An award-winning bank account with extras
Voted Canstar's Outstanding Value for Transaction Accounts 2024/2025.
Double your
$50
When you bank and save with Westpac
Open a new Choice everyday account and an eligible savings account together between 1 February 2026 and 20 April 2026, and here’s how you can get $50:
- Deposit $50 or more into your new Choice everyday account within 10 days.
- We’ll add $50 to your savings account once you meet the criteria.
This promotion runs from 1 February 2026 to 20 April 2026.
Eligibility criteria:
You must:
- Not have held either a transaction account or savings accounts with Westpac in the last 2 years (applies to both account holders for joint accounts)
- Open a new Westpac Choice account AND, either a Westpac Life (18+) OR Westpac Bump (U18) OR Westpac e-Saver. Accounts must be in the same name, and active and ready to use.
- Open both accounts and deposit $50 or more into your Westpac Choice transaction account within 10 calendar days. Deposit(s) must be processed (not pending) by the 10th day.
- Deposit must be customer-initiated and does not include interest payments into the account.
- Keep the account open for a minimum of 60 days after your eligible deposit.
If you meet the above:
- You're eligible for a one-time $50 payment.
- The $50 payment will be made to your Westpac Life/ Westpac Bump / Westpac E-Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria.
- If you open more than one Westpac Life / Westpac Bump / Westpac E-Saver account, the $50 cashback will be made to one account only. It will be the first savings account opened and active.
$0
Monthly and withdrawal fees
- As long as you’re under 30 or a full-time tertiary student (other fees may apply)
- No cash withdrawal fees from Westpac and select partner ATMs
- Unlimited transactions and account enquiries.
- No international transfer fees to send money overseas via Online Banking or the Westpac App (other fees may apply).
GET YOUR MOBILE SORTED WITH OPTUS
Just
The choice for easy day-to-day banking and more
Instant Digital Card®
Before you get your Debit Mastercard® use the digital version in the Westpac App. Then, add it to your mobile wallet.
Instant payments
Get PayID® payments instantly with just your mobile number. You can also tap and go using your mobile or your Debit Mastercard.
Banking on the go
Skip the trip to the branch and manage your banking when it suits you by using the Westpac App.
Get exclusive offers
Make full use of our customer-only discounts and cashback offers, including special ShopBack deals.
We speak your language
If English is not your first language, we offer:
- Language help and translation services
- ATMs with 9 languages other than English
- Easy English Guides for banking and other services.
Smart Budgeting and savings tools
LAYERS OF SCAM AND FRAUD PROTECTION
Save time, apply online
Not yet in Australia?
If you’re overseas but will arrive in Australia within 14 days, you might be able to start your account set up. This means you’ll get your Customer ID and Online Banking profile now. Then, once you arrive in Australia, verify your identity to activate your account.
Link your Choice account with a Westpac eSaver savings account
Enjoy a sweet, total introductory interest rate of up to 4.55% p.a on your savings for the first 5 months. Get the breathing space to explore your new life in Australia.
Account fees
| Standard fees (fees may change) | Amount |
|---|---|
|
Pay no Account-Keeping Fee for the first 12 months (usually $5 per month)
After this, the fee will continue to be waived for customers under the age of 30 or full-time tertiary students. |
$0 |
| Standard fees (fees may change) | Amount |
|---|---|
| Online Banking withdrawal (including Mobile Banking) | $0 |
| Telephone Banking withdrawal (self service) | $0 |
| Telephone Banking withdrawal (staff assisted) | $0 |
| Branch staff assisted withdrawal | $0 |
| Direct Debit | $0 |
| Point of Sale (POS) transactions | $0 |
| ATM cash withdrawals in Australia (ATM providers may charge a fee – watch out for that!) | $0 |
| Overdrawn Fee (for more information: Overdraw Preference Feature) | $15 |
| Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement | 15.01% p.a. |
| Overseas Withdrawal Fee from a Global Alliance Partner ATM (for more information on Global Alliance Partners: Accessing your accounts overseas) | $0 |
| Overseas Withdrawal Fee from a non-Global Alliance Partner ATM | $5 |
| Transactions made in foreign currency, and the merchant or financial institution is located outside Australia | 3% of the AUD transaction amount |
| Transactions made in foreign currency, and the merchant or financial institution is located in Australia | 2.2% of the AUD transaction amount |
Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 643KB)
This account doesn't earn interest. If you'd like to earn interest, you can open a savings account at the same time. Find out how
Help when you need it
Options for new arrivals
Things you should know
Westpac Debit Mastercard® Terms and Conditions (PDF 338KB)
Online Banking Terms and Conditions (PDF 633KB)
Find out what information you need to provide to become a customer (PDF 657KB)
Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.
*This claim is based on The Forrester Digital Experience Review™ of 4 Australian mobile banking apps in Q3 2025. Future findings are subject to change. Forrester does not endorse any company or brand, nor their products or services, nor advise anyone to select them based on this review. If you want to learn more, go to the Forrester website.
Protected by the Financial Claims Scheme (FCS): If you have a Westpac deposit account, in certain circumstances you may be entitled to a payment under the FCS. Payments under the FCS are limited for each customer. You can find out more information from the APRA website at www.fcs.gov.au.
PayID® is a registered trademark of NPP Australia Limited and any use of its marks by Westpac is under license.
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Westpac's retail deposit taking banking operations do not extend to other countries except where licenced to do so. This information is intended for individuals planning to migrate to Australia and Westpac is not soliciting retail deposits under foreign schemes. Deposits will be taken after you move to Australia and under the supervision of Australian regulators, not those of your current country of residence.