Business One - Flexi

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Essentials

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

No monthly service fee
Pay-as-you-go fee structure, only pay fees for the transactions you make
Pay no ATM withdrawal fee at over 10,000 Australian ATMs as well as at over 50,000 ATMs globally via the Global ATM Alliance¹. Other fees may apply.
Link your account to a Business Debit Mastercard^® and use your own money for your business purchases online and worldwide, wherever Mastercard is accepted^.2

Getting the most from your Business One - 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 savings account - Complement your Business One account with Business Cash Reserve savings account that comes with no monthly service fee and earn variable interest on the full account balance
Business overdraft - Link your Business One - Flexi account to Business Overdraft to access additional funds when cash flow is low³

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Fees

Account fees

Account	Amount
Monthly service fee	$0

Transaction fees (charged per transaction)

Transaction	Amount
Self-service (electronic) withdrawals	$0.50
Self-service (electronic) deposits	$0.50
Cheques written	$1.00
Cheques collected or deposited (Additional charge for the branch transaction may apply)	$1.00 per cheque
Branch assisted withdrawal	$2.50
Staff assisted deposit	$2.50
Narrated credits	$2.50
Non-Westpac/St.George/BankSA/Bank of Melbourne branded ATMs within Australia (cash withdrawals or balance enquiries). An ATM operator fee (disclosed at the time of the transaction) may be applied by the ATM owner.	$0
Overseas ATM cash withdrawal (An overseas bank surcharge may also apply)	$5.00 or Nil for cash withdrawals from ATMs belonging to Institutions in Global ATM Alliance
Overseas ATM balance enquiry	$0
Westpac Foreign Transaction Fee	The fee amount charged is dependent on the nature of the transaction, as set out below.

Account enquiries

Enquiries	Amount
Non-Westpac/St.George/Bank of Melbourne/BankSA branded ATMs within Australia (cash withdrawals or balance enquiries). An ATM operator fee (disclosed at the time of the transaction) may be applied by the ATM owner.	$0
Business Telephone Banking. 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 fee free transactions.	20 free enquiries per month then excess enquiry fees are charged per excess Business Telephone Banking enquiry: $0.25 self-service, $0.65 staff-assisted . Note the Business Telephone Banking excess enquiry fees on these accounts do not apply if the minimum monthly balance in the account is greater than $5,000 or a minimum $5,000 overdraft exists (where applicable).
Business Online Banking	Free

Rates

Interest is calculated daily and paid monthly on certain balances. Rates are current as at 18th May 2018 and may be changed at any time.

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

Amount	Rate
$0 - $9,999	0.01%
$10,000 - $19,999	0.01%
$20,000 - $49,999	0.01%
$50,000 - $99,999	0.05%
$100,000 - $249,999	0.10%
$250,000 - $499,999	0.10%
$500,000+	0.10%

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%

Variable interest rates (% p.a.) - Business One Flexi (Controlled Money and Trust Accounts)

This account is only available to members of professional associations who are required by law to deposit funds held on behalf of their clients to a trust account with a financial institution. Approval of applications is at the discretion of the bank.

Amount	Rate
All balances	1.15%

Variable interest rates (% p.a.) - Business One Flexi for Security Deposit

This is only available for sale in Victoria for Relationship Managers and Relationship Bankers specialised in the real estate industry. Approval of applications is at the discretion of the bank.

Amount	Rate
All balances	1.15%

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Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 368KB)

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. Global ATM: A 3% Westpac Foreign Transaction Fee applies to overseas debit or credit card withdrawals. A 2% cash advance fee applies to credit card withdrawals where the "Credit" option is selected. A list of Global Alliance members is available. It is important to know that the functionality to withdraw money from a linked Westpac account via Credit Card is not available when using overseas ATMs, including Global Alliance ATMs. To ensure access to Savings and or Cheque account funds when overseas please speak to us about obtaining a Debit Mastercard^®.
2. Business Debit Mastercard holders need to be at least 18 years of age, and other eligibility criteria apply.
3. Westpac’s normal lending criteria applies. Fees and charges apply and are available on request.

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.

Online Banking Terms and Conditions

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

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World Mastercard^®, Mastercard^® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.