Westpac Choice

$5.00

Google Pay, PayID, Samsung Pay

0% p.a.

Westpac Choice

$5.00

Google Pay, PayID, Samsung Pay

0% p.a.

Mozo Review   Westpac Choice Review

Last updated: 7 August 2018.

What's hot:
  • No account fee when you deposit $2,000 each month

  • Cardless cash feature

What's not:
  • 3% foreign exchange fee

Mozo snapshot:

For a one stop account that satisfies your everyday banking needs, it’s hard to look past Westpac’s Choice bank account that offers free access to over 3,000 Westpac ATMs Australia wide and has no domestic electronic, phone, cheque or over the counter fees (withdrawal and deposit). As a bonus you can avoid paying the $5 monthly account fee if you deposit a minimum of $2,000 per month.

Key features:

With the Westpac Choice bank account you can say goodbye to the $5 monthly fee if you deposit at least $2,000 each month (AKA your salary). That fee will also be wiped if you’re under 21, studying full time or hold an Australian Pensioner Concession Card or Health Care Card.

With no minimum balance required and a $2,000 daily ATM withdrawal limit, the Choice Account gives you the convenience of free access to over 3,000 Westpac Group ATMs in Australia including Westpac, St. George, Bank of Melbourne and BankSA. Plus, you can use its linked Debit Mastercard wherever Mastercard is accepted around the globe via the Global ATM Alliance network and Westpac Group Partners. Westpac’s Fraud Money Back Guarantee gives extra peace of mind by ensuring any unauthorised transactions are reimbursed (conditions apply). Just bear in mind, there is a $5 and 3% foreign exchange margin on overseas purchases and withdrawals.

Don’t sweat it if you ever forget your card because the Choice bank account comes with a cardless ATM withdrawal feature that gives you access to your cash (up to $500 a day) without your debit card through a unique cash code which you can get by calling Westpac customer service or entering your Online Banking Customer ID and password into the Westpac Mobile Banking App. You can also pay for purchases under $100 via “tap and pay” with Mastercard PayPass.

Just like most transaction accounts in Australia, you won’t be earning any interest on this account but homeowners may be glad to hear that the Choice bank account can be used as a 100% interest offset account should you link it to a Westpac Rocket Repay Home Loan or Rocket Investment Loan.

Who it's good for:

The Westpac Choice bank account is designed for Aussies looking for a bank account with a wide ATM network and modern features, who can make minimum deposit conditions to avoid paying fees.

Any catches?

Be sure to get your salary directly deposited into the account to avoid the $5 monthly fee.

Details

Rates and fees information correct as at 16 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $5.00

  • $0 monthly account fee if you deposit min. $2,000 per month

  • Unlimited free transactions from internet, phone, network ATMs, EFTPOS, BPAY, branch deposits and withdrawals, and cheque.

  • $0.00

  • Westpac, St.George, BankSA, Bank of Melbourne

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $2,000.00

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

Atm card
  • none

  • none

  • none

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

Google Pay, PayID, Samsung Pay

Customer Reviews

How are Westpac bank accounts rated by the Mozo community?

Overall customer rating
7.5/10
Price
6.7/10
Features
6.4/10
Customer service
7.6/10
Convenience
7.9/10
Trust
7.5/10

Latest reviews of Westpac Choice

  • Overall
    9/10
    Ok.

    Their products aren’t bad, but I feel they need to be more competitive.

    Their products aren’t bad, but I feel they need to be more competitive.

    Price
    7/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    6/10

    Tracey | Queensland

    reviewed 1 day ago

  • Overall
    8/10
    Competitive rates.

    Although the interest rate is the same as the other big banks we have banked with Westpac for 48...

    Although the interest rate is the same as the other big banks we have banked with Westpac for 48 years and find them very friendly and sort out problems quite quickly.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    8/10

    Lorraine | Australian Capital Territory

    reviewed 1 day ago

  • Overall
    5/10
    No different to any other bank.

    Early this year I was scammed by an overseas trader. It took 6 months for the dispute to be...

    Early this year I was scammed by an overseas trader. It took 6 months for the dispute to be resolved and it turned out they sided with the company who scammed me. I still have not received an explanation as to why the result did not go in my favour. Very poor customer service that doesn't have their customers' back.

    Price
    5/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    3/10

    Jenny | Victoria

    reviewed 1 day ago

  • Overall
    5/10
    Average bank.

    Average.

    Average.

    Price
    5/10
    Features
    5/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10

    Ev | Queensland

    reviewed 2 days ago

  • Overall
    8/10
    Friendly staff.

    I cancelled two bank accounts but they still remained open and I had to go back to branch twice...

    I cancelled two bank accounts but they still remained open and I had to go back to branch twice and call 4 times.

    Price
    8/10
    Features
    4/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10

    Lynn | New South Wales

    reviewed 3 days ago

Westpac

About Westpac

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.

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