In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Westpac Choice Transaction Account

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Westpac Choice
Fee Free Deposit
$2,000
Account keeping fee
$5
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$5

Our verdict

Enjoy fee-free withdrawals at thousands of ATMs globally and make payments with your Westpac Digital Card available via the Westpac App on your phone or wearable device.

The Westpac Choice bank account has a monthly account keeping fee of $5, however this is waived if you’re under 30 or a full time student. You’ll also get the account fee waived if you deposit $2,000 a month. If you’re concerned about meeting this deposit requirement, there are lots of other everyday accounts with no monthly fee and no deposit conditions to meet.

For those of you who love to travel, Westpac is part of the Global ATM Alliance which is one of the largest ATM networks internationally. This means you can make withdrawals at thousands of ATMs worldwide without being charged a fee by Westpac (although the ATM operator may charge its own fee). There is, however, a 3% international transaction fee applied to card purchases made in a currency besides AUD. While you can avoid this fee with a select number of debit cards, it is fairly standard across most of the major banks to charge this.

One unique feature of this account is the ability to set up a Westpac Digital Card within the Westpac App which can be used exactly like a digital version of your debit card. You can use this online and in stores without needing your physical debit card, and it's available instantly after opening your account.

If you’ve got a Rocket Repay home loan with Westpac, you can use the Choice account as an offset account to reduce the amount of interest you need to pay on our loan. The account can also be opened as a joint account, and both account holders will get their own debit MasterCard linked to the account, which is handy if you regularly need to split expenses with a partner or roommate.

Pros

  • No ATM fees when using St.George / Westpac / BankSA / Bank of Melbourne ATMs in Australia
  • Access thousands of ATMs globally with no fee by Westpac
  • No monthly account keeping fees for students and under 30s
  • Instant access to a Westpac Digital Card in the Westpac App

Cons

  • Must deposit $2,000 to get no monthly account keeping fee (unless you meet the waiver criteria)
  • Foreign transaction fees apply

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Westpac Choice
Monthly account fee $5
Card access Mastercard
Own network ATM fee $0
International ATM Fee $5
International transaction fee 3%
Monthly deposit required to waive account fee $2,000
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card

Eligibility

Minimum Age 14
Joint account availability Yes
Minimum opening deposit N/A
Residency status Permanent Australian residents with an Australian address

Key features

Picture not described

$5 monthly account keeping fee waived if you meet the account conditions

If you are able to deposit at least $2,000 a month into your account (for example your salary), the $5 monthly service fee will not be charged to your account.

No account fees for full time students and customers under 30

The account keeping fee is waived for customers under the age of 30, full-time tertiary students, and individuals who hold an Australian Pensioner Concession or Health Care Card. Expatriate and migrant customers will have the fee waived for the first year that the account is open.


How to apply

Eligibility

  • Age requirements. The minimum age you can open this account independently is 14. Children under 14 must have at least one signatory on the account, and are unable to open a joint account.
  • Residency. You must be an Australian resident currently living in Australia with a valid residential address.

Your reviews

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Alison Finder

Editor

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Lap

November 02, 2023

What is the period l have to wait if l have reached my cardless cash withdrawal limit of $1000


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Richard Whitten Finder

November 06, 2023

Please contact Westpac directly with this question, as they can give you a more accurate answer than we can.


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Lincoln

September 09, 2019

Can you purchase online using the handycard?


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Ash

September 10, 2019

Hi Lincoln,


Thank you for contacting Finder.


Unfortunately, you cannot make online purchases using the handycard but you can withdraw cash from Westpac’s ATM machines. Kindly take note that the handycard is being issued to account holders who are 16 years old and below.


I hope this helps.


Please do not hesitate to reach out again to us if you have additional questions.


Cheers,

Ash


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Leon

June 26, 2017

Most of the banks mentioned above don’t charge foreign ATM withdrawal fee when using a Global Alliance ATM. In Germany the Global ATM Alliance partner is Deutsche Bank. Does that mean that I can use only ATM branded Deutsche Bank or also those of their subsidiary Postbank?


Thanks


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Jonathan

June 27, 2017

Hello Leon!


The Westpac Global ATM Alliance page indicates that only Deutsche Bank is connected in Germany.


You may want to verify this with Westpac directly.


Hope this helps.


Cheers,

Jonathan


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Kelly

May 25, 2017

I am planning to travel to Melbourne for holidays about 2 months . I am worry to carry cash on hand . I wanna know which is the best bank me as a foreigners should choose to avoid the fees and charges on basic daily transactions ( cash withdrawal , money transfer ) . Or which bank provide the lesser charge on those transaction ?


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Jhezelyn Andoy Finder

May 28, 2017

Hi Kelly,


Thanks for your question.


As a foreigner in Australia, there are actually everyday transaction accounts that are available for you. You can open or apply for an account when you arrive. You can find on this page – https://www.finder.com.au/foreigners-open-a-bank-account-in-australia what are these banks and the guide on how you can apply.


Please click on the name of the transaction account you are interested in to know more about the features of the account including fees and rates.


Regards,

Jhezelyn


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Sarberz

November 17, 2016

I am about to leave on a four month tour of Europe and the United Kingdom and was wondering which of the debit cards would be best to use for cash withdrawals and card payments.


I was looking at Citibank on this site but they have no branch atms in Western Europe and only three in United Kingdom.


They may still be the best but I am a bit confused on which one to choose.


Thanks


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May Finder

November 17, 2016

Hi Sarberz,


Thank you for your inquiry. As Finder is a comparative financial service, we’re unable to suggest or recommend one specific travel money card to our users as the best option depends ultimately on your own financial situation, travel plans, and spending habits.


Nonetheless, you may compare your travel money card options. To check the fees and rates of the card, simply click on the name of the card so that you’d be redirected to its review page.


As for the Citibank travel card, if you’re referring to the Citibank Plus Transaction account, it has actually no fees for foreign transactions or ATM withdrawals. Although you’ll be charged third-party ATM operator fees, which Citibank does not have control.


Hope this has helped.


Cheers,

May


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