Business bank account fees.
Fees relating to business transaction and savings accounts, and business overdrafts.
Interest rates and fees are subject to change.
Transaction accounts.
Revolving credit accounts
Non-profit and solicitor 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 description | Fee 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 transactions2 | 25c 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 description | Fee amount |
Account maintenance | $4 Per month |
Account benefits and relationship rewarding3 Average monthly balance less than $5,000 | $0 Rebate |
Account benefits and relationship rewarding3 Average monthly balance $5,000 or more | $4 Rebate |
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 |
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 description | Fee amount |
Account maintenance | $10 Per month |
Account benefits | Up 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 description | Fee amount |
Account maintenance | 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 | Free |
Manual transactions Westpac ATM deposits, deposits and withdrawals at a branch | Free |
Solicitor Nominated Trust account.
Service fees may apply¹.
Fee description | Fee amount |
Account maintenance | 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 | 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
- Online Saver account
- Westpac Bonus Saver account
- Cash Management account (no longer available to new account holders)
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 description | Fee amount |
Account maintenance All balances | Free |
Electronic deposits | Free |
Electronic withdrawals | Free |
Internet transfers | Free |
ATM balance enquiry | Free |
ATM funds transfer | Free |
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 type | Fee amount |
Account maintenance All balances | Free |
All electronic deposits | Free |
Internet - transfers | Free |
Westpac ATM - balance enquiry | Free |
Westpac ATM - transfer of funds | Free |
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 type | Fee amount |
Account maintenance All balances | Free |
Electronic deposits | Free |
Internet funds transfer | Free |
Westpac ATM balance enquiry | Free |
Westpac ATM funds transfer | Free |
Paper statements | $2 Per statement |
Manual withdrawals Withdrawals at a branch | $2.50 Per transaction |
Cash Management account.
The Cash Management account is no longer available for new accounts. Service fees apply.
Fee type | Fee amount |
Account maintenance for balance < $5000 | $2.50 Per month |
Account maintenance for balances => $5000 | Free |
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 |
Business overdrafts.
Service fees are charged monthly on the last business day of the month⁷. Note: debit interest charges may also apply.
Fee type | Fee amount |
Unarranged overdraft fee Per month | $4 per month |
Overdraft establishment fee (including temporary limits up to 45 days) - business customers only | From $400 Per loan / facility |
Things you should know.
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.