St. George Youth & Student Bank Account Options

The St. George student bank account allows students to start on the right path with money management at a young age. This means giving children and students the necessary financial awareness they need to help them learn good money habits.

Benefits of the St. George Student Bank Account

The Complete Freedom Student Account< is especially for full-time students and apprentices. With no monthly fees and no minimum account balance required, this type of account can be ideal for young people to begin learning about sensible money habits.

This kind of St. George Student Bank Account offers young people unlimited access to their money at any St. George, Westpac or Bank SA ATMs around Australia. There is also no limit to the number of deposits, withdrawals, direct debits, EFTPOS transactions with this type of student account, which can be a great benefit.

For students receiving Youth Allowance or Austudy payments, it’s possible to automate deposits and payments using direct credits, so you’ll always know your money will arrive in your account on time. If you have payments to make on regular bills, then setting up direct debits to pay your bills automatically is also a great way to avoid paying important expenses past the due date.

There are also plenty of calculators and downloads available to students, all designed to help them create budgets, understand savings goals and make banking fun.

Qualifying for the St. George Bank Student Account

In order to qualify for the St. George Bank student account, you will need to bring a Student Identification Card and a letter from your school, college or educational institution showing that you really are a full-time student.

If you’re an apprentice, then you may also need to provide a letter from your State Training Authority, stating that you are registered in an apprenticeship. Your letter will show details like your apprentice registration number, your apprenticeship contract identification and when you’re due to complete your apprenticeship training.

Accounts for Students Under 13

St. George Bank student accounts are also available for students under the age of 13. The Happy Dragon club is automatically available to any child under 13 with an Incentive Saver Account or a Complete Freedom Account.

The Happy Dragon Club is designed to help kids develop sensible money habits at a very young age and aims at making banking and saving fun. The club offers members regular newsletters containing plenty of fun and interesting ways to keep them interested in the progress of their savings.

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