Community Solutions Cash Reserve

 General Lending Rates

 Product Features

• Other Additional Information: No account-keeping fees

• Other Additional Information: No fees to move cash to and from your Westpac transaction account through Online Banking and the Westpac App

• Other Additional Information: Regularly deposit funds to grow savings balance

• Other Additional Information: Earn interest on your surplus funds, noting that zero interest rates may apply from time to time

• Other Additional Information: Get access to your savings at any time

• Other Additional Information: No minimum balance needed

• Digital Banking

• Other Additional Information: Tiered interest is paid on certain balances

• Other Additional Information: Interest is paid on monthly basis.

• Other Additional Information: You will be provided regular statement for the account and you have a choice of 3 or 6 monthly statements.

• Other Additional Information: Unlimited free self-service enquiries.

• Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.

• Other Additional Information: Account enquiries are always free when you use Online Banking

 Product Eligibility

• Min Age - 18. Additional Information: Applicant plus all signatories

• Residency Status - Operating In Australia With An Australian Address.

• Business Additional Information: Not-for-profit organisations including charities, community and sporting groups, schools, government bodies, and registered political parties

• Other Additional Information: Needs an eligible Westpac business transaction account to link to.

 Bank Fees and Charges

• Account Keeping Fee (Periodic), Amount: 0.00.

• Overdrawn Fee (Event), Amount: 15.00.

• Self-service (electronic) Withdrawals (Withdrawal), Amount: 0.00. Additional Information: Nil for withdrawals from the account to a Westpac Business account held in the same name(s) as the account. Otherwise, such withdrawal will incur $5.00 fee per withdrawal.

• Self-service (electronic) Deposits (Deposit), Amount: 0.00.

• Cheques Written (Transaction), Amount: 5.00. Additional Information: These channels are not available, however if these transactions occur for each transaction a $5.00 fee will be incurred

• Cheques Collected / Deposited (Deposit), Amount: 3.00. Additional Information: Cheques collected or deposited (Additional charge for the branch transaction applies)

• Staff-assisted Withdrawal (Withdrawal), Amount: 3.00. Additional Information: These channels are not available, however if these transactions occur for each transaction a $3.00 fee will be incurred

• Staff-assisted Deposit (Transaction), Amount: 3.00.

• Periodical Payments (Transaction), Amount: 0.00.

• Telephone Banking (Event), Amount: 0.00. Additional Information: Unlimited free self-service enquiries

• Online Banking (Event), Amount: 0.00. Additional Information: Account enquiries are always free when you use Online Banking.

• Narrated Credits (Transaction), Amount: 3.00. Additional Information: Account enquiries are always free when you use Online Banking.

 Document Downloads

  deposit-accts-bus-customers-tandc.pdf (869 K)