Personal bank accounts

Interest rates and fees are current as at 9 December 2016 and are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

Transaction accounts

Revolving credit accounts

 

Electronic Account - Fees
Fee exemptions available for superannuitants and under 19 year olds. Service fees still apply.*
Fee typeFee amount
Account maintenance fee
$3.50 per month
Free if printed statements are stopped via online banking.
Electronic transactions
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction.
Free 
Manual transactions
Cheques, deposits and withdrawals at a branch, Westpac ATM deposits (excluding Smart ATM deposits)
$3 per transaction

 

Access Account - Pay as you go fee option
Fee exemptions available for superannuitants. Service fees still apply.*
Fee typeFee amount
Account maintenance fee


Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. 
Free 
Electronic transactions
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
40c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a Westpac branch
80c per transaction

Access Account - Flat monthly fee option
Fee exemptions available for superannuitants. Service fees still apply.*
Fee typeTotal business less than $25,000Total business $25,000 - $99,999Total business $100,000 or more
Monthly fee
Covers electronic and manual transactions

Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction.
$9.95 per month
$5 per month
Free 

 

Earner Account - Fees
Service fees still apply.
Fee typeAverage monthly balance less than $5,000Average monthly balance of $5,000 or more
Account maintenance fee
$9.95 per month
Free 
Electronic transactions
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. 
40c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a Westpac branch
80c per transaction

 

Tertiary Easy Access Account (Tertiary Pac) - Fees
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.
Please note a cheque book is not available on the Tertiary Easy Access Account.
Fee typeFee amount
Monthly Account Maintenance Fee*
(Tertiary Easy Access Account and Tertiary Save & Win account)
Free
Electronic transactions*
EFTPOS, Westpac ATM transfers/withdrawals, automatic payments, direct debit, direct credit, bill payments, online and phone banking payments.
Note: Electronic withdrawals from the Tertiary Save & Win account will incur a charge of $1 per transaction.
Free 
Manual transactions*
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Manual transactions not available for Online Saver.
Note: Manual withdrawals for the Tertiary Save & Win account will incur a charge of $3 per transaction.
Free 
Debit MasterCard annual account fee Waived (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 hotpoints MasterCard
(first year free)
$44 annual account fee
Low Rate MasterCard
(first year free)
$65 annual account fee ($32.50 charged every
6 months)
Personal Loan Establishment fee $150 (usually $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. Click here for details or refer to our Transaction and Service Fees brochure.

 

Easy Access Account (International Students) - Fees
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.
Please note a cheque book is not available on the Easy Access account.
Fee typeFee amount
Monthly Account Maintenance Fee*
Easy Access account and Online Saver
Free
Electronic transactions*
EFTPOS, Westpac ATM transfers/withdrawls, automatic payments once set up (service fee applies to set up or amend), direction debit, direct credit, bill payments, online and phone banking payments.
Free 
Manual transactions*
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Manual transactions not available for Online Saver.
Free 
Phone Banking First 5 calls  month Free
Calls after that 50c each
Foreign Exchange Discounted¹

*Other service fees may apply. Click here for details or refer to our Transaction and Service Fees brochure.

¹20% on Westpac's foreign exchange income margin. To receive the discount for Inward Telegraphic Transfers, they must be sent directly to Westpac Banking Corporation Wellington, New Zealand and have International Student Pac written in the Bank to Bank field to receive the discount.

 

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 9 December 2016 and are subject to change.

 

Encore Account - Fees
The Encore account is no longer available to new personal account holders.
Encore tiers
Encore has 3 pricing tiers. Which tier applies is based on:
     - your average monthly Encore balance, or
     - your total personal relationship with us.
For example, if your Encore, Choices home loan and term investments are worth more than $40,000, you'll automatically qualify for Tier 2 pricing benefits.

Note: Any transactions made at another bank's ATM will incur an additional $1 charge.
Transaction and service fees are current as at 9 December 2016 and are subject to change.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
Tier description No. of free Westpac transactions per month Monthly account maintenance fee amount
Tier 1
average monthly credit balance under $5,000 OR a total relationship less than $40,000
None $3.50
Tier 2
average monthly credit balance $5,000 - $9,999.99 OR a total relationship greater than $40,000
20 Free
Tier 3
average monthly credit balance $10,000 and over OR a total relationship greater than $150,000
45 Free
Fee type Fee amount
Electronic transactions
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
40c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
80c per transaction

Revolving credit accounts

 

Choices Everyday Account - Fees
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 and other service fees may still apply. Fee exemptions available for superannuitants.
Fee type Fee amount
Account maintenance fee
$9.95 per month

Electronic transactions
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
Free 
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
Free 

 

Choices Home Loan Account - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. Other service fees may still apply.
Fee type Fee amount
Electronic transactions
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
40c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
65c per transaction

Find out about transaction accounts here.

Savings, Cash PIE & Notice Saver PIE accounts

 

Notice Saver PIE - Fees
Note: Service fees are charged to your Westpac transaction account.
Fee typeFee amount
Account maintenance and transaction fees
Free 
Txt banking service fee
Txt alerts, txt banking balances and transfer confirmations
Free 
Phone banking service fee
Third party telephone fees may apply
First five calls each month are free (then 50c per call) 

 

Online Saver - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees still apply.#
Fee typeFee amount
Monthly account maintenance fee
All balances
Free 
All electronic deposits
Free 
Internet - transfers
Free 
Westpac ATM - balance enquiry/transfer of funds
Free 
Phone banking transfers
Third party telephone fees may apply
First ten calls each month are free (then 50c per call) 

To operate the Online Saver account, you must hold a Westpac transaction account. Any transfers from your Online Saver Account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made. These fees relate to Online Saver only. Standard fees will apply to the account which money is being transferred to or from.

 

Online Bonus Saver  - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees still apply.
 
Fee typeFee amount
Account maintenance fee
All balances
Free 
All electronic deposits
Free 
Internet - transfers
Free 
Westpac ATM - balance enquiry/transfer of funds
Free 
Phone Banking transfers
Third party telephone fees may apply
First ten calls are free each month (then 50c per call)

To operate the Online Bonus Saver account, you must hold a Westpac transaction account. Any transfers from your Online Bonus Saver account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made. These fees relate to Online Bonus Saver only. Standard fees will apply to the account which money is being transferred to or from.

 

Online Saver PIE & Online Bonus Saver PIE - Fees
Note: Service fees are charged to your Westpac transaction account.
Fee typeFee amount
Account maintenance and transaction fees
Free 
Phone banking service fee
Third party telephone fees may apply
First ten calls each month are free (then 50c per call) 
Txt banking service fee
Txt alerts, txt banking balances and transfer confirmations
Free 

 

Simple Saver - Fees
Service fees still apply.
Fee typeFee amount
Account maintenance fee
All balances
Free 
All deposits
Including ATM's
Free 
First withdrawal (whether manual or electronic) each month Free
Electronic withdrawals First manual or electronic withdrawal each month is free.
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments


Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only.
$1 per transaction
Manual withdrawals First manual or electronic withdrawal each month is free.
Cheques and withdrawals at a Westpac branch
$3 per transaction

 

Save & Win - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Fee exemptions available to under 19 year olds. Service fees still apply.#
Fee typeFee amount
Account maintenance fee
All balances
Free 
All deposits
Including ATM's
Free 
Electronic withdrawals
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
$1 per transaction
Manual withdrawals
Cheques and withdrawals at a branch
$3 per transaction

Each Save & Win prize draw is subject to the prize draw eligibility criteria and terms and conditions.

 

Bonus Saver - Fees
Any transactions made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees apply.
 
Fee type Fee amount
Account maintenance fee Average monthly balance below $1,000 $2.50 per month
 Average monthly balance of $1,000 or more  Free
All deposits
Including ATM's  
Free 
Withdrawals - manual or electronic One free transaction per month.
Cheques, withdrawals at a branch, Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and Phone Banking payments 
$3 per transaction
Term investment transfers
 
Free 

 

Cash Management Account - Fees
The Cash Management Account is no longer available to new account holders.
Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees apply.
Fee type ThresholdFee amount
Account maintenance fee Average monthly balance below $5,000 $2.50 per month
Average monthly balance of $5,000 or more Free
All deposits
Including ATM's
Free
Electronic transactions
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
$1

Find out about savings, Cash PIE & Notice Saver PIE accounts here

Overdrafts

Overdrafts - Service fees
Service fees are charged monthly on the last business day of the month^. The amount charged is based on your credit limit or the highest point of your overdraft for the month (whichever is greater). Note: debit interest charges may also apply.

Overdraft on transaction accounts - Fee type

Fee amount
Line of Credit charge (LCC) with arranged limit up to $5,000
$5.00 per month
with arranged limit of $5,000 or more 0.10% per month
Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$15 per month
Overdraft establishment fee
(where applicable)
overdraft establishment fee
$25
temporary limit up to 45 days $25

Overdraft on savings accounts - Fee type

Fee amount
Savings/Call account - Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$15 per month

^ A charge month starts on the last business day of the calendar month and finishes on the second to last business day of the following month.

Find out about overdraft interest rates here