AusStudent is a savings account for parents with children continuing their studies in Australia. Transferring funds to Australia are FREE of charge, as well as ATM withdrawals. With AusStudent, everything is easy and convenient.
AusStudent Benefits
| For Parents |
For Students |
| QUICK |
QUICK |
| Transfer processes to Commonwealth Bank of Australia (CBA) accounts take 2 business days at maximum |
Opening a Commonwealth Bank of Australia (CBA) Streamline Account through Commonwealth Bank in Indonesia can be done online via CommReferral |
| EASY |
EASY |
|
Flexibility to do banking transactions through all Commonwealth branches in Indonesia and through Internet Banking
Only with minimum TRB of Rp500 million (equivalent) which can be placed at any investment (mutual funds) accounts, insurance accounts or in any products offered at PTBC in Indonesia, you can have easy access to facilities that support your child’s education in Australia. |
ATM withdrawals or debit purchases at all EFTPOS CBA networks
Internet banking and phone banking at CBA.
Opportunity to obtain a CBA credit card (terms and conditions apply)
Open a Streamline Account with Student options immediately to enjoy all of these benefits |
| SAVE MONEY |
SAVE MONEY |
|
FREE transfer fees to CBA account if TRB per month is at min IDR500 million
Special AUD exchange rates for AusStudent account
No withdrawal fees using an Indonesian Commonwealth Bank ATM card in Australia |
FREE administration and transaction fees (through branches, ATMs, and the EFTPOS network for tertiary students) |
Requuired Documents
| For parents |
For students |
Documents needed to open an AusStudent account in Indonesia are:
- KTP(residents)
- Passport/KIMS/KITAS (non residents)
- Letter of acceptance/student visa/ID from an Australian institution
|
Documents needed to open a Streamline CBA account are:
- Passport
- Letter of acceptance/student visa/ID from an Australian institution
|
Fees & Charges*
| Description |
Market Link Current Account |
| Minimum Initial Deposit |
TRB IDR 500 million (including AusStudent Account with initial deposit AUD 100) |
| Minimum Balance | AUD 100
|
| Below minimum Balance Fee | AUD 8
|
| Monthly Administration Fee | FREE (stamp charges apply)
|
*Fees and charges are subject to change without prior notice.
By opening an AusStudent account in Indonesia, you will be assisted in opening your sons/daughters accounts at the Commonwealth Bank of Australia. Your son/daughter account is completely set up even before their arrive in Australia!
You can start sending funds to your sons/daughters account at CBA, so they don’t have to carry a lot of cash when departing to Australia.
AusStudent is the best solution in setting up your sons/daughters account in Australia. Everything is easy, safe and convenient.
International Customer Service
International Customer Service is a service facility from the Commonwealth Bank of Australia that assists customers who intend to study or stay permanently in Australia. International Customer Service provides services in multilingual, Indonesian included.
Our representatives will contact you as soon as they receive your banking information from Commonwealth Bank in Indonesia, in your preferred language.
International Customer Service contact details:
Phone: +612 9762 0920 (24 hours a day, 7 days a week)
Free Call/Toll Free:
From Australia: 1800 188 888
From Indonesia: 001 803 0612 128
Email: ics@cba.com.au
Website: www.commbank.com.au