Westpac Choice Student

Westpac Choice Student

Maximum Variable Rate


Account Keeping Fee


Westpac makes it simple for full-time students to handle their finances while taking care of their studies.

  • Internet and phone banking available
  • Monthly fee is waived if you meet deposit requirements
  • Linked Westpac MasterCard

Product details

You’re never far from cash with a student transaction account that gives you free access to one of Australia’s largest ATM networks. Linked with a debit MasterCard, the Westpac Choice Student everyday account makes it easy to make your day-to-day purchases and withdrawals without having to worry about fees. If you are enrolled in tertiary school full-time, than this is a banking account that can help see you through to graduation.

Product Name
Westpac Choice Student
Monthly Account Fee
Debit Card Access
ATM Withdrawal Fee
Interest Rate p.a.
No monthly service fee whilst you are a full time tertiary student

What are the features of the Westpac Choice Student transaction account?

For full-time students, time and money is very valuable and with the Choice Student Account Westpac takes both of those into consideration. See how it compares to other accounts structured for students by looking at the following features:

  • Monthly service fee. The normal $5 monthly fee is waived for full-time tertiary students.
  • Account accessibility. You have around the clock electronic access to the account using Westpac online banking and mobile banking.
  • Cash accessibility. Account holders can withdraw cash for free at over 50,000 ATMs around the world using the linked debit card. The Westpac Global Alliance includes such banking partners as Scotiabank, Bank of America and Deutsche Bank. Other fees, such as currency conversion fees may still apply.
  • Debit MasterCard. The account is linked to a debit MasterCard which further enhances your access to your money by allowing you to make purchases like cash wherever MasterCard is accepted. Applicants under the age of 16 will need to apply for a Handycard to gain ATM access to the account.
  • Global ATM alliance. Westpac has a global ATM alliance so you can save on overseas ATM fees when you travel.
  • Overseas transactions. When you make a foreign transaction or withdrawal a 3.00% foreign transaction fee will be charged to your account. If you make a withdrawal while overseas from an ATM that is not a part of the Global Alliance you will also be charged a $5 fee.
  • Mobile banking. The Westpac mobile app is available for Windows Phone, iPhone and android supported mobile devices. With the app downloaded onto your mobile phone you can take advantage of Get Cash, a feature that allows you to make cash withdrawals of up to $300 daily or a $1,000 a week even when you leave your debit card at home. The app on your mobile phone also allows you to view your balance and recent transactions, transfer money and pay bills.
  • Availability. You must be registered as a full-time student in an Australian tertiary institution in order to be eligible for this account.


  • $0 monthly fee.
  • Online and phone banking is allowed.


  • No interest paid for your money.
  • Overseas ATM fee applies.

How do I apply for the Westpac Choice Student account?

If the Choice Student account has all you need to make it through your university years, you can open an account in five minutes by clicking on “Go to Site”. Westpac does have some eligibility requirements that you must first meet before your application will be considered:

  • Minimum age. This account is structured to meet the needs of Australian students of any age who are currently enrolled full-time in a tertiary school.
  • Residency requirements. You must currently be in Australia and possess an Australian residential address. If you are overseas, there is a separate application process to follow.
  • Depository requirements. Westpac does not set a deposit requirement in order to open this account.

Additionally, you are going to be asked to provide information from certain documentation as you proceed with the application including:

  • Tax file number. You are not obligated to provide Westpac with your tax file number (TFN) or exemption code. This is used primarily for interest earning accounts in order to make sure that any withholding tax on interest earnings is at the appropriate rate for your circumstance.
  • Identification. Westpac is obligated to verify your identity and will ask for your passport, Medicare card or driver’s licence. Also, in order to prove your full-time student status you will also be asked to present your student id.

If Westpac is able to verify your identity online, your new transaction account will be activated in minutes and your debit MasterCard mailed to the address you provided. If not, you may be asked to visit a local branch in order to complete verifying your identity.

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2 Responses to Westpac Choice Student

  1. Default Gravatar
    Oksana | August 29, 2016

    Do you open a USD saving account or it can be only AUD? And if yes what are the fees?
    If no, how can I change USD to AUD as a student in your bank? Or I can open a savings account for this currency (10 000$)?


    • Staff
      Clarizza | August 30, 2016

      Hi Oksana,

      Thanks for your comment. I have responded to you with some information on the NAB Classic Banking page.


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