Westpac Choice

Transaction & Savings AccountsData Sharing Status

Our most popular account, Westpac Choice, is a simple-to-use everyday bank account packed with features to help make banking a breeze.

Interest Rates

Type	Rate	Comparison	Applies To
Penalty The ULR is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again.	15.01%	—	—

Type	Rate	Applies To	Interest Paid
Variable Standard Variable Rate	0%	—	monthly

Fee	Type	Amount
Account Keeping Fee Charged monthly −$5.00 — This fee is waived for: Available for new Westpac Choice accounts opened online (for the first 12 months). −$5.00 — This fee is waived for: Deposit at least $2,000 by the close of business on the last business day of the month (other fees apply) −$5.00 — This fee is waived for: Are under the age of 41 −$5.00 — This fee is waived for: Full-time tertiary students −$5.00 — This fee is waived for: Are a Westpac Choice Concession account holder −$5.00 — This fee is waived for: Link your Choice account to your Rocket Repay Home Loan or Rocket Investment Loan as an offset account (for as long as the account is linked). −$5.00 — This fee is waived for: Are new to Australia or expatriate customers (for the first 12 months after opening a new Westpac Choice account)	Ongoing	$5.00
Online Banking Online transfer withdrawals via Online Banking	Withdrawal	$0.00
Westpac Group Branded ATM - Withdrawal Any withdrawal made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM	Withdrawal	$0.00
Westpac Group Branded ATM - Balance Inquiry Any balance Inquiry made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM	Event

$0 monthly and withdrawal fees - No account-keeping fees for the first 12 months. After that fees are waived if you?re under 41, if you deposit $2,000 a month in the account, if you link it as an offset, or if you meet one of our other conditions. (Details in monthly fee section).
Cashback offer — 50.00: You could earn $50 cashback with a new account. If you open a new Westpac Choice everyday account and an eligible savings account between 9 June and 30 September 2026, here's how you could get $50: Spend at least $50 on your debit card within 15 days of opening on eligible purchases. You must not have held any Westpac transaction account or savings account in the last 2 years. Accounts must be in your name only (no joint accounts). Must be 18 years or older. T&Cs apply.
Card access — Use your Debit Mastercard to shop securely online, access cash at ATMs and use PayPass to tap and go on purchases under $100
Additional cards — up to 1
Unlimited transactions
Digital banking: Digital Card Security: It's a digital version of your card available 24/7 in the Westpac App. The 3-digit CVC security number changes daily to ensure your details are kept safe.

Minimum age — 14 years
Residency status — Those with an Australian residential address and who are currently in Australia.
The card must be linked to an eligible Westpac account

Published by Westpac under the Consumer Data Right · Last updated 9 July 2026 · Product ID TrChoice · View on CDR.gov.au