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
Simple no frills account. I have had my account for over 20 years now and as I have moved to online banking branch access is not really required. It is good that they have now added Apple Pay as that was one feature that really disappointed me prior.
Read full reviewSimple no frills account. I have had my account for over 20 years now and as I have moved to online banking branch access is not really required. It is good that they have now added Apple Pay as that was one feature that really disappointed me prior.
The way they account keep is wrong and it charges me for money that they say isn't in the account when it is. Just keeping the poor poorer and won't provide a home loan even though I pay my rent every week and have a child with a disability so I get carers from Centrelink which is definitely reliable and guarantee income for life as my son will need help for life! My income is more than what a lot of people get working full time!
Read full reviewThe way they account keep is wrong and it charges me for money that they say isn't in the account when it is. Just keeping the poor poorer and won't provide a home loan even though I pay my rent every week and have a child with a disability so I get carers from Centrelink which is definitely reliable and guarantee income for life as my son will need help for life! My income is more than what a lot of people get working full time!
Westpac gave me a home loan when a broker turned me down. They were great.
Read full reviewWestpac gave me a home loan when a broker turned me down. They were great.
Setting up an everyday Choice account was very simple and their online banking services via the app are great. It's very easy to use and offers a wide range of services you can do without having to enter a branch or call. Service in branches is slow and telephone banking is offshore which can become frustrating.
Read full reviewSetting up an everyday Choice account was very simple and their online banking services via the app are great. It's very easy to use and offers a wide range of services you can do without having to enter a branch or call. Service in branches is slow and telephone banking is offshore which can become frustrating.
Always friendly, helpful, and willing to tell us about new services. They have been my bank for about 25 years.
Read full reviewAlways friendly, helpful, and willing to tell us about new services. They have been my bank for about 25 years.
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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