Current Services
Like ANZ and CBA, Westpac also has a specific section for SMEs. There is a range of related services such as eMarket, online superannuation administration, import/export services, and share trading. Unfortunately, these other services, such as super and research, require different IDs and passwords.
With Westpac you can perform all the standard transactions such as transfer between funds, BPay, and Pay anyone. Pay Anyone has a selectable amount of AU$1,000 or $5,000 per day.
Transaction history is available for the last 100 days, and you can view and print statements from the last 12 months.
In a function not often seen in Internet banking, you can set up special access for your accountant where you can specify the access level. For example, you can allow full access, or read only.
Westpac also has a specialised fund transfer for ATO's GST payments. This is basically BPay the ATO pre-programmed, but also includes your unique identification code for the payment making GST payments a simple process.
For those with a personal Westpac account, you can link it with your business account to see everything at once.
Westpac also offers the broadest range of expert formats including MYOB v9 for PC and Mac, Quicken v6 and v7, Excel, MS Money 98 and 99/2000, OFX, and a range of different date formats, depending on your software.
