Changes to the Westpac Cash Investment Account

Effective 3rd June 2019, a number of changes to the Cash Investment Account have been brought into effect:

  • Removal of all Direct Debit fees. Previously there was a $5 charge for any Direct Debits that were originated outside of Westpac Online Investing. This means you can now set up any Direct Debit from your account at no cost.
  • Addition of BPAY® functionality. You can now pay bills and effectively participate in IPOs through the use of BPAY® from your Cash Investment Account via Online Banking. Simply Login to Online Banking > make a payment > Select BPAY > Select from Cash Investment Account.

There are a number of other benefits through using a Westpac Cash Investment Account as your cash settlement option for trading with Westpac Online Investing:

  • Enjoy our lowest brokerage rate starting from $19.95
  • View your available funds when placing a trade and take advantage of potentially higher trading limits.
  • Receive a competitive at-call interest rate with interest calculated daily and paid monthly.
  • Earn bonus interest (currently 0.50% p.a.) when you settle three or more trades in a calendar month*.
  • No minimum account balance is required to earn standard and bonus interest.
  • No monthly account service fee and free electronic transactions**.
  • 24/7 access to your account via Online Banking and Mobile Banking***.
  • Option to participate in our Dividend Direction Service. Save time and enjoy the convenience of your Westpac Cash Investment Account being automatically nominated to receive your dividends. For more information please visit our Frequently Asked Questions.
  • Enjoy the benefit of having one account to manage your investment cash flows.

If you are not currently using a Cash Investment Account and wish to do so, please complete the online conversion form when logged into the trading platform under Products & Services > Cash & Lending > Cash Investment Account or call one of our friendly customer service staff on 13 13 31.

* In order to be eligible to receive Bonus Interest, you must settle three or more Executed Trades via your linked Westpac Online Investing account within one calendar month. The Bonus Interest will be paid in addition to the tiered interest paid to your account. Please note settlement for Executed Trades occur two business days after trade execution.

Bonus Interest will be paid on the last business day of the month and is calculated daily using the closing balance of your account on the last business day of the previous month and on each calendar day thereafter up to and including the second last business day of the current month.

Bonus Interest will be paid on balances of $5 million or less.

"Executed Trades" means trades in Australian shares, options, warrants, Exchange Traded Funds (ETF) and Exchange Traded Commodities (ETC). International Equity and International Option trades are excluded.

** Other fees and charges may apply. For full details, please refer to the Westpac Cash Investment Account Terms and Conditions.

*** Subject to system availability and maintenance.

Published: 06 June 2019