Children and under 18s - Accounts

Children and under 18s

Children & under 18s - Youth is for fun, not finances

ANZ offers a range of features on children's bank accounts to help them save and bank with ease.

ANZ Access Advantage - child bank account options

If you are under 18 years, we will waive the monthly account service fee on application for an ANZ Access Advantage account¹. This means you can make unlimited transactions at ANZ branches, ANZ ATMs and through EFTPOS, ANZ Phone Banking and ANZ Internet Banking.

ANZ Progress Saver

With an ANZ Progress Saver account, you simply make one deposit of just $10 or more and make no withdrawals in any month and you'll earn bonus interest that month!²

And if you're under 18 years, your account will be free of monthly account service fees and transaction fees³.

Key features

Monthly account service fee on children's bank account

Number of free ANZ withdrawals per month

Unlimited³(including EFTPOS on ANZ Access Advantage)

ANZ Progress Saver interest

Earn interest on your savings with the opportunity to earn bonus interest by simply making one deposit of $10 or more and no withdrawals per month.²

View current bonus interest rates

Access to funds

For parents and guardians who are trustees of their child's bank account:

Access to funds via ANZ ATMs, ANZ Phone Banking, ANZ Internet Banking and ANZ branches (and EFTPOS on ANZ Access Advantage).

For customers aged 12 to 17 with a sole or joint account:

Access to funds via ANZ ATMs, ANZ branches, view only ANZ Internet Banking and balance enquiries via ANZ Phone Banking (and EFTPOS on ANZ Access Advantage).

Ability to deposit regular funds

Yes, for example your parent/guardian can deposit your pocket money or other income directly into your account regularly via periodical payments or recurring payments (via ANZ Internet Banking).

Fees and charges

Up-to-date fees and charges

Additional features

ANZ designmycard

(only available on ANZ Access Advantage)

Design your ANZ Access card with an image of your choice for just $15⁴. You can upload your favourite photo or design, or choose an image from our image library. Just visit the designmycard website to design your card and apply for an ANZ Access Advantage account. If you already have an ANZ Access card, simply visit the designmycard website.

Opening an account
If you are a parent or guardian opening an account for a child under 12 years, you will need to open the account in Trust for the child. You may choose to have full electronic access. If you are a customer aged 12 to 17 and can sign a consistent satisfactory signature, the account can be opened in your own name or as a joint account with your parent or guardian. Otherwise, the account must be opened in Trust. At this age you can have optional electronic access through: ATMs EFTPOS ANZ Internet Banking (view only) ANZ Phone Banking (balance enquiries).

Opening an account

If you are a parent or guardian opening an account for a child under 12 years, you will need to open the account in Trust for the child. You may choose to have full electronic access.

If you are a customer aged 12 to 17 and can sign a consistent satisfactory signature, the account can be opened in your own name or as a joint account with your parent or guardian. Otherwise, the account must be opened in Trust.

At this age you can have optional electronic access through:

ATMs
EFTPOS
ANZ Internet Banking (view only)
ANZ Phone Banking (balance enquiries).

Identification requirements
If you are a parent or guardian who is not an existing ANZ customer, you will be required to bring your own identification documents for the customer identification process plus identification for the child when opening an account: for the child in trust with the child as a joint account.

Acceptable forms of identification for child
If you are a customer under 18 years, you will be required to bring one of the following forms of identification: birth certificate current signed student photo ID card education institution statement on letterhead with principal's signature citizenship certificate current passport. To find out more about what documents a parent or guardian needs to bring, please call 13 13 14 or visit any ANZ branch.

Acceptable forms of identification for child

If you are a customer under 18 years, you will be required to bring one of the following forms of identification:

birth certificate
current signed student photo ID card
education institution statement on letterhead with principal's signature
citizenship certificate
current passport.

To find out more about what documents a parent or guardian needs to bring, please call 13 13 14 or visit any ANZ branch.

1. Customers under 18 need to show proof of age at an ANZ branch in order to receive a monthly account service fee waiver.

2. The month commences on the day the account is opened.

3. Other fees may apply (including non-ANZ ATM operator fees, overseas ATM fees and overseas transaction fees). Terms and conditions apply. Customers under 18 need to show proof of age at an ANZ branch in order to receive a monthly account service fee waiver.

4. Subject to ANZ designmycard image guidelines and terms and conditions.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

ANZ recommends you read the Product Disclosure Statement and the Financial Services Guide (PDF 208kB) before acquiring the product.

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