card (12 or 13)
  • Earn up to 5.15% p.a. when you grow your incentive saver account by at least $0.01 a month1 and your account balance remains below $250,000.
  • Open online if you're 14 or over, if under 14 you'll need to head into branch with a parent or guardian.


 

Learning about money

FAQs

Can a child have a debit card?

You can get a debit card with a St.George Complete Freedom account if you’re 12 or over. It will be a VISA Debit Card2 if you’re 14 or over and a Freedom Card if you’re 12 or 13.

Can a parent/guardian open a bank account for a child?

Yes. To do this, you’ll need to head into a St.George branch with your child with both your and your child’s ID.

What is the youngest age you can get a bank account?

You can have a bank account as soon as you have the required ID documents.

(Types of ID you can use (PDF 845KB))

How much does it cost to open a bank account for a child?

It is free to open a St.George Complete Freedom transaction account and Incentive Saver savings accounts for your child.

There are also no account-keeping fees on these accounts.

Read the Terms and conditions including fees for Transaction, Savings and Investment Accounts (PDF 1MB), including charges that may apply, before making a decision and consider if it is right for you.

Important information


Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.

St.George Bank accounts interest rates.

1. The 5.15% p.a. rate is a combination of a variable base rate of 1.85% p.a., and a variable bonus rate of 3.30% p.a. Earn the variable bonus rate as long as you grow your account balance by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and your account balance does not fall below $0.

2. To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over. If you’re 12 or 13 years old and have an Australian residential address, you can request a Freedom Card in branch.