Keep more of your student payment with Income Bank

Published: 20 January 2025

Income bank helps you keep more of your Youth Allowance, Austudy or ABSTUDY payments.

You build Income Bank credits when you earn less than $528 a fortnight.

If you earn more than $528 in a fortnight, we’ll automatically reduce your Income Bank credits before we reduce your payment.

You don’t need to do anything to use Income Bank. You can view it in your Centrelink online account and will change as you report your income.

Check how the Income bank can help you.

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Page last updated: 20 January 2025.
QC 80329