Bank accounts for kids and teens

You care about your child's money habits. Give them the sweet taste of freedom with their own transaction and savings accounts, and they could earn $30.*

Why choose Westpac for Youth banking?

  • No transaction or monthly service fees¹
  • Kid-friendly features to help keep their money safe
  • Everyday and savings accounts with the flexibility to grow with them
  • Go-anywhere account management via the Westpac App
  • Kids 8 or over can access money anytime, anywhere with a Debit Card on their Westpac Choice Youth account

   

Your child could get $30 on us

All they need to do is open a Choice Youth everyday account with a Bump savings account, so they have one of each. Then, deposit at least $100 into their Bump account within 30 days, and we’ll give them $30. Under 18s only and T&Cs apply.*

Youth bank accounts for kids and teens 

Bump savings account

Help your child save from birth and up with the Westpac Bump savings account, which offers bonus interest2 for regular saving and adjustable parental controls3 to keep them on track throughout their school years.

Open now Learn about Bump

Youth everyday account

Give your child the freedom to manage their money with a Westpac Choice Youth everyday account. Packed with kid-friendly features, the account offers kids 8 and up the opportunity to have their own Debit Card4.

Open now Explore Choice Youth

Youth savings + everyday

 Under 18? Get $30 on us*

We've made it simple for you to set up all the bank accounts your child will need in one go. Open a Choice Youth everyday account (with Debit Mastercard® for kids 8 and over4) when you open their Bump savings account.

Open now Discover Youth bundle

Features that make banking fun, safe and simple for kids
 

Pocket money and chores

Grow their independence by setting up regular pocket money payments paid directly into their account.

 

Pocket Money feature

Set and share savings goals

Set savings goals5 with your kids that they can share with you to help boost their balance and build smart money skills.

 

Savings goals

Safe and secure

Kids can bank confidently, knowing we've got their backs with features and guarantees to keep their money safe.

 

Parental controls

Good money habits

Help your child learn how to manage their money with simple lessons, tips and tricks to get ahead and stay ahead.

 

Money matters for kids

Manage your money with an award-winning youth account

Children 8 years and over can link a Debit Mastercard® to their Westpac Choice Youth account4, giving a kick-start to their money skills with kid-friendly features that will keep their money safe and secure.

The debit card is automatically linked when the account is opened, except for children under 14. For children 8-13, a parent or guardian must order their card separately.

 

Voted Canstar's Outstanding Value Junior & Youth Banking 2024

Weekly spend limit

So they don't spend all their money at once. The limit can be changed as they get more experience.

Card lock and unlock

Helps to keep their money safe if they’ve lost, misplaced or had their Debit Card stolen.

Kid rated shopping

Children can shop in-store or online without the fear of spending at age-restricted sites or retailers.

Parental notifications

Messages for parents or guardians about their account activity so you can guide and support them.3

Learn more about banking

Kids bank accounts

Tools, rates and calculators

Resources and articles

Find a branch

Visit your local branch

Give us a call

1300 558 724

8am – 8pm (Sydney time) 7 days

Apply online

Open an everyday bank account with your savings account in one click

Open now
Things you should know
Deposit Accounts for Personal customers Terms and Conditions (PDF 712KB) 
Online Banking Terms and Conditions (PDF 1MB) 
Find out what information you need to provide to become a customer (PDF 657KB) 
Westpac Debit Mastercard® Terms and Conditions (PDF 210KB)

 

1. Account fees: other fees may be charged for banking services.

 

2. Bonus interest: payable each month that you: make a deposit to the account (any interest paid to your account does not qualify as a deposit), ensure the account balance is higher at the end than the beginning of the month, and keep the account balance above $0. For bonus interest qualification, a month means from 11.59pm on the last business day of the previous month to 11.59pm on the last business day of the current month. A business day means any weekday from Monday to Friday, excluding weekends and national public holidays.

 

3.  Parental Control: Parents, grandparents, or guardians must be an account signatory to have Parental Control. Child must be registered for Westpac Online Banking and Westpac Telephone Banking to access accounts online or over the phone.  For children under 12 years of age: Parental Control is mandatory, and self-service Telephone Banking is not available.  For children aged 12 years and over: Parental Control is optional and access levels can be amended by the child at any time. Parental Control does not apply to a child’s access to funds in branch, however a signatory must authorise branch withdrawals where a child is under 8 and a debit card is not available.

 

4.  Debit Mastercard®: Westpac Choice Youth account, the eligible card age is 8. For any other transaction account, the eligible card age is 14. You must have an Australian residential address. 


5.  Savings Goals: Both an account holder and an authorised user can use the Savings Goals feature, including to view, add, edit and delete the savings goals on a Westpac Life or Bump account.


* Youth Promotion Terms and Conditions
  • To receive $30 you must meet the eligibility criteria and satisfy the requirements in these Terms and Conditions. This promotion is available from 01/04/2024 to 30/04/2025.
  • Available to new or existing Westpac customers under 18 years of age (Customer), who have not previously held a Westpac Bump Savings and/or Westpac Choice (Youth) account.
  • This promotion excludes Customers who have opened and closed both of these accounts, as well as joint accounts.
  • During the promotion, the Customer must open the required account(s) so that the customer holds both a Bump Savings and Choice (Youth) account in the Customer’s name (account(s) must be active and ready to use), and must deposit a cumulative minimum of $100 into one Bump Savings account within 30 days of opening the account(s).
  • Deposit must be Customer initiated and does not include interest payments into your account.
  • The $30 promotion amount will be paid into the Customer’s Westpac Choice (Youth) account within 50 calendar days of meeting these Terms and Conditions. Both the Westpac Bump Savings and Westpac Choice (Youth) accounts must remain open during that period for the $30 promotion amount to be paid.
  • Each eligible youth Customer is only entitled to one $30 promotion amount payment when the Customer has met all the requirements set out in these Terms and Conditions.
  • In the event multiple eligible accounts are opened for the same Customer, the $30 promotion amount will be paid to the Customer’s Westpac Choice (Youth) account that was opened first and active.
  • We reserve the right to withdraw, amend or extend this offer at any time.
  • Deposit Accounts for Personal customers Terms and Conditions (PDF 712KB) apply to Westpac Bump Savings and Westpac Choice (Youth) accounts. Please read these terms and conditions carefully to determine whether these products are right for your needs and requirements.

 

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.