Compare everyday bank accounts
Our everyday bank account comparison table makes selecting the most appropriate bank account that much easier. You can easily compare features across our range of accounts to decide which account could work best for you.
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Features Monthly service fee |
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$5.00 |
$5.00 (waived) |
NIL |
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Minimum monthly deposit to waive monthly service fee |
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$2,0004 |
N/A |
N/A |
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Minimum monthly balance to waive monthly service fee |
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N/A |
N/A |
N/A |
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Free transactions (per month)* |
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Unlimited transactions |
Unlimited transactions |
8 free withdrawals5 |
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Free Telephone Banking enquiries (per month) |
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Unlimited enquiries |
Unlimited enquiries |
12 |
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Interest rates $0 to $2,000 |
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N/A |
N/A |
0.25% |
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$2,000 to $41,000 |
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N/A |
N/A |
1.00% |
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$41,000+ |
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N/A |
N/A |
2.00% |
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Excess transaction fees Online Banking withdrawal or direct debit |
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NIL |
NIL |
$0.25 |
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Telephone banking electronic withdrawal |
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NIL |
NIL |
$0.40 |
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EFTPOS |
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NIL |
NIL |
$0.60 |
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Westpac/St.George/BankSA branded ATMs withdrawal |
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NIL |
NIL |
$0.60 |
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Cheques written |
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NIL |
N/A |
$1.00 |
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Branch staff assisted withdrawal |
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N/A |
NIL |
$0.6012 |
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Additional fees
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NIL |
NIL |
NIL |
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Overseas ATM cash withdrawal7 |
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$5 |
$5 |
$5 |
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Overseas ATM balance enquiry |
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NIL |
NIL |
NIL |
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Westpac foreign transaction fee |
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Refer to footnote 8 |
Refer to footnote 8 |
Refer to footnote 8 |
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Dishonour of cheques written or direct debits |
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$5 |
NIL |
$5 |
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Periodical payment not made fee |
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$5 |
NIL |
$5 |
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Account overdrawn fee |
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$15 |
NIL |
$15 |
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Accessing your money |
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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 |
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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. This is based on when we process the withdrawal to your account, which may be after you make the withdrawal.
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.
11. Staff assisted withdrawals for people with a disability are not charged on Choice eAccount.
12. Staff assisted withdrawals for people with a disability are charged $0.60 for each withdrawal in excess of the free withdrawal allowance on the Westpac 55+ and Retired 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.