Business banking Tools, rates & fees

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.

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.

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.

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.

Find out more about our Non-Profit Organisation account.

Solicitor Nominated Trust account.

Service fees may apply¹.

Find out about transaction accounts 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.

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.

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.

  

Westpac Bonus Saver account.

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

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.

Find out about savings accounts 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.  

Business overdrafts.

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

Things you should know.

1 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.