Business Term Deposit
A Westpac Business Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms.
Category: Term Deposits Last Updated March 1, 2024 Effective May 3, 2024
Product Features
- 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.
Product Eligibility
- 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)
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