Westpac Business One
Essentials
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Exclusive online offer for limited time.
Ends 31 May 20121.
- Our Business One transaction account comes with a $0 monthly plan fee (Low and High plans) for the first 6 months when you open your new account online before 31 May 20121
- $0 monthly plan fee for 6 months (currently $6.50 per month for a Business One - Low Plan and $15 per month for a Business One - High Plan)
- 3 plans available, giving you flexibility and choice. You choose the plan for your business (Low, High or Negotiator) based on the number of transactions and monthly balance of your business
- Save time and money by exporting transactions to your accounting software
- 24/7* access via Online, Mobile and Telephone Banking, ATM, branch
- Access to over 2,800 Westpac, St.George, Bank of Melbourne and BankSA ATMs.
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Need help choosing the right plan?
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Related documents
Things you should know
- 1. If you open a new Business One account (Low or High Plan) online between 01 May 2012 and 31 May 2012, you will not pay a monthly plan fee for 6 months from the date your account is opened. At the end of the 6 month period, the prevailing monthly plan fee (currently $6.50 for a Business One - Low Plan and $15 for a Business One - High Plan) will apply. Standard monthly free transaction values and other fee conditions continue to apply. Offer does not apply to Business One - Negotiator plan accounts.
- * Subject to system availability.
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Features
| Low plan | High plan | Negotiator plan | |
|---|---|---|---|
| Suitability | Ideal for businesses with a low number of business transactions | Best suited to businesses that transact frequently | Businesses with a high credit balance or large transaction volume may be eligible |
| Monthly allowable transaction value | $15.00 | $45.00 |
Details as negotiated with a Relationship Manager |
| What could be included in your monthly allowable transaction value? |
75 electronic transactions or 25 cheques or 15 branch transactions |
321 electronic transactions or 90 cheques or 45 branch transactions |
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| Is interest payable? | No | Yes | Yes |
| Is there a line of credit option (Business Overdraft)1 | Yes | Yes | Yes |
- Make payments on the go with a customised chequebook
- Earn extra interest on any excess cash when you link your Business One to a Cash Reserve account.
Link to a Business Debit MasterCard ®
Business Debit MasterCard® is a secure and convenient way to access your own funds at ATMs and merchants throughout Australia and overseas. You can also use your Business Debit MasterCard® on the internet or over the phone and pay bills using BPAY®.
Link a line of credit
Business Overdraft offers flexible repayment options, perfect for covering business expenses whilst you are waiting to be paid.
Business One also offers paperless eStatements which not only helps the environment but provides ready access to 7 years of account activity. You're simply sent an email each month and you sign in to Online Banking to view your statement.
Related documents
Things you should know
- 1. Applications for finance are subject to the Bank's prevailing lending criteria. Must be over 18 years of age.
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To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format. - BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
- MasterCard® is a registered trademark of MasterCard International Incorporated.
Fees
| Low plan | High plan | Negotiator plan | |
|---|---|---|---|
| Monthly plan fee | $6.50 | $15.00 | Fee structure is negotiated with a Relationship Manager |
| Included monthly free transaction value | $15.00 | $45.00 |
| Low plan | High plan | Negotiator plan | |
|---|---|---|---|
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Monthly allowable transaction value (Fees and charges will apply if you exceed this) |
$15.00 | $45.00 | As negotiated with a Relationship Manager. |
| Low plan | High plan | Negotiator plan | |
|---|---|---|---|
| Electronic transactions (including EFTPOS, Online and Telephone Banking)1 | $0.20 | $0.14 | Cost on application |
| Cheques deposited/collected2 | $0.60 | $0.50 | |
| Withdrawal/deposit at branch3 | $1.00 | $1.00 | |
| Narrated credits4 | $1.00 | $1.00 |
| Low, High or Negotiator plan | |||
|---|---|---|---|
| Non-Westpac/St.George/Bank of Melbourne/BankSA branded ATMs within Australia (cash withdrawals or balance enquiries)5 | Nil | ||
| Overseas ATM cash withdrawals6 | $5.00 Nil for cash withdrawals from ATMs belonging to institutions in the Global ATM Alliance. | ||
| Overseas ATM balance enquiry | Nil | ||
| Westpac Foreign Transaction Fee7 | The fee amount charged is dependent on the nature of the transaction. | ||
| Low, High or Negotiator plan | |
|---|---|
| Non-Westpac/St.George/BankSA branded ATMs (within Australia)5 | Nil |
| Business Telephone Banking8 | 20 free enquiries per month then excess enquiry fees are charged: $0.25 for self service and $0.65 for staff assisted. These excess enquiry fees do not apply if the minimum monthly balance in the account is greater than $5,000 or a minimum $5,000 overdraft exists. |
| Business Online Banking | Free |
Other bank charges apply.
Related documents
Things you should know
- 1.EFTPOS and ATM withdrawal fees are not applicable if your business account does not have card access. Does not include Pay Anyone and Periodical Payment service fees. For payments made using Pay Anyone or Periodical Payment through Business Online, a service fee will be charged in addition to the Electronic transaction fee highlighted in this section. Read the Online Banking Terms and Conditions for further information
- 2.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
- 3.The branch staff assisted electronic fee is applicable if your business account does not have card access
- 4. Narrated credits are branch transactions using a serial number encoded deposit slip designed to allow you to identify the deposit from the serial number used
- 5.Non-Westpac/St.George/Bank of Melbourne/BankSA branded ATMs apply an ATM operator fee by the ATM Owner, which is disclosed at the time of the transaction on the ATM screen. This fee will be debited on the day (or next business day) of the transaction and itemised separately on your statement
- 6.Some overseas banks may also apply a surcharge to withdrawals from their ATMs. This should be drawn to your attention before you proceed with your transaction. This surcharge amount will be added to your withdrawal amount, converted to Australian dollars and debited to your account as one transaction. Details of how to access your accounts via an ATM while overseas, and of the participating institutions in the Global ATM Alliance, are available in the 'A banking guide for overseas travel' brochure. Visit your local branch, call Business Telephone Banking for further details or sign-in to www.westpac.com.au/business
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7.The Westpac Foreign Transaction fee is payable and will be incorporated into the $AUD transaction amount shown on your statement. The fee charged will either be:
(a) 3% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located outside of Australia (comprising of 2% Westpac Processing Fee plus 1% Westpac On-Charged Scheme Fee)
(b) 2.2% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located in Australia (comprising of 2% Westpac Processing Fee plus a Westpac On-Charged Scheme Fee of 0.2%) - 8.Account enquiries include balance enquiries and obtaining the details of a deposit or withdrawal. An account balance received immediately after, and as part of, a withdrawal transaction is exempt from fees and does not count towards the number of free transactions
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Rates
| Balance | Low plan | High plan | Negotiator plan |
|---|---|---|---|
| $0 - $1,999 | Nil | 0.00 | Rate on application |
| $2,000 - $4,999 | Nil | 0.01 | Rate on application |
| $5,000 - $9,999 | Nil | 0.01 | Rate on application |
| $10,000 - $19,999 | Nil | 0.01 | Rate on application |
| $20,000 - $49,999 | Nil | 0.05 | Rate on application |
| $50,000 - $99,999 | Nil | 0.05 | Rate on application |
| $100,000 - $249,999 | Nil | 0.20 | Rate on application |
| $250,000 - $499,999 | Nil | 0.90 | Rate on application |
| $500,000 plus | Nil | 1.65 | Rate on application |
Interest is calculated daily and paid monthly. Interest rates are current as at 04 May 2012.
Related documents
Things you should know
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