Business Transact Account

With flexible payment options to save your business money, it’s not surprising the Business Transact account is our most popular transaction account for businesses.

Business Transact Account

Or give us a call on

0800 177 188

Choose the payment option that could save you the most money

  • a simple flat monthly fee for your transactions
  • or 'pay as you go' for each transaction. Each month, we’ll waive the fees for 15 monthly transactions with the highest fees.

Other benefits

  • no fees on unlimited withdrawals from Westpac ATMs*
  • no fees on unlimited Eftpos debit transactions
  • low fees on electronic transactions
  • optional overdraft to help you with cashflow or unexpected expenses (subject to application)

*Transactions made at other banks’ ATMs will still incur fees.

Bank when you want, where you want

  • worldwide, 24/7 account access viaBusiness Online banking and phone banking
  • 24/7 account access via EFTPOS and ATMs
  • optional Debitplus Visa** to access your money anywhere Visa is accepted
  • a personalised cheque book

**Only available for those business customers with accounts where one person can authorise a transaction.

Low-cost and efficient payment options

 You can pay your bills by cheque but we also offer faster, cheaper, and easier options as well. You can set up automatic payments, direct credits and debits and use Business Online banking and Phone banking.

You can make multiple payments via DeskBank, Corporate Online Business Online and Personal Online Banking quickly and efficiently. You can also collect payments via direct debits or EFTPOS/credit card merchant facilities.

You’re in control of your account

You know when’s the best time for you to pay your account maintenance charge and transaction fees so we let you choose the day of the month when you pay them. Likewise, you can tell us how often you want to receive your account statements – from every day to every six months.

Sole Traders: open a Business Transact Account in Online Banking

If you’re a Sole Trader, registered for Westpac Online Banking, with at least one business account with Westpac, you can open a Business Transact account through standard Online Banking. Just select ‘New account’ from the ‘I want a…’ menu.

As soon as you open the account you’ll be able to use it in Online Banking and via ATMs and EFTPOS terminals.

>Login to Online Banking to open a Business Transact account now

Business Transact Account - Fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Any transactions made at another bank's ATM will incur an additional $1 charge. Service fees apply.
Fee description Pay as you go option
Monthly fee plan option
Tier 1
Tier 2
Account maintenance fee


$6 per month
$10 per month
$20 per month
Account benefits and relationship rewarding
Transactions not charged for or included as part of your monthly account maintenance fee

Fees waived on the 15 monthly transactions with the highest fees 
up to 40 transactions included per month, then Pay as you go.
up to 80 transactions included per month, then Pay as you go.
Electronic transactions
Eftpos credit transactions, non-Westpac transfers, online banking, phone banking transfers, automatic payments once set up (service fee applies to set up or amend), direct credits/debits, bill payments
Fees will only apply to excess transactions over your monthly transaction limit. No fees on Westpac ATM Withdrawals and EFTPOS debit transactions.

19c per transaction
19c per transaction
19c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch

70c per transaction
70c per transaction
70c per transaction

Rates & fees are current as at 3 September 2014 and are subject to change. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last business day of each month.