Youth Allowance and bank savings

[briggsy's girl]

There are limits when you apply for payment. If you are on payments it is different. The 6k is for liquid assets (money you can live off) when you apply. Not sure on account balances. All interest earned is deemed an income so he would need to update his account balances as they increase so that income from interest can be updated. You will need to make a phone call and check

[diannescruffy]

Thank you hun.

Regards,
Dianne