Business banking Tools, rates & fees

Other service fees.

ATMs - Fees.

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.

Find out more about Txt Banking here. 

  

Payments - Fees.

2 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.

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.

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.

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

    

Lending - Service fees.

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.

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.

Phone banking - Fees.

  

International services - Fees.

See the International service fees page.
  

Business Online - Fees & charges.

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.

See the Corporate Online fees guide (PDF).

Money transfer services - Fees.

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.