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Rates and fees

Brokerage rates

Below are some examples of our brokerage rates. For a full list of brokerage rates, available markets and fees, please download our Fees and charges schedule (PDF 59KB) or refer to the Westpac Share Trading Financial Services Guide.


Australian Shares

Settlement source Internet trading brokerage (GST inclusive)
Westpac Cash Investment Account1 $19.95 or 0.11%2
Other bank account10 $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 account10 $43.95 or 0.44% of trade value2

Global markets

Internet and phone trading brokerage fee (GST free)

United States

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

Interest rates

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
$0 to $9,999 1.30% p.a.
Above $9,999 to $19,999 1.30% p.a.
Above $19,999 to $49,999 1.30% p.a.
Above $49,999 to $99,999 1.30% p.a.
Above $99,999 to $249,999 1.65% p.a.
Above $249,999 to $999,999 2.25% p.a.
Above $999,999 to $4,999,999 3.00% p.a.
Above $4,999,999 and over 3.00% p.a.
Bonus interest rate for balances of $5 million or less4 0.10% 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 
Trade Reversal $40 


Exchange Traded Options Fee (GST exclusive)
ETO Contract Exercise or Assignment Fee (Equity Options)  $0.05 per contract
ETO Contract Registration Fee (Equity Options)  $0.13 per contract
ETO Contract Exercise or Assignment Fee (Index Options)  $0.35 per contract
ETO Contract Registration Fee (Index Options)  $0.45 per contract


Administration Fee (GST inclusive)
Bank Cheque $10
Dishonoured Cheque $20
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 Cboe 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 233714. Conditions, fees and charges apply. Read the Terms and Conditions before deciding.

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.

Important information for customers who change their existing settlement account to Westpac Cash Investment account.

If you open a Westpac Cash Investment account while you have unsettled open share orders on your existing Westpac Share Trading account, you are not eligible to receive Bonus Interest until:

  1. Your open share orders are closed, and
  2. You contact Westpac Share Trading to notify your orders have been closed (so that they may update your eligibility to earn Bonus Interest). 

Until you do both of the above, you will not be eligible to earn Bonus Interest – even if you settle 3 or more ASX Trades via your linked Westpac Share Trading account after opening your Westpac Cash Investment account.

"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.


10 From 3 June 2023 requests to nominate a Cash account must be an approved Westpac Bank account. Approved Westpac accounts may be subject to change from time to time. Different brokerage rates may apply. Please refer to the  Westpac Share Trading Financial Services Guide for more details.