First Access Account

An everyday transaction account for kids and teenagers

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Teaching your children about money is an education that will last a lifetime. Our First Access Account is the perfect tool to introduce kids under 18 to the world of banking.

With the protection of parental spend controls and a range of age-appropriate financial literacy resources; kids can have a great banking experience right from the start.

To support kids through their banking journey, we’ll give them $20 when they open a new First Access Account before 30 April.*

Features of our First Access Account

Kids eating ice cream

No account keeping or transaction fees¹

So your kids get the most out of their money.

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Cheerful STEM school students work on science experiment

Easy access to funds

Via Internet Banking, our Mobile App and branches.

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Family on line shopping

Optional Visa Debit Card available

Available to account holders from 12 years of age.

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Mother and daughter using smartphone

Fun learning experience

Account holders receive kids’ newsletters with banking tips to help them learn.

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Parents running along beach with children on summer holidays

It’s never too early to start saving

We also offer a First Saver Account, with tiered interest rates to help teach the benefits of saving money. By using both accounts, kids can learn the value of saving and managing their own money.

When completing your First Access Application for Membership, simply tick that you would also like a First Saver Account in section D.

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Rates & fees

  • Rates
    Interest is calculated on whole of balance
    Interest is calculated on whole of balance
    Interest rate (p.a.)
    All amounts
    Interest rate (p.a.)

    0.20%

  • Fees
    One-off fees
    One-off fees
    Amount
    Account keeping fees
    Amount

    $0

    Transaction fees1
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fees
    Amount

    $0

It’s easy to start banking today

Plus, open a First Access account by 30 April and receive $20.*

Download application form Email us

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

Important Information
Interest Rates effective 5 January 2021.


Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.

This information does not take into account your objectives, financial situation or needs. Therefore you should firstly consider the appropriateness of this information and refer to the Terms and Conditions or Product Disclosure Statement (PDS) before acquiring a product. These documents are available at our branches or by contacting us on 1300 654 822. Victoria Teachers Limited ABN 44 087 651 769, AFSL/Australian Credit Licence Number 240 960.

1. Other fees and charges may apply.


*Available to new retail customers under 18 years only when a new First Access (S18) account is opened. Offer available from 1 March 2021 until the earlier of 30 April 2021 or the first 175 customers who qualify. Only one $20 credit per customer which will be applied to the First Access (S18) account by 31 May 2021. If at the time of the $20 credit allocation the First Access (S18) account is no longer open, you will be ineligible to receive the $20 credit.