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 per month.
With the Westpac Choice bank account, you can say goodbye to the $5 monthly fee if you deposit at least $2,000 each month - like 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 or for the first 12 months if you're an expat customer.
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.
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 Google Pay, PayID and Samsung Pay, especially for those who can meet the minimum deposit conditions to avoid paying the $5 monthly account fee.
You might want to have your salary (at least $2,000) directly deposited into the account to avoid the $5 monthly fee.
Balances from $0: 0.00% p.a.
n/a
n/a
$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
$0.00
$0.00
$2,000.00
no
yes
no
yes
yes
yes
no
none
none
none
none
none
$5.00
$0.00
3.00%
Apple Pay, Google Pay, PayID, Samsung Pay
I love Westpac, my local branch is always understanding. I will give the Waurn Ponds branch 100%.
Read full reviewI love Westpac, my local branch is always understanding. I will give the Waurn Ponds branch 100%.
I have banked with Westpac bank for over 15 years. Their online banking is made so easy for anyone to guide through. Online banking has everything you need from recording cards, changing PIN numbers, even ordering credit cards. Or just browsing for anything you need. I’ve had problems with companies drawing money against my account that I’ve not been aware of and Westpac promptly dealt with it and I received my money back. I’ve found they work great with their customers and I wouldn’t personally bank with anyone else. When you want to talk to a real person it’s easy and they are great and go out of their way to resolve/help sort whatever issues you may have. I fully recommend Westpac Bank to anyone who wants easy banking.
Read full reviewI have banked with Westpac bank for over 15 years. Their online banking is made so easy for anyone to guide through. Online banking has everything you need from recording cards, changing PIN numbers, even ordering credit cards. Or just browsing for anything you need. I’ve had problems with companies drawing money against my account that I’ve not been aware of and Westpac promptly dealt with it and I received my money back. I’ve found they work great with their customers and I wouldn’t personally bank with anyone else. When you want to talk to a real person it’s easy and they are great and go out of their way to resolve/help sort whatever issues you may have. I fully recommend Westpac Bank to anyone who wants easy banking.
Westpac has looked after my business for 30 years. They also look after my three young boys accounts. I have no interest in changing banks unless there were better interest rates at other banks. Westpac will always match to keep loyal customers. Great bank.
Read full reviewWestpac has looked after my business for 30 years. They also look after my three young boys accounts. I have no interest in changing banks unless there were better interest rates at other banks. Westpac will always match to keep loyal customers. Great bank.
I have been a customer of Westpac for over 30 years. They are fantastic.
Read full reviewI have been a customer of Westpac for over 30 years. They are fantastic.
I've been with this bank for over 10 years. Yeah they'll have some downs but you can contact the bank and fix it up on the spot.
Read full reviewI've been with this bank for over 10 years. Yeah they'll have some downs but you can contact the bank and fix it up on the spot.
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.
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
UBank
USpend Transaction Account
$0.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
NAB
Visa Debit or
EFTPOS
