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Westpac Choice – for migrants

Moving to Australia? Westpac makes it easy to start a new life in Australia with almost 200 years experience.

Applications for new accounts are temporarily suspended for people outside of Australia due to travel restrictions triggered by COVID-19.

People from all around the world can feel comfortable moving to Australia with a banking plan already in place. Westpac lets you open your bank account and savings account before you arrive.

Transfer your funds into the account before you arrive and start paying your Australian bills. Plus, as part of the Westpac Global ATM alliance, it could be easy to make trips back home.

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Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameWestpac Choice – for migrants
Monthly account fee$5
Card accessMastercard
Own network ATM fee$0
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsApple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

To be eligible for this account, you need to be arriving in Australia within the next 12 months.

Key features

$0 Monthly service fee for the first year, then a $5 monthly fee applies

For the first year after opening their everyday banking account, migrants and immigrants will not be charged a monthly service fee. After that time a $5 monthly fee will be charged to your account. Full time tertiary students can take advantage of no monthly fee for the entire duration of their studies in Australia.

Unlimited transactions

You will not be charged any fee for the following transaction methods: phone and online banking, POS transactions, ATM withdrawals, direct debits, cheque withdrawals, branch withdrawals and periodic payments.

How to apply

Future expats and migrants to Australia who find that this account meets their financial needs can open an account as early as one year before their arrival.


Before you click "Go to Site" to begin the online application you should note that there are eligibility requirements that must be met:

  • Residency requirement. You must be arriving to live in Australia within 1 year of applying for this account.
  • Depository requirements. While no opening deposit is required, you will have to make at least one deposit within the first six months after the account has been activated.

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  1. Default Gravatar
    February 29, 2016


    I would like to know how to open an bank account in Australia while living overseas. I am an Australian citizen. I don’t plan to be coming to Australia in the near future. Though would like to deposit and access the account whilst I’m overseas.

    Thank you.

    • Avatarfinder Customer Care
      February 29, 2016

      Hi Yoda,

      Thanks for your question.

      If you can verify your identity online using your Australian ID then you can open most accounts.

      Please note, if you can’t verify your ID, or if you’re a new customer, most banks in Australia require that you visit their branches to complete this step.

      Alternatively, you can speak to a bank that has ties to an Australian bank to open an account.

      Hope this helps.

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