Westpac Business Cash Reserve

Earn interest on your collected GST and access your funds anytime you need them with our most popular business online savings account.

Open your account in less than 10 minutes

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Essentials

Business Cash Reserve savings account comes with the following features and services:

No monthly service fee
Earn tiered interest on all balances, interest is calculated daily and paid monthly
24/7 access¹ to your account through our award winning Westpac Online, Mobile & Tablet Banking² or Business Telephone Banking
To operate your Business Cash Reserve account, you need to have a Westpac business transaction account in the same name. This lets you move your money between these accounts as often as you like, for free when using online or automated telephone banking

Make the most of your Business Cash Reserve account with these optional extras:

eStatements - Stay on top of your finances with less clutter
Export your transactions - Save time and money by exporting transactions to your existing accounting software from Westpac Online

Fees
Rates

Fees

Account fees

Account	Amount
Monthly service fee	$0
Number of free transactions per month	Unlimited transfers between other Westpac Business accounts held by customer in the same name(s) as the Westpac Business Cash Reserve account, using Business Online Banking or automated Business Telephone Banking only.

Transaction fees (charged per transaction)

Transaction	Amount
Self-service (electronic) withdrawals- transfers between other Westpac business accounts by Business Online Banking or automated Business Telephone Banking	$0
Self-service (electronic) deposits	$0
Cheques collected or deposited (Additional charge for the branch transaction applies)	$2.50 per cheque
Staff assisted withdrawal (not usually available)	$5
Staff assisted deposit (including cheques)	$2.50
Narrated credits (not usually available)	$2.50

Account enquiries

Enquiries	Amount
Business Telephone Banking	$0
Business Online Banking	$0

Includes balance enquiries and obtaining deposit or withdrawal details. Other bank charges may apply. See Terms and Conditions

Rates

Interest is calculated daily and paid monthly. Rates are current as at 17th March 2020 and are subject to change at any time. They are tiered according to balance.

Amount	Variable base rates p.a.
$0 - $9,999	0.01%
$10,000 - $19,999	0.05%
$20,000 - $49,999	0.05%
$50,000 - $99,999	0.05%
$100,000 - $249,999	0.05%
$250,000 - $499,999	0.05%
$500,000+	0.05%

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Give us a call on 132 142
8am - 8pm, Mon - Fri (Sydney Time)
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Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 319KB)

To be eligible to apply for a Business Cash Reserve account, your business must be registered in Australia.

24/7 access is subject to system availability.
Winner of the Best Innovative Online Banking Service in Money Magazine’s 2015 Best of the Best Innovation awards, 2015 AB+F’s Best Banking Website/New Online Banking Offering of the Year, and Good Design Award in the category of Digital and Online design - Good Design Australia 2014.

Narrated credits

Branch transactions using a serial number encoded deposit slip enabling you to identify the deposit from the serial number used.

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

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

Important notice