Commbank Youth App


How do I access my Youthsaver account?

If your child's already got a Youthsaver account and you can see that account in your NetBank, you can open a Smart Access Account for Youth online straight away by logging on to NetBank. via

What is commbank Youthsaver?

Get your child off to the right start with the under 18's Commonwealth Bank Youthsaver account, which offers a standard interest rate of 0.05% p.a., or a 0.55% p.a. bonus variable interest rate when you grow your savings within a calendar month on balances up to $50,000. via

Can you withdraw from Youthsaver account?

There are no monthly account or withdrawal fees on our Youthsaver account. via

Can I open an account for my child online?

Generally under 14s will need a parent or guardian to help them set up their account online or at a branch. Typically you'll have some control of it, in the form of joint ownership, too. Children aged 14 years or older: Some banks, ours included, allow children aged 14 years or older to open a bank account themselves. via

Can I get a debit card for my 12 year old?

Some institutions don't permit minors to have debit cards under their own name until they are at least 16, but others offer them to children who are 13 or even younger. Children have their own debit card, but parents can check spending online or on a mobile app. via

Can a 16 year old open a bank account without parents in Australia?

Minors aged 15-17 can open the account on their own without a parent or guardian present. If your child is between 14-18 they'll have the option of a NAB Visa Debit card with their NAB Classic Banking account. via

Which bank is best for children's account?

Best Savings Account for Minors

  • SBI Savings Account for Minors.
  • HDFC Bank Kids Advantage Account.
  • ICICI Bank Young Stars Account: Savings Account for Minors.
  • Bank of Baroda Kids Bank Account.
  • Axis Bank Future Stars Savings Account.
  • PNB Junior Savings Fund Account.
  • Kotak Mahindra My Junior Account.
  • via

    What's the best account to open for a baby?

  • Best overall savings account for kids: Capital One.
  • Best savings account for college savings: DCU.
  • Best savings account for a young child: PNC Bank.
  • Best savings account for teens: Alliant Credit Union.
  • Best APY for a kid's savings account: Spectrum Credit Union.
  • Best online tools for a kid's savings account: Capital One.
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    How old do you have to be to get a debit card commonwealth?

    To hold a Debit Mastercard, you will need to satisfy certain eligibility criteria, including that you must: Be individual; Be aged 14 years or older, or aged 9 – 13 years with parent/guardian permission to operate account; Have an Australian residential address, or be moving to Australia in the near future; and. via

    Can I withdraw money from my child's bank account?

    Any parent listed as the custodian on a child's bank account can withdrawal and use the money as they wish; however, the money should be used in a way that benefits the child. via

    Can I open a bank account for my 5 year old?

    Minor children by law can't open a savings account. They need a parent or guardian to set up a custodial or joint account. A custodial account is the property of the child, but managed by the parent until the child turns 18. And just as with your money, make sure your child's account is FDIC-protected. via

    Can a 13 year old have a debit card in Australia?

    12-14 year olds can open the account online, but you must be 14 or older to receive the debit card. Easy Money Cards are very similar to debit cards when in Australia, however can only be used to withdraw cash overseas. via

    What banks allow 12 year olds to have a debit card?

    Child bank account with debit card

  • Bank of America Minor Savings Account.
  • Capital One Kids Savings Account.
  • Greenlight debit card and app.
  • American Express Serve prepaid debit card.
  • via

    Can a 14 year old open a bank account without parents?

    Minors cannot own a checking account in their name alone. You must be at least 14 years of age to open a checking account. Legal guardian co-owner is required for those between 14 and 18 years. via

    What ID does a 16 year old need to open a bank account?

    You'll need to bring in your ID (passport, national identity card or birth certificate) and your parent or guardian will need their debit card and PIN. If they don't have a debit card, they'll need to bring in proof of their ID. via

    Can I open bank account for my 12 year old?

    Kids aged 11 to 12 need to be with a parent or guardian and the account can only be opened in a branch. Proof of ID and proof of the parent or guardian's identity and address will need to be provided. via

    How much is GoHenry monthly fee?

    How much does GoHenry cost? GoHenry has a monthly fee of £2.99 per child and gives you access to all of the features mentioned above. You get one free load a month onto a parent account, after which you will be charged 50p per load. via

    Which is better greenlight or FamZoo?

    Greenlight tends to have increased functionality at a better price. And with up to 2% interest on savings and 1% Cash Back on all purchases (on select accounts), it's hard to beat $4.99 per month for a family of five. That said, FamZoo does offer steep discounts for paying for their service in advance. via

    Can a 16 year old open a bank account without parents?

    Can a 16 Year Old Open a Bank Account Without Parents? Not exactly. You cannot open an account without parents or a legal guardian, though you can open a joint account with someone you trust who is the age of majority. via

    Can I open a bank account for my 14 year old?

    At most banks, you can open a teen checking account when your child is 13. One parent is usually required to be a joint owner until your child turns 18. Once you and your teen sign up, she may receive a checkbook and debit card in her name. via

    Can a 16 year old set up a bank account?

    Since minors generally can't open bank accounts by themselves, you'll typically need to be a joint owner of the account, which may actually be a good thing. It'll give you the chance to compare banks and find features that are important to both of you. via

    Can a 13 year old open a bank account without parents?

    Related: Can a 13 year old have a debit card? There are a lot of reasons that somebody may want to open a bank account without having their parents attached to the account. Banks won't open accounts for minors, without a parent or guardian or somebody over the age of 18 to be a co-signer on the account. via

    Can 18 years old open bank account?

    You need to fill out the form for opening the account, with the minor as the first account holder, and you as the joint holder. You also need to submit your photographs along with this form. Some banks ask for the minor's photograph as well. You need to submit the child's birth certificate as age proof. via

    How do I make my child rich?

  • Invest in the stock market.
  • Invest in real estate.
  • Build a business to pass down.
  • Take advantage of life insurance.
  • Invest in your child's education.
  • Teach your children about personal finance.
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    Can an 11 year old get a debit card?

    In many cases, your child will need to be at least 13 years old to qualify for their own card. You could also opt for a prepaid debit card. These cards won't have any parental controls beyond the amount of money you decide to put on the card. via

    Which bank is best for teenager?

    What Are the Top 10 Checking Accounts for Teens?

  • Chase Bank.
  • Union Bank & Trust.
  • USAA.
  • Alliant Credit Union.
  • Citizen's Bank.
  • Bank of America.
  • First National Bank and Trust.
  • Your Local Community Bank.
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    Can a 9 year old have a debit card?

    Children can't open their own bank account until they reach the age of majority in their state- often 18 years old. It's likely that your child will need to be at least 13 years old before receiving a card. These cards also effectively function as a prepaid debit card because you can establish parental controls. via

    Can parents spend child's money?

    It's not illegal to take money from your kids in most cases, although, of course, there are exceptions, like if the child's money is in a specific trust and you abuse the funds. Simply confiscating your child's funds sends the message that it's okay to take whatever you need. via

    Can I put my savings in my child's account?

    There's usually no tax to pay on children's accounts. Tell HMRC if, in the tax year, the child gets more than £100 in interest from money given by a parent. The parent will have to pay tax on all the interest if it's above their own Personal Savings Allowance. via

    What happens to my bank account when I turn 18?

    Once they turn 18 years old, their minor account will be automatically converted to a Savings account. via

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