Teaching your kids about money

Understanding how money works is an essential skill in life. By getting your kids involved in their earning, spending and saving, you can help them develop positive habits around money and set them up for success. 

It’s also important to teach them how to be safe online, with most transactions being digital. Make the most of options available, like Spriggy, to teach kids the basics while you still have complete control.

Bank accounts to get your kids started

Not sure where to start when opening an account for your child? These products may suit their needs.

Transaction account with no fees

Get your kids started with a basic everyday account for spending.

  • No monthly fees.

  • No minimum deposits.

  • No ATM withdrawal fees.

  • Link to a NAB Debit card.

Your choice of two savings accounts

Help your kids meet their savings goals with our NAB Reward Saver or NAB iSaver.

NAB Reward Saver

  • Bonus interest with a monthly deposit no withdrawals.

NAB iSaver

  • No minimum deposits and flexibility to make withdrawals.

  • Linked NAB transaction account.

14 years old can set up an account online. Children 13 years and under can apply in a branch, but need be accompanied by an adult.  Learn how to open a bank account for a child.

Did you know
Birth certificates are now accepted as a form of ID

If your child is 18 or younger, they can use a birth certificate as a form of ID if another form of ID isn’t accepted. Learn more about how to open a bank account for your child.

Financial literacy

Our children’s guides can help you teach kids how to bank and save.

Banking safely online

Keep you and your family safe online with our helpful tips.

Get in touch

Customer Support Tool

Solve problems quickly online with our easy-to-follow guides. Simply select a topic and we’ll direct you to the information you need.

Contact us

Visit our personal banking contact page for FAQ’s and how-to-guides, help from our virtual assistant and contact numbers.

Visit a NAB branch

Visit us in person at your nearest NAB branch or business banking centre.

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