Compare everyday bank accounts

Westpac Choice	Westpac Choice - Concession Holders1	Westpac 55+ and Retired account 1
Open now Open now	Find out more	Open now
Features Monthly service fee
$5.00	$5.00 (waived)	NIL
Minimum monthly deposit to waive monthly service fee
$2,000⁴	N/A	N/A
Minimum monthly balance to waive monthly service fee
N/A	N/A	N/A
Free transactions (per month)*
Unlimited transactions	Unlimited transactions	Unlimited transactions
Free Telephone Banking enquiries (per month)
Unlimited enquiries	Unlimited enquiries	Unlimited enquiries
Interest rates Balances from $0 to less than $9,999
N/A	N/A	0.05% p.a.
On the part of the balance from $9,999 to less than $49,999
N/A	N/A	0.05% p.a.
On the part of the balance from $49,999 to less than $249,999
N/A	N/A	0.35% p.a.
On the part of the balance from $249,999 and over
N/A	N/A	0.55% p.a.
Excess transaction fees Online Banking withdrawal or direct debit
NIL	NIL	NIL
Telephone banking electronic withdrawal
NIL	NIL	NIL
EFTPOS
NIL	NIL	NIL
Westpac/St.George/BankSA branded ATMs withdrawal
NIL	NIL	NIL
Cheques written
NIL	N/A	NIL
Branch staff assisted withdrawal
N/A	NIL	NIL
Additional fees Non-Westpac/St.George/BankSA branded ATM⁶ within Australia (cash withdrawal or balance enquiry)
NIL	NIL	NIL
Overseas ATM cash withdrawal⁷
$5	$5	$5
Overseas ATM balance enquiry
NIL	NIL	NIL
Westpac foreign transaction fee
Refer to footnote 8	Refer to footnote 8	Refer to footnote 8
Dishonour of cheques written or direct debits
$5	NIL	$5
Periodical payment not made fee
$5	NIL	$5
Account overdrawn fee
$15	NIL	$15
Accessing your money
Branch Online Banking Telephone banking ATM EFTPOS Cheque⁹ Debit Mastercard®¹⁰	Branch Online Banking Telephone banking ATM EFTPOS Cheque⁹ Debit Mastercard®¹⁰	Branch Online Banking Telephone banking ATM EFTPOS Cheque⁹ Debit Mastercard®¹⁰

Things you should know

1. Customers may only have one Choice Concession Holders or one Westpac 55+ and Retired account. The interest rates applicable are not related to the Commonwealth Government's deeming rates.

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. N/A

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. f you're ineligible for a Debit Mastercard^®and you're over 12, you will be offered a Handycard to access your 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.