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| Using a Westpac ATM |
Free |
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| Using another bank's ATM |
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balance enquiry |
$1 |
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cash withdrawal |
$1 |
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transfer |
$1 |
| This is in addition to the electronic transaction fees for your Westpac account. |
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| Using an ATM overseas* |
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cash withdrawals |
NZ$8.00 |
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balance enquiry |
60c |
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declined transaction |
60c |
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| *These fees do not apply when using ATMs within the Global Alliance Group in the respective country shown. Institutions participating in the global ATM alliance include Deutshe Bank 24 (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand). |
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| Replacement card |
$15 per card |
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| Courier delivery in NZ/overseas |
Courier costs where applicable |
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| Foreign Currency Fee* |
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Westpac Debitplus Visa card |
2.50% |
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Westpac EFTPOS/ATM card |
2.50% |
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| > more information about Debitplus Visa |
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| *When you use your Westpac card to make an overseas transaction, you’ll pay a foreign currency fee. This fee is made up of two parts: a portion charged by Westpac (currently 1.50%) and a portion charged by the credit card scheme that processes the transaction, i.e. MasterCard or Visa. |
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| Automatic payments |
Online |
Phone or branch |
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to set up |
$2 |
$5 |
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to amend |
$2 |
$5 |
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| Direct debits, Payline Split, Sweepover |
Online |
Phone or branch |
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to set up |
n/a |
$5 |
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to amend |
n/a |
$5 |
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| Note: Direct debit authorities for Westpac Unit Trusts and Retirement Plans are free. Sweepover has a 40c service fee for each sweep. |
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| Dishonour fee |
$9 per time |
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| AP payment failed fee |
$9 per time |
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| Charged on last business day of the month*, calculated on your credit limit or the highest point of your overdraft for the month (whichever is greater). |
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| Transaction accounts |
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| Line of credit charge |
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With arranged limit up to $5,000 |
$5.00 per month |
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With arranged limit $5,000 or more |
0.1% per month |
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| Unarranged Overdraft fee |
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Without arranged limit and overdrawn |
$9 per month |
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| Personal overdraft establishment fees |
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Personal overdraft establishment fee |
$25 |
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Temporary limit < 45 days |
$50 |
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| Revolving accounts - revolve and agriline |
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| Line of credit charges apply. Contact your Relationship Manager for more details. |
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| Savings accounts |
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| Unarranged Overdraft fee |
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Without arranged limit and overdrawn |
$9 per month |
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| Note: Debit interest charges also apply. |
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| > more information about business overdraft |
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| * A charge month starts on the last business day of the calendar month and finisheds on the second to last business day of the following month. |
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| Establishment fee – Choices home loans |
$400 per loan * |
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Documentation fee – for redocumented loans, loan variations
and Top-ups of Choices home loans |
$250 per loan |
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| Temporary loan limit increase – for Choices Everyday loan |
$50 on approval |
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| Establishment and documentation fee – Personal loans |
$250 per loan |
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| Loan Payment failed fee |
$25 per time |
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| > more information about home loans |
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| * A higher fee may apply if the application is accepted but does not meet the standard lending criteria. |
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| Business borrowing - including Trusts |
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| Establishment fee for new loans, overdrafts, guarantees and bond facility, redocumented loans, loan variations |
From $400 per loan/facility |
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Administration fee for processing a prepayment to a fixed rate loan
(recovery of prepayment loss/cost may also apply as per loan document) |
$300 per payment |
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Title search fees
(inclusive of third party search fees) |
$15 per item |
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Security registration/discharge/amendment fee
(includes such items as discharge of mortgage, release of guarantees/life policies, execution of consents, priorities, variation memorandums that alter security arrangements through acting solicitor, and also collection of life policies under assignment. Fee is inclusive of $3 government registration/release fee where applicable).
Additional disbursement charges may apply in some circumstances (eg where complexity and/or negotiation of non standard documentation is required) or where no solicitor is involved. Quotation is available on request. |
$100 per item to a maximum of $350 per customer transaction |
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Rates demand fee
(payable where Westpac is required to make rates payment to local authority as security holder). |
$200 |
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| Cash handling will be charged when the amount of cash deposited to or withdrawn from an account in any charge month* is $75,000 or more at the following rates (the fee applies to the full amount deposited.) |
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teller counter |
0.35% of the cash amount |
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deposit box |
0.25% of the cash amount |
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| Additional costs may apply for special requests such as large coin or cash deposits and withdrawals. |
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| *A charge month starts on the last business day of the calendar month and finishes on the second to last business day of the following month. |
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| Clearance fee |
35c per cheque or debit item deposited |
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| Government stamp duty |
5c per cheque |
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| Bank cheque |
$6 per cheque |
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| Stop cheque |
$25 per item |
| There is no fee for lost or stolen cheques which are blank or unsigned. |
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| Urgent cheque clearance (Special Answers) |
$25 |
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| Copy of statement |
$5 a statement |
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| Searches for information (e.g. privacy information, credit card sales voucher, auditor's confirmation reports) |
$80 per hour (min. $20) |
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| Five free calls free per month (thereafter 50c a call) |
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| > more information about Phone Banking |
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| Foreign cash - when Westpac sells |
1% of value (min. $6) |
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| Bank draft - when Westpac sells |
$25 per draft |
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| Stop payment |
$10 per draft |
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| Traveller cheques cashed |
$5 per transaction |
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| Telegraphic transfer |
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sent by you |
$25 per transfer (To another bank)
$15 per transfer (To another Westpac Foreign Currency Account) |
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sent to you * |
$10 per transfer (Westpac customer)
$20 per transfer (Non-Westpac customer)
$50 per transfer (Non-Westpac customer, when transfer sent in a foreign currency) |
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Funds transfer enquiry |
$15 per correspondence with overseas bank |
| *other fees and charges may apply depending on the sending bank. |
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| Cheques sent for collection |
$50 per cheque (includes courier) |
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| Foreign currency accounts |
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cash deposits |
2% of foreign amount (min. NZ$35) |
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foreign cheque, travellers' cheque, bank draft deposits |
$5 per deposit |
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| Foreign cheques dishonoured |
$30 plus overseas bank charges |
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| > more information about international services |
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| Registration |
Free |
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| Monthly subscription fee |
$9.95 per month |
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Self service administration
Administration only (e.g. Add/amend users; reset login and password details); set up account/function entitlements; create/amend transaction and/or daily limits. |
Free |
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| Automatic payments |
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to set up |
$2 |
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to amend |
$2 |
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| Bulk payments and transfers |
19c an item |
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| Bulk direct debits |
19c an item |
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| Note: Other electronic transaction fees may apply for your business account. |
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| > more information about Business Online Banking |
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| Set up and establishment fee |
$250 plus GST (min.) |
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| Monthly operating fee |
$25 (incl. up to 1000 lines of account information, 2c per line thereafter |
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| Transaction charge |
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Each payment |
19c |
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Each direct debit |
19c |
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Each memo posted item |
21c |
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| > more information about DeskBank |
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| Direct credit by schedule |
$1 an item (min. $25) |
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| Additional Schedule |
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Inactive transactions |
5c each |
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Additional transactions |
35c each |
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Optional fields |
10c each |
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Alterations to transactions |
10c each |
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Replacement/extra schedules |
$1 each |
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