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Business Interest account.
Let’s build your business faster. Earn interest on your everyday business funds and access your money 24/7.
Who it’s for.
A Westpac Business Interest account is a flexible, interest-earning transaction account for business owners.
It’s ideal for:
- Small and medium-sized businesses (SMEs)
- Sole traders
- Anyone wanting to earn interest on everyday business funds.
Benefits.
- Earn interest whenever your account is in credit.
- No monthly account maintenance fee when your average monthly credit balance is $5,000 or more.
Business Interest features.
24/7 access
Bank anywhere, anytime with Business Online or Westpac One digital banking, or visit an ATM.
Optional overdraft
Add an overdraft to help smooth out cashflow ups and downs when you need it.
Optional Debit Mastercard®¹
Make purchases and access funds wherever Mastercard® is accepted.
Pay bills and expenses
Easily set up one-off or recurring payments, direct debits, and direct credits in digital banking.
Receive payments
Accept payments from customers via EFTPOS, credit card, or direct debit.
Interest rates.
Interest is calculated daily and paid on the last day of each month (less resident withholding tax).
Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available here or from any Westpac NZ branch.
Fees.
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Service fees still apply.²
*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 digital banking available with single and either/or signing rule authorisation only.
Things you should know.
1 Only available for those business customers with accounts where one person can authorise a transaction.
Lending criteria, terms and conditions apply. Line of credit charges and interest rates apply to all overdrafts. An establishment fee may apply.
2 Transaction and service fees are subject to change. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges. For more details check out the Business Transaction and Service Fees brochure.
Interest rates and fees are subject to change without notice.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
The Reserve Bank of New Zealand – Te Pūtea Matua Depositor Compensation Scheme (DCS) protects deposits in New Zealand banks and other deposit takers. You may be entitled to a payment under the DCS in some circumstances. Read more information on Depositor Compensation Scheme.