Are you starting your first job soon? Apart from the earlier mornings and expanded social circle, one of the biggest changes you’ll notice is that payday comes every week, fortnight or month.
You might have more money than ever before, so it’s vital that you can receive payment into an everyday bank account, access your money once you have it and have somewhere to save it. Here are three financial essentials to get sorted before your first day.
1. Open a bank account
Without a bank account you can’t get paid, so this is the first and most important thing to organise. The BOQ Day2Day Plus Account is an excellent low-fee option, freeing you to live the way you want.
Parental consent isn’t required to open the account and it comes with a variety of great features, including:
- Unlimited transactions including: withdrawals, balance enquiries and fund transfers.
- No minimum monthly deposit or balance.
- Online and in-branch account access.
- No account-keeping fees.
This is the ideal everyday bank account to get you started in the working world.
2. Get a debit card
If you are 14 years or older, you can also receive a Visa Debit card with your Day2Day Plus Account. This will allow you to access the money you earn in stores, or via online shopping. These cards are extremely versatile, allowing you to use payWave for transactions under $100, complete secure online transactions and access over 2.2 million ATMs globally.
Visa has an excellent zero-liability policy, meaning that when you won’t be held responsible for any fraudulent or unauthorised charges on your card. That way you can feel safe and secure when spending your well-earned money.
3. Start planning your savings
There’s more to your first job than just earning and spending. It’s just as important to start saving for the future, whether it’s to buy a car, your first home or even for an early retirement. BOQ has a wide range of savings accounts perfect for budding earners who are new to the workforce.