Business Term Deposit

 Product Features

• Digital Banking

• Other Additional Information: Customers can open account either by Branch, Phone or Online.

• Other Additional Information: Statements sent includes confirmation, maturity, renewal and repayment advices

• Fraud Protection Additional Information: The product includes limited fraud protection features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.

• Other Additional Information: Add 0.20% p.a. online bonus rate to these rates if you?re already with Westpac and opening or renewing online

 Product Eligibility

• Min Age - 18.

• Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

• Business Additional Information: Should have an eligible business registered in Australia

• Business Additional Information: Should be authorised to act on behalf of an Australian business

• Other Additional Information: Ensure every signatory on an account is identified according to Westpac's ID standard

 Bank Fees and Charges

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00. Additional Information: This includes a customised remittance plus postage and handling

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

 Limitations & Restrictions (Constraints)

• Min Balance of 5000.00

 Document Downloads

  termdeposits-tandc.pdf (316.0 KB)