What it can do for you

You’re working hard to meet your customers’ needs – and we’re doing the same for you. Our Business Online service is designed to streamline your banking.

Overview

What you can do using Business Online Banking

Using Business Online is easy and there is no software to download. You can do almost all your business banking online, including:

  • access your account and transaction information wherever you have internet access
  • make transfers and some payments until 11.30pm for same-day processing to other banks (Mon – Fri). Transfers to Westpac bank accounts occur immediately 365 days per year.
  • select from a one-, two- or three-to-authorise rule for all online transactions
  • manage access for multiple users – each user has an unique login ID and password and can have access restricted to only the accounts and functions they need
  • view account balances for up to 120 accounts – includes transaction, savings and loan accounts, business credit cards and foreign currency accounts
  • more efficient payments and transactions to anyone in New Zealand – make a single payment, automatic payment or create a direct credit schedule for multiple payees
  • make International Payments from your New Zealand Dollar Accounts as well as your Foreign Currency Accounts, send money overseas in a selection of currencies and know the exact NZD value of your payments. See the demonstration.
  • import payroll or creditor files from office payroll or your accounting package for processing
  • export transaction information to common accounting packages

Take control with Business Online

Manage user access:

  • assign different roles to users: Creator/Viewer, Authoriser or Administrator
  • select single or dual administration. Dual administration requires a second administrator to authorise changes to user access to Business Online
  • create access restrictions at account and function level
  • create daily transaction limits
  • allow third party Business Online users to access your account information, e.g. your accountant. Business Online Third Party Access

Manage your account authorisation:

  • select from a one-, two- or three-to-authorise rule for all online transactions
Manage your payments and transfers

Plan your business cash flow and transfer funds

  • make a payment today or schedule a payment or transfer up to 180 days in the future
  • transfer money between accounts or to multiple accounts all in one transaction

Pay anyone using Business Online

  • set up and authorise payments to anyone in New Zealand
  • make single payments or set up automatic payments
  • create a direct credit schedule for multiple payees e.g. payroll
  • save multiple payment details as a payment template for future use
  • make notes on transactions through Business Online for your future reference

International Payments

  • send funds to payees overseas at the current rate of exchange
  • send money overseas in a selection of currencies and know the exact NZD value of your payments
  • make an International Payment 24 hours a day, 5 ½ days a week (between the hours of 8am Monday until 11am Saturday)
  • make International Payments from your Foreign Currency Accounts as well as your New Zealand Dollar accounts
  • save beneficiary’s details if you’re making regular payments to the same person
  • send a confirmation email to the payee

Import payment files

  • import payroll or creditor files from office payroll or accounting package for processing
  • direct debit initiators can upload and authorise a Direct Debit file to debit NZ debtor’s accounts
  • files can hold up to 3,000 accounts for payments or receipts

Pay your tax online

Make over 25 types of tax payments, including GST and income tax for:

  • your business
  • personal tax
  • your employees

Check on transactions to and from your accounts

  • for any period in the last 10 years
  • up to the last 180 days for foreign currency accounts

Search your transaction information by

  • account
  • date
  • amount
  • serial number

Export your transaction information

  • use one of 10 formatting options
  • compatible with most common accounting applications
  • or store permanently on your computer

Business Online import and export file format help

Download information on importing and exporting files in Business Online (PDF 250 kB)

Take the online tour

Have a look through what Business Online Banking can do before you sign up.

Take the Business Banking Online Tour

Have a look at how you can make International Payments in Business Online.

View demo Business Online for International Payments