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Bank accounts no longer for sale

Key Features1
       
  Business Account / Business Cheque Account
Business Cheque Plus Account
Cash Management Account - Business
Self Super Online
Monthly service fee
$8.50 $13.00 $5.00 Nil
Free transactions per month 20
40 12 free withdrawals or cheques deposited Unlimited transfers5
Interest payable No2 Yes Yes Yes
Interest rates (% p.a.)3,4
       
  Business Account / Business Cheque Account
Business Cheque Plus Account
Cash Management Account - Business
Self Super Online
$0 - $1,999 Nil   0% 0% 0.55%
$2,000 - $3,999 Nil 0.01% 0% 0.55%
$4,000 - $4,999 Nil 0.01% 0% 0.55%
$5,000 - $9,999 Nil 0.01% 0.01% 0.55%
$10,000 - $19,999 Nil 0.01% 0.01% 0.55%
$20,000 - $49,999 Nil 0.01% 0.01% 0.55%
$50,000 - $99,999 Nil 0.01% 0.01% 0.55%
$100,000 - $249,999 Nil 0.01% 0.01% 0.55%
$250,000 - $499,999 Nil   0.01% 0.01% 0.55%
$500,000 plus Nil 0.01% 0.01% 0.55%
Excess transaction fees
       
  Business Account / Business Cheque Account
Business Cheque Plus Account
Cash Management Account - Business
Self Super Online
Self-service (electronic) $0.20 $0.20 $0.75 Nil
Cheques written $0.60 $0.60 $0.75 $5.00
Cheques collected/deposited $0.60 $0.60 $0.75 $2.50
Branch $1.00 $1.00 $1.65 $2.50
Account access
       
  Business Account / Business Cheque Account
Business Cheque Plus Account
Cash Management Account - Business
Self Super Online
Cheque access Yes Yes Yes Yes
Credit card/ Handycard Yes Yes Yes No
Business Online/ Telephone banking Yes Yes Yes Yes
estatements Yes Yes Yes Yes
BPAY (bill payments) Yes Yes Yes No
Periodical payments Yes Yes Yes No
Direct debits/ credits Yes Yes Yes Yes - direct credits
No - direct debits
Things you should know

Deposit Accounts for Business Customers (No longer available for sale) Terms and Conditions (PDF 9MB)

  1. Fees and charges may be payable. See full terms and conditions. These may be varied or new terms and conditions introduced in future.
  2. No credit interest is paid on Business Account or Business Cheque Account.
  3. 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.
  4. For applicable accounts, 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.
  5. Transfers must be between the Westpac Self Super Online account and other Westpac Business accounts held by customer in the same name(s) as the Westpac Business Self Super Online account, using Westpac Online, Business Online or automated Telephone Banking only.