Kit – pocket money app

Kit is a brand of CBA New Digital Businesses Pty Ltd ABN 38 633 072 830 trading as HEY KIT. CBA New Digital Businesses Pty Ltd is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (CBA). CBA New Digital Businesses Pty Ltd is not an Authorised Deposit-taking Institution for the purposes of the Banking Act 1959 and its obligations do not represent deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries, and therefore you may be exposed to investment risk including possible delays in repayment and loss of income and principal invested, as relevant. CBA New Digital Businesses Pty Ltd has been appointed as authorised representative (001296799) of Hay Limited (ABN 34 629 037 403 AFSL 515459), who is the issuer of the Kit Account and associated Kit Cards. View the CBA New Digital Businesses Pty Ltd Financial Services Guide (PDF). Any advice provided is general only and does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. Please consider the Product Disclosure Statement (PDF), before making any decision about the products. Fees and charges may apply. View the Target Market Determination (PDF). Please visit Important Legal Information to access detailed terms and conditions about our app and the services, our Privacy Policy (PDF) and other important legal documents.

CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.

Any advice provided is general only and does not take into account your objectives, financial situation or needs. Please consider the T&Cs, available here, and whether a Youthsaver account is appropriate for you.

The target market for CommBank Youthsaver will be found within the product’s Target Market Determination, available here.

Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.

Subject to eligibility criteria. 4.75% p.a. total variable rate when you make at least one deposit of any amount into your account and grow your balance (excluding interest and transactions initiated by the Bank) each calendar month on balances up to and including $50,000. The total variable rate includes 2.40% p.a. standard variable rate and 2.35% p.a. bonus variable rate when the above eligibility criteria is met. For the portion of the balance over $50,000 and/or if the bonus criteria isn't met, only the standard variable rate will apply. Interest is calculated daily and paid monthly. Rates effective 28 February 2025 but subject to change.

The Bank is authorised under the taxation laws to collect a Tax File Number (TFN), an Australian Business Number (ABN) or an exemption code.  It is not an offence if you don’t provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account. 

Apple, the Apple logo and Apple Pay are trademarks of Apple Inc. App Store is a service mark of Apple Inc. Apple Pay Terms of Use apply. Google Pay Terms of Use apply. Google Pay and Google Wallet are trademarks of Google LLC.

^ To claim this offer, you must (a) be a new eligible customer that downloads on your device the Kit application available on the official Apple or Google Play app stores (Kit App), (b) successfully create a Kit account for the Kit product (Kit Account), and (c) create at least one child profile, and (d) meet the eligibility criteria for the Kit Account^^ on or before 30 April 2025. Successful claimants will have  $20 credited into the first 2 Kit child profiles linked per household to your Kit Account after your free trial period ends (as referenced in the detailed Kit product terms and conditions). A maximum of $40 will be credited per new Kit membership.  No further claiming is required. For all enquiries, contact us at support@heykit.com.au.   

^{^^} Eligibility and Terms & Conditions 

Promotion commences 12.01AM AEST, 18 March 2025 and ends on 11.59pm AEST, 30 April 2025. To be eligible for this promotion, you must satisfy the following conditions, 

• You are aged 18 or above and are an Australian resident;  
• You have successfully created a new Kit Account through the Kit App, including linking a parent/guardian bank account, and creating at least one child profile before the 30 April 2025; 
• You are a new Kit customer who has not previously held a Kit Account. (This promotion is only available to new Kit customers and cannot be applied to an existing Kit Account);     
• You have reviewed and agreed to comply with any of our eligibility criteria and terms and conditions that are made available to you during the Kit app download process and Kit Account opening process. These terms and conditions: (a) set out details on the Kit Membership Fees amongst other important information; and (b) include the Kit Product Terms and Conditions, Product Disclosure Statement and other terms and conditions set out here www.heykit.com.au/legal;   and 
• No other person in your household has opened a new Kit Account presented through this promotion.
   

* CommBank Yello is a customer recognition program offered by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. Eligibility conditions apply – see the CommBank Yello page for full terms and conditions.