Westpac Banking Corporation

Ratings

3.4

Overview

One of the oldest Australian banks, Westpac is also counted amongst the four major banking organisations in Australia. Headquartered in Westpac, Sydney, it provides an extensive range of banking and wealth management services. Through its unique portfolio, Westpac supports a client base of 13.9 million.

  • Bank Type

    Public Bank

  • Founded

    1817

  • Headquarters

    --

  • Industry

    Banking Financial services

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

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Pros & Cons-Westpac Banking Corporation

Pros

  • Strict lending policies.
  • Signup Fees.
  • Customer Support.

Cons

  • Home Loan for Self-Employed.
  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.

Westpac Banking Corporation

One of the four major banking institutions in Australia, Westpac is the oldest and first bank in the country. It is also one of the biggest banks in New Zealand. An Australian public company, Westpac Banking Corporation, makes money by offering a variety of financial services, such as lending, deposit-taking, payments, foreign exchange, superannuation and funds management, investment portfolio management, insurance services, and other general financial services. The business operates in Australia, New Zealand, the Pacific Islands, Asia, Europe, and the United States. Westpac has a total workforce of about 37,480 full-time equivalent workers across all of its locations and its Sydney headquarters.

Features & Benefits of Westpac Banking Corporation

Additional methods to access your funds

  • At any major bank ATM in Australia, including Westpac, St.George, BankSA, Bank of Melbourne, and some Westpac Group partner ATMs, there is no withdrawal cost.
  • No ATM withdrawal cost 1 while using partners of the Global ATM Alliance (3% international transaction fee is applicable)
  • To make cash withdrawals from any ATMs operated by Westpac, St.George, BankSA, Bank of Melbourne, or certain Westpac Group partners without using your card, use the Cardless Cash mobile app.

Banking online

  • Easily manage your account with a tablet, smartphone, or computer
  • View all of your Westpac accounts in one location, including eBay, PayPal, reward programmes, shop cards, loans, and mortgages.

Services Offered by Westpac Banking Corporation

EFTPOS terminals

All of our EFTPOS Now terminals contain an accessibility mode, assistance features, and a PIN entry solution that enables cardholders with vision impairments to independently enter their PIN when using a touchscreen terminal. An accessibility chime is occasionally played at the Card screen by terminals. Cardholders can choose between the support mode, which offers large letter size, colour contrast settings, and audio, and the accessibility mode.

Funding the growth of the customers

If you need new machinery, cars, buildings, or working cash for your business Westpac Banking Corporation can assist you in obtaining financing, such as loans, overdrafts, and finance.

Cut payments

Receivables functions are automated by our PayWay and QuickStream solutions, offering you more control and insight over your cash flow.

Reduce risk

With business, key person, and business interruption insurance, we’ll help you safeguard your company’s assets and spread the expense with insurance premium funding.

Take cashless transactions

If you want to accept quick cashless payments in your company, EFTPOS systems of Westpac Banking Corporation are made to be user-friendly and stylish in your office.

Types of Accounts in Westpac Banking Corporation

Everyday Bank Accounts With Debit Cards

For quick payments, both online and in-person, our most popular bank account includes a debit card.

Use your debit Mastercard safely to make purchases.

Purchase in-person or online, add to your smartphone or wearable wallet and withdraw cash from ATMs all over the world.

If you’re under 30, there is no monthly fee.

We help out by waiving your monthly account-keeping costs if you are under 30 or a full-time student at an accredited university.

Discover your spending and cash flow.

Track cash flow trends to maintain control over your monthly budget and categorise expenses to better understand your spending.

Gain more Cashback.

Acquire the stuff. Get Cashback when you make purchases through ShopBack’s Westpac Lounge.

Savings Account

For regular savers

By earning extra interest every month you save, Westpac Life may be able to help you accomplish your savings objectives more quickly.

  • Even if you withdraw money, you earn bonus interest each month as your savings increase.
  • Put your money aside for various savings objectives.
  • Free online or monthly transfers.

For short-term savings

With an introductory rate for the first five months, Westpac eSaver can help short-term savers increase their savings.

  • Your savings will earn extra interest for the first five months.
  • Bonus rate is applicable whether or not your savings have increased.
  • Free online and monthly transfers.

Term Deposit Account

4.10% p.a. up to 4.10% online offer

How your interest is calculated:

Fixed rate of 4.00% annually Terms of Term Deposit range from 12 to 23 months.

Offer valid for a brief period starting on January 27, 2023, exclusively on Term Deposits initiated by current Westpac personal or business clients, or renewed by them. Available on deposits ranging from $5,000 to $5,000,000 with monthly or yearly interest payments.

Westpac Banking Corporation Opening Hours

Personal Customers

8am – 8pm Sydney Time, 7 days

Business Customers

8am - 8pm AEST, Monday - Friday

Corporate Online Customers

8am - 8pm AEST, Monday - Friday

Westpac Banking Corporation Contact Details / Customer Service

Personal Customers

  • 8am – 8pm Sydney Time, 7 days
  • General enquiries 132 032
  • Online and Mobile Banking 1300 655 505
  • Calling from overseas (+61 2) 9155 7700

Business Customers

  • 8am - 8pm AEST, Monday - Friday
  • General enquiries 132 142
  • Online and Mobile Banking 1300 655 505
  • Calling from overseas (+61 2) 9155 7700

Corporate Online Customers

  • 8am - 8pm AEST, Monday - Friday
  • General enquiries 1300 134 291
  • Online and Mobile banking 1300 134 291
  • Calling from overseas (+61 2) 9155 7737

Frequently Asked Questions

Who is the owner of Westpac Banking Corporation?

JPMORGAN CHASE & CO. is the largest stakeholder of Westpac Banking Corporation.

What is Westpac Banking Corporation known for?

Bank services are provided by Westpac Banking Corporation. The Bank provides services for checking accounts, savings deposits, money markets, mortgages, and term loans, as well as card options and online banking.

How do I contact Westpac Banking Corporation?

Personal Customers

  • 8am – 8pm Sydney Time, 7 days
  • General enquiries 132 032
  • Online and Mobile Banking 1300 655 505
  • Calling from overseas (+61 2) 9155 7700

Business Customers

  • 8am – 8pm AEST, Monday – Friday
  • General enquiries 132 142
  • Online and Mobile Banking 1300 655 505
  • Calling from overseas (+61 2) 9155 7700

Corporate Online Customers

  • 8am – 8pm AEST, Monday – Friday
  • General enquiries 1300 134 291
  • Online and Mobile banking 1300 134 291
  • Calling from overseas (+61 2) 9155 7737

Is Westpac Banking Corporation good?

Based on 9 employee evaluations posted to AmbitionBox, Westpac Bank has received a score of 5.0 out of 5. Company culture at Westpac Bank is renowned and receives a grade of 5.0, placing it at the top of the list. The rating for career advancement is the lowest, at 4.8, and it may be raised.

Can I open up a Westpac Banking Corporation account online?

Yes you can open up a Westpac Banking Corporation account online.

How much can you withdraw from Westpac Banking Corporation?

Get Cash has a daily withdrawal cap of three, with a daily withdrawal maximum of $500 and a weekly withdrawal limit of $1,000.

How can I avoid paying Westpac Banking Corporation fees?

  • Utilise accounts that are both free and for saving
  • Enrol in direct deposit.
  • Maintain a minimal equilibrium.
  • Maintain many accounts with your bank.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

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