Interest rates and fees are subject to change.

Transaction accounts.

Business Transact account.

Account maintenance and transaction fees are charged to your account on any day of the month you choose. Service fees still apply¹.

Fee descriptionFee amount
Account maintenance$7

Per month

Account benefits2

(No fees on Westpac ATM withdrawals or EFTPOS debit transactions)

First 100 transactions are free2

Per month

Additional transactions225c

Per transaction

2 Includes manual/teller assisted withdrawals or deposits, ATM deposits, Bill Payment or Automatic payments paid or received, online or phone banking transfers, direct credits received, or direct debits paid. Does not include bulk payments and bulk direct debits imported through Business Online or  Corporate Online. These will continue to be charged as they are currently directly from the Electronic Banking channel used.

All other services and products not listed will incur Westpac's normal processing charges, refer to the Business Transaction and Service Fees brochure or westpac.co.nz. Westpac fees and charges are subject to change from time to time.

Business Interest account.

Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Service fees apply¹.

Fee descriptionFee amount
Account maintenance$4

Per month

Account benefits and relationship rewarding3

Average monthly balance less than $5,000

$0

Rebate
Per month

Account benefits and relationship rewarding3

Average monthly balance $5,000 or more

$4

Rebate
Per month

Electronic transactions4

EFTPOS, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credit, bill payments, online and phone banking payments

30c

Per transaction

Manual transactions

Westpac ATM deposits, deposits and withdrawals at a branch

75c

Per transaction

3 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.

4 Phone Banking and Online Banking available with single and either/or signing rule authorisation only.

Revolving credit accounts.

Business Revolve account.

Any transactions or balance enquiries made at another bank's ATM are fee free. Service fees apply¹, including for overseas transactions.

Fee descriptionFee amount
Account maintenance $10

Per month

Account benefitsUp to 20 fee free transactions a month, then pay as you go5

Per month

Electronic transactions6

EFTPOS. Westpac transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

30c

Per transaction

Manual transactions

Westpac ATM deposits, deposits and withdrawals at a branch

75c

Per transaction

5 Additional service fees may apply, for a full list of service fees please refer to this brochure.

6 Phone Banking and Online Banking available with single and either/or signing rule authorisation only.

Non-profit & solicitor accounts.

Non-Profit Organisations (some conditions apply) and Solicitor Nominated Trust accounts are exempt from cash handling clearance fees.

Contact a business specialist to take advantage of these accounts.

Non-Profit Organisation account.

Service fees may apply¹.

Fee descriptionFee amount
Account maintenanceFree
Electronic transactions

EFTPOS, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

Free
Manual transactions

Westpac ATM deposits, deposits and withdrawals at a branch

Free

Solicitor Nominated Trust account.

Service fees may apply¹.

Fee descriptionFee amount
Account maintenanceFree
Electronic transactions

EFTPOS, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

Free
Manual transactions

Westpac ATM deposits, deposits and withdrawals at a branch

Free

You can get a copy of the current disclosure statement for Westpac New Zealand Limited, a copy of any applicable investment statement or term sheet for your investment, and full details of the terms and conditions from any Westpac branch in New Zealand free of charge. Take a look at our Business Transaction and Service Fees brochure.

Savings accounts.

Business Online Saver account.

Note: These fees relate to Business Online Saver account only. If fees apply to the account which money is being transferred to or from, standard fees will apply.

Fee descriptionFee amount
Account maintenance

All balances

Free
Electronic depositsFree
Electronic withdrawalsFree
Internet transfersFree
ATM balance enquiryFree
ATM funds transferFree
Phone banking

Third party telephone fees may apply

Free

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 or Corporate Online. ATM access is for balance enquiry and funds transfers only - no cash withdrawals can be made.

Online Saver account.

The Online Saver account is no longer available for new accounts. Service fees still apply.

Fee typeFee amount
Account maintenance

All balances

Free
All electronic depositsFree
Internet - transfersFree
Westpac ATM - balance enquiryFree
Westpac ATM - transfer of fundsFree
Phone banking

Third party telephone fees may apply

Free

  

Westpac Bonus Saver account.

Note: The term 'free' refers to Westpac fees only. Service fees still apply.

Fee typeFee amount
Account maintenance

All balances

Free
Electronic depositsFree
Internet funds transferFree
Westpac ATM balance enquiryFree
Westpac ATM funds transferFree
Paper statements$2

Per statement
(Free for electronic statements)

Manual withdrawals

Withdrawals at a branch

$2.50

Per transaction

Payments can be made directly from your Westpac Bonus Saver account. ATM access is for balance enquiry, funds transfers and deposits only. Cash withdrawals can be made in branch. 

Cash Management account.

The Cash Management account is no longer available for new accounts. Service fees apply.

Fee typeFee amount
Account maintenance for balance < $5000$2.50

Per month

Account maintenance for balances => $5000Free
All deposits

Including ATMs

Free
Electronic transactions

EFTPOS, Westpac ATM transfers/withdrawals automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

$1

Per transaction

You can get a copy of the current disclosure statement for Westpac New Zealand Limited, a copy of any applicable investment statement or term sheet for your investment, and full details of the terms and conditions from any Westpac branch in New Zealand free of charge.  

Business overdrafts.

Service fees are charged monthly on the last business day of the month⁷. Note: debit interest charges may also apply.

Fee typeFee amount
Unarranged overdraft fee

Per month

$4

per month

Overdraft establishment fee (including temporary limits up to 45 days) - business customers onlyFrom $400

Per loan / facility

Things you should know.

Transaction and service fees are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges. See the Business Transaction and Service Fees brochure for more details.

7 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.

Details of Line Charges may be obtained by contacting your Relationship Manager. Find out more about business overdrafts here.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited, a copy of any applicable investment statement or term sheet for your investment, and full details of the terms and conditions from any Westpac branch in New Zealand free of charge. Take a look at our Business Transaction and Service Fees brochure.

Business Lending products are only available for business and/or investment purposes and not for personal, domestic or household purposes.