Youth Simply Access Transaction Account
Establish good sending and saving habits plays an important role in creating a great foundation for your child's lifelong relationship with money and banking.
At a glance
- Base rate
- 0.01%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 0.01% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 57th highest of 61, level with 4 others |
Rates
The one rate Heritage publishes for this account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | $1+ | 0.01% | - | paid every 3 mo |
Fees
25 fees published, grouped by when they're charged.
When you make a transaction14
- Periodical Payment
To another Heritage account
No fee - Periodical Payment
To another financial institution - Set up by Heritage staff member
$3 - Automatic Sweep$2
- Heritage Bank Cheque$10
- Manual transfer to another financial institution
Charged per manual transfer to another financial institution including People's Choice branded accounts.
$4 - Manual transfer to another Heritage Account$2.50
- Non-Heritage counter withdrawals$2.50
- Overseas ATM or counter withdrawals (Visa)$5
- Overseas Currency Conversion Fee
Applicable on Visa purchases or withdrawals made in any currency that is not Australian Dollars (AUD)
3.00% of transaction - RTGS payment/transfer to your account$10
- Telegraphic transfer within Australia$30
- Telegraphic transfer
performed via Heritage Online or the Mobile Banking App
$15 - Telegraphic transfer
transfer to a country in accepted currency (for example, USD to the United States)
$30 - Telegraphic transfer
Sent in AUD to a country with different currency
$50
When particular things happen10
- Card replacement - Emergency replacement card overseas$200
- Card replacement - express Delivery in Australia$25
- Card replacement - Standard$10
- Direct Debit Dishonour$10
- Document/Record search fee$12
- Inactive Account Administration Fee$20
- Overdraft Reference Fee$10
- SMS Services$0.25
- Statements
For the second and subsequent statement issued during a month, or when a statement is issued on your account at your request at any time before the next statement issuing due date
$1 - Transaction listing
When a transaction listing between two given dates is issued on your account
$5
Other fees1
- Paper Based Statement Fee
Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.
$3
Features
- Bank@Post facility available. Minimum deposit of $20, maximum deposit of $8,000, minimum withdrawal of $20, maximum withdrawal of $2,000.
- Electronic or Physical statements provided
- Scheduled, periodic payments available
- Direct debit facility available
- Support for BPAY available
- Sweep facility available
- Visa emergency services available
- SMS Services
- $0 monthly account keeping fee
- Backed by the Government Deposit Guarantee for deposits up to $250,000
Eligibility and limits
- Minimum balance $1
- Opening balance $1
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 16 Sept 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.