Westpac
Westpac Choice for concession holders
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.
Savings & transaction accountsBank updated 8 Sept 2026
At a glance
- Base rate
- 0.00%
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Penalty | — | — | — | 0.00% | — | The ULR is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day… |
| Variable | — | — | — | 0.00% | — | paid every 1 mo; Westpac Choice Concession Standard Variable Rate |
§ 02 — Fees · 17
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Overdrawn Fee | Event | No fee | — | — |
| Westpac Group Branded ATM - Balance Inquiry | Event | No fee | — | Any balance Inquiry made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM |
| Direct Debit | Payment | No fee | — | A transfer of funds from your account drawn under a Direct Debit request you gave another person or company. |
| PayTo payment | Payment | No fee | — | A transfer of funds from your account in accordance with a Payment Agreement you have established with a merchant or Payment Initiator. |
| Periodical Payments | Payment | No fee | — | An automated transfer that is debited from your account and credited to a specified account on a regular basis on your request. Additional fees apply for Periodical Payments made by Bank Cheque and I… |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Point of Sale (POS) transactions | Purchase | No fee | — | All transactions conducted at a POS terminal. |
| Foreign Transaction Fee (Australian merchant) | Transaction | 2.20% of transaction | — | 2.2% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located in Australia (comprising of 2% Westpac Proc… |
| Foreign Transaction Fee (Merchant Outside Australia) | Transaction | 3.00% of transaction | — | 3% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located outside Australia (comprising of 2% Westpac P… |
| Branch staff assisted withdrawal | Withdrawal | No fee | — | Includes any withdrawals conducted at a Westpac branch, including cashing of Westpac cheques. |
| Cheque Withdrawals | Withdrawal | No fee | — | Withdrawals or payments made by cheque. Excludes cashing of a cheque. Only available to customers aged 18 years and over. |
| Online Banking | Withdrawal | No fee | — | Online transfer withdrawals via Online Banking |
| Overseas Withdrawal | Withdrawal | No fee | — | Overseas Withdrawal Fee from a Global Alliance Partner ATM (for more information on Global Alliance Partners: Accessing your accounts overseas) |
| Overseas Withdrawal | Withdrawal | $5 | — | Any successful cash withdrawal made at an overseas ATM. Some overseas banks may also apply a surcharge to cash withdrawals from their ATMs. This should be drawn to your attention before you proceed w… |
| Telephone Banking (automated) | Withdrawal | No fee | — | Automated Telephone Banking transfer withdrawals |
| Telephone Banking (staff assisted) | Withdrawal | No fee | — | A Telephone Banking transfer withdrawal assisted by a staff member over the telephone |
| Westpac Group Branded ATM - Withdrawal | Withdrawal | No fee | — | Any withdrawal made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM |
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactionsRelationship manager1 additional cardsFitbit PayGarmin PayGoogle PaySamsung PayApple Pay
- · Account-keeping fee (usually $5) is waived
- · No cash withdrawal fees from Westpac and select partner ATMs
- · 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.
- · Instant payments - Get PayID payments instantly with just your mobile number. You can also tap and go using your mobile or your Debit Mastercard.
- · Exclusive offers - Check out our customer-only discounts and offers, including bonus Cashback on over 4,000 brands with ShopBack.
- · Weekly Spend Limit will allow customers to set a limit on their accumulative weekly spend on their Debit Mastercard.
- · $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 m…
- · Click to Pay - Online shopping made quick, simple and secure with Click to Pay.
- · Account can be opened via Online, mobile, in branch and telephone.
- · No minimum opening balance for this account
- · Statements : 6 monthly, or more frequently on request.
- · You can pay bills using BPAY
§ 04 — Eligibility & limits
- · Minimum age 14
- · Residency: Those with an Australian residential address and who are currently in Australia.
- · The card must be linked to an eligible Westpac account
- · Those holding a valid Concession or Health Care card, receive an Australian Government benefit payment or be a low or no income earner.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Westpac under the Consumer Data Right, last changed by them on 8 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.