Family together.

Need to apply for Money Smart?

Give your child their own spending and savings accounts. Money Smart is designed to help kids build money confidence and achieve their financial independence, all under your supervision.

How to apply
 

Welcome to Money Smart

In this short video we'll cover the basics to getting your children's new Money Smart account set up (1 min 42 secs).

  • Registering for online banking.
  • Setting up mobile banking.
  • Spending and saving.

Get set up online

1. Set up online banking

Register for online banking so that your child can manage their money whenever they like.

Register for online banking

2. Download our mobile banking app*

Next, download our app so they can manage their money on the go. Stay up to date with account activity by turning on notifications.

Download our app

3. Pay money into your accounts

It’s time to start putting money into their Smart Spending account to pay for things.

Or they can put money into their Smart Savings account, if they’re saving for something special.



*For children under the age of 13, a parent or legal guardian will need to use ‘Family Sharing’ for Apple devices, or ‘Family Link’ for Android devices, to approve the app download.

Prove who you are

Your child will need to confirm their identity by uploading their ID. It’s simple to do on our mobile banking app.

If they don’t do this before they turn 18, we’ll close their Money Smart accounts.


How to add your child's ID

Tips and tools for Money Smart customers

Family finances

Talk about money with your child and help them create good money habits while they’re young. This is an important life skill to have and develop as they grow.

Understanding finances

Protect yourself from fraud

We can help you and your family spot and avoid scams. Remember, if you think you’ve been scammed, contact us straight away.

Visit our fraud hub

Four ways to help your child save with Money Smart

1. Personalise their savings account

Your child can rename their Smart Savings account after their savings goal to help them stay motivated. For example, 'New phone’ or ‘Running trainers’.

2. Use the savings calculators

Get them to think about what they want to buy, when they want to buy it, and how much they need to save. Savings calculators are a great tool to help with this.

3. Move spare money into savings

Think about setting up a standing order to move your child’s spare spending money into their savings account each month.

4. Check their spending

Use the spending insights feature to review where your child’s money goes each month. Look at the breakdown to understand where they might be able to spend less.

1. Personalise their savings account

Your child can rename their Smart Savings account after their savings goal to help them stay motivated. For example, 'New phone’ or ‘Running trainers’.

2. Use the savings calculators

Get them to think about what they want to buy, when they want to buy it, and how much they need to save. Savings calculators are a great tool to help with this.

3. Move spare money into savings

Think about setting up a standing order to move your child’s spare spending money into their savings account each month.

4. Check their spending

Use the spending insights feature to review where your child’s money goes each month. Look at the breakdown to understand where they might be able to spend less.

Stay safe using your card


Play these videos to discover everything your child needs to know about using their debit card and PIN, and how to keep their money and accounts safe from fraud.
 

How to use your card

🕑 1 min 58 secs
 

Make the most of your Money Smart debit card.

How to keep your money safe

🕑 2 min 25 secs
 

Keep your money and your accounts safe.

Let’s take a closer look

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