Important things to know for Bizpac.
1. The flat $10 fee for Bizpac customers covers all monthly, annual and establishment fees for Bizpac products as well as unlimited transactions on the Business Transact Account. Some other Business Transact Account and Business Online or Deskbank service fees may apply, for example bulk payment fees for batches processed via Business Online or Deskbank. See below for eligibility criteria for Bizpac.
2. All applications for finance are subject Westpac's current lending criteria. A monthly line of credit charge of 0.1% per month applies to overdrafts with a limit over $5,000. This will be calculated based on the greater of either the total limit or highest daily outstanding balance during the month, both less $5,000.
3. Debit Mastercard service fees may apply. Debit Mastercard Conditions of Use apply.
4. Westpac's current credit card lending criteria apply to all applications and transfers. Westpac credit card Conditions of Use apply to the applicable card. The principal and joint cardholders and account holders will be personally responsible for all credit extended by Westpac under a BusinessPLUS Mastercard, hotpoints Platinum Mastercard, Airpoints Business Mastercard or Airpoints Platinum Mastercard. $0 annual fee waiver applies to one card only and doesn't apply to standard credit cards or World Mastercards.
5. A Westpac settlement (transaction) account is required for all merchant services. Fees specific to each merchant service apply. Details of these fees are available on application.
Bizpac Eligibility Criteria.
To qualify for Bizpac your business needs to have an annual turnover of less than $2m and have your business income paid into the Business Transact Account.
To use the Business Online Saver account, you must hold a Westpac Business Transact Account and be able to access your account online via Westpac One (or another Westpac online banking service).
Any transfers from your Business Online Saver can only be made directly to your Business Transact Account.
Terms, conditions, fees and charges apply to Westpac products and services. We recommend that you contact us if you would like further information regarding the products and services. You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Disclosure statements under the Financial Advisers Act are available on request and free of charge from Westpac or your financial adviser. Mastercard and the Mastercard brand mark are registered trade marks of MasterCard International Incorporated. Westpac New Zealand Limited.