Business bank account fees

Interest rates and fees are current as at 29 September 2016 and are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

Transaction accounts

Revolving credit accounts

 

Business Transact Account - Fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. 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

 

Business Interest Account - Fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. Service fees apply.
Fee description Fee amount
Account maintenance fee
$4 per month
Account benefits and relationship rewarding A reward rebate is calculated and paid up to the level shown, subject to the total reward rebate not exceeding the amount of account maintenance and transaction charges paid for that month.
average monthly balance less than $5,000 $0 rebate
average monthly balance $5,000 or more $4 rebate
Electronic transactions Phone Banking and Online Banking available with single and either/or signing rule authorisation only.
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
30c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
75c per transaction

Revolving credit accounts

 

Business Revolve Account - Fees
Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. Service fees apply.

Note: On 1 June we increased the number of free transactions on our Business Revolve Account from 4 to 20. For existing customers, this takes effect from the start of the next charging cycle.
Fee descriptionFee amount
Account maintenance fee
Includes up to 4 transactions per month
$10 per month
Electronic transactions Phone Banking and Online Banking available with single and either/or signing rule authorisation only.
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
$1 per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
$1 per transaction

Find out about transaction accounts here.

Savings accounts

 

Business Online Saver - Fees
Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. These fees relate to Business Online Saver only. If fees apply to the account which money is being transferred to or from, standard fees will apply.
Fee description Fee amount
Account maintenance fee
All balances
Free 
All electronic deposits and withdrawals
Free 
Internet transfers
Free 
ATM - balance enquiry/transfer of funds
Free 
Phone banking transfers
Third party telephone fees may apply
First five calls each month are free (then 50c per call) 

Note: To operate the Business Online Saver account, you must hold a Westpac business transaction account. Any transfers from your Business Online Saver account are to be made directly to your business transaction account, and be able to access your account online via Internet Online Banking, Business Online banking, Corporate Online or DeskBank. ATM access is for balance enquiry and funds transfers only – no cash withdrawals can be made. These fees relate to Business Online Saver only. If fees apply to the account which money is being transferred to or from, standard fees will apply.

 

Online Saver - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees still apply.#
Fee typeFee amount
Monthly account maintenance fee
All balances
Free 
All electronic deposits
Free 
Internet - transfers
Free 
Westpac ATM - balance enquiry/transfer of funds
Free 
Phone banking transfers
Third party telephone fees may apply
First five calls each month are free (then 50c per call) 

To operate the Online Saver account, you must hold a Westpac transaction account. Any transfers from your Online Saver Account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made.

 

Online Bonus Saver  - Fees
Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees still apply.
 
Fee typeFee amount
Account maintenance fee
All balances
Free 
All electronic deposits
Free 
Internet - transfers
Free 
Westpac ATM - balance enquiry/transfer of funds
Free 
Phone Banking transfers
Third party telephone fees may apply
First five calls are free each month (then 50c per call)

To operate the Online Bonus Saver account, you must hold a Westpac transaction account. Any transfers from your Online Bonus Saver account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made.

 

Cash Management Account - Fees
The Cash Management Account is no longer available to new account holders.
Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time. The term 'free' refers to Westpac fees only. Service fees apply.
Fee type ThresholdFee amount
Account maintenance fee Average monthly balance below $5,000 $2.50 per month
Average monthly balance of $5,000 or more Free
All deposits
Including ATM's
Free
Electronic transactions
Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments
$1

Find out about savings accounts here.

Business overdrafts

Overdrafts - Service fees
Service fees are charged monthly on the last business day of the month^. The amount charged is based on your credit limit or the highest point of your overdraft for the month (whichever is greater). Note: debit interest charges may also apply.

Overdraft on transaction accounts - Fee type

Fee amount
Line of Credit charge (LCC) with arranged limit up to $5,000
$5.00 per month
with arranged limit of $5,000 or more 0.10% per month
Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$15 per month
Overdraft establishment fee
(where applicable)
overdraft establishment fee
$25
temporary limit up to 45 days $25

Overdraft on savings accounts - Fee type

Fee amount
Savings/Call account - Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$15 per month

^ A charge month starts on the last business day of the calendar month and finishes on the second to last business day of the following month.

Details of Line Charges may be obtained by contacting your Relationship Manager.  Find out more about business overdrafts here.