The Finance Algorithm
Horizon Bank logoHorizon 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 12 Oct 2026
Apply at Horizon Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
4.25%

Rates

Every rate Horizon Bank publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Variable---14.95%--
Variable---4.25%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
13 Oct 2026Variable4.00%4.25%up 0.25

Each change is logged the night it appears in the rates Horizon Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

9 fees published, grouped by when they're charged.

When you make a transaction5

  • BULK_COIN_COUNTAGE

    Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community

    2.00% of transaction
  • FOREIGN_CHEQUE_DEPOSIT
    $11
  • VISA_CARD_INTERNATIONAL_TRANSACTION_FEE
    3.00% of transaction
  • FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD
    $3
  • TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY

    A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day.

    0.25% of transaction

When particular things happen4

  • DIRECT_DEBIT_DISHONOUR
    $9
  • OVERDRAWN_SAVINGS_ACCOUNT

    per occurence

    $20
  • STATEMENT_COPY
    $2.50
  • VISA_CARD_REPLACEMENT

    Australia only

    $9

Features

Instant paymentsPayIDDigital bankingUnlimited transactionsApple Pay, Samsung Pay and Google Pay

Eligibility and limits

  • Minimum age 13
  • Maximum age 18
  • Available to individuals

Published by Horizon Bank under the Consumer Data Right, last changed by them on 12 Oct 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.