Kids, teens, young adults and students

We have a range of savings and everyday bank accounts designed with the needs of kids, teens, young adults and students in mind.

Bank accounts for...

Help your kids learn good savings habits with our Bump Savings account. You can open an account for your child online and keep an eye on their savings progress within your own Westpac Online Banking.

Bump Savings account

An account designed to help kids kick start their savings.


Why open a Bump Savings account?

  • Your child can earn a competitive base interest rate plus bonus interest each month their balance grows1
  • There are no transaction or monthly service fees
  • The Parental Control feature2 lets you keep an eye on your child’s account from your own Online Banking profile3
  • Teach your child the importance of saving from a young age.
Open an account

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Want to keep an eye on your kid’s saving progress?

If you’re a parent, the Parental Control feature lets you choose how much account access you’d like your child to have3. You can also keep tabs on their savings progress using your own Westpac Online Banking2.

Build your financial independence with an everyday account and a savings account. Our everyday Choice account includes a Handycard you can use for shopping and getting cash out and our Bump Savings account rewards you with bonus interest each month your balance grows1.

Bank accounts for young teens/12-15 years

Westpac Choice

Your first everyday bank account with your own Handycard

  • Your very own Handycard – use it to go shopping or get money out from an ATM
  • Our award winning mobile banking app so you're never more than a tap or two from your money 5
  • $0 monthly service fee until you’re at least 21.
  • Special offer: Get $50 on us!
    Conditions apply #


 

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Bump Savings account

Start your own savings journey with our Bump account and help develop good savings habits for the future

Why open a Bump Savings account?

  • Earn a competitive base interest rate plus bonus interest each month your balance grows 1
  • Use the Savings Goals feature to set up your own savings goals and track your progress 6
  • If you want, you can open a Westpac Choice account during the same application as your Bump Savings account.


 

Open now Find out more

Want to keep an eye on your kid’s saving progress?

If you’re a parent, the Parental Control feature lets you choose how much account access you’d like your child to have3. You can also keep tabs on their savings progress using your own Westpac Online Banking2.

Choose from accounts that offer different ways to access your money and accounts designed for saving that can help you develop good money habits and build your financial independence.

Bank accounts for older teens/16-17 years

Westpac Choice

Turning 16 means a lot of firsts. A Westpac everyday account gives you:

  • The financial freedom you need with your first Debit Mastercard ®. You can use it to shop online, in stores or to get cash out at ATMs 4
  • $0 monthly service fee until you’re at least 21
  • A free Westpac PayWear Essentials wearable so you can tap and go anywhere, anytime. You can also use Google Pay ™ or Samsung Pay ™ with your phone
  • Our award winning mobile banking app so you're never more than a tap or two from your money 5.
  • Special offer: Get $50 on us!
    Conditions apply #


 

Open now Find out more

Bump Savings account

Choose an account that can reward you with bonus interest and help you develop good savings habits

Why open a Bump Savings account?

  • Earn a competitive base interest rate plus bonus interest each month your balance grows 1
  • Use the Savings Goals feature to set up your own savings goals and track your progress (you can also have more than one goal within the one account) 6
  • If you want, you can open a Westpac Choice account during the same application as your Bump Savings account.


 

Open now Find out more

Want to keep an eye on your kid’s saving progress?

If you’re a parent, the Parental Control feature lets you choose how much account access you’d like your child to have3. You can also keep tabs on their savings progress using your own Westpac Online Banking2.

Whether you’re studying or starting work, we have an everyday account that can help you track and manage your money and a savings account that can reward you with bonus interest.

Bank accounts for young adults or full-time students/18+

Westpac Choice

Our everyday bank account with a Debit Mastercard® helps you:

  • Stay in control of your money with our award winning mobile banking app,  including great features such as instant card on hold 7
  • Pay no ATM withdrawal fee at over 10,000 Australian ATMs as well as at over 50,000 ATMs globally via the Global ATM Alliance 10, Other fees may apply
  • $0 Monthly service fee while you’re under 21, an apprentice or a full time student (other fees may apply).
  • Special offer: Get $50 on us!
    Conditions apply #


 

Open now Find out more

Westpac Life

A flexible savings account with bonus interest for regular savers that supports both long and short term savings goals.

Westpac Life is great if you want to:

  • Track and manage different savings goals within the one account 6
  • Earn a competitive base interest rate 1
  • Be rewarded with bonus interest when your balance has grown by the end of the month, even if you’ve made a withdrawal
  • Have easy access to your money online through your Westpac everyday account.


 

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Westpac Choice

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Things you should know

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

Westpac Emergency Cash and Westpac Get Cash Terms and Conditions (PDF 133KB)

Online Banking Terms and Conditions (PDF 303KB)
 

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.
 

1.      Bonus interest: payable each month that you: make a deposit to the account, ensure the account balance is higher at the end than the beginning of the month, and keep the account balance above $0. For bonus interest qualification, a month is the period from close of business on the last business day of the prior month to close of business on the last business day of the current month.

2.      Parental Control: parents or guardians must be an account signatory to have Parental Control. There’s a limit of two signatories per Bump Savings account. Parental Control does not apply to a child’s access to funds in branch, however a parent (or guardian) signatory must authorise branch withdrawals where a child is under 12. Child must be registered for Westpac Online Banking and Westpac Telephone Banking to access accounts online or over the phone.  For children aged 12 years and over: Parental Control is optional and access levels can be amended by the child at any time. For children under 12 years of age: Parental Control is mandatory, and self service Telephone Banking is not available. 

3.      Parent signatories: parent or guardian must be an account signatory to view the account. There’s a limit of two signatories per Bump Savings account.

4.       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.

5.      Mobile Banking. Our mobile banking app was rated among the best in the world in 2017 by Forrester Research (Global Mobile Banking Functionality Benchmark)

6.      Savings Goals: Both an account holder and an account signatory (where applicable) can use the Savings Goals feature, including to view, add, edit and delete the savings goals on a Bump Savings or Westpac Life account.

7.      Card on hold: Available on personal credit and Mastercard debit cards only. Cards to which a temporary lock can be applied will be listed when you sign in to Mobile Banking or Online Banking and visit Lock a card temporarily under Cards services.

8.      Cardless cash: is available on eligible Westpac transaction accounts with a linked debit card. Get 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 to use Westpac Mobile Banking on Apple Watch you’ll need to pair your Apple Watch with an iPhone 5 or above with iOS 8.2 or above. You’ll also need the Westpac Mobile Banking app (version 6.1 or above) installed on your iPhone.

9.      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.

10.   Global ATM: 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. Excludes American Express® cards. 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.



# $50 Offer: Excludes customers who hold or have held a Westpac Choice account at any time. You must be under 21, studying full-time or new to Australia (i.e. identify with a non-Australian ID and arrived in the last 12 months) to be eligible for the offer. To receive $50 credited to an everyday account, customers need to open a Choice account online or in an Australian Westpac branch between 18/01/19 and 27/02/19 (inclusive); deposit a minimum of $500 into their everyday account; AND make at least 5 eligible purchases with a Westpac debit card within 30 days of account opening. Eligible purchases include in-store purchases, online purchases, regular card payments, PayPass, and Google Pay transactions. Offer excludes ATM withdrawals as these are not eligible purchases.  Customers will receive $50 deposited into their account within 45 days of account opening following identification verification. Offer limited to one $50 deposit per customer. Where a joint account is opened, if one of the joint account holders has already received their $50 deposit in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account.


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