Business transaction accounts comparison table
Things you should know
- 1.Eligibility criteria apply to Westpac Business One - Negotiator Plan. For more details contact your Relationship Manager or call Westpac Business on 132 142.
- 2.'Allowable transaction value' represents the value of transactions available under this plan. For example if you pay a $6.50 monthly plan fee you can access $15 worth of transactions without incurring additional fees. Unused value cannot be transferred or refunded. Once you have used up your allowable transaction value, excess transaction fees apply for each and every subsequent transaction and are calculated at the applicable rate according to the plan you have chosen.
- 3.No credit interest is paid on Westpac Business One - Low Plan.
- 4.Terms and conditions and fees and charges apply. Any line of credit application will be subject to the Bank's normal lending criteria.
- 5.EFTPOS and ATM withdrawal fees are not applicable if your business account does not have card access.
- 6.A deposit to an account with two cheques will count as three transactions, one for the deposit (which is charged as a branch transaction) and one for each cheque lodged because each item requires individual processing.
- 7.The branch staff assisted electronic fee is applicable if your business account does not have card access.
- 8.The interest rates shown above do not apply if you have a netted interest arrangement or set-off agreement. Credit interest, where applicable, is calculated daily and credited to the account monthly in arrears, on the last business day of each calendar month. Balances in your account on and after the last business day of the month, including deposits made to your account on or after the last business day of the month, will not be included in the interest calculation for that month, but the interest calculation for the following month. Interest is only payable on the amount of the closing daily balance in excess of $2,000. For example, if a customer's closing daily balance was $10,000, interest will be calculated on $8,000.
- 9.Credit interest rates for Westpac Business One – Negotiator Plan are by agreement.
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