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StarBlazer

961 posts

Ultimate Geek
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#180870 24-Sep-2015 13:39
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Hi all

I'm looking to open bank accounts for my 12 and 15 year olds.  Just wondering what experience you have with the different offerings.

I hold Westpac accounts and I like the idea of me being a signatory on the account so that I can still manage/help manage the account online.

They will want EFTPOS - although I may hold onto the card for my 12 year old.  Do not want the VISA Debit variety for them at this stage.

No fees obviously.

I'm happy with Westpac and think it would be good for speed of transfer if their accounts were also Westpac.  I'm also familiar with the online banking suite.

I've been into ANZ today and was told that I can't manage their accounts (officially) so they are unlikely to get my business, BNZ and Westpac I can.

Any thoughts?




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BlueShift
1692 posts

Uber Geek
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  #1393601 24-Sep-2015 14:16
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I'm with Westpac, and my boys 15 & 13 have accounts with them with me as a signatory. This means they gets accounts with their names on, and their own eftpos cards, but I have their accounts accessible on my internet banking, so its easy to get money to them, and keep a parental eye on the sort of crap they are blowing their pocket money on.
Its working well so far, they've had the accounts for about a year now.

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