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Essentials

Business Flexi account comes with the following features and services for your everyday business banking:

 

Getting the most from your Business Flexi account (optional extras)

  • eStatements - Stay on top of your finances with less clutter
  • Export your transactions - Save time and money by exporting transactions to your existing accounting software
  • Business overdraft - Link your Business Flexi account to Business Overdraft to access additional funds when cash flow is low4

Interest is calculated daily and paid monthly on balances of $20,000 or more. Rates are current as at 23rd August 2016 and may be changed at any time.

 

Variable interest rates (% p.a.) - Business Flexi

Amount Rate
$0 - $9,999 0%
$10,000 - $19,999 0%
$20,000 - $49,999 0.01%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.40%
$250,000 - $499,999 0.60%
$500,000+ 0.60%

 

Variable interest rates (% p.a.) - Bank Undertaking Security Deposit

Amount Rate
$0 - $9,999 0.05%
$10,000 - $19,999 0.05%
$20,000 - $49,999 0.05%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.40%
$250,000 - $499,999 0.60%
$500,000+ 0.60%
Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 11MB)

Business Debit MasterCard® Terms and Conditions (PDF 2MB)

To be eligible to apply for Business One account, your business must be registered in Australia.

1. 24/7 access is subject to system availability.
2. Winner of the Best Innovative Online Banking Service in Money Magazine’s 2015 Best of the Best Innovation awards, 2015 AB+F’s Best Banking Website/New Online Banking Offering of the Year, and Good Design Award in the category of Digital and Online design - Good Design Australia 2014.
3. Business Debit MasterCard® holders need to be at least 18 years of age, and other eligibility criteria apply.
4. Westpac’s normal lending criteria applies. Fees and charges apply and are available on request.

Narrated credits
Branch transactions using a serial number encoded deposit slip enabling you to identify the deposit from the serial number used.

Overseas ATM cash withdrawal surcharges
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 whilst 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.

Westpac Foreign Transaction Fee
This fee 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%).

Business Telephone Banking enquiries - Low or High
Account enquiries include balance enquiries and obtaining the details of a deposit or withdrawal.

20 free enquiries per month, then:  $0.25 for self service and $0.65 for staff assisted (does not apply if the minimum monthly balance in the account is greater than $5,000 or a minimum $5,000 overdraft exists)
An account balance enquiry received immediately after, and as part of, a withdrawal transaction is exempt from fees and does not count towards the monthly number of free transactions.

Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.

MasterCard® is a registered trademark of MasterCard International Incorporated.

Online Banking Terms and Conditions

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.

Find out what information you need to provide to become a customer