A package designed specifically for full-time students offering a variety of benefits and transaction fee-free banking.
Full-time university, TAFE, CAE, VCE students or those registered in a traineeship, apprenticeship or other registered course, can bank with fee-free transactions as part of our Student Banking Package, which contains a range of exclusive offers just for students.
Benefits and Features:
- No transaction fees and no monthly account fees.
- 0% p.a. for 6 months on our Visa Classic Credit Card.1
- Up to 100% finance for car purchase.2,3
- No establishment fee on our Personal Loans.
- No establishment fee on our Student Loans (with the option to defer repayments for up to 3 years).4
- Up to 10% discount on Home and/or Contents Insurance.3,5
- Up to 7.5% discount on Health Insurance with Australian Unity.3
- Free Financial Planning consultation.
For full details of the Student Banking package, refer to our 
Student Banking brochure.
1. Subject to assessment criteria and loan suitability assessment. 2. Available to eligible applicants. 3. Conditions apply. 4. Repayments can be deferred until completion or termination of studies (up to 3 years), with interest accruing from the date the loan is disbursed. Guarantor may be required. 5. Minimum premiums may apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements.
CGU Insurance Limited ABN 27 004 478 371, AFSL 238 291, Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850, AFSL 234 708, Australian Unity Health Limited ABN 13 078 722 568 and Doug Kerr Insurance Consultants P/L trading as Brokers National AFSL 246 366, ABN 67 078 679 071 are the insurance providers. In arranging this insurance, Victoria Teachers Limited ABN 44 087651 769, AFSL/Australian Credit Licence Number 240 960, acts under an agreement with the insurers, not as your agent. A Product Disclosure Statement (PDS) should be considered before acquiring a product and can be requested by calling our Insurance Services on 1300 654 166. We receive commission on these insurance products as a percentage of the premium price for each policy ranging from 5-35%.
Rates & Fees
An Everyday Account is opened automatically for Student Banking Package holders.
Full-time university, TAFE, CAE, VCE students or those registered in a traineeship, apprenticeship or other registered course, can bank with fee-free transactions as part of our Student Banking Package.
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Everyday Account Interest Rate
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$0-$14,999
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0.05% p.a.
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$15,000-$29,999
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0.10% p.a.
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$30,000 and over
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0.25% p.a.
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Please refer to Terms and Conditions: Part B for details on transaction fees
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Terms and Conditions
Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates
Financial Services Guide
- Interest Rates effective 17 May 2013.
How to Apply
If you're already a customer, call us on 1300 654 822 to find out how to access our Student Banking products and services.
If you are not already enjoying the benefits of banking with a customer owned organisation, become a new customer today.
Alternatively, you can:
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Join over the phone
By calling our friendly Service Consultants on 1300 654 822 between 8:00am and 7:00pm Monday to Thursday and Friday 8:00am and 6:00pm.
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Complete the New Customer Pack and return it to the Mutual Bank by mail, fax or take it to one of our Service Centres.
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Visit a Service Centre
Complete an application in person at our Hawthorn East or Moonee Ponds Service Centres.
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