Running your business over the holidays?
Spend less time on admin with Biz Invoice
Biz Invoice is an invoicing tool that can help streamline the process by allowing you to generate, send and manage invoices on the go. It is complimentary with Business One Low and High Plan accounts and most Foreign Currency Accounts - and is accessed through Westpac Online Banking on PC and mobile.1
Eligible sole traders with Biz Invoice can also now apply for and offer BPAY® as a payment option to their customers in addition to bank transfer payments. Apply in Biz Invoice Settings. Fees and charges apply.*2
New Payments Platform, helping you to get paid almost instantly3
Make and receive business payments in fast or near real-time, 24/7, between participating banks in Australia under the New Payments Platform (NPP). This means there’s no more waiting days for payments, helping you to know exactly where your business stands financially while on holidays.
Daily bank feeds to your accounting software
Stay on top of your transactions by connecting your eligible Westpac transaction accounts to your compatible accounting software or third party service providers (such as XERO, MYOB or QuickBooks) through Westpac Online Banking.4
Do you have extra staff working in your business over busy periods?
If you are an Administrator, Westpac Online Banking allows you to set the days and dates your Users can access your online banking, giving you complete control. See setting up access times for users.
Banking on the go when you’re away.
Manage your banking on the go and away from the office on your mobile or tablet. Download our mobile banking app to keep a check on balances, and make payments on the go.
Things you should know
1. To be eligible for Biz Invoice you must be registered for Online Banking and hold a Westpac Business One Low Plan or Business One High Plan account. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement at www.westpac.com.au/business-banking/online-banking/ and https://www.westpac.com.au/business-banking/bank-accounts/, before deciding.
2. BPAY Eligible Account Holders: To be eligible to set up BPAY Payments with Biz Invoice you must be registered for Online Banking and be a Sole Trader who is the sole owner of the Westpac Business One Low Plan or Business One High Plan account to which Biz Invoice is linked. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the and , before deciding. Terms, conditions, fees, charges and eligibility apply. Full details are available on application.”
3. Fast or near real-time payments are sent and received using Osko by BPAY and can be addressed to either a PayID or a BSB and account number. Near real-time payments require both the payer and payee to have Osko enabled accounts.
Payments may take longer in some instances, such as where there is a technical interruption to the service, there is a payment to a first time payee or when the payment is caught for additional security screening.
*Not all accounts are eligible to be included in a feed. These can include loan accounts and accounts requiring multiple authorisations for transactions.
Note: Bank Feed must be set up with Third Party Service Provider before it can be connected in Westpac Online Banking. If your Third Party Service Provider does not appear in the drop down menu in Westpac Online Banking, you may need to check that your provider is registered with Westpac. Should there be any changes in your user access or network access levels, you may need to disconnect your Bank Feed(s) as any access changes will not impact bank feeds.
BPAY® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.
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