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 before the last business day of every month.
With the Westpac Choice bank account, you can say goodbye to the $5 monthly fee if you deposit at least $2,000 before the last business day of every month - like your salary. That fee will also be wiped if you’re an Australian Pensioner Concession Card or Health Care Card holder or for the first 12 months if you're an expat customer, or if you are eligible for the Westpac Choice Student Account.
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 |
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| |
| none | |
| none | |
| none |
|
| |
| $5.00 | |
| $0.00 | |
| 3.00% |
Apple Pay, Google Pay, PayID, Samsung Pay
I like Westpac because it's really safe to save and make withdrawals and they have great customer service.
Read full reviewI like Westpac because it's really safe to save and make withdrawals and they have great customer service.
Westpac are straightforward with solid, easy to understand products and services. They have recently introduced more ways to interact with the bank e.g. The virtual assistant Red in the Westpac App which can also put you into a chat with a human if required. I find their customer service to be good and they offer everything you would need from a bank. No complaints here.
Read full reviewWestpac are straightforward with solid, easy to understand products and services. They have recently introduced more ways to interact with the bank e.g. The virtual assistant Red in the Westpac App which can also put you into a chat with a human if required. I find their customer service to be good and they offer everything you would need from a bank. No complaints here.
I changed from Westpac as I was being charged to many fees and they take too long resolving my disputes, plus bank transactions don't add up.
Read full reviewI changed from Westpac as I was being charged to many fees and they take too long resolving my disputes, plus bank transactions don't add up.
Just one word bad, my parents both Spanish with a little English had a horrible experience. They went in to check their accounts and then was told it was not there. When they showed proof of the account their branch they didn't want to help, nor give any assistants even from the manager. Westpac needs to get there customer service a rethink.
Read full reviewJust one word bad, my parents both Spanish with a little English had a horrible experience. They went in to check their accounts and then was told it was not there. When they showed proof of the account their branch they didn't want to help, nor give any assistants even from the manager. Westpac needs to get there customer service a rethink.
Absolutely horrible, bank statements are never correct in order, customer service is terrible I have heard the same excuses multiple times, seems like everyone there is incompetent.
Read full reviewAbsolutely horrible, bank statements are never correct in order, customer service is terrible I have heard the same excuses multiple times, seems like everyone there is incompetent.
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$0.00
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