Special deals for members.

Exclusive business benefits

A low-cost everyday banking solution for your business:

  • Daily transaction account with discounts on account fees
  • Business savings account to plan for tax and large purchases
  • Competitive merchant service fee1
  • Business credit card with reward points and no annual fee2.

In order to be eligible, your business needs to: be a paid member of an applicable industry association, have an annual turnover of less than $2m and have its business income paid into a Westpac Business Transact Account.

Personal banking benefits

Personal banking benefits for you:

  • Savings accounts with bonus interest for members
  • Annual fee waivers on a range of credit cards3
  • Discounts off standard home loan rates4
  • Discounted Home, Contents, Vehicle and Boat Cover insurance premiums, and Term Cover life insurance premiums5.

The personal benefits are available to either individuals who are paid members of an applicable industry association or current sole traders, directors, partners or principal shareholders of organisations that are paid members of an applicable industry association. Direct salary credit to a Westpac account is required.

How to apply.

To obtain the industry association banking benefits, members must sign an Association Package Agreement with Westpac. The applicable industry association may receive remuneration from Westpac in the form of a commission or a marketing, sponsorship and/or advertising fee for promoting these benefits to their members.

Westpac reserves the right to review and amend these benefits annually. The benefits set out above are not available in conjunction with other advertised offers. Please refer to the applicable pages on our website for detailed information on each Westpac product or service mentioned.

Things you should know.

1 Fees specific to each merchant service apply. Details of these fees are available on application.

2 The principal and joint cardholders and account holder will be personally responsible for all credit extended by Westpac under an Airpoints Business Mastercard or BusinessPLUS Mastercard, irrespective of whether a business name appears on the card.

3 Fee waiver for Platinum credit cards only applicable where a member has not chosen or is not eligible for a fee waiver under the Business Banking benefits.

4 Discounts only apply to new home lending that does not constitute a top up, loan restructure or fixed rate rollover (New Security). No minimum lending required, however a minimum equity of 20% is required.

5 Discounts do not apply to Earthquake and Fire Service levies (if applicable), the policy fee on Term Cover, or any GST elements of the insurance premiums.

Eligibility and lending criteria, terms and conditions and fees apply. Other fees/charges may apply. For full details refer to our Transaction and Service Fees brochure, also available from any Westpac branch. An additional fee or higher interest rate may apply to loans if the applicable loan is accepted but does not meet Westpac's standard lending criteria.

Westpac Term Cover is arranged by Westpac New Zealand Limited ("Westpac") and underwritten by Westpac Life-NZ-Limited ("Westpac Life") which is wholly owned subsidiary of Westpac Financial Services Group-NZ-Limited which is a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia. Terms, conditions, exclusions and limits apply and more detail can be found in the Westpac Term Cover policy document. The availability of any insurance cover is subject to the acceptance and approval of a complete application. Any payment is subject to your claim being accepted.

Home, Contents, Vehicle and Boat Cover insurance is arranged by Westpac and underwritten by IAG New Zealand Limited ("IAG NZ"). Neither Westpac Banking Corporation nor Westpac guarantees the obligations of, nor any products issued by Westpac Life or IAG NZ. Westpac will receive commission payments as a result of the arrangement of IAG NZ and Westpac Life insurance policies. Terms, conditions, exclusions and limits apply and more detail can be found in the relevant insurance policy document. The availability of any insurance cover is subject to the acceptance and approval of a complete application. Any payment is subject to your claim being accepted.