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Westpac Bank

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Open a student account from Westpac bank

About Westpac Bank

"Westpac, established as the oldest bank and company in Australia, operates as one of the prominent banking institutions in the country, alongside three others. Additionally, it serves as one of the significant banking organizations in New Zealand."

Why is Westpac bank for an International student ?

  1. A transaction account with $0 monthly fee.
  2. You'll pay no Account-Keeping Fee if you're under 30 or a full-time student.
  3. ATM network at home and overseas.
  4. Pay no withdrawal fee at any major bank ATM in Australia.
  5. You can open the account within 3 minutes.

Am I eligible?

Make sure you:

  1. Are aged 18 years and over.
  2. Will arrive in Australia in the next 14 days or have arrived in Australia in the past three months.
  3. Are a tertiary student at an educational institution located in Australia or are undertaking an Australian Apprenticeship.

Documents required to open a Westpac bank account ?

  1. Passport of your home country.
  2. Visa grant papers or student ID.
  3. Australian mobile number.
  4. An email address and residential address.

How to Apply Online ?

Step 1:

Go to the Westpac Website.

Westpac Official Website

Step 2:

Click on 'Apply Now' and you will be transferred to our secure online application form.

Step 3:

Complete all sections and click on 'Submit'.

Step 4:

Your account will be opened, initially restricted to accept deposits only.

FAQ's

Westpac account is a type of bank account offered by Westpac Banking Corporation, one of the largest banks in Australia. Westpac offers a range of bank accounts to suit different needs, including transaction accounts, savings accounts, and term deposit accounts. A Westpac account provides a range of features such as online and mobile banking, access to ATMs, and the ability to make payments and transfers. The specific features and benefits will depend on the type of account you choose.

Westpac customers can withdraw up to $1,000 per day at Westpac ATMs. This withdrawal limit applies to both local and international ATMs.

Here are some of the benefits of banking with Westpac: Range of products and services: Westpac offers a range of banking products and services to suit different needs, including transaction accounts, savings accounts, credit cards, personal loans, home loans, and insurance products. Online and mobile banking: Westpac provides convenient online and mobile banking services, allowing customers to manage their accounts, make payments and transfers, and view their transaction history anytime, anywhere. ATM access: Westpac has a large network of ATMs across Australia, allowing customers to withdraw cash and perform other banking transactions. Customer service: Westpac has a dedicated customer service team that can assist with any queries or issues related to banking. Rewards program: Westpac offers a rewards program that allows customers to earn points for using their credit cards and redeem them for a range of rewards, such as flights, hotel stays, and merchandise. International banking: Westpac has a strong international presence, with a range of international banking services, such as foreign exchange and international money transfers.

To open a bank account with Westpac in Australia, you will typically need to provide the following documents: Identification documents: This includes your passport, driver's license or other government-issued identification card. Proof of address: This can be a utility bill, rental agreement or other official document that shows your name and address in Australia. Student visa: As an international student, you will need to provide your student visa as proof of your eligibility to study in Australia. Enrollment details: Some banks may require you to provide evidence of your enrollment at an Australian educational institution, such as a letter of offer or confirmation of enrollment. Tax file number (TFN): Although not strictly required, having a TFN may be necessary if you want to earn interest on your bank account without having tax deducted at the highest rate.

Westpac offers a range of bank accounts, some of which have no monthly account fees, while others may have fees that apply depending on the account type and usage. Here are some examples of Westpac accounts and their fees: Westpac Choice: This transaction account has no monthly account fees for full-time students or customers under 21 years of age, while other customers will pay a monthly fee of $5. Customers can make unlimited transactions, including ATM withdrawals and EFTPOS transactions, without incurring additional fees. Westpac Life: This savings account has no monthly account fees and offers a competitive interest rate, with bonus interest available for customers who make regular deposits and no withdrawals. Westpac eSaver: This online savings account has no monthly account fees and offers a high base interest rate, with bonus interest available for customers who make no withdrawals in a month and deposit at least $50.