Westpac Choice

$5.00$0 monthly account fee if you deposit min. $2,000 per month

Westpac, St.George, BankSA, Bank of Melbourne

Debit Mastercard

Westpac Choice Review

Rates and fees information correct as at 18 November 2018.

Review published: 21 May 2015

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.

How are Westpac bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.5

Based on 4248
Westpac bank accounts reviews

6.7 6.4 7.6 7.9 7.5

Read Westpac bank account reviews by the Mozo community

Latest reviews of Westpac Choice

Westpac

Westpac Choice bank account review

Overall rating   9 / 10

Thumbs up

I’ve had an account with Westpac since they were known as the Bank of New South Wales longer than I care to remember.

Full review

I’ve had an account with Westpac since they were known as the Bank of New South Wales longer than I care to remember.

    Price   10 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Ian, Western Australia, reviewed 5 days ago

Westpac

Westpac Choice bank account review

Overall rating   10 / 10

Overall excellent

Over the ten years I've used Westpac the customer service has been great.

Full review

Over the ten years I've used Westpac the customer service has been great.

    Price   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jason, Western Australia, reviewed 5 days ago

Westpac

Westpac Choice bank account review

Overall rating   10 / 10

Excellent

I have been a westpac customer for 35 years and will be until I pass on. I am more than happy with the service provided to me and the privacy is second to none.

Full review

I have been a westpac customer for 35 years and will be until I pass on. I am more than happy with the service provided to me and the privacy is second to none.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Lindsay, Queensland, reviewed 10 days ago

Westpac

Westpac Choice bank account review

Overall rating   10 / 10

Excellent

Using the ATM with cardless cash and making deposits is extremely easy and they all always have really friendly staff on hand.

Full review

Using the ATM with cardless cash and making deposits is extremely easy and they all always have really friendly staff on hand.

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Dillon, South Australia, reviewed 10 days ago

Westpac

Westpac Choice bank account review

Overall rating   8 / 10

Just like the other major banks

They're ok i guess. They'll do for me.

Full review

They're ok i guess. They'll do for me.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Hamish, New South Wales, reviewed 11 days ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • 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

  • $1.00

  • $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%

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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