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
Waited one hour to see someone who then said they can't help me and to call telephone banking. Telephone banking keeps telling me to call some other hotline. It seems they are very good and waisting your time and sending you in circles.
Read full reviewWaited one hour to see someone who then said they can't help me and to call telephone banking. Telephone banking keeps telling me to call some other hotline. It seems they are very good and waisting your time and sending you in circles.
They do not have a coin counting machine, which sometimes is inconvenient
Read full reviewThey do not have a coin counting machine, which sometimes is inconvenient
Pros: -They have plenty of ATMs and bank branches around - They are pretty easy to contact Cons: -Branch doesn’t open on a weekend - Fees and charges are not as clear as they could be
Read full reviewPros: -They have plenty of ATMs and bank branches around - They are pretty easy to contact Cons: -Branch doesn’t open on a weekend - Fees and charges are not as clear as they could be
I have been with westpac for 10+ years now and they have always been reliable and helpful. Everywhere they check up on me and advise me on the latest offers/products available
Read full reviewI have been with westpac for 10+ years now and they have always been reliable and helpful. Everywhere they check up on me and advise me on the latest offers/products available
I think they are very trustworthy and there are lots of conveniently located branches which comes in handy when i need to deposit cash.
Read full reviewI think they are very trustworthy and there are lots of conveniently located branches which comes in handy when i need to deposit cash.
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.
Newcastle Permanent
Everyday Account
$4.00$0 monthly account fee if you deposit min. $1,800 per month or account holder is under 25
PayID
0.01% 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
