It is important to select the bank and account that best suits your needs, because each bank has different account options, fees and charges. Most banks have ‘fee-free’ students accounts. Check out all banks and credit unions for your best option.
Automatic teller machines (ATMs) are usually the most convenient and cheapest way of getting money out of the bank. However, try to avoid using an ATM that does not belong to your bank, as a transaction will usually cost you between $1.50 and $2.00.
Withdrawing money ‘over the counter’ (inside the bank) can also cost up to $3.00.
Most banks offer internet banking. Discuss this option with your bank.
Safety
Your account or credit card is just like cash, and should be kept just as securely as should your account PIN and password.
Do not write down or tell anyone your PIN or password.
Stolen card
If your card is lost or stolen, you must ring your financial institute immediately or you may be charged for any money withdrawn from your account.
Most card issuers have a 24 hour 7 day a week emergency contact number in the case of a lost or stolen card - you can find this number in the phone book.
Email scams
Don't open any suspicious emails - some of the emails you don't recognise may contain viruses or email scams.
The bank will never ask for your net banking password in an email - so never follow a link in an email asking you to enter your password, it is a scam!
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