Westpac logo
Mini meca 2023
Account fee
$5.00
Payment options
Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Interest rate
0% p.a.

Mozo editorial review Westpac Choice - last updated: 1 February 2024

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What's hot
  • $5 account fee waived when you deposit $2,000 each month (conditions apply)
  • No account fee for customers under 30
  • Cardless cash feature
  • Apple, Google, Samsung Pay, Garmin, Fitbit and digital card pay
What's not
  • 3% foreign exchange fee
Mozo snapshot

For a one-stop account that satisfies your everyday banking needs, Westpac’s Choice bank account could certainly be worth a look. The account 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 before the last business day of every month. Customers under 30 and full-time tertiary students also have the $5 monthly account feature waived. 

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Key features

With the Westpac Choice bank account, you can say goodbye to the $5 monthly fee if you deposit at least $2,000 before the last business day of every month - like your salary. That fee will also be wiped if you’re an Australian Pensioner Concession Card or Health Care Card holder or for the first 12 months if you're an expat customer, or if you are eligible for the Westpac Choice Student Account

Customers who open an account between 01/02/24 and 30/09/24 can also have their monthly account fee waived for the first 12 months (t&cs apply).

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 the 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 overseas ATM withdrawal fee and a 3% foreign exchange margin to consider.

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.

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Who is it good for

The Westpac Choice bank account is designed for Aussies looking for a solid everyday bank account with a wide ATM network and modern features like Apple, Google, Samsung Pay, Garmin, Fitbit and digital card pay especially for those who can meet the minimum deposit conditions to avoid paying the $5 monthly account fee.

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Any catches

You might want to have your salary (at least $2,000) directly deposited into the account to avoid the $5 monthly fee.

Details

Rates and fees information correct as at 21 April 2024. 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 for 12 months when you open an account by 30/9/2024.

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

The minimum age a customer can independently open an account is 14 years old - conditions apply for those aged under 14.

none

Atm card

none

none

none

Debit card

$5.00

$0.00

3.00%

Payment options

Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card

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