Westpac Choice

Headline interest rate p.a.
Monthly fee
Account type

Moneybuddy says

Westpac Choice is an everyday transaction account with no monthly fee as long as you deposit at least $2,000 into the account each month eg your salary. It's usually a $5 monthly fee. You get unlimited free transactions at Westpac branches, Westpac ATMs, EFTPOS as well as phone, online and mobile banking. If you're over 18 and have an Australian residential address you're eligible for a Debit MasterCard.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 0%

Monthly fee $0

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 Yes


GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) -

Balance less than $5k (p.a.) -

Balance less than $25k (p.a.) -

Balance greater than $100k (p.a.) -

Min. balance $0

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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 you deposit at least $2,000 in a month. Convenient ATM and EFTPOS access with Debit MasterCard enabling you to make purchases overseas, online and over the phone at ** 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

Key features

  • No monthly account service fee when you deposit at least $2,000 each month (such as your salary)
  • Convenient access to your money at over 2,900 Westpac, St. George, Bank of Melbourne and BankSA ATMs across Australia
  • Option to shop online with your own money, with a Westpac Debit MasterCard®
  • Bank on the go with Mobile Banking
  • Unlimited transactions at Westpac branches and Westpac ATMs, eftpos, Telephone Banking, Online Banking and Mobile Banking.


  • No monthly fee if more than $2,000 is depsoited each month
  • Unlimited transactions across all mediums
  • Option to get a Debit MasterCard


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

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