Westpac bank accounts

3.8
Based on 4,892 Westpac bank account product reviews.
Fact Checked
Last updated

Overview

Westpac is one of Australia’s ‘big four banks’, offering a range of financial products to meet diverse needs. Whether you're looking to manage everyday expenses, pay bills, or make online purchases, Westpac may provide the solutions you need.

With helpful features, a user-friendly app, and a variety of banking services, Westpac can simplify your banking experience and support you in achieving your financial goals.

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Editor's review: Westpac Choice transaction account

Choice

Account fee
$0.00
$0 monthly account fee for 12 months when you open an account by 30/9/2025.
Payment options
Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Interest rate
0.00 % p.a.
Link not supplied
  • Easy online application process

  • Member of the Global ATM Alliance for fee-free ATM transactions

  • Compatible with Google Pay, Apple Pay, and Samsung Pay

  • Eligible for Westpac’s ShopBack rewards and cashback program

  • Monthly account fee (can be waived if you meet certain conditions)

  • Foreign transaction fees apply

Our verdict

The Westpac Choice transaction account delivers an easy option for anyone looking to access their funds quickly and manage daily transactions. There’s a $5 monthly account-keeping fee. However, if you’re under 30 or a full-time student, you won’t have to pay it. Alternatively, if you deposit $2,000 or more each month, the fee is waived.

Westpac is part of the Global ATM Alliance , giving you access to a huge network of fee-free ATMs around the world. Be aware that some ATMs may still charge their own fees. There are international transaction fees on card purchases made in currencies other than the Australian Dollar (AUD).

Westpac uses the Mastercard payments platform, not Visa. The account is compatible with Google Pay, Apple Pay, Samsung Pay or you can use the Westpac Digital Card .

For those seeking extra perks on their spending, Westpac is partnered with ShopBack , an online platform that offers rewards and cashback from over 4,000 online, in-store and gift card brands.

It’s sensible to gauge how this account stacks up against other banking options, especially if you’re seeking an account without fees or conditional rewards. Make sure to explore your options and compare the market to find what works best for your financial needs.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 30 October 2024 Important disclosures

Westpac bank accounts

  • Choice

    Account fee
    $0.00
    $0 monthly account fee for 12 months when you open an account by 30/9/2025.
    Payment options
    Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
    Interest rate
    0.00 % p.a.
    Link not supplied

  • Choice Student

    Account fee
    $0.00
    Payment options
    Apple Pay, Google Wallet, PayID, Samsung Pay
    Interest rate
    0.00 % p.a.
    Link not supplied

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Westpac bank account ratings

Overall customer rating for Westpac bank accounts

3.8
Based on 4,892 product reviews.

Customer reviews

Important disclosures

FAQs

Is Westpac a safe place to keep my money?

Westpac is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). This means your deposits are protected under the Australian Government's Financial Claims Scheme, safeguarding up to $250,000.

What do I need to open an account?
  • You must be at least 14 years old
  • Relevant identification documents
  • You must be an Australian resident for tax purposes
How do I apply?

You can apply online through the Westpac website or over the phone.

How many bank accounts can I open?

You can open multiple Westpac bank accounts.

How do I set up online banking?

To set up online banking, visit the Westpac website and register. Provide your personal details. Once registered, you can manage your account through your digital profile on the website or app.

Are there any fees?

A monthly account-keeping fee of $5 is applicable. However, if you’re under 30 years of age, a full-time tertiary student or a concession card holder you can be exempt from this cost.

Additionally, if you’re new to Australia, you’ll pay no account-keeping fees for the first 12 months of opening your Westpac Choice account.

How do I close my account?

The quickest way to close your account is through online banking or via the app. You can also call customer service. Before closing your account, ensure you:

  1. Confirm your account balance is zero ($0.00)
  2. Cancel any recurring payments and direct debits
  3. Check that all recent transactions have cleared (these can take a few days to update from ‘pending’ to ‘posted’) You can verify this in the Westpac app
  4. Clear any outstanding cheques

Westpac products

Bank account quick links


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