Savings account rates › Westpac
Westpac Choice for concession holders
Westpac
CDR officialNot listed in rate tables
An everyday bank account with debit card and no monthly fees. For customers who hold a Concession or Health Care card, receive benefit payments, or low or no income earners.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 0.00% | Variable | CDR | 1 Nov 2026 |
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Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://digital-api.westpac.com.au/cds-au/v1/banking/products/TrChoiceConcession- Content hash
sha256 1daef3ceec00ab5a0277f146d21d8fabdb91f0fcff6050f27df6e53be2e0e18d- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_1daef3ceec00ab5a_f0805c15Show details
- Checked
- 1 Nov 2026
- URL
https://digital-api.westpac.com.au/cds-au/v1/banking/products/TrChoiceConcession- Content hash
sha256 1daef3ceec00ab5a0277f146d21d8fabdb91f0fcff6050f27df6e53be2e0e18d- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee | Periodic | $0.00 |
| Online Banking | Event | $0.00 |
| Westpac Group Branded ATM - Withdrawal | Withdrawal | $0.00 |
| Westpac Group Branded ATM - Balance Inquiry | Event | $0.00 |
| Point of Sale (POS) transactions | Purchase | $0.00 |
| Telephone Banking (automated) | Withdrawal | $0.00 |
| Telephone Banking (staff assisted) | Withdrawal | $0.00 |
| Cheque Withdrawals | Withdrawal | $0.00 |
| Direct Debit | Payment | $0.00 |
| PayTo payment | Payment | $0.00 |
| Branch staff assisted withdrawal | Withdrawal | $0.00 |
| Periodical Payments | Payment | $0.00 |
| Overseas Withdrawal | Withdrawal | $0.00 |
| Overseas Withdrawal | Withdrawal | $5.00 |
| Foreign Transaction Fee (Merchant Outside Australia) | Transaction | 3.00% |
| Foreign Transaction Fee (Australian merchant) | Transaction | 2.20% |
| Overdrawn Fee | Event | $0.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Other | Account-keeping fee (usually $5) is waived | |
| Other | No cash withdrawal fees from Westpac and select partner ATMs | |
| Other | Instant Digital Card - Use your digital card right away, before your physical Debit Mastercard arrives. Add your debit card to your mobile wallet or use it in the Westpac App. | |
| Other | Instant payments - Get PayID payments instantly with just your mobile number. You can also tap and go using your mobile or your Debit Mastercard. | |
| Other | Exclusive offers - Check out our customer-only discounts and offers, including bonus Cashback on over 4,000 brands with ShopBack. | |
| Other | Weekly Spend Limit will allow customers to set a limit on their accumulative weekly spend on their Debit Mastercard. | |
| Other | $0 international transfers when you send foreign currency overseas via Online Banking or the Westpac App. Westpac transfer fees still apply for funds sent in Australian dollars. Receiving bank fees may also apply, check the currency converter for indicative rates and fees. | |
| Card access | Use your Debit Mastercard to shop securely online, access cash at ATMs and use PayPass to tap and go on purchases under $100 | |
| Additional cards | 1 | |
| Unlimited txns | ||
| Digital banking | Digital Card Security: It's a digital version of your card available 24/7 in the Westpac App. The 3-digit CVC security number changes daily to ensure your details are kept safe. | |
| Npp payid | ||
| Npp enabled | ||
| Digital wallet | Fitbit Pay | |
| Digital wallet | Garmin Pay | |
| Digital wallet | Google Pay | |
| Digital wallet | Samsung Pay | |
| Digital wallet | Apple Pay | |
| Other | Click to Pay - Online shopping made quick, simple and secure with Click to Pay. | |
| Digital banking | Digital Card - Unlock extra protection using the dynamic CVC on your digital Westpac debit or credit card. Add it to your digital wallet or use it | |
| Fraud protection | Layers of defence - Stay safe online and use our Digital Card with dynamic CVC that updates every 24 hours, Card Lock, Smart Verify and SafeBlock. | |
| Fraud protection | Can't find your card? Don't panic, you can temporarily lock it in seconds with Card on Hold while you search | |
| Fraud protection | We've got your back - 24/7 fraud monitoring and our Fraud Money Back Guarantee. | |
| Fraud protection | Westpac Protect SMS Code: Increase your security when banking online by using your mobile phone to confirm certain transactions via text messages | |
| Fraud protection | If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions | |
| Relationship management | Relationship management is available for eligible customers. | |
| Other | Account can be opened via Online, mobile, in branch and telephone. | |
| Other | No minimum opening balance for this account | |
| Other | Statements: 6 monthly, or more frequently on request. | |
| Other | You can pay bills using BPAY | |
| Digital banking | Online, Mobile and telephone banking is available | |
| Other | Periodical Payments from this account can be made. | |
| Other | Make shopping and ordering online even more safe and secure with Westpac My Merchants. Westpac My Merchants lets you shop and order online without needing to share your card details, because your card number is replaced with a unique identification code called a 'digital token'. This digital token, which won't contain your personal information and is used by the merchant instead of your card number, helping protect you online. | |
| Other | Unlimited transactions and account enquiries. | |
| Eligibility: min age | 14 | |
| Eligibility: residency status | Those with an Australian residential address and who are currently in Australia. | |
| Eligibility: other | The card must be linked to an eligible Westpac account | |
| Eligibility: other | Those holding a valid Concession or Health Care card, receive an Australian Government benefit payment or be a low or no income earner. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable | 1 Nov 2026 | Current | 0.00% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
quality:no-interest | quality:no-interest | |
out-of-scope | Reason this product is not ranked | |
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