If you’re a student on the hunt for a bank account that can keep up with your spending needs, then look no further than the WAW Credit Union Youth Transact Account. This bank account is loaded with flexibility, from the 0% foreign exchange margin to the multiple payment options. Best of all, this bank account took out a 2020 Mozo Experts Choice Award for best Student Bank Account.
Whether you’re planning on taking a gap year or staying put in Australia, the WAW Credit Union Youth Transact Account has your back. There’s no account or ATM fees and you’ll be able to open an account without having to make an initial deposit!
But what makes the bank account really special for students is the 0% foreign exchange margin. So if you choose to take your debit card overseas or just do some online shopping, you won’t be stung with any foreign exchange fees. However, there is a $3 overseas ATM withdrawal fee to keep in mind.
Apple Pay, Google Pay and Samsung Pay are also available with this account, which means you’ll be able tap and go with just your phone.
The WAW Credit Union Youth Transact could be a great choice for Aussie students looking for a bank account that’s low on costs, but big on flexibility.
While there are no foreign exchange fees with this account, just keep in mind that if you do take this card overseas and need to withdraw cash, you will be charged a $3 ATM fee each time, as well as any additional fee from the ATM provider.
Balances from $0: 0.01% p.a.
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n/a
$0.00
n/a
Free EFTPOS, rediATM, BPay, Direct Debit and in branch transactions.
$0.00
rediATM
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
n/a
$3.00
0%
$0.00 monthly
$0.00
$0.00
$1,000.00
yes
no
yes
yes
no
yes
none
none
none
$3.00
$0.00
0%
$3.00
$0.00
0%
Apple Pay, Google Pay, Samsung Pay
WAW credit union provides a range of financial products and services to members in the North East Victoria and Southern NSW areas. Since 1956 WAW has been providing financial products such as home loans, personal loans, savings and investment accounts, insurance and financial planning products to its customers. In addition to these financial products WAW also offers credit and debit cards to customers, whilst providing a range of products for its business banking customers.
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