If aged over 21, to achieve the bonus interest rate you’ll have to keep your account balance above $0 and grow your account by at least $50 a month. The Incentive Saver account has a base interest rate of 0.15% p.a. At age 18, the full range of banking services, including credit card facilities, is open to customers.īankSA offers an Incentive Saver account and a Maxi Saver account. Between the ages of 13 and 17, a young person can open an account in their name alone once their signature has been registered. It also offers Apple Pay and the Spend Tracker feature, which categorises your spending so you can keep tabs on your budget.įor children, teens and students under 12, a joint account can be opened in their name with a parent or guardian. Up to the 28th of September, 2022, there’s a $40 cash offer to new customers who open a Complete Freedom account and deposit at least $500 within the first 30 days and make five eligible debit card purchases in that time.īankSA also has a mobile banking app which offers Cardless Cash to enable you to withdraw cash from ATMs using your smartphone. There are often special cash reward offers to entice customers to open a new account in Australia. Having a linked credit or debit card gives you access to the My Offers Hub, a rewards scheme offering reductions on major retail branded goods plus movie tickets and gift cards. There’s no account-keeping fee and it comes with a linked Visa debit card.

BankSA’s main transaction account is known as a Complete Freedom Account.

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