5 Best Bank Accounts for Students in Australia
As a student in Australia, managing your finances effectively is crucial. But if you avail the best bank accounts for students in Australia, you can make a difference. Choosing a bank that caters specifically to students’ needs is essential. In this article, we’ve compiled a list of the five best bank accounts tailored specifically for students. Discover the perfect banking solution that offers convenience, low fees, and student-friendly features to help you make the most of your money.
Disclaimer: All the following Advertised Products have been Physically Tested & Inspected by our Editorial Team prior publishing this Review article.
Featured Products
Wise.com
Limited Time Offer: $50 Discount
Revolut
Limited Time Offer
Hay.com
Limited Time Offer
Editorial Picks
Best for Exchange Rate
Wise.com
Why We Picked It
Wise.com, formerly TransferWise, is one of the best bank accounts for students in Australia. This student bank account Australia provides an online money transfer service offering a multi-currency account. With Wise, you can easily send and receive money in different currencies.
The user experience on the Wise.com platform is designed to be simple and intuitive. Navigating through the website or mobile app is straightforward, enabling students to manage their multi-currency accounts easily.
Pros & Cons
Best for Free ATM Withdrawals
Revolut
Why We Picked It
Revolut is a popular digital banking platform that provides various financial services tailored for students. With Revolut, you can enjoy seamless banking experiences, budgeting tools, and international money transfers.
It offers competitive exchange rates and low fees, making it an economical option for sending money overseas or receiving funds abroad. This feature is particularly valuable for international students.
Pros & Cons
Best for Zero Transaction Fees
Hay.com
Why We Picked It
Hay.com is a student-focused banking solution designed to meet the specific needs of Australian students. With a range of features and benefits tailored to student life, Hay.com offers a seamless banking experience.
With its quick and easy account setup process, user-friendly mobile app, emphasis on financial education, and student-friendly fee structure, Hay offers a convenient and accessible way for students to manage their finances.
Pros & Cons
Reliable and Secure
NAB
Why We Picked It
National Australia Bank (NAB) offers a range of student bank accounts with features catering to students’ unique requirements. With a strong presence across Australia, NAB provides accessibility and convenience to its student customers.
By partnering with various merchants, NAB helps students stretch their dollars. This program recognizes the financial challenges faced by students and aims to provide them with Saving opportunities
Pros & Cons
Easy Accessibility
Commbank
Why We Picked It
Commonwealth Bank of Australia, commonly known as Commbank, is a leading bank in Australia that offers a range of student bank accounts tailored to meet the specific needs of students.
Commbank has a reputation for being one of the best bank accounts for students in Australia. Its extensive banking features and accessibility make it a standout choice for students.
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