When you link a new or existing Youthsaver with Kit, you agree to CommBank sharing these details with Kit:
- BSB and account number
- Name
- Balance
- Transaction history.
This is so your kids can see the Youthsaver in Kit with it’s up to date balance and history, and transfer directly to it with your permission as the Boss.
The data share will last for 12 months or until you choose to stop sharing. Kit does not store this information at any point. Your permission allows Kit to ask CommBank for it, but it is not held with Kit.
Stopping data sharing with Kit
To stop sharing Youthsaver account data with Kit, remove the Youthsaver account from Kit.
You can also stop data sharing from NetBank by going to ‘Settings’ and tapping ‘Manage data sharing’. Doing so will automatically remove the Youthsaver account from Kit.
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.