Westpac offers a full range of business banking products and services, including:

Business Relationship Management

Money Market and Cash Management Products

• Commercial Lending (Debt) Facilities
• Investment (Deposit) and Cash Management Products
  • Investment (Deposits and Government Securities)
  • Cash Management (Cheque Accounts)
  • Foreign Currency Accounts
  • Sweeping Facilities

• Same Day International Payments
• Forward Exchange Contracts (FEC's)
• Bank Cheques and Foreign Currency Drafts
• Travelers Cheques
• Foreign Currency Notes
• Overseas Transfer / Telegraphic Transfer

• Development of Treasury Risk Management Policies
• One-on-One Hedging Advice and Solutions
• Financial Markets and Economics Update

• Foreign Currency Overdraft Facilities
• Irrevocable Documentary Credit
• Export Lodgement
• Exports Letter of Credits
• Inward Foreign Collection
• Pre/Post Shipment Finance
• Standby Letter of Credits
• Bill of Lading Guarantees

• Establishing a Banking Relationship in Fiji
• Requirements for Establishing a Business Operation in Fiji
• Establishing a Banking Relationship in Australia, New Zealand, Asia or elsewhere in the Pacific

• Internet Banking
• Payroll Services
• Merchant Services
• Internet Payment Gateway Service

• Westpac American Express® Credit Cards

Money Market and Cash Management Products
Liquidity or cash flow management is one of the most critical and often one of the most overlooked functions of a business. Westpac has a suite of products that can be tailored to meet everyone's individual needs. For more information Contact us or visit your local branch.

• Commercial Lending (Debt) Facilities
  Westpac Fiji offers a wide range of commercial lending products from simple overdraft; 'at-call' and term loan lending facilities to more complex structured financing to help you and your business grow.
• Investment (Deposits and Government Securities)
  Westpac Fiji offers those with surplus funds to invest a wide selection of investment products. Westpac can offer corporate customers, 'at-call' deposit and fixed term deposits. For the professional investor Westpac can also facilitate the investment in alternative wholesale instruments such as Treasury Notes and Government Bonds. Email us at trsyfiji@westpac.com.au to find out more about Westpac's investment product suite.
• Cash Management (Cheque Accounts)
  Westpac Fiji offers a range of cash management products, including cheque account facilities and internet banking. Each customers' banking needs are unique so please contact a business banking relationship manager to determine the best product mix for your needs. Contact us or visit your local branch for more information.
• Foreign Currency Accounts
  In instances where you receive foreign currency payments and you wish to maintain the funds in the foreign currency, subject to Reserve Bank of Fiji approval, Westpac Fiji offers its customers foreign currency deposit accounts in a number of currencies.
• Sweeping Facilities
  Allows physical concentration of cash by sweeping excess funds to a main account (or from the main account in the case of a deficit). This allows you to have control over surplus funds in an account and maximise interest received or minimise interest paid.

• Same Day International Payments
  Westpac is one of the leading foreign exchange and international payments player in the region. Westpac is able to make same day payments in a wide number of currencies at very competitively priced exchange rates.
• Forward Exchange Contracts (FEC's)
  Westpac's treasury dealers can help you manage your foreign currency risk via forward exchange contracts. Forward exchange contracts provide you with the opportunity to lock in an exchange rate today, for the purchase or sale of a fixed amount of foreign currency on a future date. Locking in the exchange rate provides you with certainty; it protects you from adverse future movements in the exchange rate. Dealing in forward exchange contracts is subject to approval from the Reserve Bank of Fiji and Westpac's credit assessment process.
• Bank Cheques and Foreign Currency Drafts
  In order to facilitate personal and business banking needs Westpac can provide its customers with Fiji dollar bank cheques, plus currency drafts in a wide range of foreign currencies.
• Travelers Cheques
  Westpac can provide customers Travelers Cheques in range of different currencies. In addition, Westpac branches will accept and cash Travelers Cheques.
• Foreign Currency Notes
  Westpac can provide foreign currency notes in the following currencies, AUD, NZD and USD. Contact us or visit your local branch for more information and/or to enquire about the purchase or sale of other currency requirements.
• Overseas Transfers / Telegraphic Transfer
  Send money to your international suppliers or directly to an overseas financial institution, for business. Simply print the following form and send it to your local branch.
  
  
  Overseas transfer form (PDF 31kb)

• Development of Treasury Risk Management Policies
  We will work with you, providing valuable advice and assistance in developing an appropriate 'corporate treasury risk management policy' for your business.
• One-on-One Hedging Advice and Solutions
  At Westpac we appreciate that every business is unique and our experienced treasury staff are able to understand your business and determine your banking and treasury needs. We tailor our treasury risk management solutions to suit your business.
• Financial Markets and Economics Update
  Customers of Westpac gain access to a wide range of material produced by Westpac's leading economists and financial markets commentators. Email trsyfiji@westpac.com.au or alternatively ask one of the treasury dealers to add you to the daily distribution list of 'Westpac's Daily Financial Markets Update'.

• Foreign Currency Overdraft Facilities
  If you are an importer or exporter you can maintain an overdraft in most major currencies at competitive rates of interest. This is useful when you are unsure of the timing of your trade transactions. Click on the link below to obtain an application form.
  
  Foreign currency overdraft form (PDF 22kb)
  
  
• Irrevocable Documentary Credit
  We can pay your supplier on your behalf, to help you meet your financial commitments. Firstly, we receive the documents from your supplier and check to ensure they comply with the terms and conditions of the credit. The documents will then be released to you for collection of goods. Print out the Irrevocable Documentary Credit application form and send it or bring it to your local Westpac branch. Click here to find your local Westpac branch.
  
  
  Irrevocable documentary credit form (PDF 39kb)
  
  
  If you require an amendment to your documentary credit, print the following form and send it to your local branch. Click here to find your local Westpac branch.
  
  
  Amendment to documentary credit form (PDF 20kb)
  
  
• Export Lodgement
  To access export documentation for your trade transactions, print the following application form and send it to your local branch (for details Contact us).
  
  
  Export lodgement form (PDF 33kb)
  
  
• Exports Letter of Credits
  Export Letters of Credit are received from overseas; the beneficiary prepares the documents and exports the goods. Documents are then brought to the bank for payment and on forwarded to applicants Bankers and then to the applicants.
• Inward Foreign Collection
  Documents are received from overseas banks for our local importer and upon payment / acceptance documents are released for the clearance of goods.
• Pre/Post Shipment Finance
  Exports Finance facility to assist exporters to obtain credit at concessional rates of interest. Is to help improve international competitiveness.
• Standby Letter of Credits
  Is a guarantee for payment (if there is a default in contract between a buyer and seller and the buyer is not paying on time then the seller calls on the bank for payment.
• Bill of Lading Guarantees
  The guarantee assists buyers to clear their goods on non-receipt of documents on time.

• Internet Banking
  Utilisation of modern electronic banking services is part of an organisation's e-commerce solution and it is the key to maximising potential banking efficiencies such as the timely delivery of management information and the continued automation of labour intensive, value diluting processes. Westpac customers will enjoy the benefits of its online banking product known as Pacific Internet Banking (PIB) - the largest and most comprehensive range of electronic solutions available to meet business requirements. Some of the features and benefits of the product are as follows:

  Access banking, 24 hours a day, 7 days a week from anywhere in the world; View balances of accounts and transaction history; Transfer funds between own accounts; Transfer funds to any other bank account within Fiji (including non-Westpac bank accounts); Ability to pay utility bills; Printout and export transaction history to own computer; Request overseas payments (telegraphic transfers); Send and receive messages to and from the Bank; Security features which allow businesses to designate initiator users and authoriser users.

• Payroll Services
  QuickPay is an easy and secure way to pay your staff from your business account. QuickPay lets you directly credit your employees' bank accounts, whether it's held at Westpac or another bank.
• Merchant Services
  Westpac is the leading provider within the Fijian, Merchant Credit Card market. Westpac can offer an end-to-end card processing solution covering all credit card acceptance options via retail face- to-face, e-commerce and gateway solutions.
  
  Westpac has the electronic capability to acquire all five (5) major credit cards in Fiji via EFTPOS terminals. The major credit cards accepted on Westpac terminals are Amex, Visa, MasterCard, Diners, and JCB cards.
• Westpac's Internet Payment Gateway Service
  The Westpac Internet Payment Gateway (IPG) Service is an e-commerce merchant facility, issued to merchants as a solution for all "card not present" credit card transactions. Westpac has partnered with Direct Payments Solutions (DPS), a company based in New Zealand for this service.

Provides a comprehensive range of services to facilitate all aspects of customer online payment processing.

• Establishing a Banking Relationship in Fiji
  Are looking to live or work in Fiji, or are you contemplating establishing a business? If you are, one of your first priorities will be to establish new, local currency bank accounts in Fiji. Westpac can ensure that your personal, sole proprietor or company bank accounts are established before you arrive in the country.
  
  The attached document details the account opening process and documentation requirements.
  
  How To Open a Bank Account in Fiji (PDF 72kb)
  
  
• Requirements For Establishing a Business Operation in Fiji
  Looking to establish a business in Fiji? Once you have made the decision to establish operations on the ground in Fiji there are a number of steps you must take in order to obtain the necessary regulatory approval to commence operations. To assist you through the regulatory process we have provided some useful links and reference material.
  
  The attached document outlines some of the regulatory requirements that you will have to meet in order to start up a new business in Fiji.
  
  Business Investment Guide to Fiji (PDF 88kb)
  
  
• Establishing a Bank Account in Australia, New Zealand, Asia or elsewhere in the Pacific.
  Are you looking to establish business operations overseas? Regardless of whether you are looking at leaving Fiji for a short or long period of time Westpac can assist you establish bank accounts in a number of overseas countries.

Westpac is a dominant bank throughout Australasia and the Pacific. We have a strong physical presence across the region; Westpac is represented in Australia, New Zealand, Fiji, Tonga, Samoa, Cook Islands, Solomon Islands, Vanuatu and Papua New Guinea. We are able to assist you with your business and personal banking requirements in each of these locations.

The attached document outlines how Westpac can assist you open bank accounts in Australia, New Zealand, Asia or elsewhere in the Pacific.

Establishing a Banking Relationship Outside of Fiji (PDF 38kb)

• Westpac American Express® Credit Cards
  Westpac offers three types of Westpac American Express Credit Cards to our personal and business customers. Westpac normal lending criteria apply.
  
  • Westpac American Express® Credit Card – for our personal customers. Eligibility criteria includes a minimum income of $18,000 per annum. The Credit Card may be linked to a transactional savings and/or cheque account to access locally or within the Pacific region. One supplementary card may be issued to a family member over the age of 18 years.
  • Westpac American Express® Gold Credit Card – for high net worth customers. Eligibility Criteria includes a minimum income of $35,000 per annum. The Gold Credit Card may be linked to a transactional savings and/or cheque account to access locally or within the Pacific region. Supplementary cards may be issued to family members over the age of 18 years.
  • Westpac American Express® Business Card – for commercial customers needing a card to meet their business needs. Normal business lending criteria applies. Additional cards can be issued for executives of the business with individual limits set on each supplementary card.

Employee Benefits – Corporate Employee Transaction Accounts (CETA)
The Corporate Employee Transaction Account offers the employees of an organization with 20 or more staff to take advantage of low cost of products and services offered through Westpac. This includes having a low cost transaction account, and a no fee saving and a high credit interest account giving the individual the incentive to save.

For the organization it provides a safe, secure and convenient method of salary transfer and minimizes cash handling. Concessions and discounts are also available on other products and services.