Everyday Accounts terms, fees and rates

 

 

 

Terms 

Transaction and service fees
Debit Card Conditions of Use
Westpac Electronic Banking Service Terms 
Westpac One App Terms and Conditions

 

Fees 


Interest rates and fees are current as at 15 August 2020 and are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges. 

Everyday Accounts

Revolving credit accounts

 

 

Westpac Everyday - Fees
Fee exemptions available for customers 65 and over, superannuitants and under 19 year olds. Service fees still apply.
Fee typeFee amount
Paper statements $1.50 per statement
Free for electronic statements.
Electronic transactions
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, funds transfers and phone banking payments.
Free 
Manual withdrawals
Cheques and withdrawals at a branch.
$2.50 per transaction, capped at $5.00 per month.
Manual deposits Free

 

Tertiary Easy Access Account - Fees
The term 'free' relates to Westpac fees only. Service fees still apply.  Please note a cheque book is not available on the Tertiary Easy Access Account.
Fee typeFee amount
Monthly Account Maintenance Fee

Free
Electronic transactions
EFTPOS, ATM transfers/withdrawals, automatic payments, direct debit, direct credit, bill payments, online and phone banking payments.
Free 
Manual transactions
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Manual transactions not available for Online Saver.
Free 
Debit MasterCard & Airpoints™ Debit MasterCard® annual account fee Waived (normally $10.00 for Debit Mastercard or $15.00 for Airpoints™ Debit MasterCard®)
Overdraft Establishment fee Waived
(normally $25.00)
Debit interest Interest free to agreed limit
Credit Card hotpoints MasterCard
(first year free)
$44 annual account fee
Low Rate MasterCard
(first year free)
$25 annual account fee ($12.50 charged every
6 months)
Airpoints™ MasterCard® $55 per year. (Paid in two 6-monthly installments of $27.50)
Personal Loan Debit interest Subject to change, check at time of loan application
Phone Banking Free
Email and text alerts
Your mobile service provider's normal text charges apply when you send a text to Westpac.
Email alerts Free
Texts you receive Free

 

International Easy Access Account - Fees
The term 'free' refers to Westpac fees only.  Service fees still apply. Please note a cheque book is not available on the Easy Access account.
Fee typeFee amount
Monthly Account Maintenance Fee
Easy Access account
Free
Electronic transactions
EFTPOS,  ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direction debit, direct credit, bill payments, online and phone banking payments.
Free 
Manual transactions
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Free 
Phone Banking Free
Foreign Exchange Discounted¹

¹20% on Westpac's foreign exchange income margin. To receive the discount for Inward Telegraphic Transfers, they must be sent directly to Westpac Banking Corporation Wellington, New Zealand and have International Student Easy Access Account written in the Bank to Bank field to receive the discount.

 

Graduate Account Fees and Charges
The term 'free' refers to Wespac fees only.  Service fees still apply
Fee typeFee amount
Monthly Account Maintenance Fee Waived
Electronic transactions
EFTPOS, Westpac ATM transfers/withdrawals, automatic payments, direct debit, direct credit, bill payments, funds transfers and phone banking payments.
Free 
Manual transactions
(Cheques written, Westpac ATM deposits, deposits and withdrawals at a branch)
Free 
Airpoints™ Debit MasterCard® annual account fee Waived for the 1st year (normally $15.00)
Debit MasterCard® annual account fee Waived for the 1st year (normally $10.00)
Westpac PayTag® Free
Overdraft Establishment fee Waived (normally $25.00)
Debit interest Interest free to agreed limit
Credit Card - annual account fee Airpoints™ MasterCard® First year free, normally $55 
hotpoints® MasterCard First year free, normally $44
Low Rate MasterCard First year free, normally $25 ($12.50 charged every 6 months)
Personal Loan Debit interest Subject to change, check at time of loan application
Phone Banking Free
Email and txt alerts
Your mobile service provider's normal text charges apply when you send a text to Westpac.
Email alerts Free
Texts you receive Free

Other service fees may apply. Refer to our Transaction and Service Fees brochure for details. Transaction and service fees are current as at 15 August 2020 and are subject to change.

 

Revolving credit accounts

 

Choices Everyday Account - Fees
Note: Other service fees may still apply. Fee exemptions available for superannuitants.
Fee typeFee amount
Account maintenance fee
$5.00 per month
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
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch
Free 

 

Choices Home Loan Account - Fees
Note: Other service fees may still apply.
Fee typeFee amount
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 per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch. (Fee amount is up to a maximum of $5 per monthly charge)
$2.50 per transaction

 

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. See the  transaction and service fees brochure for more details.

 

Interest Rates

Interest rates and fees are current as at 15 August 2020 and are subject to change without notice.

Bearing Interest Account - Interest rates
 Interest is calculated daily, and the same rate applies whatever your balance.
TierRate
All balances 0.05% p.a.

Find out about transaction accounts here

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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. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last business day of each month.