Bump Savings

 General Lending Rates

 Product Features

• Cashback Offer Additional Information: Double your $50 when you bank and save with Westpac. Open a new Choice everyday account and an eligible savings account together and here?s how you can get $50: Deposit $50 or more into your new Choice everyday account within 10 days. We?ll add $50 to your savings account once you meet the criteria. T&Cs apply.

• Other Additional Information: Grow your independence with pocket money

• Unlimited Txns Additional Information: Withdraw funds via free online transfers to your Westpac everyday account, or by visiting a branch (fees apply on an everyday account)

• Digital Banking Additional Information: Set up and track up to 6 personalised savings goals via Online Banking

• Notifications

• Other Additional Information: Statements : 6 monthly, or more frequently on request.

• Other Additional Information: No limit on the number of accounts that customer can hold

• Digital Banking Additional Information: See the available balance of up to 3 accounts and transfer money without signing in with Quick Balance.

• Other Additional Information: Weekly spend limit - So you don't spend all your money at once. The limit can be changed as you get more experience.

• Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.

• Fraud Protection Additional Information: Card lock and unlock - Helps to keep your money safe if you?ve lost, misplaced or had your debit card stolen.

• Other Additional Information: No minimum opening balance for this account

• Other Additional Information: Zero monthly fees: There are no account-keeping or transaction fees, but other fees might apply

• Fraud Protection Additional Information: Secure your account with SafeBlock - Find out how SafeBlock can help keep you safe when you need it most by locking your cards and account. Explore more security features: Digital Card with Dynamic CVC, Westpac ProtectTM Security Code, Westpac Safecall, Westpac Verify

• Other Additional Information: Spending restrictions: To help protect you, we may decline some transactions on your Westpac Debit Mastercard based on the type of merchant. While this adds an extra layer of protection, it may not prevent all transactions with higher risk merchants.

• Other Additional Information: Parental notifications - Messages for parents or guardians about your account activity so they can guide and support you.4�

• Digital Banking Additional Information: Track your spending: Open with an everyday account to keep an eye on spending in the Westpac App.

• Other Additional Information: Rewards for savings: Put money in your account every month and you could earn bonus interest.

• Other Additional Information: Make savings goals: Sharing your saving goals with others may motivate you to save even more.

• Other Additional Information: Pocket money: Set up regular pocket money payments paid directly into their account.

 Product Eligibility

• Min Age - 8. Additional Information: You?ll need a parent or guardian to open your account with you. A mandatory Parental Control function gives your parent or guardian control of your account if you?re under 12.

• Max Age - 17. Additional Information: You can open a Bump Savings account for your child as long as they are under 18. For account holders under the age of 14, an account can be opened for a child in the child?s name by a parent, guardian, or grandparent, who must become an authorised signatory at the time of opening the account. There must be at least one authorised signatory on the account. The sole authorised signatory cannot be removed from the account until the child has turned 14 or another authorised signatory is added to the account. For customers 14 years old or over: A child may open an account in their own name. If you are under 12 years old, Parental Control function is mandatory which gives your parent or guardian control of the account. The level of access under Parental Controls can be changed at any time by an authorised signatory or, if you are over 12, by the account holder.

• Residency Status - You Need To Have An Australian Residential Address And Currently Be In Australia..

 Bank Fees and Charges

• Account Keeping Fee (Periodic), Amount: 0.00.

• Online Banking (including Mobile Banking) (Withdrawal), Amount: 0.00. Additional Information: Online transfer withdrawals via Online Banking.

• Telephone Banking Withdrawal (self Service) (Withdrawal), Amount: 0.00. Additional Information: Telephone Banking is not available for a parent signatory, and self service Telephone Banking is not available for children under 12.

• Telephone Banking Withdrawal (staff Assisted) (Withdrawal), Amount: 0.00. Additional Information: Telephone Banking is not available for a parent signatory, and self service Telephone Banking is not available for children under 12.

• Branch Staff Assisted Withdrawal (Withdrawal), Amount: 0.00.

 Document Downloads

  personalaccounts-tandc.pdf (688 K)