Get them to apply for UBank account. 16+ yo age requirement.
[URL unfurl="true"]https://www.ubank.com.au/banking/transaction-account[/URL]
Comes with physical card VISA/Debit card as well as virtual (Apply pay etc).
0% international transaction fee and no bank imposed ATM fee.
Get them to open the linked “Saver” account to park cash (5.1% pa but cash on call). A good entry point for kids to appreciate interest earning potential.
