Important disclosure

Westpac Banking Corporation Ltd

Choice

Real Time Rating™

  • App banking
  • Online banking
  • Overseas ATM facilities
  • MasterCard debit card

special

$0 monthly fees for 12 month
~ Ends in 6 months

Open a new Westpac Choice account online between 01/02/24 and 30/09/24 to have the monthly Account-Keeping Fee waived for the first 12 months. Save $5 a month for 12 months

2024 Award Winner

Maximum Interest rate

RateCity says

“Easy access to your money via debit Mastercard or smartphone apps. Deposit $2000+ per month and pay no account keeping fees.”

Real Time Rating™
Tags
  • App banking
  • Online banking
  • Overseas ATM facilities
  • MasterCard debit card
Maximum Interest rate

Pros and cons

For Choice

Benefits

  • App banking available
  • Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card available
  • Send money using PayID
  • Winner of Best Bank Account, RateCity Gold Awards 2024

Drawbacks

  • Must deposit at least $2000 into your account each month
  • $5 Overseas ATM Withdrawal Fee
  • 3% fees apply for overseas transactions

Westpac Rate Bank account overview

For Choice

Features

Send money using PayID

Joint application available

Foreign Currency

Target Market Determination

Visit Westpac Banking Corporation Ltd to view Target Market Determination.

Methods of Access

Internet Banking

ATM access

Phone Banking

EFTPOS Facility

Branch Access

Cheque services

App

App only

Fee Details

Min. deposit for fee free

$2k

ATM & EFTPOS Fees

ATM withdrawal fee

$0

Other bank ATM withdrawal fee

ATM operator fee will not be charged at Global ATM Alliance and Westpac Group partner ATM's.

Daily ATM withdrawal limit

$1,000

EFTPOS Fee

$0

Overseas fees

Overseas ATM withdrawal fee

$5

Overseas eftpos fee

Foreign transaction fee

3%

Other transaction fees

Phone transaction fee

$0

Internet transaction fee

$0

Counter withdrawal fee

$0

Free counter transactions

Counter deposit fee

$0

Cheque fee

$0

Cheque dishonour fee

$0

Electronic Wallet Service

Specials
  • Other $0 monthly fees for 12 month
    Open a new Westpac Choice account online between 01/02/24 and 30/09/24 to have the monthly Account-Keeping Fee waived for the first 12 months. Save $5 a month for 12 months

Promoted bank accounts

Promoted

Orange Everyday

Real Time Rating™
  • App banking
  • Online banking
  • Overseas ATM facilities
  • Visa debit card

Cashback

Receive 1% cashback on eligible bill payments, rebates on the first 5 fee incurring domestic and international ATM withdrawals and unlimited rebates on the ING international transaction fee. T&Cs apply.
Account Keeping Fees
ATM Fee

$0

Access at any ATM. Rebates on ATM withdrawal fees.

Debit Card Type

Visa

Maximum Interest rate

Promoted

Glide Account

Real Time Rating™
  • App banking
  • Online banking
  • Visa debit card

2024 Award Winner

special

No monthly account keeping fees.
Account Keeping Fees
ATM Fee

$0

Using a major bank ATM in Australia

Debit Card Type

Visa

Maximum Interest rate

Promoted

Everyday Access

Real Time Rating™
  • App banking
  • Online banking
  • Overseas ATM facilities
  • Visa debit card
Account Keeping Fees
ATM Fee

$0

Over 3,000 Westpac Group ATMs

Debit Card Type

Visa

Maximum Interest rate

Promoted

Easy Access Account

Real Time Rating™
  • App banking
  • Online banking
  • Overseas ATM facilities
  • Visa debit card

*Fees waived when deposit $2,000 Monthly

Account Keeping Fees
ATM Fee

$0

Debit Card Type

Visa

Maximum Interest rate

FAQs

How do I transfer money from Paypal to my bank account?

Transferring cash from Paypal into your bank account is simple…if you have a Paypal account that is.

Once you’re logged into your Paypal account, the account balance will appear on your home page. Below your balance are two options:

  • Add money
  • Withdraw money

Choose option two if you want to transfer money from your Paypal account to your personal bank account.

The next screen will prompt you to either enter new bank account details or choose a bank account that’s connected to Paypal. You can always add more bank accounts to your Paypal profile.

Another way to transfer out of Paypal is by jumping to the wallet tab on the top menu, and clicking ‘transfer money’. Both options will give you the same result.