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
  • Teach your child the importance of saving from a young age
Open an account

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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/12-13 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 2
  • Manage your money on the go with the Westpac Mobile Banking App
  • $0 monthly service fee until you’re at least 21


 

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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 3
  • If you want, you can open a Westpac Choice account during the same application as your Bump Savings account


 

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Opening an account when you’re in your teens

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1. Decide what sort of accounts you need

Some accounts are designed to help you manage the money you have for spending, and other accounts are better suited to help with saving. You can get both with this account bundle that includes a Westpac everyday bank account and a Westpac Bump savings account.

Getting paid

If you earn money from a part time job or even get an allowance from your parents, you could arrange to have it paid directly into a Westpac everyday bank account. This can keep your money safe but give you access to it when you need it.


 

Accessing your money

A good everyday bank account should also offer you easy ways of accessing your money when you it. A Westpac everyday bank account also comes with a debit card which you can use to get money out at ATMs and for shopping in stores or online. You can even use it overseas. 


 

Get a helping hand with saving

Getting into good savings habits when you’re young can help set you up with good money skills for life. A Westpac Bump savings account can also give your savings a boost by paying you bonus interest when you grow your savings monthly. You make it easy on yourself by putting your savings on autopilot with an automatic transfer from your everyday bank account to your savings account.

$0 monthly service fee

No monthly service fee on Westpac everyday bank account and Westpac Bump savings account

There may be other fees and charges that apply in some circumstances – you can find out about them in the Terms and Conditions

Westpac everyday and savings accounts come with these benefits:

What you’ll get with your Westpac everyday bank account

Get instant access to a digital debit card that you can add to your phone while you wait for your card to arrive.  You can also get exclusive access to heaps of discounts in our rewards hub with some of Australia’s biggest shops and online stores as well as some of the world’s biggest brands. That means your spending money can go further on entertainment, travel, fashion and more.

 

Get $50 on us!

When you apply online or in branch by 30th June 2020 and deposit $500 and make 5 eligible purchases within 30 days. T&Cs apply.

Making the most of your Westpac Bump savings account

Saving for more than one thing at once? You can set up to 6 savings goals in your Online Banking with just the one account and track them using our app on your phone. You’ll also earn bonus interest each month you grow your balance.

Earn up to 1.30% p.a. variable interest rates

  • 0.55% p.a. standard variable interest rate
  • 0.75% p.a. standard variable bonus rate when you grow your balance every month

Ready to open your bank accounts?

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2. Know what accounts you want? Here’s what you’ll need to do

Open your accounts online and give us your details

It takes less than five minutes to open your accounts online. You’ll need to provide us with some basic details such as your name, age and address when you open your account. 

Provide your ID

So we can keep your money safe, we’ll need to check some of your ID before you can start using your account. The easiest way to do this is to head into a Westpac branch with your ID. This can include the following:

 

  • Australian driver’s licence
  • Passport
  • Australian birth certificate
  • Medicare card

3. Start using your new accounts and debit card

  • Activate your debit card
    Your debit card will arrive in the mail within two weeks. When you get it there will also be instructions on how you can activate your card. (it’s easy to do online and can be done in a couple of minutes)
     
  • Get your savings goals up and running
    You can put your savings on autopilot with up to six different savings goals in your Westpac Bump savings account. You can work out how much you’ll need to save on a regular basis to reach your goal by a set date and set up an automatic transfer. 

Download the Westpac App

Download the app

Android app on Google Play
Open in branch

Got more questions? Head into a Westpac branch with your ID and we can help you open your accounts.

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Ready now? You can open your accounts online in just a few minutes. 

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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

Westpac Choice

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

  • Manage your money on the go with the Westpac Mobile Banking App, including great features such as instant card on hold 4
  • Pay no ATM withdrawal fee at any major bank ATM in Australia and over 50,000 ATMs around the world via the Global ATM Alliance 7 and partner ATMs. (Other fees may apply)
  • $0 Monthly service fee while you’re under 21 (other fees may apply)


 

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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 3
  • 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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Hi, looking for your first job?

Let me help you out. I'm Wendy, Westpac's digital job coach.
 

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Things you should know

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 1MB)

Westpac Debit Mastercard® Terms and Conditions (PDF 298KB)

Westpac Emergency Cash and Westpac Get Cash Terms and Conditions (PDF 91KB)

Online Banking Terms and Conditions (PDF 1MB)

Find out what information you need to provide to become a customer (PDF 768KB)

 

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.


 

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. Debit Mastercard holders need to be at least 14 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.
 

World Mastercard®, Mastercard® and the Mastercard Brand Mark are registered trademarks of, and PayPassTM is a trademark of, Mastercard International Incorporated. 

 

Apple, the Apple logo, iPhone and Apple Watch are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co.

Android, Google Pay and Google Play are trademarks of Google Inc.

Fitbit and the Fitbit logo are trademarks or registered trademarks of Fitbit, Inc. in the U.S. and other countries.

Mastercard, PayPass and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.