Finty
Westpac

Westpac Choice for migrants

Fee can be waived

A Westpac Choice everyday bank account for people who need to already be in Australia or arriving in the next 14 days to do this.

Written byDavid Boyd
Overseas spending fee
3%
Overseas ATM fee
$5
Digital wallets
Apple, Google, Samsung

Monthly fee

Open account

How to avoid the monthly fee

To waive the $5 Account-Keeping Fee, you must deposit at least $2,000 into your Westpac Choice account by the close of business on the last business day of the month. If you deposit after this time, you will not qualify for the fee waiver for that month and the deposit will instead count towards the following month.

Features

Debit card
Yes
Apple, Google or Samsung Pay
Apple Pay, Google Pay, Samsung Pay
PayID
Yes
Overdraft available
Not listed

Who can open it

Age to open
14 and over

Who it's for

  • You need to already be in Australia or arriving in the next 14 days to apply online; required documents include arrival date (must be within the next 14 days).
  • If you?re overseas but will arrive in Australia within 14 days, set up your account online in advance. You?ll get a Customer ID and Online Banking profile.
  • Verify your ID when you arrive in Australia. You?ll need ID documents, such as your passport to verify your identity at a local branch.

How it compares

Against the other everyday accounts we compare. Typical means the middle half of them.

Monthly fee

$5

Most accounts that say charge none.

Overseas spending fee

3%

Of what you spend in another currency. Typical is 3%.

Overseas ATM fee

$5

Each time you take cash out overseas. Typical is $5.

Pros and cons

Pros

  • PayID. People can pay you with your phone number or email instead of a BSB and account number.
  • Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.

Cons

  • A monthly fee. $5, above the typical None. You can avoid it if you meet the conditions, such as a minimum deposit each month.

Similar accounts

Everyday accounts from other banks with similar fees.