As a young adult or tertiary student, you will pay no monthly fees when you sign up for BankSA’s Complete Freedom account, providing you access to the BankSA Complete Freedom Student Debit Card, alongside some pretty handy features. Apply online by 24th January 2022, and you can also get your hands on $40 cashback to spend as you like, after making a $500 deposit in the first 30 days and 5 eligible debit card purchases.

What’s great?

Why should you open a Complete Freedom account with BankSA as a young adult or student? No monthly fees is one reason, but here are the other reasons why this account and its accompanying BankSA Complete Freedom Student Debit Card may appeal.

Cashback Offer

If you open a new Complete Freedom account with BankSA by 24th January 2022 and within 30 days of account opening deposit $500 and make 5 eligible debit card purchases, you will benefit from $40 cashback into your account to spend exactly as you like. To be eligible, you must not hold or have held a BankSA, St.George Bank or Bank of Melbourne transaction account, or have received this offer in the past.

No Account Fees

Want to save money month to month? With this account, you can. As long as you are under 21 or a full time student or apprentice, you will pay no monthly fees to access this account and its Visa Debit card, saving you $5 per month. While this may not sound like much, it will save you from shelling out $60 each year, which could obviously be much better spent elsewhere.

Global Access

As a Visa Debit card, the BankSA Complete Freedom Student Debit Card allows you global access to your cash, wherever Visa is accepted. This means you can shop online or in person using your own money, while accessing ATMs around the world. You will pay no ATM withdrawal fees at major banks within Australia, and no fees when using ATMs within the Global Alliance network overseas.

Account Management

When dealing with money matters, you need to know where you stand – in real time. Using the BankSA Complete Freedom Student Debit Card, you can. The BankSA mobile banking app not only allows you to track transactions and transfer funds, it also lets you lock your card instantly should you misplace it, while still accessing your money via Cardless Cash.

On top of that, you can set up alerts to let you know when you’ve been paid or if your balance is low, you can monitor your budget using Spend Tracker, and you can pay or get paid by anyone, anytime, securely and in real time using the Beem It app when you link your Visa Debit card.

Apple Pay Compatibility

Love using your digital wallet? Thanks to its compatibility with Apple Pay, the BankSA Complete Freedom Student Debit Card allows you to sync your card to your digital wallet, to then shop online and tap to pay in person using your device.

Security

When using a debit card day-to-day, you are accessing your money, no one else’s. So, it only makes sense that you want to keep that money safe, no matter where you shop. Fortunately, with this account, you can benefit from BankSA’s fraud money back guarantee, providing you a full refund of any money taken from your account if you’re a victim of fraud.

What’s worth considering?

If you’re under 21 or a student or apprentice, you can essentially access this account and its accompanying debit card for free, paying no monthly fees. However, you should be aware of any fees that may apply, as this should allow you to avoid them. Fees are charged on dishonours and if the account is overdrawn, so be sure to manage your account to avoid this happening.

It’s also worth bearing in mind that while ATM withdrawals at major Australian banks and overseas providers within the Global Alliance network are free, outwith those providers, there is a charge for each withdrawal. You will also pay a 3% foreign currency conversion fee on transactions made in a foreign currency both here and overseas.

Why should you choose it?

One of the most appealing aspects of the BankSA Complete Freedom account and its Visa Debit card is the fact that there are no monthly fees for accountholders who are under 21, or for those who are a student or apprentice. By choosing this account and debit card, you can save money each month, while accessing useful features – and a $40 cashback offer.