Summary: Westpac Bank does not directly allow you to buy shares through their online banking platform. To buy stocks in Australia you will need to go through a share brokerage platform that is both regulated and licensed. The easiest way to buy stocks with a Westpac bank account is by going through the trading and investing brokerage, eToro.
eToro offers free and instant deposits for Westpac account holders and you can access over 8,000 unique assets on the platform. Not only can you buy stocks but you can also invest in ETFs, commodities, indices, currencies and cryptocurrencies.
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Where to buy Shares with Westpac Bank?
There are a few options to choose from when deciding what platform to use but we recommend using eToro. eToro offers 0% commissions on stocks plus free and instant AUD deposits for Westpac bank account holders. With eToro you can either deposit Australian dollars via Bank Transfer or Debit/Credit card, transfers can take up to 7 business days to reflect in your account but card deposits are instant.
eToro offers over 2000 assets and many unique features like CopyTrading, where users can mimic the trades of other successful investors. If you are interested in learning more about eToro, you can read our eToro review.
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How to buy Shares with Westpac
If you want to buy stocks with a Westpac bank account, you have come to the right place. In this method we use card as the deposit method as it is instant but you can choose to send funds via bank transfer. Follow the below steps to get started.
- Create an account on eToro and complete the onboarding process.
- Click ‘Deposit Funds’ and select ‘Credit/Debit card’.
- Enter your card details and AUD you want to spend.
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- Search for the stock you want to buy (we use Apple).
- Enter the amount you want to buy and select ‘Set Order’.
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About Westpac
Westpac is one of the largest banks in Australia and offers a wide range of products and services to its Australasian customers. It has a long history, dating back to 1817 when it was founded as the Bank of New South Wales. Today, Westpac is a leading provider of banking, financial and investment services in Australia and New Zealand. It also has a strong presence in Asia, the Pacific and other parts of the world.
Westpac provides a comprehensive range of personal banking products and services, including savings and transaction accounts, credit cards, home loans, personal loans, superannuation and insurance. It also offers business banking products and services to small businesses, large businesses and corporations. Westpac has a wide network of branches and ATMs across Australia and New Zealand, as well as a comprehensive online banking platform.
Westpac Bank Shares Price AUD
Below you can find the live price of Westpac Bank stocks (WBC) in Australian dollars.
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