Summary
Before you get started, here’s a quick recap of what you’re applying for.
The important stuff
Westpac Bump Savings
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Westpac Choice Youth (If you don't already have one)
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Special offer
Under 18? Get $30 on us
Open a new Bump savings account and a Westpac Choice Youth everyday account, or just the account you don’t have. Deposit $100 into your Bump account within 30 days of opening your new account(s), and we’ll deposit $30 into your Choice Youth account.
T&Cs and eligibility criteria apply*
By continuing you agree
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information. Our Privacy Statement also provides information about how you can access and correct your personal information, and make a complaint. You do not have to provide us with any personal information but, if you don’t, we may not be able to process your application or request.
- You can view our Financial Services Guide (PDF 249KB) before making a decision as to whether these products are right for you.
By opening the account, you agree:
- To the Deposit Accounts for Personal Customers Terms and Conditions (PDF 625KB) and the Online Banking Terms and Conditions (PDF 547KB) that apply to the products and services you are applying for.
- To us sending you a Debit Mastercard® and linking it to your account, as set out in the Westpac Debit Mastercard Terms and Conditions (PDF 201KB) (if applicable).
- To provide your consents to the actions we may take in processing your application including:
- for us to contact you about this application
- for you to receive communications about your account, as well as account statements and terms and conditions electronically. You may change your communication preferences in Online Banking or by contacting us at any time. If you are not registered for Online Banking, they will receive account statements in paper form.
- To acknowledge your obligations including Anti-Money Laundering/Counter-Terrorism Funding requirements and our other reporting obligations if you are a foreign tax resident.
Things you should know
Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 625KB)
Online Banking Terms and Conditions (PDF 547KB)
1 Debit Mastercard: You need to be at least 8 years of age, and have an Australian residential address to be eligible for the card. The debit card is automatically linked when the account is opened, except for children under 14. For children 8-13, a parent or guardian must order their card separately.
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Bonus interest: You will be eligible for bonus interest during the month (a month is the period from close of business on the last business day of the previous month to close of business on the last business day of the current month) and subject to transaction processing time, if:
a. your account balance has not fallen below $0; and
b. you (or someone on your behalf) have made a deposit of any amount (interest paid into your account does not qualify as a deposit in terms of bonus interest eligibility); and
c. the account balance on the last business day of the month is higher than the account balance on the last business day of the previous month.
Note: Bonus interest is calculated in the system after 11:59pm on the last business day of the month. Any transaction processed before 11:59pm may impact bonus interest eligibility.
Mastercard® is a registered trademark of Mastercard International Incorporated.
a. your account balance has not fallen below $0; and
b. you (or someone on your behalf) have made a deposit of any amount (interest paid into your account does not qualify as a deposit in terms of bonus interest eligibility); and
c. the account balance on the last business day of the month is higher than the account balance on the last business day of the previous month.
Note: Bonus interest is calculated in the system after 11:59pm on the last business day of the month. Any transaction processed before 11:59pm may impact bonus interest eligibility.
Mastercard® is a registered trademark of Mastercard International Incorporated.
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Youth Promotion Terms and Conditions
- To receive $30 you must meet the eligibility criteria and satisfy the requirements in these Terms and Conditions. This promotion commences 11/04/2024 and is available for a limited time only.
- Available to new or existing Westpac customers under 18 years of age (Customer), who have not previously held a Westpac Bump Savings and/or Westpac Choice Youth account.
- However, this promotion excludes Customers who, within the last three years, have:
- opened and closed these accounts (and no longer hold any Westpac Bump Savings or Westpac Choice Youth account);
- become a Customer of the Westpac Group and no longer hold any products or are no longer a Customer.
- During the promotion, the Customer must open the required account(s) so that the customer holds both a Bump Savings and Choice Youth account in the Customer’s name. The Customer must also deposit a cumulative minimum amount of $100 into their Bump Savings account within 30 days of opening the account(s).
- Deposit must be Customer initiated and does not include interest payments into your account.
- The $30 promotion amount will be paid into the Customer’s Westpac Choice Youth account within 50 days of meeting these Terms and Conditions. Both the Westpac Bump Savings account and the Westpac Choice Youth account must remain open during the period for the $30 promotion amount to be paid.
- Each eligible Customer is only entitled to one $30 promotion amount payment when the Customer has met all the requirements set out in these Terms and Conditions.
- In the event multiple eligible accounts are opened for the same Customer, the $30 promotion amount will be paid to the Customer’s Westpac Choice Youth account that was opened first.
- We reserve the right to withdraw, amend or extend this offer at any time.
- Deposit Accounts for Personal customers Terms and Conditions (PDF 625KB) apply to Westpac Bump Savings and Westpac Choice Youth accounts. Please read these terms and conditions carefully to determine whether these products are right for your needs and requirements.