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 8 June 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 8 June 2026.
Eligibility criteria:
You must:
- Not have held any 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 eSaver. 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 or Westpac Bump or Westpac eSaver account within 60 days of you meeting all Terms and Conditions and eligibility criteria.
- If you open more than one Westpac Life or Westpac Bump or Westpac eSaver 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
- For at least the first year on new accounts for eligible customers (details in the fees section).
- 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).
Why choose Westpac?
Australia's first and largest banking network
Giving you access to more branches and ATMs than any other Australian banking network. As at 30/06/2025. T&Cs apply.
Australia's Best Banking App
Master your money with Australia’s Best Banking App*, three years running.
Promoting anti-scam innovation
Finding better ways to keep you safe from scams. Protect your money with Dynamic CVC, Westpac Verify, SaferPay and more.
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® you may be able to use the digital version in the Westpac App.
Fast, secure payments
Make payments online and in-store with your Debit Card that has a CVC that updates every 24 hours.
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.
Save time, apply online
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:
|
$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 | $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 | $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 749KB)
This account doesn't earn interest.
Safe and secure banking
- Online Banking Security Guarantee: Online Banking Security Guarantee: If your Westpac account is compromised by online banking fraud, we promise to return any missing funds. This guarantee only applies if you’ve followed our Online Banking Terms and Conditions (PDF 745KB). This includes: 1. Keeping your sign-in details, including passwords or Westpac Protect™ Security codes, private, 2. Not contributing to the loss, and 3. Telling us right away if you think there’s an unauthorised transaction or fraud on your account.
- Westpac Protect™ Security Code: Keep your Online Banking safe with a Security Code when using the Westpac App or your Online Banking service. This Security Code confirms that it's you transacting or making changes to your profile.
- Fraud Money Back Guarantee: Shop securely using your Debit Mastercard or Credit Card, backed by 24/7 fraud monitoring and our Fraud Money Back Guarantee. Westpac promises to return any missing funds to you if you've not contributed to the loss and contact Westpac right away. Check your card’s terms and conditions for full details.
- Card Lock: Can’t find your card? Sign into the Westpac App or Online Banking and select 'Lock a card temporarily' under Cards services on your eligible personal credit or debit card. You can search for your card knowing that your account is safe. Then, if you can’t find it, report it lost or stolen.
Things you should know
Westpac Debit Mastercard® Terms and Conditions (PDF 401KB)
Online Banking Terms and Conditions (PDF 745KB)
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.
Australia's first and largest banking network: As at 30 June 2025, based on number of Westpac Group branches & ATMs, and atmx & Precinct ATMs that funds from Westpac Australia accounts can be accessed.
*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.
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Westpac is neither undertaking any banking business in India nor is Westpac soliciting foreign currency deposits under any scheme in India. This information is intended for individuals planning to migrate to Australia.