Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

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 refer to the Westpac Share Trading Financial Services Guide.


Australian Shares

Settlement source Online trading brokerage (GST inclusive)

Westpac Cash Investment Account1

Westpac Online Investment Loan

Brokerage fee by transaction value: 

  • $4.95 (up to and including $1,000)
  • $9.95 (over $1,000 up to and including $3,000)
  • $19.95 (over $3,000 up to and including $10,000)
  • $29.95 (over $10,000 up to and including $28,000)
  • 0.11% (over $28,000)
Other bank account9 $29.95 or 0.29%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 account9 $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
Above $4,999,999 and over
3.00% p.a.
Above $999,999 to $4,999,999
3.00% p.a.
Above $249,999 to $999,999
2.25% p.a.
Above $99,999 to $249,999
1.65% p.a.
Above $49,999 to $99,999 1.30% p.a.
Above $19,999 to $49,999 1.30% p.a.
Above $9,999 to $19,999 1.30% p.a.
$0 to $9,999 1.30% 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 brokerage5
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 contract6
ETO Contract Registration Fee (Equity Options)  $0.13 per contract6
ETO Contract Exercise or Assignment Fee (Index Options)  $0.35 per contract6
ETO Contract Registration Fee (Index Options)  $0.45 per contract6


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 accounts7 USD$63.50 per year 
Outgoing account transfers to either another custodian or direct registration to client (U.S. securities only)  AUD$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 and statement subscription fee10 (effective 1 January 2024)
USD$2.00 per month, billed quarterly
Posted tax document fee11
USD$10.00, billed in March of the following year
Miscellaneous exchange and regulatory fees  At cost8
Incoming account transfers (U.S. and non-U.S. securities) At cost8
Outgoing account transfers (non U.S. securities)  At cost8
Transfer in/out of DRS eligible securities  At cost8
Outgoing wire transfer of funds from Pershing account to any bank account  At cost8


Things you should know

^When you settle through a Westpac Cash Investment Account, Westpac Online Investment Loan, or DIY Super Working Account. The DIY Super Working Account is no longer available for sale.


Westpac Securities Limited ABN 39 087 924 221, AFSL 233723 (‘Westpac Securities’) (trading as ‘Westpac Share Trading’) provides the opportunity to trade listed financial products through our arrangement with Australian Investment Exchange Limited ABN 71 076 515 930, AFSL 241400 (‘AUSIEX’), a wholly owned subsidiary of Nomura Research Institute, Ltd (‘NRI’). AUSIEX is a Market Participant of the ASX Limited (‘ASX’) and Cboe Australia Pty Ltd (‘Cboe’), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Neither AUSIEX nor Westpac Securities are representatives of each other. Westpac Securities is not a related party of AUSIEX, NRI, ASX or Cboe. Under this arrangement, all trading, clearing, settlement and stock sponsorship arrangements are directly with AUSIEX. AUSIEX 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.

You should read the Westpac Securities and AUSIEX Financial Services Guides (“FSGs”), which provide you with information on the services Westpac Securities and AUSIEX can provide. You can access the FSGs via

This website may contain material provided directly by third parties. This information is given in good faith and has been derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, no company in the Westpac Group nor any of their related entities, employees or directors (together, “Westpac”), nor AUSIEX, accepts responsibility for the accuracy or completeness of, or endorses any such material. This website may also contain links to external websites. Westpac does not accept responsibility for, or endorse the content of, such external websites. Except where contrary to law, Westpac intends by this notice to exclude liability for material provided directly by third parties and the content of external websites.

Neither Westpac nor any other company in the Westpac Group nor any of their directors, employees and associates nor AUSIEX, guarantees the security of this website, gives any warranty of reliability or accuracy nor accepts any responsibility arising in any other way including by reason of negligence for, errors in, or omissions from, the information on this website and does not accept any liability for any loss or damage, however caused, as a result of any person relying on any information on the website or being unable to access this website. This disclaimer is subject to any applicable contrary provisions of the Australian Securities and Investments Commission Act and Competition and Consumer Act.

The Westpac Cash Investment Account is issued by Westpac Banking Corporation ABN 33 007 457 141, AFSL and Australian credit licence 233714. Please read the Westpac Cash Investment Account Terms and Conditions (PDF 283KB) and consider if a Westpac Cash Investment Account is suitable for you. A Target Market Determinations for the product is available at > Enter what you are looking for > Type in Cash Investment Account.

BT Securities Limited ABN 84 000 720 114, AFSL 233722 and Westpac Banking Corporation ABN 33 007 457 141 are together the issuers of the Westpac Online Investment Loan - Product Disclosure Statement ('PDS'). The PDS and other disclosure documents are relevant when deciding whether to acquire or hold this product and can be obtained by phoning 1300 551 744 or online at Neither Westpac nor any of its respective directors, officers, employees, associates or its subsidiaries guarantee or give any assurance in regard to the capital value, income return or performance of any securities or investments acquired through the PDS. For full details, please refer to the relevant Product Disclosure Statement (‘PDS’) of the products are available at

International securities trading and custody through Global Markets is provided by Pershing LLC, ARBN 108 110 149, AFSL 271837, member FINRA, NYSE, SIPC, a BNY Mellon company through Australian Investment Exchange. For full details, please refer to the Global Markets Trading Terms and Conditions. You can either request us to mail one to you, or alternatively, call one of our Trading Representatives on 13 13 31 between 8am and 7pm (AEST), Monday to Friday.

Exchange Traded Options (ETO’s) trading is a service provided by AUSIEX, the Issuer of ETO products. Your trading in ETOs is directly with AUSIEX. 

For full details, please download and refer to the ETO Product Disclosure Statement (‘PDS’) and the Target Market Determination (‘TMD’). Alternatively you can request us to mail one to you, by calling one of our Trading Representatives on 13 13 31 between 8am and 7pm (AEST), Monday to Friday.

Trading Exchange Traded Options (i.e., ETOs, Options) can involve considerable risks. You should only trade Options if you understand the nature of the product (especially your rights and obligations) and the extent of the risks you are exposed to. Before trading in ETO’s, you should carefully assess your experience, investment objectives, financial resources, and other relevant issues and carefully consider the ETO Product Disclosure Statement and the relevant educational booklets regarding Options from the Australian Securities Exchange (ASX) at

The information contained on this website does not constitute the provision of advice or constitute or form part of any offer, solicitation or invitation to subscribe for or purchase any securities or other financial product nor shall it form part of it or form the basis of or be relied upon in connection with any contract or commitment whatsoever.

If a Product Disclosure Statement is available in relation to a particular financial product, you should obtain and consider that Product Disclosure Statement before making any decisions about whether to acquire the financial product.

Any securities or prices used in the examples on this website are for illustrative purposes only and should not be considered as a recommendation to buy, sell, or hold.

The information on this website does not take into account your objectives, financial situation or needs. For this reason, before acting on the information you should consider whether it is appropriate to you, having regards to your objectives, financial situation and needs and, if necessary, seek appropriate financial advice.


1Westpac Cash Investment Account applies only where settlement is by direct debit or direct credit to the Westpac Cash Investment Account.

2Brokerage 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.

3For 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.

4In 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.

5Please note this charge will be added to the resulting confirmation.

6Charges 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.

7Custody 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.

8Fees are charged as per Pershing cost.

9From 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 Securities and AUSIEX Financial Services Guides for more details.

10Monthly subscription fees will accrue and be charged at the end of the applicable calendar quarter (31 March, 30 June, 30 September, 31 December) of each year. Please note: If the communication delivery preference is changed to electronic delivery or the trading account is closed, the applicable monthly subscription fee will not be prorated.

11The annual paper tax document fee is applicable if your communication delivery preference as at 31 December each year is to receive paper tax documents. This fee will be charged in March of the following year. 


Westpac Securities is a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (‘Westpac’) and part of the Westpac Group. A financial product acquired through Westpac Securities is not a deposit with, or any liability of Westpac or any other company in the Westpac Group. Investment in a financial product is subject to investment risk, including possible delays in repayment or loss of income and principal invested. Neither Westpac nor any of its related entities stands behind or otherwise guarantees the capital value or investment performance of any financial product acquired through Westpac Securities.


© Westpac Banking Corporation ABN 33 007 457 141, AFSL and Australian credit licence 233714.

The Westpac Group, 275 Kent Street, Sydney, NSW 2000, AUSTRALIA