Account fee
$5.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review Westpac Choice

Last updated: 1 April 2020.

binocular icon
What's hot
  • No account fee (when you deposit $2,000 each month)
  • Cardless cash feature
  • Google, Samsung Pay and Fitbit Pay
What's not
  • 3% foreign exchange fee
Mozo snapshot

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.

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Key features

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.

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Who is it good for

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.

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Any catches

You might want to have your salary (at least $2,000) directly deposited into the account to avoid the $5 monthly fee.

Details

Rates and fees information correct as at 19 January 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $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

Other financial bits
  • $0.00

  • $0.00

Features
  • $2,000.00

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

Atm card
  • none

  • none

  • none

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are Westpac bank accounts rated by the Mozo community?

Overall
7.5/10
Price
6.7/10
Features
6.4/10
Customer service
7.6/10
Convenience
7.9/10
Trust
7.6/10

Latest reviews of Westpac Choice

  • Overall 5/10
    Easy.

    Easy to use banking.

    Read full review

    Easy to use banking.

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    David, New South Wales reviewed about 12 hours ago
  • Overall 4/10
    Customer service loop

    Westpac is okay - but there are many banks out there with better rates and customer service. Do not try and call their help line after 6pm you just get sent on a loop and no one solves the problem.

    Read full review

    Westpac is okay - but there are many banks out there with better rates and customer service. Do not try and call their help line after 6pm you just get sent on a loop and no one solves the problem.

    Price
    3/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    5/10
    Trust
    5/10
    Less
    Caroline, New South Wales reviewed about 15 hours ago
  • Overall 10/10
    Westpac always going to be my bank

    I have been with Westpac since 1989 in New Zealand and also joined once i got settled in Australia. I am always happy with the services i get when i go into the branch and when I ring them up.

    Read full review

    I have been with Westpac since 1989 in New Zealand and also joined once i got settled in Australia. I am always happy with the services i get when i go into the branch and when I ring them up.

    Price
    6/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kamiria, Queensland reviewed about 15 hours ago
  • Overall 6/10
    More connection with customers

    There was no response when we paid our loans off. Was very disappointed it is a big thing to pay a home loan off early.

    Read full review

    There was no response when we paid our loans off. Was very disappointed it is a big thing to pay a home loan off early.

    Price
    10/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    10/10
    Trust
    7/10
    Less
    Deb, Queensland reviewed 4 days ago
  • Overall 8/10
    I've enjoyed banking with Westpac for 6 years

    I like this bank because it satisfies my baking needs. It is simple, not complicated, easy to navigate, reliable, trustworthy and effortless.

    Read full review

    I like this bank because it satisfies my baking needs. It is simple, not complicated, easy to navigate, reliable, trustworthy and effortless.

    Price
    -1/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Victoria, Queensland reviewed 4 days ago
Thumbnail icon for Westpac

About Westpac

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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