A kid's savings and a youth everyday account
Learn to budget and spend wisely with a Westpac Choice Youth everyday account. Then master savings with a Bump savings account. Open both accounts and check out our $50 cashback offer.
Interest rates
On your Bump savings account earn up to:
4.30% P.A. Total variable interest rate |
1.75% P.A. Standard variable base rate |
The total variable interest rate is a combination of:
| Standard variable base rate (when no standard variable bonus rate applies) | 1.75% p.a. |
| Standard variable bonus rate | 2.55% p.a. |
| Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. | |
To earn bonus interest on a Westpac Bump account over the month:
- Keep your account balance above $0 at all times
- Make a deposit into the account. Interest paid into the account doesn’t count
- Your balance must be higher at the end of the month than at the beginning.
A month is from the end of the last business day of the previous month to the end of the last business day of the current month. By the end of the business day, we mean 11:59pm on any weekday, excluding weekends and national public holidays.
After 11:59 pm on the last business day of the month. If you make transactions before this time, it might change whether you get the bonus interest.
Get the best of both worlds when you spend and save
No monthly fees
$0 monthly fees on both your Bump and Choice Youth accounts, but other fees might apply.
Rewards for saving
Put money in your Bump savings account every month and you could earn bonus interest.
Track your spending
Bank easily using your phone, tracking savings and spending in the Westpac App.
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Offers and discounts
We’ve partnered with major brands to help you save. Think movie tickets, fashion and more.
UNDER 18? YOU COULD GET $50 ON US
Deposit $100 into your Bump account
Get $50 on us to boost your balance
Manage your money with a debit card
If you’re at least 8 years old, you can link a Debit Mastercard to your Westpac Choice Youth account. It’ll help give a kick-start to your money skills with kid-friendly features to help keep your money safe and secure.
For kids 14 and older, the debit card is automatically linked when the account is opened. For kids aged 8-13, a parent or guardian needs to order their card separately.
Voted Canstar's Outstanding Value Junior & Youth Banking 2024/2025
To receive Parental notifications, Parental Controls will need to be activated on your account.
How do I open a kids savings and everyday account?
You can open both accounts online now. As the account holder you can choose to give your parent or guardian access to your account with the Parental Control function.
To have Parental Control, a parent, grandparent, or guardian must be an account signatory. As the account holder, the child must also be registered for:
- Westpac Online Banking
- Westpac Telephone Banking
to access their account online or over the phone.
Self-service Telephone Banking is not available and Parental Control is mandatory for children:
- Under 12 for a Bump savings account
- Under 14 for a Choice Youth everyday account.
Parental Control is optional for older children. Access levels can be changed in-branch by the child at any time.
Parental Control doesn't 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 isn't available.
Your personal details:
- Name and date of birth
- Australian home address
- Mobile number
Two forms of ID:
- Australian birth certificate
- Australian driver licence
- Passport
- Medicare card
You’ll need a parent or guardian to open your accounts with you. A mandatory Parental Control function gives your parent or guardian control of your accounts as follows:
- Under 14 (Choice Youth account)
- Under 12 (Bump savings account).
To have Parental Control, a parent, grandparent, or guardian must be an account signatory. As the account holder, the child must also be registered for:
- Westpac Online Banking
- Westpac Telephone Banking
to access their account online or over the phone.
Self-service Telephone Banking is not available and Parental Control is mandatory for children:
- Under 12 for a Bump savings account
- Under 14 for a Choice Youth everyday account.
Parental Control is optional for older children. Access levels can be changed in-branch by the child at any time.
Parental Control doesn't 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 isn't available.
Your personal details:
- Name and date of birth
- Australian home address
- Mobile number
Two forms of ID:
- Australian birth certificate
- Passport
- Medicare card
To open the account online now:
Your parent/guardian must be at least 18 and a Westpac customer.
If they’re not a customer, they could open a Westpac Choice transaction account online before opening your account. Otherwise, to open your account, they’ll need to head into a Westpac branch.
As the parent or guardian to a:
Child under 14
You'll need to open the accounts for your child. Please follow the process outlined under the 'I'm under 14' tab. Accounts for children under 14 can be opened online if a parent or guardian is at least 18 and a Westpac customer. Otherwise, the account will need to be opened at a branch.
NOTE: If you choose to open an account for a child under 14 at a branch, the child doesn’t have to attend in person.
Child aged 14 – 17
The child can open the account themselves. Please follow the process outlined under the 'I'm 14-17' tab. A child aged 14-17 can open their accounts online or at a branch.
NOTE: If a child aged 14-17 chooses to open their account at a branch, they must attend in person.
Smart Budgeting and savings tools
LAYERS OF SCAM AND FRAUD PROTECTION
Account fees
| Standard fees (fees may change) | Amount |
|---|---|
| Account-keeping fee (monthly) | $0 |
| Online Banking withdrawal (including Mobile Banking) | $0 |
| Telephone Banking withdrawal (self service) | $0 |
| Telephone Banking withdrawal (staff assisted) | $0 |
| Branch staff assisted withdrawal | $0 |
| Overdrawn Fee | N/A |
Money can be withdrawn from a Bump savings account by:
- Online transfer to a Westpac everyday account. Fees and charges may apply on a Westpac everyday account. The account can be held in the name of the child or a parent signatory. Transfers made by the child are subject to any Parental Controls.
- Visiting a branch.
There are no fees for these withdrawals.
Other fees may be charged for banking services.
- Direct debits
- Periodical payments
- BPAY®
- Pay Anyone
- Cheque withdrawals
- ATM transactions
- Telephone Banking for a parent signatory
- Self-service Telephone Banking for children under 12.
| Standard fees (fees may change) | Amount |
|---|---|
| Account-Keeping Fee (usually $5) is waived for under 30s | $0 |
| 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 (for more information: Overdraw Preference Feature) | $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 (for more information on Global Alliance Partners: Accessing your accounts overseas) | $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 643KB)
Frequently asked questions
Bonus interest is payable each month that you:
- Make a deposit to the account;
- Ensure your account balance is higher at the end than the beginning; and
- Keep your account balance above $0 at all times.
If you don’t meet the criteria for the bonus interest each month, you’ll still earn the standard variable base interest rate.
We define a month as: from the end of the last business day of the previous month to the end of the last business day of the current month. By the end of the business day, we mean 11:59pm on any weekday, excluding weekends and national public holidays.
Bonus interest is calculated: after 11:59 pm on the last business day of the month. If you make transactions before this time, it might change whether you get the bonus interest.
Interest is paid to your account on the last business day of each month. Balances, including deposits made on or after the last business day of the month:
- Won't count towards that month's interest
- Will count for the next month's interest.
If you're under 14: we’ll need a parent or guardian to open and manage your account. Your parent or guardian will be set up as a signatory. This means they can act on your behalf at a branch and in Online Banking.
If you're 14 years or over: and would like a parent or guardian to have access to your accounts, please visit one of our branches and we can help you with the following:
- Signatory access: Branch and online access to account
- Third party access: visibility of account online.
If you're 8 years or over, you can order a Debit Mastercard to link to your Westpac Choice account.
Once you receive your debit card, follow the activation steps to activate it in Online Banking or the Westpac App.
Are you under 14? As the cardholder, sign into the Westpac App or Online Banking using your customer ID and password. A parent or guardian can then help you follow the card activation steps.
When you turn 14:
- You don’t need to have a parent or guardian as a signatory on your account anymore.
- You can remove them using the Westpac App by searching Manage account access. You can also visit a branch or call us.
- Once you remove your parent or guardian from your account, you’ll need to visit a branch to give them access again.
- You’ll be able to transfer money, make BPAY® or international payments in Online Banking or the Westpac App.
You may like to talk with your parents or guardian before you do any of these things.
When you turn 18, your Bump account automatically becomes a Westpac Life account. If you have a signatory on your account (such as your parents or guardians) they’ll be removed and your new Life account will be all your own. You don’t need to do a thing. The switch between accounts will happen automatically.
A Life account is like a grown-up version of your Bump account. It has all the same good things such as no account fees, personalised savings goals and a mobile app – plus an extra Spend&Save feature to help boost your savings.
Notifications are designed to help keep your money safe by letting trusted people know if your account is being used. So, it’s best to chat with those people first, before making any changes.
If you’d like to stop third parties receiving notifications:
- If you’re 12 or older: you can do this in Online Banking on a PC or laptop
- If you’re under 12: you can do so by visiting any Westpac branch.
A signatory is someone, such as a parent, grandparent, or guardian, who can operate your account in branch. If you’re under 14, you’ll need to have a signatory on your account. They can help you look after your banking.
A third party is someone who has been given value access to your account in Online Banking. This person can see your account in their own Online Banking. Depending on their permission level, they can either:
View the account only – just look at your account activity
OR
View and transact with the account – pay for things or transfer money.
A third party may or may not be the same person as a signatory.
Access can be set up when an account is opened, or it can be added in branch.
Help when you need it
Things you should know
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.
*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.
Protected by the Financial Claims Scheme (FCS): If you have a Westpac deposit account, in certain circumstances you may be entitled to a payment under the FCS. Payments under the FCS are limited for each customer. You can find out more information from the APRA website at www.fcs.gov.au.
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. 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.
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.
BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
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