Bank accounts for kids and teens
Why choose Westpac for Youth banking?
- No transaction or monthly service fees¹
- Kid-friendly features to help keep their money safe
- Everyday and savings accounts with the flexibility to grow with them
- Go-anywhere account management via the Westpac App
- Kids 8 or over can access money anytime, anywhere with a Debit Card on their Westpac Choice Youth account
Youth bank accounts for kids and teens
Features that make banking fun, safe and simple for kids
Pocket money and chores
Grow your child’s independence by setting up regular pocket money payments paid directly into their account.
Set and share savings goals
Set savings goals5 with your kids that they can share with you to help boost their balance and build smart money skills.
Safe and secure
Kids can bank confidently, knowing we've got their backs with features and guarantees to keep their money safe.
Good money habits
Help your child learn how to manage their money with simple lessons, tips and tricks to get ahead and stay ahead.
Give your kids a head start with their own Debit Card
Children 8 years and over can link a Debit Mastercard® to their Westpac Choice Youth account4, giving a kick-start to their money skills with kid-friendly features that will keep their money safe and secure.
The debit card is automatically linked when the account is opened, except for children under 14. For children 8-13, a parent or guardian must order their card separately.
Learn more about banking
Things you should know
1. Account fees: other fees may be charged for banking services.
2. Bonus interest: payable each month that you: make a deposit to the account (any interest paid to your account does not qualify as a deposit), ensure the account balance is higher at the end than the beginning of the month, and keep the account balance above $0. For bonus interest qualification, a month means from 11.59pm on the last business day of the previous month to 11.59pm on the last business day of the current month. A business day means any weekday from Monday to Friday, excluding weekends and national public holidays.
5. Savings Goals: Both an account holder and an authorised user can use the Savings Goals feature, including to view, add, edit and delete the savings goals on a Westpac Life or Bump account.
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.