General terms & fees.
ATMs - Fees.
Foreign currency fees also apply (see Debit & Eftpos card fees section).
1 These fees do not apply if you use your Westpac card in an ATM belonging to a member of the Global ATM Alliance. The fee saving is subject to change. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees – refer to Transaction and Service fees brochure for details.
Banking on your mobile - Fees.
Txt banking and txt alert charges are as follows.
Online banking payment - Fees.
Phone or branch payments - Fees.
1 Direct debit authorities for Westpac Unit Trusts and Retirement Plans are free.
2 Sweepover has a $0 service fee for each sweep.
EFTPOS & debit cards - Fees.
1 The Westpac PayTag terms and conditions, as well as the terms and conditions relating to any cards or accounts that your Westpac PayTag links to, apply.
2 A foreign currency fee is charged when you make a purchase or cash withdrawal in a foreign currency, and also applies to any fees and charges charged by the overseas bank or vendor in relation to the transaction. This fee is also charged when you make online purchases in a foreign currency.
3 These fees do not apply if you use your Westpac card in an ATM belonging to a member of the Global ATM Alliance. The fee saving is subject to change. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees – refer to Transaction and Service fees brochure for details.
4 Fee exemptions
The annual fee is waived for:
- Customers 19 years and over (fee waived for the first year)
- Customers under 19 years
- Customers on a Career Starter Pac, Tertiary Pac or Graduate Pac, for the life of the Pacs
- SuperGold Card holders (fee waived for the first year).
Dishonour/Payment failed - Fees.
How interest is charged
The interest rate on Westpac personal overdrafts (permanent and temporary) is currently 19.95% p.a. This includes a base interest rate of 13.95% p.a., plus a margin interest rate of 6% p.a. Westpac may change the base rate, replace it with a new base rate or change the margin from time to time.
Please note a special interest rate concession applies to overdrafts on Student, Graduate and Career Starter accounts.
If you become overdrawn without an arranged limit, the interest rate charged on the overdrawn amount is 19.95% p.a (calculated on a daily basis). An unarranged overdraft fee will also be charged (see above).
The way interest is charged
Interest is calculated daily and will be charged to your Westpac transaction account on the last business day of the month.
Lending - Service Fees.
1A prepayment cost may also apply as described in the loan agreement.
2Additional disbursement charges may apply in some circumstances (includes discharge of securities, release of guarantees/life policies, priorities, variation memorandums that alter security arrangements through acting solicitor and collection of life policies under assignment) or where no solicitor is involved. Quotation is available on request.
Cash handling/deposits - Fees.
Cash handling will be charged to Westpac customers when the amount of cash deposited or withdrawn to an account in any charge month^ is $75,000 or more at the following rates (the fee applies to the full amount deposited). Additional costs may apply for special requests such as large coin or cash deposits and withdrawals, and non-Westpac customers.
^ 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.
Information requests - Fees.
2 $20 minimum charge
3 $25 minimum charge
Phone Banking - Fees.
International services - Fees.
All international service fees are represented in NZD.
Foreign currency accounts.
1 Payments to Cook Islands, Tonga, Samoa, American Samoa, Vanuatu, Kiribati, New Caledonia, French Polynesia, Papua New Guinea, Solomon Islands, Tuvalu and Fiji are $0.00 transfer fee via Westpac One. Overseas bank charges will still apply.
2 Other fees and charges may apply depending on the sending bank.
3 Other overseas bank fees and charges may apply.