Bank & Save for kids
Kids Bank Accounts
Everyday accounts and a Kids Savings Account, all with no monthly account keeping fees.
A fee-free savings account that rewards kids for saving, offering bonus interest for regular savers
No fees
$0 monthly account keeping fee and no transaction fees.
No minimum balance
Open an account with any amount of money and start earning interest.
Earn bonus interest
Each month, deposit at least $20 into the account and make no more than one withdrawal.
Who can open this account?
Over-11s & under-18s
Kids in this age range can open this account at any Suncorp Bank branch.
Under-11s
Kids under 11 will need a parent or guardian to open their account for them.
We’ll have to confirm your identity when you visit, so please take a moment to read our personal ID requirements.
No fees
$0 monthly account keeping fee and no transaction fees.
Tap & pay
Add your debit card to your phone’s digital wallet.
24/7 access
Manage your money on the go with the Suncorp Bank App and Internet Banking.
Who can open this account?
11-14 years
You can apply online to open your account. You’ll need to visit any of our Suncorp Bank branches or a participating Australia Post outlet to finalise your account opening.
15-17 years
You can apply online to open your account. All you’ll need is two forms of ID such as an Australian Passport and a Medicare card.
Learn more about youth money management
Showing 3 of 4 articles
Showing 2 of 4 articles
Showing 1 of 4 articles
Saving money is a learned skill and the earlier you can start, the better! To get in the habit, explore how to save money as a teen.
An early financial education may be the best investment you make in your kids’ financial futures. Learn three practical ways to start teaching your kids about money.
When's the right time to open a bank account for your child? We discuss the benefits, what to look for & how to know if they're ready. Read more.
Things you should know
Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722 (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of these changes for each product can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
Interest rates and fees and charges subject to change without notice.
To be eligible for a Suncorp Bank Visa Debit Card you must be 11 years of age or older. For Visa Debit Cards issued to customers aged 11-15 years of age, we will (where possible) block purchases from merchants using the following Merchant Category Codes: Dating Services (7273), Massage Parlours (7297), Gambling Transactions (7995), Government-Owned Lotteries (Non-U.S. region) (9406), Government-Owned Lotteries (U.S. Region only) (7800), Government Licensed Casinos (Online Gambling) (7801), Government Licensed Horse/Dog Racing (U.S. Region only) (7802), Direct Marketing - Outbound Telemarketing Merchants (5966), Direct Marketing - Inbound Telemarketing Merchants (5967).
