Community First Credit Union logo

Community First Credit Union Student Starter

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review Community First Credit Union Student Starter - last updated: 1 March 2021

binocular icon
What's hot
  • Apple Pay, Google Pay and Samsung Pay available
  • No ongoing fees
  • No overseas ATM fees (from CFCU)
What's not
  • 3% foreign exchange commission
Mozo snapshot

The Community First Credit Union Student Starter Account is is built for Aussie students between the ages of 17 and 24, who are looking for an easy-to-navigate transaction account to manage their money - without any monthly account fee.

key icon
Key features

If you whip out your concession card at lightning speed to make sure you get that 10% student discount wherever you go, chances are you currently live that frugal student-budget lifestyle. We assume you'd probably want to find just the right transaction account to fit this lifestyle, right? 

Well, the Community First Credit Union Student Starter Account could be a contender, because if you’re a student, apprentice or trainee between 17-24 years old, you won't be whacked with any monthly account fee.

The account comes with the latest mobile payments options to let you leave your wallet at home (think Apple Pay, Google Pay, Samsung Pay), plus PayID if you're looking for a fast and easy way to transfer money to your mates. You’ll also be happy to hear that you can manage your account and make unlimited free transactions via phone, internet, Eftpos and in-branch.  

Need to withdraw some cash? You'll be able to do so for free at any Community First Credit Union ATM, or an ATM from one of the big four banks. Just remember that there's a daily ATM withdrawal limit of $1,000 with the account. 

When you sign up for a Community First Credit Union Student Starter Account, you’ll receive an Eftpos/Visa debit card, which comes with the option of a $500 Visa overdraft (subject to lending criteria). Or if you are more into wearables, you can opt for a payWave wristband to connect to your account - which allows you to make secure purchases below $100.00 in a flash!

snapshot
Who is it good for

The Community First Credit Union Student Starter Account could be an excellent everyday account option for Aussies between 17 and 24 years of age, who are studying or undertaking an apprenticeship/traineeship full-time. And once you’re over 24 or are no longer studying, you’ll be able to switch over to a regular Community First Credit Union Access Account.

question icon
Any catches

Thinking of spending your uni break travelling across Europe? Be aware of the 3.00% foreign exchange commission, which is a pretty standard feature for most transaction accounts, but can eat into your travel budget. However, Community First Credit Union won't charge you any fees to withdraw money from an ATM abroad (though the ATM provider might). 

Details

Rates and fees information correct as at 18 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.00% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited free transactions from phone, internet, Eftpos, own-bank ATM, branch and cheque

$0.00

Community First Credit Union

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

3.00%

$0.00 monthly

Other financial bits

$0.00

$0.00

Features

$1,000.00

yes

no

yes

yes

no

yes

yes

Must be 17-24 years old and a full-time student or undertaking an apprenticeship/traineeship full-time.

Option of a $500 Visa Overdraft subject to lending criteria.

Atm card

$0.00

$0.00

3.00%

Debit card

$0.00

$0.00

3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are Community First Credit Union bank accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About Community First Credit Union