My Connect
Making banking simple for youth under 21 years of age. The My Connect account provides fee free transactions
- Base rate
- 0.1%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | My Connect_Tier_1 | yearly |
| Variable | 0.01% | My Connect_Tier_2 | yearly |
| Variable | 0.1% | My Connect_Tier_3 | yearly |
| Variable | 0.1% | My Connect_Tier_4 | yearly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DECLINED_ATM_OR_EFTPOS_TRANSACTION Capped at $0.00 · Each time an ATM or EFTPOS transaction is declined | Event | $1.00 |
| ATM_BALANCE_ENQUIRY Capped at $0.00 · Each time a balance enquiry is requested at an ATM | Event | $0.50 |
Features
- Bill payment (BPAY)
- Card access
- Digital banking
- Real-time payments (NPP)
- PayID
- Unlimited transactions
- Electronic Withdrawals
- Unlimited transactions
- Branch Withdrawals
- Unlimited transactions
- Card Purchase / EFTPOS / ATM
Eligibility
- Maximum age — 21 years
- Individuals only
Constraints
- Minimum balance — $1.00
More Information
Published by gmcu under the Consumer Data Right · Last updated 9 April 2026 · Product ID My_Connect · View on CDR.gov.au