Transferring money to your savings account

If you’ve opened a savings account with us recently, here’s what you need to know to get your savings started.
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How to:

How to transfer money from another bank

If you want to transfer money to your savings account from a different bank, here’s the details you’ll need:

 

  • BSB
  • Account number
  • Account name

Account details

Finding your account details is as easy as signing into Westpac Online Banking

Once you’ve signed in, you’ll see the details of any Westpac accounts you have. Take a look at your new Westpac savings account and you’ll see a 12 digit number:
 

  • Your BSB number is the first 6 numbers
  • Your account number is the remaining 6 numbers

Account name

What about your account name?

That’s an easy one – this is the name you used to open the account, in most cases your own name.

How to transfer from another Westpac account

The easiest way to get your savings growing is to transfer money directly into your savings account from another Westpac account. All you need to do is:
 
  1. Sign into Online Banking and select ‘Transfer funds’ from the Payments menu
  2. Select the account you want to transfer from
  3. Select your new savings account and enter the amount
  4. Select the date you want the money transferred and select ‘continue’ (it’ll automatically default to the current date if you want it to happen as soon as possible)

How to set up a regular savings plan

If you really want to get your savings growing, you could set up a regular transfer into your account.


1. Sign into Online Banking

Then select ‘Transfer funds’ from the Payments menu

 


2. Select the account you want to transfer from

Then select your savings account as the account you want to transfer to

 


3. Enter the amount

Then select the date you want the money transferred (it’ll automatically default to the current date if you want it to happen as soon as possible)


4. Select ‘Recurring payment’

Then choose how frequently you want the payment made and press ‘continue’

 

 

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Things you should know

Online Banking Terms and Conditions (PDF 547KB)

 

This information does not take your personal circumstances into consideration, read the terms and conditions available above and decide whether the products and services are appropriate for you.