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Compare online solutions
Use our handy comparison table to find the online service that’s right for your business.
|Online Banking||Business Online||Corporate Online|
|Size||Individuals and sole traders||Small to medium business||Corporations|
|Individual login for each user||No. Users share a single login-in||Yes.
Allows different access and authority levels for users, e.g. Creator / Viewer users vs Authoriser
Allows different access and authority levels for users.
|Signing authorities||1-to-sign only||Up to 3-to-sign||Up to 2-to-sign|
|No monthly charge||$9.95 per month||Based on number of users, $10 p/m administrator/authoriser, $5 p/m other roles.|
|Send money overseas||Yes||Yes||Yes|
|Transact on foreign currency accounts||No||Yes||Yes|
|Bulk payments/ direct debit batches||No||Up to 3000 payees/payers in single batch (file import)
Bulk transaction fee - 19c per item
|Supports large batches (tested up to 45000 transactions per batch). Bulk transaction fee - 19c per item|
|Processing cut off times (business days only)||Payments - 10:00pm.
AP, new and amend – 10:00pm. International Payments - currency cut off time vary
|Payments, single and bulk - 11:30pm
AP, new and amend - 10:00pm
Direct Debits - 10:00pm
International Payments - currency cut off time vary
|NZ Direct Entry 9.00 pm
NZ Domestic Payment 8.00 pm
International Payments – refer to Online
Help for Currency Cut-Off Times
|View foreign currency accounts||No||Yes||Yes|
|Number of accounts accessed||Up to 9 transaction, savings and loan accounts, plus 2 personal credit card accounts||Up to 120 transaction, savings and loan accounts, plus business credit card and foreign currency accounts.||Unlimited number of Westpac business, foreign currency or personal accounts, as well as any nominated BNZ, ANZ or National Bank accounts|
|Credit card access||Personal credit cards only||Both personal and business credit cards||No card access|
|Ability to import files||No||Import payroll or creditor files from common payroll/accounting packages||Import payroll or creditor files from common payroll/accounting packages|
|Ability to manage Term Deposits||Yes||Can only view term deposit balance||Can only view term deposit account balance|
*Additional transaction and service fees still apply for accounts loaded. Non Profit Organisations are exempt from the Business Online monthly subscription fee