Save & Win Student Account

Prize Draw Eligibility Criteria

To qualify for the prize draw you need to make a single deposit of at least $10 (inclusive of any prize winnings) into your Save & Win student account during the month of the prize draw.

The number of chances you have to win a prize in any one draw is based on your average monthly balance as at the last day of the month. Your average monthly balance is calculated on your daily balance rounded to the nearest whole dollar. If a single deposit of at least $10 has been made during the prize draw month, for every $1 of your average monthly balance you will get one entry into the prize draw.

Prize draws for the Save & Win Student Account are only open to Student Pac customers who have a student Save & Win account and are residents of New Zealand. Westpac staff, contractors and agents, their spouses (whether named or not) and/or dependents are not eligible for the prize draws.

Customers can choose not to participate in the prize draw by notifying their local Westpac branch in writing. The exclusion will apply from the date notification is received until such time as you instruct us otherwise.

Customers who close their account during the month of the draw are not able to participate in the prize draw for that month.

Prize Draw Terms and Conditions

Current cash prizes each month are:

  • 1 prize of $1000
  • 2 prizes of $250
  • 20 prizes of $50

Prize draws will occur monthly ('Monthly Draw'). Additional special draws may also occur from time to time as notified to customers by Westpac. The promotion period for each Monthly Draw begins on the first day of the month and ends on the last day of the month. Prizes will be drawn on the first business day of the following month.

Prizes are current as at 22 November 2018 and subject to change on notice.

You agree to Westpac using any personal information it holds about you to contact you if you are a winner. Westpac will take all reasonable steps to contact a prize winner within 30 calendar days of each monthly draw. All major prize winners’ names will be published on our website 30 calendar days after the draw. Winners may be asked to take part in any other publicity arranged by Westpac.

Winners will be verified by Westpac. Once successfully verified, cash prize winners will have their cash prize deposited into their Save & Win account within 30 days of each monthly  prize draw.

Prizes are non-transferable.

All decisions made by Westpac are final and binding on all Save & Win account holders, and no correspondence will be entered into.

Use of the Save & Win account, and participation in all associated monthly draws, is subject to Westpac’s General Terms and Conditions.

A failure or delay by Westpac in exercising any power or right shall not operate as a waiver of that power or right.

If an entrant is under the age of 18 years they acknowledge that they have their parent's permission to enter the promotion and agree that their parent or guardian may be required to sign acceptance of the terms and conditions of entry on their behalf prior to claiming any prize.

Westpac accepts no responsibility for any tax liability incurred as a result of any person participating in a prize draw.