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While your cash flow looks healthy and everything seems to be going to plan, what happens if your business experiences a major unexpected event? If a machine breaks down or if a client’s payment is late, you might find yourself looking for extra cash at the last minute. If you plan ahead, you may be able to cover yourself for these situations.

Late payments

Keep your business running while you wait for your clients to pay.

Equipment breakdowns

Cover the cost to replace broken equipment and keep your business on track.

Business growth

Manage an unexpected influx of new business and buy the stock you need to fill your orders.

Preparing for the unexpected may cost less than you think

These are the fees for holding the products. Additional fees apply relating to the use of these products. See below to find out more.

Unsecured Business Overdrafts

1.20% p.a.
Monthly line fee1

Plus a $250 establishment fee

Limits available from $5,000 to $50,000.


For example:

A monthly line fee of 1.20% p.a. adds up to $120 per year for a $10,000 overdraft limit.1


BusinessChoice Everyday Mastercard®

$75 p.a.
Annual card fee

Limits available from $2,000 to $100,000.

What do we offer?

Unsecured Business Overdraft

  • No asset security (director’s guarantee may be required)
  • No minimum monthly repayments
  • Get a decision in 3 minutes*

Why choose an overdraft?

An overdraft could be an alternative for unexpected invoices or for covering payments that can't be made on a credit card, such as staff salary and wages.

Key rates and fees

  • 11.71% p.a. variable interest rate
  • 1.20% p.a. line fee charged monthly
  • $250 sign-up fee.

BusinessChoice Everyday Mastercard®

  • Low annual card fee
  • Up to 55 days interest free
  • Fraud money back guarantee

Why choose a credit card?

A low rate credit card could be an alternative if you need to make a quick purchase to keep your business running, for example a new laptop.

Key rates and fees

  • 14.25% p.a. variable interest rate
  • 19.96% p.a. variable cash advance rate
  • $75 annual card fee.
Things you should know

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

* For existing eligible Westpac customers

1. 1.20% p.a. Line Fee charged monthly on the overdraft limit. For example: Based on a $10,000 limit and 31 days in a month: (1.20% of $10,000)/365 x 31 days = $10.19 per month.

BusinessChoice Cards Terms and Conditions (PDF 236KB)

Commercial Cards Insurance Policy (PDF 1MB)

Fees, charges and credit criteria apply. Read the terms and conditions available above before making a decision.

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

Annual card fee: For Altitude Business Platinum and Altitude Business Gold Mastercard credit cards, the annual card fee covers all cards associated with the product. For BusinessChoice Rewards Platinum Mastercard and BusinessChoice Everyday Mastercard credit cards, an annual card fee is payable for each card associated with the facility.

Mastercard is a registered trademark, and the circles design and tap & go are trademarks of Mastercard International Incorporated.

Westpac Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the BusinessChoice Everyday MasterCard terms and conditions for full details, including when a customer will be liable.