Horizon Bank
TEEN ACCOUNT
A flexible everyday account for teenagers aged 13-17 years that s easily managed with no transaction fees.
Savings & transaction accountsBank updated 1 July 2026
At a glance
- Base rate
- 4.00%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 14.95% | — | — |
| Variable | — | — | — | 4.00% | — | paid every 1 mo |
§ 02 — Fees · 9
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| BULK_COIN_COUNTAGE | Deposit | 2.00% of transaction | — | Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community |
| DIRECT_DEBIT_DISHONOUR | Event | $9 | — | — |
| OVERDRAWN_SAVINGS_ACCOUNT | Event | $20 | — | per occurence |
| STATEMENT_COPY | Event | $2.50 | — | — |
| VISA_CARD_REPLACEMENT | Event | $9 | — | Australia only |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11 | — | — |
| VISA_CARD_INTERNATIONAL_TRANSACTION_FEE | Transaction | 3.00% of transaction | — | — |
| FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD | Withdrawal | $3 | — | — |
| TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY | Withdrawal | 0.25% of transaction | — | A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApple Pay, Samsung Pay and Google Pay
§ 04 — Eligibility & limits
- · Minimum age 13
- · Maximum age 18
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Horizon Bank under the Consumer Data Right, last changed by them on 1 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.