Open an everyday account
- Access your money with a Westpac Debit Mastercard® 1
- Westpac Online Banking + Mobile Banking
- No monthly account fee if you deposit at least $2,000 each month (other fees may apply)
- Westpac PayWear - a wearable that lets you pay on the go using the same contactless technology as your Debit Mastercard
- Option to open online as a joint account
Online special offer
Get $50 on us!
Under 21, studying full time or new to Australia?
Get $50 when you open a Westpac Choice account online by 29 July 2018 and deposit $250 within 45 days#.
You must be under 21 &/or a full time student or New to Australia (i.e. arrived in the last 12 months). Conditions apply#
Things you should know
* Important Information: Rate is available on deposits from $5,000 to $5,000,000. Personal customers only – not available for business, corporate, institutional or government customers. Special rate will only apply to new Term Deposits and excludes funds rolled over from existing Westpac Term Deposits. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered by Westpac. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply. This information does not take into account your personal needs, circumstances or financial objectives. Before making a decision, read the terms and conditions at westpac.com.au and consider if the product is right for you. © 2017 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.
Before making a decision about any of our products or services, please read relevant terms and conditions. Fees and charges apply and may change.
1. Debit Mastercard: holders need to be at least 16 years of age, and have an Australian residential address to be eligible for the card. If you're not eligible for a Debit Mastercard, apply for a Handycard to access your account.
2. Bonus Interest: payable each month that you make a deposit to the account, ensure the account balance is higher at the end than the beginning of the month, and keep the account balance above $0. For bonus interest qualification, a month is the period from close of business on the last business day of the prior month to close of business on the last business day of the current month.
3. eSaver: An introductory fixed bonus rate of 1.71% p.a. applies for the first 5 months, on top of the standard variable rate when you are a new Westpac eSaver customer. After 5 months, the standard variable interest rate, currently 0.80% p.a. will apply to your eSaver account.
More on term deposits:
Minimum balance of $5,000, maximum balance of $10,000,000. If the rate applying to your term deposit is a special or standard rate and your term deposit rolls over automatically, it may be automatically re-invested at a lower rate than the initial rate (including any initial special rate). An interest rate adjustment may apply if your term deposit funds are withdrawn before maturity.
Westpac Term Deposits are covered by the Australian Government Deposit Guarantee, capped at $250,000 per Westpac account holder.
#$50 Offer: Fees and charges apply. Read the terms and conditions before making a decision and consider whether the product is appropriate for you. Excludes customers who have held a Choice account with Westpac anytime from 4/6/17. You must be under 21 or a full time student or New to Australia (i.e., arrived in the last 12 months) to be eligible for this offer. New to Australia customers must use westpac.com.au/newarrivalsform to open the Choice account and apply for the offer. Eligible customers need to open a Choice account online between 4/6/18 and 29/7/18 (inclusive) and deposit a minimum of $250 within 45 days of account opening. Eligible customers who have completed identification will receive $50 deposited into their account within 60 days of account opening. Offer limited to one $50 deposit per eligible customer. Where a joint account is opened, the offer is limited to only one $50 deposit in respect of the account. If one of the joint account holders has already received their $50 deposit in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account. © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.
World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.