Pocket Money Account | Austrian Anadi Bank

Pocket Money Account

Pocket Money Account

With your very own youth account you will have a complete overview of your finances.

 

Are you between 10 - 13 years and want to do your own banking transactions? With the Pocket Money Account you can manage your money yourself, free of charge.

  • Financial freedom**
  • Flexible cash withdrawal and cashless payment card
  • Automatic conversion** to a free Youth Account from 14 years





*The pocket money account can be opened from 10 years of age. A declaration of consent has to be signed by the account holder’s legal representative. At least one parent has viewing power and access to internet banking for checking transactions.
**With the youth account / pocket money account, fees are charged by Clearingstelle Payment Services Austria GmbH for any cash dispenser withdrawals and POS transactions outside of the EU area.

 Product details  Pocket Money Account

Target group:

 Students from 10* – 13 years of age

Account management:

 Free of charge

Bank statement:

 Free of charge

Included services:

 

  • Internet Banking
  • Mobile Banking
  • Maestro debit card with contactless payment function (withdraw money and make cashless payments of up to EUR 50,- per week)
  • electronic transactions
  • limited internet transfers of EUR 50,- per each individual transaction
  • account statements via self service bank statement printer or Internet Banking
  • from 14 years you will be converted to a ** Youth Account free of charge
  • no overdraw of the account
  • interest on credit balances 0,10 % p.a. ***



*The pocket money account can be opened from 10 years of age. A declaration of consent has to be signed by the account holder’s legal representative. At least one parent has viewing power and access to internet banking for checking transactions.
**With the youth account / pocket money account, fees are charged by Clearingstelle Payment Services Austria GmbH for any cash dispenser withdrawals and POS transactions outside of the EU area.
***Interest is adjusted quarterly on the basis of the 3 month Euribor less a deduction and capital gains tax (CGT).

Become a customer

You want to become a customer of the Anadi Bank? We will handle the account switch as quickly and easily as possible in a competent way, free of charge and without the bureaucracy.


The current account is the basis for all of your financial cash flow. This includes cash withdrawals, deposits, transfers and much more. All this must be perfectly adapted to your personal needs, to operate seamlessly and ultimately save time. Switch your current account to the Anadi Bank today and reap the benefits from the get go. We will do all the paperwork for you and in absolutely no time at all you can enjoy the features of your new account.

Switching accounts includes the following services free of charge:

  • all communication with your existing bank
  • closing the account at the existing bank
  • selection of a tailor-made account to meet your personal needs
  • opening the new account, including e - banking access and card request
  • setting up standing orders
  • contacting insurance companies or telephone providers as well as salary or pension payments about your new current account*

    Become a customer now

 

What can you expect after opening your account at the Anadi Bank:

Flexibility and Mobility:
  • 24-hour-acces to your account with the Maestro debit card**, credit card** and internet banking as well as mobile banking
  • personal overdraft limit with overdraft insurance helps you remain solvent and flexible
  • world-wide cash-free payment options and cash withdrawal options
  • earn interest with payment for goods up to 5 weeks later with your credit card***
Personal Finance Coaching:

Regular communication with your account manager in order to best optimise your financial affairs.

Security:
  • reliable, scheduled events and automatic payment orders
  • internet banking with “mobileTAN” or "vaultTAN" on your mobile device
  • comprehensive travel insurance protection with your credit card***
  • life insurance with overdraft insurance for surviving dependents
  • online purchases with increased security standards with your credit card Verified by Visa and MasterCard Secure Code
Independence:
  • Regardless of which country you’re in around the world – you always have the right means of payment with your Maestro debit card and your credit card** and you’ll always be independent of currency while traveling. Please note, that magnet strip-based transactions with activated GeoControl status are rejected outside of Europe.
  • all information about GeoControl and deactivation options can be found here => GeoControl
  • not dependent on bank opening hours thanks to internet and mobile banking
  • minimal waiting times in branches due to modern self service devices
Transparency:
  • ongoing information transparency on bank statements and transaction lists in internet banking – „personal bookkeeping “
  • clearly manageable credit card bills
Savings opportunities:
  • time and money savings due to electronic processing of your payments
  • interest advantage, since purchases made with your credit card are debited up to 5 weeks later
  • with great additional offers from your credit Card*** in the fields of lifestyle, travel and culture
  • money savings due to regular future dialogs with your account manager
  • shortened processing deadlines due to the Payment Services Act


* Direct debits: Direct debit data cannot be passed on by your present bank. Please let us know the names of payees with whom you have direct debit agreements, preferably on the basis of your account statements.
** A Maestro debit card with contactless payment function and standard availability limits (up to EUR 400 cash withdrawal per day and up to EUR 1,100 POS payment limit per week) is included. For cards with higher availability limits a surcharge applies as stated on the current Austrian Anadi Bank AG list which is on display at branches.
*** Dependent on your credit rating.

Where can I withdraw money with the Maestro debit card ?

With your Maestro debit card you can make cashless payments and withdraw cash worldwide. Within the EU area you will pay no fees. Fees apply for ATM withdrawals and POS-transactions outside the EU area.

How safe is the Maestro debit card?

The Maestro debit card is protected by:

  • Personal PIN code
  • New chip technology
  • Limited cash withdrawals and card payments
  • Additional security for your Maestro debit card with GeoControl
How much can I withdraw?

My weekly limit on cash withdrawals and cashless payments is EUR 50,- per week.

What is the contactless payment function on the Maestro debit card ?

It is also known as Near Field Communication (NFC). You can make payments up to the amount of EUR 25,- without a PIN code entry or signature on all transactions points that are marked with the NFC icon and / or the PayPass logo . Paying quickly and securely has never been so easy.

At Austrian Anadi Bank we are always ready to help you.
Whether you need account assistance, product information or answers to online banking we are happy to help. Please feel free to contact us by email, telephone or get in touch with one of our branches directly.