Rates and fees
|Settlement source||Internet trading brokerage (GST inclusive)|
|Westpac Cash Investment Account1||$19.95 or 0.11%2|
|Other bank account||$29.95 or 0.29%2|
|Westpac Online Investment Loan||$19.95 or 0.11%2|
Exchange Traded Options
|Settlement source||Internet trading brokerage (GST inclusive)|
|Westpac Cash Investment Account1||$38.95 or 0.35% of trade value2|
|Other bank account||$43.95 or 0.44% of trade value2|
||Internet and phone trading brokerage fee (GST free)|
New York Stock Exchange
NYSE Amex Equities
USD $19.95 for trades up to USD $5,000; or
USD $29.95 for trades up to USD $10,000; or
0.31% for trades above USD $10,0003
Westpac Cash Investment Account
Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account.
|Account balance||Interest rate|
|> $250,000||0.10% p.a.|
|$100,000.01 - $250,000||0.05% p.a.|
|$50,000.01 - $100,000||0.05% p.a.|
|$20,000.01 - $50,000||0.05% p.a.|
|$10,000.01 - $20,000||0.05% p.a.|
|$0 - $10,000||0.05% p.a.|
|Bonus interest rate for balances of $5 million or less4||0.30% p.a.4|
|Australian shares||Fee (GST inclusive)|
|Issuer Sponsored sales||$15 per trade in addition to brokerage6|
|Ad hoc Confirmation Request||$5|
|Confirmation Postal Fee (Share Trading only)||$2 per confirmation|
|Early Settlement Fee||$50 minimum|
|Fail Fee (Buy and Sell)||$25 + 0.1% of trade value. Minimum $125 per contract per day|
|Exchange Traded Options||Fee (GST exclusive)|
|ASX Clear Exercise or Assignment Fee (Equity Options)||$0.05 per contract7|
|ASX Clear Registration Fee (Equity Options)||$0.13 per contract7|
|ASX Clear Exercise or Assignment Fee (Index Options)||$0.35 per contract7|
|ASX Clear Registration Fee (Index Options)||$0.45 per contract7|
|Administration||Fee (GST inclusive)|
|Off-market Transfer – CHESS||$50 per stock|
|Off-market Transfer – Non-CHESS||$65 per stock|
|Replacement CHESS Statement Fee||$20 per statement|
|Stop Payment of Cheque||$15|
|Telegraphic Transfer Fee||$25|
|Global markets||Fee (GST free)|
|Custody fee for inactive accounts8||USD$63.50 per year|
|Outgoing account transfers to either another custodian or direct registration to client (U.S. securities only)||USD$90.00 per transfer|
|Foreign Securities Custody Fee||USD$2.00 per non-U.S. holding of security per month, per account|
|Posted trade confirmation or statement fee||USD$2.00 per trade confirmation or statement|
|Miscellaneous exchange and regulatory fees||At cost9|
|Incoming account transfers (U.S. and non-U.S. securities)||At cost9|
|Outgoing account transfers (non U.S. securities)||At cost9|
|Transfer in/out of DRS eligible securities||At cost9|
|Outgoing wire transfer of funds from Pershing account to any bank account||At cost9|
Things you should know
Westpac Share Trading is a service provided through Westpac Securities Limited ABN 39 087 924 221, AFSL 233723 ("Westpac Securities") is a service provided by Australian Investment Exchange Ltd ABN 71 076 515 930, AFSL 241400 ("the Participant"), a market Participant of the Australian Securities Exchange Limited (ASX) and Chi-X Australia, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. The Participant is not authorised to carry on business in any jurisdiction other than Australia. Accordingly, the information contained in this website is directed to and available for Australian residents only.
This information has been prepared without taking account of your objectives, financial situation or needs. For this reason, you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs and, if necessary, seek appropriate professional advice.
Australian Investment Exchange Ltd ABN 71 076 515 930, AFSL 241400 tries to ensure that the information provided is complete and correct but readers are advised to check any important item(s) with us before making any decisions.
The Westpac Cash Investment Account and Online Banking are issued by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233713. Conditions, fees and charges apply. Read the before deciding.
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1 Westpac Cash Investment Account applies only where settlement is by direct debit or direct credit to the Westpac Cash Investment Account.
2 Brokerage is calculated as the greater of the minimum brokerage or percentage of the transaction amount. ASX Clear fees are charged in addition to brokerage charges for Options Trading.
3 For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage being applied. Unless otherwise indicated, where a fee is expressed as a percentage, it refers to a percentage of the transaction value.
4 In order to be eligible to receive Bonus Interest, you must settle three or more ASX Trades via your linked Westpac Share Trading account within one calendar month. The Bonus Interest will be paid in addition to the tiered interest paid to your account. Please note settlement for ASX Trades occur two business days after trade execution.
Bonus Interest will be paid on the last business day of the month and is calculated daily using the closing balance of your account on the last business day of the previous month and on each calendar day thereafter up to and including the second last business day of the current month.
Bonus Interest will be paid on balances of $5 million or less.
"ASX Trades" means trades in Australian shares, options, warrants, Exchange Traded Funds (ETF) and Exchange Traded Commodities (ETC). International Equity and International Option trades are excluded.
6 Please note this charge will be added to the resulting confirmation.
7 Charges incurred from the ASX Derivatives Clearing System have been set out on a GST exclusive basis as the total GST may be rounded in accordance with GST law.
8 Custody fees are applied to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Regular reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. Dividend reinvestment activity is not considered as a trade.
9 Fees are charged as per Pershing cost.
Global Markets trading is provided by Pershing LLC, ARBN: 108 110 149, AFSL no 271837, member FINRA, NYSE, SIPC through the Participant.