Westpac Choice

Westpac
Headline interest rate
-
Monthly fee
-
Account type
Transaction

Moneybuddy says

An everyday banking solution from Westpac with a quite high $5 monthly fee but allowing unlimited transactions across all mediums for your money. The service fee also gets waived if you go above a $3000 balance, which is a fairly nice touch but probably benefits those that need it least. A reliable everyday banking account "choice".

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate -

Monthly fee -

Account type Transaction

The cool stuff: features

ATM access Yes

EFTPOS access Yes

Branch access Yes

Internet Banking Yes

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Westpac says

An everyday transaction account offering the flexibility of banking any way that suits you, including at the branch.

$5 flat monthly account service fee, Unlimited Westpac transactions across branch, ATM, EFTPOS, Telephone and Internet Banking

Features and Benefits

Paperless estatements as standard (paper statements available on request), Monthly account service fee waived if your minimum balance is $3,000, Convenient ATM and EFTPOS access with Debit MasterCard enabling you to make purchases overseas, online and over the phone at 26 million locations worldwide

If you're not eligible for a Debit MasterCard, you will be offered a Handycard to access your account. To be eligible for Debit MasterCard you must be over 18 and an Australian citizen or permanent resident of Australia.

Access Options

Branch, Internet Banking, Telephone Banking, Cheque, ATM, EFTPOS

Pros

  • Monthly fee waived if balance is over $3000
  • Unlimited transactions across all mediums (for $5 per month)

Cons

  • Fee waiving benefit may not affect those that need it most

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