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Business account fees

What you can do using Business Online Banking image   All fees are regularly reviewed and subject to change without notice. Some other service fees may apply from time to time.  
Contact a business manager
Contact a business manager
Select from the list below for the latest transaction account fees.
> Business Transact
> Business Interest
> Agriline
> Business Revolve
> Online Saver
> Business Online Saver
> MasterCard BusinessCard
> BusinessPLUS Gold MasterCard
> MasterCard Purchasing Card
> Cash Management Account (This account is no longer available to business account holders)
Business Transact fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose.

Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time.
 Fee description Pay as you go
Monthly Fee Plan
 
   Tier 1 Tier 2
   
Monthly account maintenance fee $4.00 $10.00 $20.00
Account benefits   Up to 40 transactions free a month, then pay as you go. Up to 80 transactions free a month, then pay as you go.
Relationship Rewarding* Reward rebate if your average monthly balance is:
  $1 - $4999.99
Nil
  $5000 - $9999.99
$4
  $10,000+
$10
Electronic transactions
(Westpac ATM withdrawals/transfers, EFTPOS, phone banking and Online Banking transfers**, bill payments, direct credits/debits, automatic payments)
19c
Manual transactions
(Cheques, ATM deposits, deposits and withdrawals at a branch)
65c
Transaction and service fees on this page are current as at 3 September 2010 and are subject to change.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
*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.
** Phone banking and Online Banking available with single and either/or signing rule authorisation only.
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Business Interest fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose.

Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time.
Fee description   Fee
Monthly account maintenance fee   $4.00 per month
Relationship Rewarding*  
Reward rebate if your average monthly balance is:
$1 -$4999.99Nil
$5000+$4
Electronic transactions
(Westpac ATM withdrawals/transfers, EFTPOS, phone banking and Online Banking transfers**, bill payments, direct credits/debits, automatic payments)
  30c each
Manual transactions
(Cheques, ATM deposits, deposits and withdrawals at a branch)
  75c each
Transaction and service fees on this page are current as at 3 September 2010 and are subject to change without notice.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
*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.
** Phone Banking and Online Banking available with single and either/or signing rule authorisation only.
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Agriline fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose.
Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time.
 Fee description Pay as you go
Monthly Fee Plan
 
   Tier 1 Tier 2
   
Monthly account maintenance fee $10.00 $10.00 $20.00
Account benefits   Up to 40 transactions free a month, then pay as you go. Up to 80 transactions free a month, then pay as you go.
Electronic transactions
(Westpac ATM withdrawals/transfers, EFTPOS, phone banking and Online Banking transfers, bill payments, direct credits/debits, automatic payments)
19c
Manual transactions
(Cheques, ATM deposits, deposits and withdrawals at a branch)
65c
Transaction and service fees on this page are current as at 3 September 2010 and are subject to change.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
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Business Revolve
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose.

Note: Any transactions made at another bank's ATM will incur an additional $1 charge each time.
Fee description   Fee
Monthly account maintenance fee   $4.00 per month
Electronic transactions
(Westpac ATM withdrawals/transfers, EFTPOS, phone banking and Online Banking transfers*, bill payments, direct credits/debits, automatic payments)
  30c each
Manual transactions
(Cheques, ATM deposits, deposits and withdrawals at a branch)
  75c each
Transaction and service fees on this page are current as at 3 September 2010 and are subject to change without notice.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
* Phone Banking and Online Banking available with single and either/or signing rule authorisation only.
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 Online Saver
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.
 Fee description Fee
Monthly account maintenance fee   Free
All electronic deposits and withdrawals Free
Internet - transfers Free
ATM – balance enquiry/transfer of funds Free
Phone Banking transfers
Standard access fees will apply.
 Free
These fees relate to Online Saver only. If fees apply to the account which money is being transferred to or from, standard fees will apply.
Note: to operate the Online Saver account, you must hold a Westpac transaction account. Any transfers from your Online Saver account are to be made directly to your transaction account. ATM access is for balance enquiry and funds transfers only – no cash withdrawals can be made.
Transaction and service fees on this page are current as at 3 September 2010, and are subject to change. Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
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 Business Online Saver
Note: Any transactions made at another bank's ATM will incur an additional $1charge each time. The term 'free' refers to Westpac fees only.
 Fee description Fee
Monthly account maintenance fee   Free
All electronic deposits and withdrawals Free
Internet - transfers Free
ATM – balance enquiry/transfer of funds Free
Phone Banking transfers
Standard access fees will apply.
 Free
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.
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.
Transaction and service fees on this page are current as at 3 September 2010, and are subject to change. Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
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MasterCard BusinessCard
Annual fee
MasterCard BusinessCard$50 per card
Cash advances
In New Zealand
Westpac ATMs$2
Other banks ATMs$2
Branch$2
Overseas
cash advance from ATMs or at a branch
NZ $8.00 *
Note: some overseas banks may charge extra.
* Selected global alliance ATMs may not charge this fee
Replacement card $15
Photocard on re-issue $5.00
Note: this feature is only available to existing customers with a photocard
Courier delivery NZ/OverseasCourier costs where applicable
Foreign currency fee *2.50%
* When you use your Westpac credit card to make an overseas transaction, you'll pay a foreign currency fee. This fee is made up of two parts: a portion charged by Westpac (currently 1.50%) and a portion charged by the credit card scheme that processes the transaction, i.e. MasterCard (Westpac or Active debit card) or Visa (cheque card).
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BusinessPLUS Gold MasterCard
 Fee description
Annual price (including hotpoints)$100*
Cash advance in NZ
using a Westpac ATM$2
at other bank ATMs$2
branch teller$2
Cash advance overseas
using Global Alliance ATMsno fee
using other ATMs or bank branches**NZ $8.00
Note: Some overseas banks may charge extra.
Joint/additional card $15 per year
Late payment$9
Card over limit
Applies if you are over your approved credit limit on the final day of your monthly statement period.
$9
Replacement card (lost, damaged or stolen)$15 per card
Courier deliveryCourier costs where applicable
Foreign currency fee***2.50% of transaction amount
* BusinessPLUS Gold MasterCardholders who also have a personal Westpac Gold or Titanium card will not be charged the BusinessPLUS annual fee for as long as they keep their personal Westpac Gold or Titanium card account open.

**Service fees do not apply when using ATMs within the Global Alliance Group in the respective country shown. Institutions participating in the global ATM alliance include Deutsche Bank 24 (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand).

***When you use your Westpac credit card to make an overseas transaction, you’ll pay a foreign currency fee. This fee is made up of two parts: a portion charged by Westpac (currently 1.50%) and a portion charged by the credit card scheme that processes the transaction, i.e. MasterCard.

Service fees on this page are current as at 3 September 2010 and are subject to change.
Some overseas banks may charge an extra fee for a cash advance.
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MasterCard Purchasing Card
 Fee description
Annual price$22*
Cash advance in NZ
using a Westpac ATM$2
at other bank ATMs$2
branch teller$2
Cash advance overseas
using Global Alliance ATMsno fee
using other ATMs or bank branches*NZ $8.00
Note: Some overseas banks may charge extra.
Card over limit
Applies if you are over your approved credit limit on the final day of your monthly statement period.
$9
Replacement card (lost, damaged or stolen)$10 per card
Courier deliveryCourier costs where applicable
Foreign currency fee**2.50% of transaction amount
* Service fees do not apply when using ATMs within the Global Alliance Group in the respective country shown. Institutions participating in the global ATM alliance include Deutsche Bank 24 (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand).

**When you use your Westpac credit card to make an overseas transaction, you’ll pay a foreign currency fee. This fee is made up of two parts: a portion charged by Westpac (currently 1.50%) and a portion charged by the credit card scheme that processes the transaction, i.e. MasterCard.

Service fees on this page are current as at 3 September 2010 and are subject to change.
Some overseas banks may charge an extra fee for a cash advance.
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Cash Management Account
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose.

Note: Any transactions made at another bank's ATM will incur an additional $1 charge. The term 'free' refers to Westpac fees only.
 Monthly account maintenance fee
Average monthly balance of under $5,000 or more $2.50
Average monthly balance $5,000 or more Free
 Fee description    Fee
Account benefits All deposits free
Electronic transactions
(Westpac ATM withdrawals/transfers, EFTPOS, phone banking and Online Banking transfers, bill payments, direct credits/debits, automatic payments)
 $1.00 per withdrawal
Manual transactions
(Cheques, ATM deposits, deposits and withdrawals at the branch)
 $1.00 per withdrawal
Transaction and service fees on this page are current as at 3 September 2010, and are subject to change.
Some other service fees, including overdrawn or line of credit charges, may apply from time to time.
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The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
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