Accounts tailored for students and young people
The award-winning, Youth Access Account is designed for young people up to the age of 16 years, offering a full transactional account, no account service fee and no minimum monthly balance.
The Student Access Account is designed to provide support to those aged 17-25 years who are studying at University or undergoing a traineeship/apprenticeship. The account provides full branch access for deposits, withdrawals or counter cheques as well as Visa Debit access.
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Locate a Branch- Account service fee exempt for eligible members 1
- No minimum monthly balance
- 24/7 online access
- Online banking and mobile app
- Visa Debit card to access your account (from 12 years) 2
- ATM/eftpos available (from 12 years old)
| Transaction Type | Fee |
|---|---|
| Visa Debit (where credit option is selected on purchases) | $0 |
| eftpos transactions (including declined) | $0.70 |
| payWave | $0 |
| Digital Wallet (Apple Pay and Google Pay) | $0 |
| Capricornian ATM withdrawals, balances and declined | $0 |
| Visa Debit cash advance 3 | $0.70 |
| Direct credits | $0 |
| Direct debits | $0 |
| Cash deposits | $0 |
| Cheque deposits | $0 |
| Cash withdrawals (in branch) | $0 |
| Internal funds transfer | $0 |
| External funds transfer | $0 |
| BPAY | $0 |
| Account service fee 1 | Exempt for eligible members |
| Transaction Type | Fee |
|---|---|
| Visa Debit (where credit option is selected on purchases) | $0 |
| eftpos transactions (including declined) | $0.70 |
| payWave | $0 |
| Digital Wallet (Apple Pay and Google Pay) | $0 |
| Capricornian ATM withdrawals, balances and declined | $0 |
| Visa Debit cash advance 3 | $0.70 |
| Direct credits | $0 |
| Direct debits | $0 |
| Cash deposits | $0 |
| Cheque deposits | $0 |
| Cash withdrawals (in branch) | $0 |
| Cheque withdrawals/encashment | $0 |
| Internal funds transfer | $0 |
| External funds transfer | $0 |
| BPAY | $0 |
| Account service fee 4 | Exempt for eligible members |
Other fees and charges may apply. For more detailed information please see Conditions of Use.
| Account | Account Balance | Interest Rate |
|---|---|---|
| Youth Access Account (up to 16 years) | Under $5,000 | 2.00% p.a |
| Youth Access Account (up to 16 years) | Over $5,000 | 1.50% p.a |
| Student Access Account (17-25 years) | Any balance | 0.00% p.a |
Rates effective from 11/07/2023.
Eligibility criteria, terms and conditions, fees and charges apply. Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Capricornian account, please read the Conditions of Use and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Capricornian Branch.
1 Account service fee exempt on first account, $6.00 per month subsequent accounts.
2 Quarterly card fee exemptions apply to Capricornian Members aged 25 years and younger. Replacement card fee may apply.
3 Where credit option is selected for cash, or cash and purchase transactions.
To close your account, please visit us in branch or call our Contact Centre on 1300 314 900. Please see Conditions of Use for further information.
Individuals under the age of 16 years are allowed to operate an account provided:
- the child is mature enough and able to provide a consistent and satisfactory signature, and
- the account is not allowed to go into overdraft.
For accounts opened for a child under 12 years of age, a parent or guardian may be authorised to operate (ATO) on the account. Visa Debit Card available only to the account holder on reaching the age of 12 years. The Youth Access Account can be linked to parent’s or guardian’s online banking.
Until full access to the account is given to the child, The Capricornian Ltd will only accept and act on the instructions of the adult authorised to operate.
Once the child turns 12, a new notice of authority may be completed by the adult to record the specimen signature of the child and update the adult’s new mandate to the child.
When the child turns 16, they may request full access to the account without the parent/guardian’s consent.
