Statement (Student) Account
Transaction & Savings AccountsData Sharing Status
A low fee transactional account, with no monthly account keeping fee, for eligible students.
- Base rate
- 0.35%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.35% | AMOUNT | monthly |
| Variable | 0.35% | AMOUNT | monthly |
| Variable | 0.35% | AMOUNT | monthly |
| Variable | 0.25% | AMOUNT | monthly |
| Variable | 0.25% | AMOUNT | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Over the Counter Fee Up to 45 free transactions per month (maximum of 5 free Over the Counter transactions and 40 free EFTPOS transactions per month) | Transaction | |
| Eftpos Fee Up to 45 free transactions per month (maximum of 5 free Over the Counter transactions and 40 free EFTPOS transactions per month) | Purchase |
Features
- Card access — Access funds with a Visa Debit payWave Card
- Free transactions — 5
- A maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month
- Digital banking
- Fee free Internet Banking transactions are all personal Internet Banking transfers between your linked accounts, Transfer to Anyone and bill payments via BPAY®.
- No monthly account keeping fee
Eligibility
- The Student Account is available to school children 12 and over and tertiary students who are studying full time Only available for private or domestic use and cannot be used for business purposes. Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
Constraints
- Opening balance — $1.00
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 13 June 2025 · Product ID STASTUDENT01 · View on CDR.gov.au