Westpac Account Types

　　Westpac offers several types of trading accounts to cater to different investment needs:

• New Cash Account:
• Designed specifically for online share trading.
• Brokerage fees start from $4.95 per trade.
• No monthly account keeping fees.
• Existing Westpac Account:
• You can link any Westpac bank account that allows direct debits.
• Brokerage fees start from $29.95 per trade.
• No new account setup required.
• Margin Loan Account:
• Provides a Westpac online investment loan to settle trades.
• Brokerage fees start from $4.95 per trade.
• Allows you to multiply your investment power with competitive loan-to-value ratios (LVRs) on over 500 listed securities.

　　For detailed information on fees and charges, refer to the financial services guide.

　　

Westpac Broker Account Opening Process

　　To open a Westpac trading account, follow these steps:

• Choose Your Settlement Method:
• Decide whether to use a new cash account, an existing Westpac account, or a margin loan account for settling your trades.
• Complete the Application:
• Fill in your personal details and choose the type of account you wish to open.
• Verify Your Identity:
• You may need to provide identification documents such as a driver's license or passport. Verification can be done online or in-person at a Westpac branch.
• Submit Your Application:
• After completing the application and verification, submit your application to Westpac.
• Fund Your Account:
• Once your account is set up, deposit funds to start trading.

　　For more details, you can visit the Westpac Share Trading account opening page.