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Parents can now open a Westpac Cash Manager Account, a "pay as you go" competitive interest savings account with full transactional access for customers who are moderate transactors.

Parents can transfer a lump sum into their Westpac Cash Manager account, and advise Westpac to regularly transfer amounts to a nominated student account. This process ensures parents know that their children don't have access to a larger amount of money than they need for their regular living expenses.

A monthly fee of $5 AUD applies. However, if you maintain a balance of over $10,000, this fee will be waived. Other fee and charges maybe payable. Refer to the Deposit Accounts for Personal Customers Product Disclosure Statement.

Features and benefits

• Paperless estatements as standard (paper statements available on request)
• Tiered interest on balances of $10,000 and above (see our current fees, charges and interest rates for further information)
• Monthly account service fee waived if your minimum balance is $10,000
• Unlimited Internet Banking and automated Telephone Banking transactions

Access options

• Cheque
• Branch
• Internet Banking
• Telephone Banking
• ATM
• EFTPOS

To apply, you must complete the following 3 forms:
Westpac Cash Manager Account application form (PDF 59kb)
Reference by an acceptable referee (PDF 33kb)
Periodical payment authority forms (PDF 114kb)


Please complete the forms above and either fax or mail to:

Westpac Migrant Banking Australia
Level 31, Westpac Place
275 Kent Street
Sydney NSW 2000
Australia

Fax: + 61 2 82531875