Savings account rates › Westpac
Bank account with debit card for Students and young adults
Westpac
CDR officialNot listed in rate tables
An everyday account packed with features so you can bank your way with ease.
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/TrChoiceStudent- Content hash
sha256 f9399ef926204f79205aea441a819c375182c7810914ce01ea9be8a3a7d340af- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_f9399ef926204f79_219e684dShow details
- Checked
- 1 Nov 2026
- URL
https://digital-api.westpac.com.au/cds-au/v1/banking/products/TrChoiceStudent- Content hash
sha256 f9399ef926204f79205aea441a819c375182c7810914ce01ea9be8a3a7d340af- 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 | $5.00 |
| 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 | $15.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Cashback offer | 50.00 | You could earn $50 cashback if you open a new Westpac Choice everyday account and an eligible savings account by 31st March 2027, here's how you could get $50: Spend at least $50 on your debit card within 15 days of opening on eligible purchases. You must not have held any Westpac transaction account or savings account in the last 2 years. Accounts must be in your name only (no joint accounts). Must be 18+ years or older. T&Cs apply. |
| Other | $0 monthly and withdrawal fees - Account-Keeping Fee (usually $5) is waived for full-time tertiary students and under 41s | |
| Other | $0 - Account-Keeping Fee (usually $5) is waived for full-time tertiary students and under 41s | |
| 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 | Budgeting tools - Master your money in the Westpac App with our tools including Savings Finder, Tax Organiser and Budget Planner. | |
| Other | Exclusive offers - Check out our customer-only discounts and offers, including bonus Cashback on over 4,000 brands with ShopBack. | |
| Other | Spend&Save with Westpac - You could earn up to 5.95% p.a. variable interest on your first $150000 of savings with a Life Savings and Choice bank account. 18-40 year olds only. T&Cs and exclusions apply. | |
| Other | GET YOUR MOBILE SORTED WITH OPTUS - Exclusive offer for Westpac customers. Not a Westpac customer yet? Open a Choice everyday account first, then get a $39 Prepaid eSIM: Just $13 for the first 28 days. T&Cs of the Optus offer apply | |
| 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 | |
| Digital banking | With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account. | |
| 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 | Under 18 Card Transactions Block: If the cardholder is under 18 years of age, a protective block is enabled by default on the card. This block is mandatory and will automatically be removed when the cardholder turns 18 years old. | |
| 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: employment status | Students or young adults |
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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