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
Customer service and advice has always been great.
Read full reviewCustomer service and advice has always been great.
Great bank. Safe and secure.
Read full reviewGreat bank. Safe and secure.
I have been a customer with Westpac for 13 years and have never had an issue. Great customer service over the phone and in branch.
Read full reviewI have been a customer with Westpac for 13 years and have never had an issue. Great customer service over the phone and in branch.
Westpac doesn't dishonour direct debits as long as account in credit by close of business, whereas my previous bank dishonoured direct debit if money not in account first thing in morning. This means if you have forgotten direct debit, you have time to rectify.
Read full reviewWestpac doesn't dishonour direct debits as long as account in credit by close of business, whereas my previous bank dishonoured direct debit if money not in account first thing in morning. This means if you have forgotten direct debit, you have time to rectify.
I like Westpac due to their customer service. I never have lengthy waiting times when I need to call them or see them in the branch. The instant payment to other banks such as NAB is convenient when going out to dinner with friends and splitting the bill.
Read full reviewI like Westpac due to their customer service. I never have lengthy waiting times when I need to call them or see them in the branch. The instant payment to other banks such as NAB is convenient when going out to dinner with friends and splitting the bill.
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.
P&N Bank
& Transaction Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
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
