Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

Bank accounts no longer for sale

Key Features1
             
  Business Account / Business Cheque Account
Business Plus/Business Cheque Plus Account
Tax Management Account
Cash Management Account - Business
Cash Management Account Investor Option
Business Max-i Direct
Self Super Online
Monthly plan fee
$6.50 $13.00 Nil $5.00 $4.00 Nil Nil
Free transactions per month 16 40 Unlimited electronic deposits and 2 electronic withdrawals per month 12 free withdrawals or cheques deposited No free withdrawals. All deposits (except cheque deposits) are free Unlimited transfers between linked Westpac business accounts. Unlimited transfers.5
Interest payable No 2 Yes Yes Yes Yes Yes Yes
Interest rates (% p.a)3,4
             
  Business Account / Business Cheque Account
Business Plus/Business Cheque Plus Account
Tax Management Account
Cash Management Account - Business
Cash Management Account Investor Option
Business Max-i Direct
Self Super Online
$0 - $1,999 Nil   0% 0% 0% 0% 0.01% 0.55%
$2,000 - $3,999 Nil 0.01% 0% 0% 0% 0.01% 0.55%
$4,000 - $4,999 Nil 0.01% 0% 0% 0% 0.01% 0.55%
$5,000 - $9,999 Nil 0.01% 0.01% 0.01% 0% 0.01% 0.55%
$10,000 - $19,999 Nil 0.01% 0.01% 0.01% 0.01% 0.01% 0.55%
$20,000 - $49,999 Nil 0.01% 0.01% 0.01% 0.01% 0.01% 0.55%
$50,000 - $99,999 Nil 0.01% 0.01% 0.01% 0.01% 0.01% 0.55%
$100,000 - $249,999 Nil 0.01% 0.01% 0.01% 0.01% 0.05% 0.55%
$250,000 - $499,999 Nil   0.01% 0.01% 0.01% 0.01% 0.05% 0.55%
$500,000 plus Nil 0.01% 0.01% 0.01% 0.01% 0.05% 0.55%
Excess transaction fees1
             
  Business Account / Business Cheque Account
Business Plus/Business Cheque Plus Account
Tax Management Account
Cash Management Account - Business
Cash Management Account Investor Option
Business Max-i Direct
Self Super Online
Electronic $0.20 $0.20 $5.00 $0.75 $0.60 Excess Transaction Fees Nil
Cheques written $0.60 $0.60 $5.00 $0.75 $0.60   N/A
Cheques collected/deposited $0.60 $0.60 $5.00 $0.75 $0.65   $2.50
Branch $1.00 $1.00 $5.00 $1.65 $2.50   $5.00
Account access
             
  Business Account / Business Cheque Account
Business Plus/Business Cheque Plus Account
Tax Management Account
Cash Management Account - Business
Cash Management Account Investor Option
Business Max-i Direct
Self Super Online
Cheque access Yes Yes No Yes Yes No No
Credit card/ Handycard Yes Yes No Yes Yes No No
Business Online/ Telephone banking Yes Yes Yes Yes Yes Yes Yes
estatements Yes Yes Yes Yes Yes Yes Yes
BPAY (bill payments) Yes Yes Yes Yes Yes No No
Periodical payments Yes Yes Yes Yes Yes No No
Direct debits/ credits Yes Yes Yes Yes Yes Yes - direct credits
No - direct debits
Yes - direct credits
No - direct debits
Things you should know

Deposit Accounts for Business Customers (No longer available for sale) Terms and Conditions (PDF 821KB)

  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, 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. For Westpac Business Max-i Direct interest is payable on all teirs.
  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.