Commonwealth Bank Student Smart Access

$0.00

Commonwealth, Bankwest

Debit Mastercard or
EFTPOS

Commonwealth Bank Student Smart Access Review

Review published: 4 January 2019

What's hot:

  • No monthly account fees

  • Unlimited free transactions from network ATMs, EFTPOS, counter deposits, phone and internet

What's not:

  • Foreign exchange fee 3.00%

Mozo snapshot:

The Commonwealth Bank Student Smart Access Account lives up to its name, with no monthly fees, no withdrawal fees at 4,000 ATMs in Australia and an accessible CommBank app to track and organise your money anywhere, anytime. Plus, the linked debit card gives you access to exclusive offers and comps through Mastercard Debit Rewards.

So listen up students - this just might be the account you’ve been looking for.

Key features:

The Commonwealth Student Bank Account not only waives all monthly account fees for the duration of your studies, but you won’t pay a cent for withdrawal fees at 4,000 CommBank and Bankwest ATM’s in Australia either.

You can use the CommBank Student Smart Access account to shop 24 hours/7 days a week with online and phone banking or in stores with your linked Debit Mastercard. It also comes with free access to exclusive offers and competitions through Mastercard Debit Rewards.

Because it works on the Mastercard network, your debit card will work worldwide wherever MasterCard is accepted. But if you’re spending internationally, just bear in mind, there is a foreign exchange commission of 3.00% and the $5 overseas ATM fee.

And when you’re looking to monitor your money, the CommBank app (now with Spend Tracker) helps organise your money anywhere, anytime - making this a great pick for the student balling on a budget.

If that’s not enough, there’s no minimum account balance to open the account.

However, it should be noted that the CommBank Student Smart Access Account has a $2,000 a day ATM withdrawal limit and just like most transactions accounts in Australia, the CommBank account doesn’t pay interest. So make sure this is the account for the money you use day-to-day, and consider a separate savings account for growing your stash.

Who it's good for:

The Commonwealth Bank Student Smart Access Account is a fee-free option for anyone with an apprenticeship or studying tertiary education, designed for both domestic and international students (you can open an account whilst still oversees if arriving in Australia within 3 months).  If you’re not a student, take a look at the CommBank Smart Access Account instead.

Any catches?

You’ll have to show a valid student card in branch at the beginning of each year to have the monthly fees waived, so plan for a trip to the bank.

How are Commonwealth Bank bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.6

Based on 7050
Commonwealth Bank bank accounts reviews

6.6 6.4 7.6 8.2 7.6

Read Commonwealth Bank bank account reviews by the Mozo community

Latest reviews of Commonwealth Bank Student Smart Access

Commonwealth Bank

Commonwealth Bank Student Smart Access bank account review

Overall rating   10 / 10

I wouldn't go with any other bank

They service is so good.

Full review

They service is so good.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Stephanie, South Australia, reviewed 2 months ago

Commonwealth Bank

Commonwealth Bank Student Smart Access bank account review

Overall rating   10 / 10

All round good

They rock, great bank!

Full review

They rock, great bank!

    Price   5 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Rebekah, Victoria, reviewed 2 months ago

Commonwealth Bank

Commonwealth Bank Student Smart Access bank account review

Overall rating   4 / 10

Not impressed at all

Not too happy. Suspicious transactions have been going on making me look into it.

Full review

Not too happy. Suspicious transactions have been going on making me look into it.

    Price   2 / 10

    Features   2 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   2 / 10

Less

Vanessa, Western Australia, reviewed 3 months ago

Commonwealth Bank

Commonwealth Bank Student Smart Access bank account review

Overall rating   8 / 10

So far so good

My current banking experience with CBA has been quite good.

Full review

My current banking experience with CBA has been quite good.

    Price   8 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Wong, Queensland, reviewed 3 months ago

Commonwealth Bank

Commonwealth Bank Student Smart Access bank account review

Overall rating   10 / 10

Great customer service

I really like the lack of fees and the fact their ATMs are everywhere.

Full review

I really like the lack of fees and the fact their ATMs are everywhere.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Charity, Australian Capital Territory, reviewed 10 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • n/a

Fees

  • $0.00

  • none

  • Unlimited free transactions from network ATMs, EFTPOS, counter deposits, phone and internet

  • $0.00

  • Commonwealth, Bankwest

  • $0.00

  • $0.00

  • $2.50

  • $0.00

  • $0.00

  • $0.00

  • $1.50

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits

  • $0.00

  • $0.00

Features

  • $2,000.00

  • yes

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • Must show valid student card at the beginning of each year to waive monthly fees.

  • none

Atm card

  • $5.00

  • $0.00

  • 3.00%

Debit card

  • $5.00

  • $0.00

  • 3.00%

About Commonwealth Bank

The Commonwealth Bank might be one of Australia's oldest and largest banks, but lately it's determined to do things differently. The Commonwealth Bank reckons it's focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank's wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

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