Business Cash Reserve Savings

 General Lending Rates

 Product Features

• Unlimited Txns Additional Information: 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 Group Telephone Banking only

• Other Additional Information: No account-keeping fees: Earn interest on your surplus funds, noting that zero interest rates may apply from time to time.1

• Other Additional Information: $0 linked account transfers: Move cash to and from your Westpac transaction account via Online Banking or the Westpac App.

• Other Additional Information: Access your money 24/7: Get access to your savings at anytime, anywhere. Access to funds subject to system availability.

• Other Additional Information: Bucket your savings: Create multiple accounts for expenses like GST and tax to avoid a cash flow crunch when payments are due

• 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 have 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.

• Fraud Protection Additional Information: Westpac Protect Online Banking Security Guarantee. If your Westpac account is compromised due to Online Banking fraud, we guarantee to repay any missing funds, provided you comply with our Online Banking Terms and Conditions.

• 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.

• Other Additional Information: Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations

• Other Additional Information: Must not be an individual using the account for predominantly personal purposes

• 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 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.

 Document Downloads

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