Commonwealth Bank Everyday Student Banking
$0 fee account, exclusive $50 cashback for new users, easy online application, fast digital access, and shopping perks with leading Aussie brands.
The CommBank Everyday Student Banking offer is designed for under-30s and students wanting to avoid monthly account fees. This promotion features a $0 account fee, eligibility for up to $50 cashback at popular merchants, and seamless banking through the leading CommBank app. The current offer is available to new users who open their first Everyday Smart Access account, are 18 years or over, and haven’t previously held similar CommBank debit or credit products. The offer is single-account only, and cashback reward is triggered by spending $10 at each of five select retailers, with a $10 reward per merchant. Credit limits and interest rates don’t apply to this debit product, but instant access to funds via a Debit Mastercard and digital wallet solutions is a highlight.
How to Apply for the CommBank Everyday Student Account
- Go to the CommBank student banking application page
- Submit your personal details and verify your identity
- Activate your account through the digital onboarding process
- Download the CommBank app and access the digital Debit Mastercard
- Spend at eligible merchants to unlock your cashback
Pros of the CommBank Everyday Student Banking Offer
One of the standout advantages is the $0 monthly account fee for users under 30, making everyday banking affordable and straightforward. In addition, the up to $50 cashback incentive is an appealing way to reduce costs at leading Australian retailers like JB Hi-Fi, Chemist Warehouse, and Uber. The powerful CommBank app also provides smart budgeting and spending tools, plus digital card access even before your physical card arrives.
Cons of the CommBank Everyday Student Banking Offer
This offer is only available to new customers who have not previously held eligible debit or credit Mastercard products with CommBank since December 2019. Joint and offset accounts are excluded. Cashback is limited to $10 per retailer and to five listed merchants, which might be less flexible for some.
Nuestro veredicto
If you’re a student or young adult looking for a simple, fee-free account and want a quick start with digital banking perks, this CommBank offer is an excellent choice. The cashback adds real everyday value, and the app-based features make money management easier than ever.
