---
title: "School Everyday Account — Bank First"
description: "Transaction & Savings Accounts from Bank First. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-first/products/5df8fad1-a08c-44bd-9b2f-7e64c32e6c6e
source: "CDR Compare"
language: en-AU
last_updated: 2026-04-30T07:28:51.493812Z
---

# School Everyday Account — Bank First

> Transaction & Savings Accounts from Bank First. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · Bank First Production**

School Transaction Account

## At a glance

- **Base rate:** 2.4%

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 2.4% | School Everyday Account_Tier_2 | every 3 months |
| Variable | 0.05% | School Everyday Account_Tier_1 | every 3 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Direct Entry Return Fee | Event | $2.50 |
| Direct Debit Dishonour Fee | Dishonour | $15.00 |
| Bank First Cheque Fee | Event | $5.00 |
| Coin Handling Fee — Handling of a coin deposit or withdrawal - $5 per every $100. | Event | $5.00 |
| Account Keeping Fees — Charged monthly | Ongoing | $0.00 |
| Inactive Membership Fee — Charged yearly | Ongoing | $30.00 |
| Direct Debit Stop Request | Event | $9.00 |
| Statement Request | Enquiry | $0.00 |
| Bank First Corporate Cheque Stop Payment | Event | $15.00 |
| Non- Individual Membership Establishment Fee — Applies when a Non-Individual membership is established | Upfront | $50.00 |
| Overdrawn Account Fee — Applies when your Transaction / Savings Account is overdrawn or the balance exceeds the limit of any Overdraft attached to the account at close of business and charged again at seven day increments if the balance remains overdrawn / limit exceeded. | Event | $15.00 |

## Features

- **Other service related charges apply based on your circumstances**
- **Bill payment (BPAY)**
- **Bill payment (BPAY)** — Bpay
- **PayID**
- **Digital banking**

## Eligibility

- **Minimum 2 signatories**

## More information from Bank First

- [Overview](https://www.bankfirst.com.au/bank-accounts/school-accounts/everyday-school-account)
- [Terms & conditions](https://www.bankfirst.com.au/disclosure-documents)
- [Eligibility](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_a.pdf?la=en&hash=1BD3E51F84EC9362648BB08285FA0082715FEDB6)
- [Fees & pricing](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_c_schools.pdf?la=en&hash=75BFC555771ABBE857948B9FC65F5AA3BC01E0FE)

## Data provenance

- Published by Bank First under the Consumer Data Right
- Product ID: `5df8fad1-a08c-44bd-9b2f-7e64c32e6c6e`
- Last updated by the provider: 30 April 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-first/5df8fad1-a08c-44bd-9b2f-7e64c32e6c6e
- Provider page: https://www.cdrcompare.au/brands/bank-first
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000112

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-first/products/5df8fad1-a08c-44bd-9b2f-7e64c32e6c6e) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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