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. Customers under 30 and full-time tertiary students also have the $5 monthly account feature waived.
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.
Customers who open an account between 01/02/24 and 30/09/24 can also have their monthly account fee waived for the first 12 months (t&cs apply).
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 Apple, Google, Samsung Pay, Garmin, Fitbit and digital card 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. |
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n/a |
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n/a |
$5.00 |
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$0 monthly account fee for 12 months when you open an account by 30/9/2024. |
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Unlimited free transactions from internet, phone, network ATMs, EFTPOS, BPAY, branch deposits and withdrawals, and cheque. |
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$0.00 |
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Westpac, St.George, BankSA, Bank of Melbourne |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$5.00 |
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3.00% |
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$0.00 monthly |
$0.00 |
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$0.00 |
$2,000.00 |
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no |
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yes |
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no |
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yes |
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yes |
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yes |
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no |
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The minimum age a customer can independently open an account is 14 years old - conditions apply for those aged under 14. |
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none |
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none |
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none |
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none |
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$5.00 |
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$0.00 |
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3.00% |
Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Having great difficulties with them can't get the fraud on my account and looks like thier insurance is not worth thier word and seemly allow it to happen
Read full reviewHaving great difficulties with them can't get the fraud on my account and looks like thier insurance is not worth thier word and seemly allow it to happen
I have been with westpac now just over a yr. I love the customer care online or over the phone. Also when attending a branch the workers are so helpful.
Read full reviewI have been with westpac now just over a yr. I love the customer care online or over the phone. Also when attending a branch the workers are so helpful.
I've been banking with Westpac for years, and as much as no one trusts big banks, I trust Westpac. I have consistency and accountability with my banking, and I can access it anywhere I go.
Read full reviewI've been banking with Westpac for years, and as much as no one trusts big banks, I trust Westpac. I have consistency and accountability with my banking, and I can access it anywhere I go.
One of the biggest reasons I dislike my bank is that the branch locations are not accessible, it's hard to find a bank location these days. I also don't think my westpac account does a whole lot for me, no decent saving options and the price for a regular account isn't great.
Read full reviewOne of the biggest reasons I dislike my bank is that the branch locations are not accessible, it's hard to find a bank location these days. I also don't think my westpac account does a whole lot for me, no decent saving options and the price for a regular account isn't great.
Great bank and helpful staff members
Read full reviewGreat bank and helpful staff members
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.