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Essentials

  • For retirees aged 55 or over and those with concession cards receiving an Australian pension
  • Unlimited access across Online Banking, Telephone Banking, Westpac, St.George, BankSA and Bank of Melbourne ATMs, eftpos and branches (daily transaction limits apply)
  •  Earn split interest on balances
  • One Westpac 55+ and Retired account per customer
     

Did you know?

Adding a Debit Mastercard ® to your 55+ and Retired Account will allow you to access your own money to make purchases overseas, online and over the phone - at 30 million locations worldwide1.

$0 Monthly service fee

$0 Monthly service fee2. Other fees may apply.

Cardless cash

Withdraw cash using your phone from any Westpac, St.George, Bank of Melbourne or BankSA ATM3.

Fingerprint login

Sign in to Mobile Banking simply and securely with just your fingerprint on compatible devices4.


Features

Multiple ways to access your bank account and to your money

  • Online Banking
  • Mobile Banking
  • Telephone Banking
  • Debit Mastercard or Handycard
  • BPAY®
  • Branch
  • ATMs
  • Withdraw cash using your phone from any Westpac, St.George, Bank of Melbourne or BankSA ATM3
  • Make purchases with Google Pay™ by simply tapping your mobile at contactless terminals5.

Access your money

No ATM withdrawal fee at any major bank ATM in Australia and over 50,000 ATMs around the world via the Global ATM Alliance and partner ATMs (other fees may apply)2

Link a Westpac Debit Mastercard

A Debit Mastercard linked to your Choice account will let you shop online, over the phone in Australia and overseas using your own money. You can also withdraw cash at millions of locations worldwide where Mastercard is accepted. Learn more about Debit Mastercard.

When your Westpac Choice account is open

  • Register for Westpac Online Banking and/or Telephone Banking for more ways to access your money
  • Choose eStatements for convenient online access to 7 years of account activity.
Standard fees (fees may change) Amount
Online Banking withdrawal $0
Telephone Banking (automated) $0
Telephone Banking (staff assisted) $0
POS $0
Westpac, St.George, BankSA, Bank of Melbourne ATM withdrawal $0
Cheques withdrawal $0
Direct debit $0
Branch staff assisted withdrawal $0
Periodical payments (Additional fees apply for periodical payments made by bank cheque and international periodical payments) $0
eStatements $0
Non-Westpac, St.George, BankSA, Bank of Melbourne ATMs within Australia cash withdrawal or balance enquiry - however the ATM owner may apply an ATM operator fee  $0
Dishonour of cheques written or direct debits $5
Periodical payment not made fee $5
Account overdrawn fee $15
Standard fees (fees may change) Amount
Overseas ATM cash withdrawal from a non-Global Alliance Partner ATM $5
Overseas ATM cash withdrawal from a Global Alliance Partner ATM $0
Overseas ATM balance enquiry from a non-Global Alliance Partner ATM $0
Overseas ATM balance enquiry from a Global Alliance Partner ATM $0
Westpac Foreign Transaction Fee Depends on transaction type - see below

More on fee free withdrawals

We date each withdrawal when it's debited to your account which may not be the date you actually make it.

Westpac Foreign Transaction Fee

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 Australia (comprising of 2% Westpac Processing Fee plus 1% Westpac On-Charged Scheme Fee); or

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 0.2% Westpac On-Charged Scheme Fee).

Global Alliance Partners

For more information on participating Global Alliance Partners in designated countries, see Accessing your accounts overseas.

Credit Cardholders who currently withdraw money from linked Westpac account via credit card, it is important to know that this functionality may not be available when using overseas ATMs, including Global Alliance ATMs. To ensure access to Savings and/or Cheque account funds when overseas please speak to us about obtaining a Debit Mastercard®. Go to our Debit Mastercard page or visit a Westpac branch. Terms and Conditions and Fees and charges may apply.

Interest rates p.a.

Interest is calculated daily on your account balance.

Amount Rate
Balances up to $9,999.99 0.50% p.a.
On the part of the balance between $10,000.00 to $49,999.99 0.80% p.a.
On the part of the balance between $50,000.00 to $249,999.99 1.50% p.a.
On the part of the balance $250,000 or over 1.70% p.a.
Things you should know

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 12MB)

Westpac Debit Mastercard® Terms and Conditions (PDF 157KB)

Westpac Emergency Cash and Westpac cardless cash Terms and Conditions (PDF 133KB)

Online Banking Terms and Conditions (PDF 296KB)

Find out what information you need to provide to become a customer (PDF 768KB)


Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.
 

It is important to know that the functionality to withdraw money from a linked Westpac account via Credit Card is not available when using overseas ATMs, including Global Alliance ATMs. To ensure access to Savings and or Cheque account funds when overseas please speak to us about obtaining a Debit Mastercard®.
 

Who can apply for a Debit Mastercard?

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. A 3% Westpac Foreign Transaction Fee applies to overseas debit or credit card withdrawals. A 2% cash advance fee applies to credit card withdrawals where the "Credit" option is selected. A list of Global Alliance members is available. It is important to know that the functionality to withdraw money from a linked Westpac account via Credit Card is not available when using overseas ATMs, including Global Alliance ATMs. To ensure access to Savings and or Cheque account funds when overseas please speak to us about obtaining a Debit Mastercard®.

3. Cardless cash is available on eligible Westpac transaction accounts with a linked debit card. Cardless cash limit of 3 withdrawals per day applies, subject to $500 daily withdrawal limit and $1,000 weekly withdrawal limit. Only available at Westpac Group ATMs in Australia. To access cardless cash on your mobile you must be registered to use Westpac Online Banking and download the Westpac Mobile Banking App.


4. Finger print login: Fingerprint sign in is available on compatible devices only. Customers must be registered for Westpac online banking and have set up fingerprint ID to use the service.


5. Google Pay: Read the Terms and Conditions before making a decision and consider if it is right for you. Available for eligible cards. To use Google Pay you will need to use a compatible device with a supported operating system.
 

St.George Bank, BankSA and Bank of Melbourne are divisions of Westpac Banking Corporation ABN 33 007 457 141.


Mastercard® and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. Samsung, Galaxy S and Galaxy Note are trademarks of Samsung Electronics Co. Ltd. Android is a trademark of Google Inc. Google Play is a trademark of Google Inc.