WAW Credit Union logo

WAW Credit Union Youth Transact

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, Samsung Pay
Interest rate
0.01% p.a.

Mozo editorial review WAW Credit Union Youth Transact

Last updated: 11 December 2020.

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What's hot
  • 2020 Mozo Experts Choice Award winner
  • Multiple digital payment options
  • No monthly account fee
What's not
  • Overseas ATM fees and foreign exchange margin apply
Mozo snapshot

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. The account is loaded with flexibility, including multiple digital payment options plus there are no monthly fees. Best of all, it was named a 2020 Mozo Experts Choice Award winner in the best Student Bank Account category.

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Key features

The Youth Transact account from WAW Credit Union is available to Australians aged 13 to 25, so it could be a good student bank account option for those in school or university, or other young Australians starting their financial journey. 

Like most bank accounts the Youth Transact account doesn’t come with a monthly fee, though there are some costs that anyone travelling abroad will want to be aware of including the $3 overseas ATM withdrawal fee and the 2.75% foreign exchange commission. 

Speaking of ATMs, withdrawals in Australia can be made for free using either the rediATM network or an ATM from one of the big four banks (ANZ, Commonwealth Bank, NAB or Westpac). 

Account holders will be issued their own Visa Debit Card which can be used for purchases made in-person and online. The card can also be linked to an Apple Pay, Google Pay or Samsung Pay account, which means users can pay using their phones.

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Who is it good for

The lack of a monthly account fee and the digital payment options available mean that the WAW Credit Union Youth Transact Account could be a flexible account option for younger Aussies aged 13-25. 

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Any catches

Just remember that if you do need to take the card with you on a trip overseas, the $3 overseas ATM fee and 2.75% foreign exchange margin may come into play. 

Details

Rates and fees information correct as at 16 January 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: 0.01% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from own-bank ATM, EFTPOS, counter deposits, counter withdrawals and internet

  • $0.00

  • rediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • n/a

  • $3.00

  • 2.75%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • yes

  • none

  • none

  • none

Atm card
  • $3.00

  • $0.00

  • 2.75%

Debit card
  • $3.00

  • $0.00

  • 2.75%

Payment options

Apple Pay, Google Pay, Samsung Pay

Customer Reviews

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

Overall
9.7/10
Price
8.9/10
Features
8.8/10
Customer service
9.7/10
Convenience
8.6/10
Trust
9.7/10
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About WAW Credit Union

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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