Westpac Banking Corporation

Bank accounts

Day to Day comparison table

Features
Monthly service fee

$5.00

$3.00

NIL

NIL

Minimum monthly deposit to waive monthly service fee

$2,0004

N/A

N/A

N/A

Minimum monthly balance to waive monthly service fee

N/A

N/A

N/A

N/A

Free transactions (per month)*

Unlimited transactions

Unlimited electronic transactions only

8 free withdrawals5

Unlimited transactions

Free Telephone Banking enquiries (per month)

Unlimited enquiries

Unlimited enquiries

12

Unlimited enquiries

Interest rates p.a.
$0 to $2,000

N/A

N/A

2.00%

N/A

$2,000 to $41,000

N/A

N/A

3.00%

N/A

$41,000+

N/A

N/A

4.50%

N/A

Excess transaction fees
Online Banking withdrawal or direct debit

NIL

 

NIL

 

$0.25

NIL

 

Telephone banking electronic withdrawal

NIL

 

NIL

 

$0.40

NIL

 

EFTPOS

NIL

 

NIL

 

$0.60

NIL

 

Westpac/St.George/BankSA branded ATMs withdrawal

NIL

 

NIL

 

$0.60

NIL

 

Cheques written

NIL

 

$1.00

 

$1.00

N/A

Branch staff assisted withdrawal

N/A

 

$3.0011

$0.6012

NIL

Additional fees
Non-Westpac/St.George/BankSA branded ATM6 within Australia (cash withdrawal or balance enquiry)

NIL

NIL

NIL

NIL

Overseas ATM cash withdrawal7

$5.00

 

$5.00

 

$5.00

$5.00

 

Overseas ATM balance enquiry

NIL

 

NIL

 

NIL

NIL

 

Westpac foreign transaction fee

Refer to footnote 8

Refer to footnote 8

Refer to footnote 8

Refer to footnote 8

Dishonour of cheques written or direct debits

$9

 

$9

 

$9

NIL

Periodical payment not made fee

$9

 

$9

 

$9

NIL

Account overdrawn fee

$9

 

$9

 

$9

NIL

Accessing your money
Branch
yes no yes yes
Online Banking
yes yes yes yes
Telephone banking
yes yes yes yes
ATM
yes yes yes yes
EFTPOS
yes yes yes yes
Cheque9
yes yes yes no
Debit MasterCard®10
yes yes yes yes
Things you should know
  • 1.Customers may only have one Basic Account or one Deeming Account. 
  • 2.Available to customers who are undergoing full-time tertiary studies.
  • 3.Available to customers who are under the age of 21.
  • 4.The monthly service fee will be waived if customer initiated deposits of at least $2,000 have been made by the last business day of the month.
  • 5.This is based on when we process the withdrawal to your account, which may be after you make the withdrawal.
  • 6.Non-Westpac Group branded ATMs apply an ATM operator fee by the ATM Owner, which is disclosed at the time of the transaction on the ATM screen. This fee will be debited on the day (or next business day) of the transaction and itemised separately on your statement.
  • 7.Nil for cash withdrawals from participating Global ATM Alliance partners in designated countries. For more information, read Using ATMs overseas.
  • 8.The Westpac Foreign Transaction fee is payable and will be incorporated into the $AUD transaction amount shown on your statement. The fee charged will either be:
     a) 3% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located outside of Australia (comprising of 2% Westpac Processing Fee plus 1% Westpac On-Charged Scheme Fee);
     b) 2.2% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located in Australia (comprising of 2% Westpac Processing Fee plus a Westpac On-Charged Scheme Fee of 0.2%). 
  • 9.Customers must be 18 years and over.
  • 10.If you're ineligible for a Debit MasterCard® and you're over 12, you will be offered a Handycard to access your account.
  • 11. Staff assisted withdrawals for people with a disability are not charged on Choice eAccount.
  • 12. Staff assisted withdrawals for people with a disability are charged $0.60 for each withdrawal in excess of the free withdrawal allowance on the Deeming Account.
  • * Day to day banking transaction across Westpac branches, Westpac/St.George/Bank SA branded ATMs, EFTPOS, Telephone Banking, Online Banking, Cheques and direct debits.  Other fees and charges may apply.