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Non-Profit Organisation Account.
An everyday transaction account for not-for-profit organisations and charities.
Features.
Earn daily interest
For balances of $5,000 or more, interest is calculated daily on the full credit balance and paid (less resident withholding tax) into your account on the last day each month.
Bank online 24/7
Bank anywhere, anytime with Business Online or Westpac One®1 digital banking.
Optional Debit Mastercard®¹
Access your funds anywhere Mastercard® is accepted.
Pay bills and expenses
Use Westpac One® or Business Online to set up single or multiple payments online to other bank accounts.
Collect payments
Accept payments in your account by direct debit or EFTPOS/credit card facilities.
Tax exemption
If you let us know that you have RWT Exempt Status from Inland Revenue, we will not deduct withholding tax from interest earnings.
Interest rates.
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 without notice. 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.
Fees.
All other services and products not listed will incur Westpac’s normal processing charges, refer to the Business Transaction and Service Fees brochure. Westpac fees and charges are subject to change from time to time.
Open an account.
Visit a branch
Make an appointment at your local branch with your identification and proof of address.
FAQs.
What types of organisations are eligible for this account?
In general, schools, churches, religious bodies, social clubs, community services, charities and organisations that are genuinely community focused. Our eligibility criteria applies - contact us if you’re not sure whether your organisation is eligible.
What do I need to provide to open this account?
All our customers need to confirm their identity and address with us to keep their accounts secure and comply with New Zealand law which includes organisations and the individuals associated with the organisation. See full lists of customer identification and address requirements.
How can I change account signatories?
You will need to complete the Making Changes to Accounts for Organisations form and return to us.
Things you should know.
Details of Westpac’s General Terms and Conditions are available here or free of charge from any Westpac branch.
1 Only available for those customers with accounts where one person can authorise a transaction.
2 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.
3 Business Online bulk payment and bulk direct credit fees apply. See other service fees or the Business Transaction and Service Fees brochure for more details.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.