Start teaching your kid about the world of money with some help from us. By teaching them to save with a new Bump Savings account and a Savings Goal, they not only get $30 cashback, but develop a good habit for life.
This offer was visible at bottom of my Westpac App.
Terms and Conditions
Add savings to your kid's healthy habits
Start teaching your kid about the world of money with some help from us. By teaching them to save with a new Bump Savings account and a Savings Goal, they not only get $30 cashback, but develop a good habit for life.
How they get rewarded
Open a new Bump Savings account
Start your kid’s savings journey by helping them open a new Bump Savings account with you as a signatory.
Safer Banking For Our Younger Customers
Create a Savings Goal
Help them set up a Savings Goal by selecting Savings goals → Other, then name the goal “My Savings”.
Deposit $50
Encourage them to save $50 towards that goal between 8th June to 7th July, 2023. They can deposit in one go, or build up to $50 in smaller deposits.
Get rewarded
The $30 cashback will be credited to their new Bump Savings account by 31st August, 2023.
Why a Bump Savings account?
A Bump Savings account supports kids as they transition from saving their pocket money to getting their first job. Take a look at the features that help them make saving a habit.
Savings goals
Customise up to six savings goals to teach them how to save up for purchases. If you grow your savings by the end of the month, look forward to some bonus interest with our great interest rate of 4.50% p.a.
Parent Control features
Parent Control features mean you stay in control and are aware of money coming in and out of the account.
No account keeping fees
Avoid account keeping fees, so you know that every dollar they put into their account makes their savings grow.
Open a new Bump Savings account
Apply online with an adult as the signatory
Give us a call
1300 558 724
8am – 8pm Sydney time
Find a branch
Visit your local branch
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Suburb / postcode
Things you should know
This Offer is available to selected customers only and is subject to eligibility requirements. To earn the reward, you must complete the following actions between 08/06/2023 to 07/07/2023: open a new Westpac Bump savings account in the child’s name, create a custom Savings Goal with the name of “My Savings”, deposit a cumulative total of at least $50 (excluding refunds and interest payments) into the Savings Goal, and ensure the account remains open with at least $50 in the Saving Goal until the reward is fulfilled. We endeavour to fulfil the reward within an indicative timeframe once the eligibility criteria has been met and will be available in the Bump account by 31/08/2023.
Child must not have had a Bump account previously. This Offer is non-transferable and available to the recipient of this promotion sent directly from Westpac via email or via the Westpac app. Reward is limited to one per child (Bump customer). Account must be in child's name and can be opened by either parent or child. Not available in conjunction with any other offer. Product Terms and Conditions apply.
Westpac Group has a Child Safeguarding Position Statement, a first for an Australian bank, that sets out the principles that guide our approach as we work to embed a child safe culture within our organisation. While our direct engagement with children and young people can be limited, we recognise the role we can play in promoting their financial safety as they access our products and services.
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