Student Account
An account designed for students who want easy access to their money and zero monthly account keeping fees.
We understand every dollar counts as a student.
Our student account has no monthly account keeping fees and no minimum monthly deposits.
Banking from class, home or on the go!
24/7 access with internet banking, abal.online and our mobile app, abal.mobile.
"Can I Tap?"
Tap & Go up to $100 (temporarily $200 during COVID-19!) with a Visa Debit Card.
Other Features:
- Minimum opening deposit A$1
- Interest paid on balances of A$2,000 and over
- Interest is calculated daily and paid monthly
- Statements are supplied quarterly
- Convenient access via ATM and EFTPOS, Internet Banking and over the counter service
- Up to 45 free transactions per month (maximum of 5 free Over the Counter transactions and 40 free EFTPOS transactions per month)
- Fee free Internet Banking transactions*
- Australian Government Guaranteed
Information on the Target Market Determination for this product can be found here.
* Fee free Internet Banking transactions are all personal Internet Banking transfers between your linked accounts, Transfer to Anyone and bill payments via BPAY®.
| Tier | Interest Rate |
|---|---|
| $0 - $1,999 | 0.40 |
| $2,000 - $9,999 | 0.40 |
| $10,000 - $49,999 | 0.65 |
| $50,000 - $99,999 | 0.65 |
| $100,000 + | 0.65 |
Rates current as of:
Note
- Interest paid monthly
- All rates are available on Australian Dollar deposits
- Rates subject to change without notice
- The issuer of this product is Arab Bank Australia Limited