Accounts for kids, teens & students

Start learning good money habits early with our everyday spending and savings accounts for under 30s and students.

Kids

0-11yrs

Help kids learn good money habits with our Bump Savings account. Your child can also get rewarded with bonus interest1 for regular saving and you can stay on track together with adjustable parental control2.
 

High school starters

12-13yrs

Start saving with a Bump Savings account with Savings Goals3 and get rewarded with bonus interest1 each month your balance grows. You can also shop and get cash out with our Westpac Choice bank account4 that comes with a Handycard5.
 

Teenagers

14-17yrs

Starting a part-time job? Learn to manage your income and spending with an everyday account4 and master your savings with a Bump Savings account. Get rewarded for saving with bonus interest1 and add up to six savings goals3.
 

Young adults

18-30yrs

Whether you’re studying, in a gap year or starting work, we have an everyday account4 that can help you track and manage your money and a savings account with Savings Goals3 that can reward you with bonus interest1.
 

Students

18+yrs

Manage your money and bills with ease from your Westpac Choice bank4 account with a linked Debit Mastercard5. You can also get rewarded for growing your savings with a Westpac Life savings account with bonus interest1.
 

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 1007KB)

Westpac Debit Mastercard® Terms and Conditions (PDF 3MB)

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

Online Banking Terms and Conditions (PDF 277KB)

Find out what information you need to provide to become a customer (PDF 657KB)

 

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, grandparents, or guardians must be an account signatory to have Parental Control. There is a limit of two signatories per Bump Savings account. Child must be registered for Westpac Online Banking and Westpac Telephone Banking to access accounts online or over the phone.  For children under 12 years of age: Parental Control is mandatory, and self-service Telephone Banking is not available.  For children aged 12 years and over: Parental Control is optional and access levels can be amended by the child at any time. Parental Control does not apply to a child’s access to funds in branch, however a signatory must authorise branch withdrawals where a child is under 14 and a debit card is not available.
 

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. Westpac everyday account: To open a Westpac Life account, customers must hold a Westpac everyday account in the same name and be registered for Online and Phone Banking.  Fees and charges may apply on the everyday account. For Westpac Bump Savings account, this can be in the name of the child or a parent signatory. Transfers made by the child are subject to any Parental Controls.

5. Debit Mastercard: You 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.
 

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