Graduate Pac

Congratulations on finishing your tertiary study and graduating! Graduates and qualified NZ apprentices (aka tertiary veterans) need something a little more when it comes to banking compared to the average student, that’s where the Graduate Pac steps in. This Pac is designed to help you transition from your life as a student or apprentice to the exciting world of full-time employment and everything it brings.

Graduate Pac

To switch to the Graduate Pac, you just need to be a New Zealand resident and have completed your apprenticeship or tertiary course within the last 12 months.

You can be on the Graduate Pac for one year, once your study or apprenticeship is completed. After that we’ll be in touch and move you onto an Electronic Account, which is also fee free for electronic transactions.

What’s included?

An Airpoints™ Debit MasterCard®
Or
A Debit MasterCard®
  • a debit card allows you to make purchases online, over the phone or overseas
  • an Airpoints Debit MasterCard also earns you Airpoints Dollars ™ on everyday spending
  • linked to your Easy Access Account
  • with no Annual fee for one year.
A Graduate Easy Access Account
  • your day to day transactional account.
  • with no monthly account maintenance or electronic transaction fees
  • note : service fees may apply. You will need to credit your income to your Easy Access
    account every month.
A Westpac PayTag®
  • for contactless purchases under $80 – attach it to your phone so you don’t need to take your wallet
  • first Westpac PayTag issued free.

Optional extras:

CashNav – our new money management tool

Set up online banking and then download CashNav from the App or Google Play Stores to track and manage your spending. Find out more

You could also apply for:

  • an Online Savings account
  • the Westpac KiwiSaver Scheme
  • an interest free Overdraft up to $2,000, with no establishment fee and a reduced monthly line of credit charge
  • an Airpoints™, Low Rate or hotpoints® credit card with the first annual fee waived
    • an Airpoints credit card can help you boost your Airpoints Dollar™ balance
  • Westpac Renters’ Contents Insurance and/or Vehicle Cover, and
  • a Personal Loan at a special interest rate and a reduced establishment fee.

 

With the Graduate Pac you won’t get charged for:

  • Westpac ATM transaction fees
  • EFTPOS transaction fees
  • your annual Debit MasterCard fee for one year
  • Westpac online banking transfers and bill payments on your Graduate Easy Access Account
  • setting up automatic payments on your Graduate Easy Access Account in online banking, in branch or over the phone, or amending automatic payments in online banking
  • the first five calls with phone banking each month
  • text and email alerts you receive from Westpac
  • your first annual fee on your new Westpac credit card (if you apply for and receive one)
  • monthly account maintenance, as well as electronic and manual transactions on your Graduate Easy Access Account
  • the establishment fee for your graduate overdraft (if you apply for one and are approved).

Charges for Graduate Pac

You will be charged for:

  • Phone Banking: 50c per call after the first five calls per month
  • using another bank's ATM: $1 per transaction
  • graduate overdraft facility (if you apply for one and are approved): $3 minimum monthly line of credit charge 
  • unarranged overdraft: $15 per month plus debit interest. This is charged if you go overdrawn without an approved overdraft limit.
Graduate Pac fees

Graduate Pac Fees and Charges
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. The term 'free' refers to Westpac fees only.
Fee typeFee amount
Monthly Account Maintenance Fee Waived
Electronic transactions
EFTPOS, Westpac ATM transfers/withdrawals, automatic payments, direct debit, direct credit, bill payments, online and phone banking payments.
Free 
Manual transactions
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Free 
Airpoints™ Debit MasterCard® annual account fee Waived for the 1st year (normally $15.00)
Debit MasterCard® annual account fee Waived for the 1st year (normally $10.00)
Westpac PayTag® First issuance fee of $4.99 waived
Overdraft Establishment fee Waived (normally $25.00)
Debit interest Interest free to agreed limit
Line of credit charge (LCC) 0.1% per month (min. $3.00 per month)
Credit Card - annual account fee Airpoints™ MasterCard® First year free, normally $55 
hotpoints® MasterCard First year free, normally $44
Low Rate MasterCard First year free, normally $65 ($32.50 charged every 6 months)
Personal Loan Establishment fee $150 (normally $250)
Debit interest Subject to change, check at time of loan application
Phone Banking First 5 calls a month Free
Calls after that 50c each
Email and text alerts
Your mobile service provider's normal text charges apply when you send a text to Westpac.
Email alerts Free
Texts you receive Free

Other service fees may apply. Refer to our Transaction and Service Fees brochure for details. Transaction and service fees are current as at 8 December 2016 and are subject to change.

Apply

Existing Westpac customers

Just give us a call on 0800 400 600 or pop into a branch.

New to Westpac

Give us a call on 0800 400 600 to discuss, or pop into a branch. As you are new to Westpac, you'll need to come into branch with some ID and proof of address. To find out what you'll need, click here

To help save you time, you could fill in an application form before you head into branch.