Accounts tailored for students and young people
Start your journey toward financial independence with everyday banking built specifically for your stage of life. Whether you are learning to save your pocket money, starting a part-time job, or navigating tertiary studies, we provide fee-free, accessible options to help you manage your money with confidence.
- Youth Access Account (Up to 16 Years): Our award-winning youth bank account is designed to help younger savers build strong money habits. It offers a full digital and card-based transaction system, zero account service fees, and no minimum monthly balance requirements.
- Student Access Account (17-25 Years): Engineered as a flexible student transaction account, this option supports young adults undergoing University studies, traineeships, or apprenticeships. Enjoy full branch access, convenience, and complete digital integration with absolute flexibility.
Key Product Features & Access
Everyday Banking with Local Support
Managing an everyday bank account for students should be effortless. We combine modern mobile convenience with genuine, friendly service from locals who understand your community.
Digital Wallet Integration
Pay your way instantly by linking your card to Apple Pay or Google Pay on your smartphone or smartwatch.
Learn MoreNo Monthly Maintenance Fees
Keep more of what you earn with a $0 account service fee on your primary account and no minimum deposit limits.
Visa Debit Convenience
Available for account holders aged 12 years and older, allowing secure purchases in-store, online, or anywhere Visa is accepted worldwide.
Locals Helping Locals
We are Central Queensland’s proud customer-owned bank. Chat face-to-face with a real person at your local Capricornian branch or manage your cash on the go using our highly rated mobile app.
- Account service fee exempt for eligible customers 1
- No minimum monthly balance
- 24/7 online access
- Online banking and mobile app
- Visa Debit card to access your account (from 12 years) 2
- ATM/eftpos available (from 12 years old)
Transparent Transaction Fee Summary
Enjoy fee-free transactions on your daily purchases, with minor fees applying only to physical transactions, physical cash advances and international transfers.
| Transaction Type | Fee |
|---|---|
| Visa Debit (where credit option is selected on purchases) | $0 |
| eftpos transactions (including declined) | $0.70 |
| payWave | $0 |
| Digital Wallet (Apple Pay and Google Pay) | $0 |
| Capricornian ATM withdrawals, balances and declined | $0 |
| Visa Debit cash advance 3 | $0.70 |
| Direct credits | $0 |
| Direct debits | $0 |
| Cash deposits | $0 |
| Cheque deposits | $0 |
| Cash withdrawals (in branch) | $0 |
| Internal funds transfer | $0 |
| External funds transfer | $0 |
| BPAY | $0 |
| Account service fee 1 | Exempt for eligible customers |
| International Transfer Fee (over the counter) | $30 |
| International Transfer Fee (via Internet Banking) | $20 |
| Direct Debit Dishonour | $15 |
| Transaction Type | Fee |
|---|---|
| Visa Debit (where credit option is selected on purchases) | $0 |
| eftpos transactions (including declined) | $0.70 |
| payWave | $0 |
| Digital Wallet (Apple Pay and Google Pay) | $0 |
| Capricornian ATM withdrawals, balances and declined | $0 |
| Visa Debit cash advance 3 | $0.70 |
| Direct credits | $0 |
| Direct debits | $0 |
| Cash deposits | $0 |
| Cheque deposits | $0 |
| Cash withdrawals (in branch) | $0 |
| Cheque withdrawals/encashment | $0 |
| Internal funds transfer | $0 |
| External funds transfer | $0 |
| BPAY | $0 |
| Account service fee 4 | Exempt for eligible customers |
| International Transfer Fee (over the counter) | $30 |
| International Transfer Fee (via Internet Banking) | $20 |
| Direct Debit Dishonour | $15 |
Other fees and charges may apply. For more detailed information please see Conditions of Use.
Competitive Interest Rates
Make your savings work harder. Our tiered interest rates reward young savers for building up their balances.
| Account | Account Balance | Interest Rate |
|---|---|---|
| Youth Access Account (up to 16 years) | Under $5,000 | 2.00% p.a |
| Youth Access Account (up to 16 years) | Over $5,000 | 1.50% p.a |
| Student Access Account (17-25 years) | Any balance | 0.00% p.a |
Rates effective from 02/02/2026.
Account holders aged 12 years and older are eligible to receive a Visa Debit card linked directly to their youth or student transaction account. This allows for secure, independent everyday spending online, in-store, and via digital wallets while maintaining a parent-approved zero-overdraft safety net.
No. Both our Youth Access Account and Student Access Account feature a $0 monthly account service fee on your primary account. There are also no minimum monthly deposit requirements, allowing you to keep and save every dollar you earn.
The Student Access Account is designed specifically for young adults aged 17 to 25 years who are currently studying at university, or undergoing an active traineeship or apprenticeship. This ensures young adults undergoing career training enjoy flexible, low-cost banking options as they transition into full-time employment.
Eligibility criteria, terms and conditions, fees and charges apply. Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Capricornian account, please read the Conditions of Use and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Capricornian Branch.
1 Account service fee exempt on first account, $6.00 per month subsequent accounts.
2 Quarterly card fee exemptions apply to Capricornian Customers aged 25 years and younger. Replacement card fee may apply.
3 Where credit option is selected for cash, or cash and purchase transactions.
To close your account, please visit us in branch or call our Contact Centre on 1300 314 900. Please see Conditions of Use for further information.
Individuals under the age of 16 years are allowed to operate an account provided:
- the child is mature enough and able to provide a consistent and satisfactory signature, and
- the account is not allowed to go into overdraft.
For accounts opened for a child under 12 years of age, a parent or guardian may be authorised to operate (ATO) on the account. Visa Debit Card available only to the account holder on reaching the age of 12 years. The Youth Access Account can be linked to parent’s or guardian’s online banking.
Until full access to the account is given to the child, The Capricornian Ltd will only accept and act on the instructions of the adult authorised to operate.
Once the child turns 12, a new notice of authority may be completed by the adult to record the specimen signature of the child and update the adult’s new mandate to the child.
When the child turns 16, they may request full access to the account without the parent/guardian’s consent.
