Westpac’s team of dedicated Education Relationship Managers, work with schools to help understand their strategic goals and find new ways to achieve great outcomes, no matter how large or small they are.
Business Transaction Accounts
A Business One Transaction Account is an easy option for paying money in, or taking money out.
Two account options, Low or High Plan, depending on how many branch or cheque transactions you do. Unlimited free electronic transactions and no withdrawal fees from over 53,000 ATMs globally. Link a Business Debit Mastercard®, with the ability to provide a limited access card to employees.
Whether you are starting up, expanding or running a not-for-profit, we have a range of business bank accounts to help you:
- Business One - Low Plan: Our most popular business bank account with 25 free transactions per month. Ideal if you are starting a new business.
- Business One - High Plan: Business transaction account that comes with 60 free transactions per month. Ideal for businesses with high number of transactions.
- Business Flexi: Only pay for the transactions you make, while earning interest on large balances.
- Foreign Currency Account: Make and receive payments in a foreign currency without the need to convert each time.
- Community Solutions Cheque Account: Everyday transaction account for not-for-profit organisations.
Find out more on Business Transactions Accounts
Debt structure and capacity modelling
Our Education Specialist Bankers can provide your school with debt capacity and debt structuring modelling. Based on your unique data and a range of scenarios the results presented can simplify and assist in your school investment and debt decision making process.
For more information contact your Relationship Manager today.
Managing cash flow
Your Education Relationship Manager can assist you with the cash flow management of your business, connecting you with specialist bankers who can provide you with the right advice including cash flow management to ensure your business is operating to the optimum cashflow efficiency and assistance with management of accounts payable and receivable.
Find out more on manage cash flow
We can help you finance equipment and motor vehicles without tying up large amounts of capital. We understand how important it is to have the latest equipment. Westpac provides Finance Lease and Asset Finance Facilities, which allows you to finance the purchase of equipment and motor vehicles for business purposes.
We offer a choice of terms to suit your cash flow needs and the life of the equipment, with a rate that is fixed for the term of the agreement, including a revolving facility that makes obtaining additional funds easier, with no capital outlay required.
Find out more on Equipment Finance
Combining powerful market and industry insight with a deep understanding of our customers to create tailored solutions. These different layers of understanding enable us to provide our customers with greater visibility of the challenges they face and a strategic advantage when it comes to the early identification of opportunities.
Providing innovative ways to leverage and strengthen cash positions and building upon our specialist industry expertise in areas such as infrastructure or natural resources, are just some of the ways we’re helping our customers tap into new opportunities.
Find out more about Financial markets.
As part of our commitment to providing specialised banking solutions, we have developed specific lending policies tailored to your unique requirements. Our lending policy allows you to use the value of your existing business to set up or expand - and we’ll recognise the value of your cashflow, goodwill and professional standing.
We have a range of products and services, specifically designed to help you invest in various property types. We provide competitive fixed interest rates to save you money and finance is available without tying up other business assets.
For businesses of any size, our employer plan is simple to run, while for those who like to self-manage, there's DIY super; with everything to assist you with life after work.
Self-managed superannuation funds are a smart new way to set up, invest and manage your self-managed super fund, all in one place.
Corporate Superannuation. BT Lifetime Super Employer Plan in an uncomplicated business superannuation solution that's easily managed via a dedicated website and phone support team. It provides:
- MySuper compliant default options for members
- Can be tailored simply for SMEs; yet scalable and flexible for corporate demands
- Flexible insurance options to suit varied needs of employees.
For more information, visit business banking superannuation
Flare HR provides a comprehensive cloud-based human resources and employee benefits platform to streamline the process while increasing engagement and empowering employees to be better informed about financial services and products. Flare manages everything from on-boarding of new employees to payroll and performance reviews, bringing together a best-in-class suite of applications to power the process.
Find out more on Flare HR.
Helicopter Schools Program
The Westpac Lifesaver Rescue Helicopter Schools Program is a fun and educational resource developed to teach primary school students about this iconic emergency service. It has been created by Westpac, in conjunction with the Westpac Lifesaver Rescue Helicopter Bases, Surf Life Saving Australia and an independent education agency for students, teachers and parents to provide information about the Westpac Lifesaver Rescue Helicopter Service and the important emergency service they provide to communities all over Australia.
Teachers can review the resources and implement them in their classroom. Ideally they would show the video episodes in class and then perform the lesson plans which align to the content. Lesson plans are also designed to be used in a flexible manner in the classroom so teachers can adapt each activity to suit their students and their schools teaching format.
The Westpac Lifesaver Rescue Helicopter Schools Program app also offers children an opportunity to play and learn. There are two play-based learning games – 'Rescue Rangers' and 'Westpac Little Ripper' – as well as digital lessons to educate children about the iconic emergency rescue service.
For more information, visit www.westpacrescue.com.au/schools
You might be surprised how often Australia's younger generation will need to use maths in their day-to-day lives. Even more surprising is how far Australia is slipping behind in numeracy standards compared to other countries. That's why we're putting our hand up to help today's students know their numbers. This way, they'll be better able to handle tomorrow's challenges.
To celebrate our 200th birthday, we're giving Australia free access to maths education through Mathspace Essentials. This new partnership will give all Australians the opportunity to boost their maths skills.
On Mathspace Essentials, students from years 3 to 12 can immerse themselves in literally thousands of interactive maths questions, covered in the Australian Curriculum.
Mathspace is a cutting edge platform that provides step-by-step learning online – to help understand the steps it takes to reach a correct answer. You also receive helpful hints and video lessons created by real maths teachers along the way.
Access Mathspace Essentials for free, thanks to Westpac (a saving of $99 per year).
Westpac and Mathspace are also introducing Solve to Save – a new program which earns financial rewards for students when they successfully complete weekly tasks using Mathspace Plus program. You need to subscribe to Mathspace Plus for $10 per week and link an eligible Westpac bank account. When the student successfully completes their weekly maths tasks, $10 will be deposited into the nominated Westpac account.
For more information, visit info.westpac.com.au/200/#mathspace
Davidson Institute and financial education
Building confidence today for a better financial future: Davidson Institute, named after Sir Alfred Davidson the pioneer of Westpac financial education.
Whether you’re starting your business, operating your business or growing your business, the Davidson Institute offers a range of money management topics for individuals, businesses, not for profit organisations and community groups.
For more information visit www.davidsoninstitute.edu.au/business
Things you should know
This information is general information only and does not constitute any recommendation or advice. The information is current at 25 August 2017 and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to your objectives, financial situation and needs. You should also consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed herein.
Deposit Accounts for Business Customers Terms and Conditions (PDF 848KB)
To be eligible to apply for Business One - Low Plan, Business One - High Plan or Business Flexi, your business must be registered in Australia.
Open a new Business One Low Plan account between 7 August and 29 September 2017 to have the Monthly Plan Fee waived for the first 12 months. At the end of the 12 month period the standard Monthly Plan Fee, currently $10, applies to the Business One Low Plan. Other fees and charges, terms and conditions, apply to the Business One Low Plan. Before deciding to acquire or hold any of these products, you should read the terms and conditions and consider whether the product is suitable for you.
Westpac Community Solutions Cheque Account is available for not-for-profit organisations including companies operating on a non profit or charitable basis. Westpac reserves the right, with at least 30 days written notice, to change the account to a Westpac Business One - Low Plan if it considers that the account is being used for profit-making purposes.
World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.
BT Funds Management Limited ABN 63 002 916 458 AFSL No. 233724 RSE No. L0001090 is the trustee of the BT Lifetime Super - Employer Plan ABN 39 827 542 991, RSE R1001327 (Fund) and is the issuer of interests in the Fund. A Product Disclosure Statement (PDS) is available for the Fund and can be obtained by calling 132 135, downloading the Member Booklet and/or the Employer Booklet. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in the Fund.
An investment in the Fund is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of the Bank, any other company in the Westpac Group or any appointment investment manager stands behind or otherwise guarantees the capital value or investment performance of the Fund.
You can download the or obtain a copy by calling 132 135, visiting bt.com.au or from any Westpac branch.