Help minimise and avoid fees

Overdrawn fee

If your account becomes overdrawn over the agreed limit, you'll be charged an overdrawn fee.

To avoid this fee:

• Keep an eye on your account balance and plan your purchases accordingly. Use Westpac Online Banking to monitor your balance on the go.

Overlimit Fee

If at the monthly anniversary, your Flexi loan account is over the assigned credit limit, an Overlimit fee will be charged to your account on or after the statement due date.

To avoid this fee:

• Keep an eye on your account balance and plan your purchases accordingly. Use Westpac Online Banking to monitor your balance on the go.
• Make an interim payment if you’re getting close to your limit, which could reduce the risk of going over your credit limit on future spending in that month.

Missed Payment Fee

If you don’t pay the minimum monthly payment by the due date on your contract/statement, you’ll be charged a missed payment fee within 5 business days of the statement being due.

To avoid this fee:

• Make sure you pay the minimum monthly payment by the due date each month;
• Download the Westpac Mobile Banking app to keep track of your account;
• Set up a direct debit so you never forget to make the payment.

Bank Cheque Fee

If you require a bank cheque, a bank cheque fee may be payable. This fee can be paid up front, debited from your loan account or from your Westpac transaction account. This will be charged on the date of the transaction or the next business day.

To avoid this fee:

• Ask the person or service provider you are paying if they will accept an electronic transfer payment into their account instead.