Open a new Choice everyday account and an eligible savings account together and receive $50 when you:
- 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.
- You must not have held any Westpac transaction account or savings account in the last 2 years.
Important tidbits:
- Only Westpac Life, Westpac Bump and Westpac eSaver Savings Accounts are eligible
- Account will be credited within 60 days of meeting all T&Cs
- You must keep the account open for 60 days after your deposit
Terms:
Eligibility criteria:
You must:
- Not have held any transaction account or savings accounts with Westpac in the last 2 years (applies to both account holders for joint accounts)
- Open a new Westpac Choice account AND, either a Westpac Life (18+) OR Westpac Bump (U18) OR Westpac eSaver. Accounts must be in the same name, and active and ready to use.
- Open both accounts and deposit $50 or more into your Westpac Choice transaction account within 10 calendar days. Deposit(s) must be processed (not pending) by the 10th day.
- Deposit must be customer-initiated and does not include interest payments into the account.
- Keep the account open for a minimum of 60 days after your eligible deposit.
If you meet the above:
- You're eligible for a one-time $50 payment.
- The $50 payment will be made to your Westpac Life or Westpac Bump or Westpac eSaver account within 60 days of you meeting all Terms and Conditions and eligibility criteria.
- If you open more than one Westpac Life or Westpac Bump or Westpac eSaver account, the $50 cashback will be made to one account only. It will be the first savings account opened and active.
Joint accounts not eligible. This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated.


Doesn't seem like too many hoops for free money.