Westpac

About this bank

Fees & Offers

Monthly Fee

AUD 5

Fee Waiver Conditions

A$5/month. Waived if you are 18-40 (under 41), for 12 months as a new arrival, with A$2,000+ monthly deposits, or as a full-time student.

Age-based Waiver

Monthly fee waived under age 41

Max Bonus Savings Rate

5.75% p.a. when conditions are met

Welcome Bonus

Not specified

Transfers & Cards

Intl. Transfers

Supports PayID/Osko. Can receive international transfers. Global ATM Alliance membership means fee-free withdrawals at partner ATMs overseas.

e-Transfer

Not specified

Pre-arrival Window

Apply from 14 days before arrival

Debit Card

Debit Mastercard

Australia Details

ATM Fees

Free at Westpac and partner ATMs; no Westpac fee at other domestic ATMs (operator fees may apply). Overseas: free withdrawals at Global ATM Alliance machines, otherwise A$5 plus foreign transaction fees.

Savings Account

Westpac Life: up to 5.75% p.a. for ages 18-40 with the Spend&Save offer (on balances up to A$150,000, with monthly deposit and balance-growth conditions). Otherwise up to 5.00% p.a.

Account Opening

Apply online from 14 days before arrival. Japanese passport holders are not eligible for online ID verification (Smart Verify), so you verify at a branch after arrival. Cards are mailed to your registered address in 5-10 business days.

TFN

Without a TFN, interest is taxed at the top withholding rate — register your TFN once you have it.

Important notes

Monthly fees, welcome bonuses, and charges change over time (last verified: July 2026). Japanese-language support may depend on branches with Japanese-speaking staff and is not always an official service. Compare real transfer costs as fees plus exchange-rate margin. Always check each official site for the latest details.