ATMs - Fees.

Fee typeFee amount
Westpac ATM

Using a Westpac ATM

Free

no fee 

Overseas ATM - Balance enquiry160c

per transaction

Overseas ATM - Debit card withdrawal1$3

per transaction

Overseas ATM - Credit card withdrawal1$2

per transaction

Overseas ATM - Declined transaction160c

per transaction

1 These fees do not apply if you use your Westpac card in an ATM belonging to a member of the Global ATM Alliance. The fee saving is subject to change. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees - refer to Transaction and Service Fees brochure for details.
    

Banking on your mobile - Fees.

Txt Banking and txt alert charges are as follows.

Fee typeFee amount
RegistrationFree

and no monthly fee

Email alertsFree
Texts you receiveFree
Texts you sendMay incur charges from your mobile service provider

Please contact your mobile service provider for details of their fees and charges

Find out more about Txt Banking here. 

  

Payments - Fees.

Fee typeFee amount
Set up automatic payments

Online fee amount

Free
Amend automatic payment

Online fee amount

Free
Set up automatic payments

Phone or branch fee amount

$5
Amend automatic payment

Phone or branch fee amount

$5
Set up direct debits2

Phone or branch fee amount

$5
Amend direct debit2

Phone or branch fee amount

$5
Set up salary splitter, sweepover3Free
Amend salary splitter, sweepover3Free

Direct debit authorities for Westpac Unit Trusts and Retirement Plans are free.

3 Sweepover has a $0 service fee for each sweep. 

   

EFTPOS & debit cards - Fees.

Fee typeFee amount
Westpac ATM/Eftpos card annual feeFree
Westpac Debit Mastercard annual fee4$10

per card

Airpoints Debit Mastercard annual fee4$15

per card

Additional Westpac ATM/EFTPOS cardFree
Replacement card$10

per card

Courier delivery in New Zealand/OverseasCourier costs apply
Foreign currency fee51.95%

of transaction amount

Using an ATM overseas - cash withdrawal6$3

NZ per transaction

Using an ATM overseas - balance enquiry660c

NZ per transaction

Using an ATM overseas - overseas declined transaction660c

NZ per transaction

4 Fee exemptions
The annual fee is waived for:

  • Customers 19 years and over (fee waived for the first year)
  • Customers under 19 years
  • Customers on a Career Starter Pac, Tertiary Pac or Graduate Pac, for the life of the Pacs
  • SuperGold Card holders (fee waived for the first year). 

5 A foreign currency fee is charged when you make a purchase or cash withdrawal in a foreign currency, and also applies to any fees and charges charged by the overseas bank or vendor in relation to the transaction. This fee is also charged when you make online purchases in a foreign currency. 

6 These fees do not apply if you use your Westpac card in an ATM belonging to a member of the Global ATM Alliance. The fee saving is subject to change. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees - refer to Transaction and Service Fees brochure for details. 

    

Dishonour/payment failed - Fees.

Fee typeFee amount
Dishonour / AP payment failed fee$0

per time

Note: You can sign up for email & text alerts to alert you if an Automatic Payment fails.
Details of Line Charges may be obtained by contacting your Relationship Manager.

    

Business borrowing (including Trusts) - Fees.

Fee descriptionFee amount
Establishment of new loans, overdrafts (including temporary limits), guarantees and bond facilities, re-documented loans, loan variations, revolving accountsFrom $400

per loan/facility

Establishment of new FlexEquip facilityFrom $1,000

per facility

A higher fee may apply if the application is accepted but does not meet the standard lending criteria. 

    

Lending - Service fees.

Fee typeFee amountFrequency
Administration fee for processing a prepayment to a fixed rate loan8

(Choices Home Loan and business borrowing including partial or full payment to a fixed loan, moving from one fixed term to another or from fixed to floating)

$0
Security discharge fee9$50Per discharge request

8 A prepayment cost may also apply as described in the loan agreement.

9 Additional disbursement charges may apply in some circumstances (includes discharge of securities, release of guarantees/life policies, priorities, variation memorandums that alter security arrangements through acting solicitor and collection of life policies under assignment) or where no solicitor is involved. Quotation is available on request. 

Cash handling/deposits - Fees.

Cash handling will be charged to Westpac customers when the amount of cash deposited or withdrawn to an account in any charge month¹⁰ is $75,000 or more at the following rates (the fee applies to the full amount deposited). Additional costs may apply for special requests such as large coin or cash deposits and withdrawals. Non-Westpac customers are able to make deposits on a limited exceptions basis only.

Deposit methodFee amount
Westpac customer - Teller counter0.35%
Westpac customer - Deposit box 0.25%
Non Westpac customer - Teller counter deposits (where possible)$15

10 A charge month starts on the last day of the calendar month and finishes on the second to last day of the following month.

    

Information requests - Fees.

Fee typeFee amountFrequency
Copy of statement$5Per statement

Phone banking - Fees.

Fee typeFee amount
Phone Banking FeeFree

  

International services - Fees.

  

Business Online - Fees & charges.

Fee typeFee amount
RegistrationFree
Monthly subscription fee$9.95
Self service administrationFree
Set up automatic paymentsFree
Amend automatic paymentsFree
Bulk payments19c

per item

Bulk direct debits19c

per item

All fees will be charged to your nominated billing account. You can view a breakdown of your monthly charges by using the Business Online Bank 'reports' function (click on the 'Balances and Reporting' option on your main menu). Here's more information on business account fees.

Other electronic transaction fees that may apply include:

  • Transfers
  • Single payments - including tax
  • Direct credits/debits
  • Automatic payments.

    

Corporate Online.

Money transfer services - Fees.

Fee descriptionFee amount
Direct credit by schedule14$1

per item

Inactive transactions5c

each

Additional transactions 35c

each

Optional fields10c

each

Alterations to transactions10c

each

Replacement/extra schedules$1

each

14 $25 minimum. 

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.