Business One - Flexi

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Essentials

Pay-as-you-go fee structure, only pay fees for the transactions you make
No ATM withdrawal fee at over 10,000 Australian ATMs and over 50,000 ATMs globally via the Global ATM Alliance¹. Other fees may apply.
Link your account to a Business Debit Mastercard^®².

With Business One - Flexi you also get

Receive payments near instantly³

Our business bank accounts offer some of the fastest methods available for making and receiving payments. Find out more.

Bank Feeds

Link your account balances and transactions to your accounting software⁴, such as MYOB^®, XERO^TM or Quickbooks^®.

eStatements

View up to 7 years of statement history.

Westpac Protect™ Security Guarantee

If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions.

Fees
Rates

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 24th October 2019 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	0.01%
$100,000 - $249,999	0.01%
$250,000 - $499,999	0.05%
$500,000+	0.05%

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	0.10%
$250,000 - $499,999	0.10%
$500,000+	0.10%

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	0.55%

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	0.55%

Optional extras with your Business One - Flexi

Apply for Business Flexi

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Contact us

Give us a call on 132 142
8am - 8pm, Mon - Fri (Sydney Time)
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Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 384KB)

Business Debit Mastercard® Terms and Conditions (PDF 139KB)

^Account opening criteria applies.

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.

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

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 or 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.

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

BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.