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Take control of your business

Use an everyday business bank account to manage your income and outgoings. Easily switch between your business and personal banking in the Westpac App.

Transaction accounts

Maximise your cashflow with our feature rich everyday business bank accounts.

Savings accounts

Maximise your cashflow with our feature rich everyday business bank accounts.

Westpac everyday business bank accounts are designed for sole traders, partnerships, companies, associations, SMSFs, trusts, and not-for-profits - operating in Australia with an Australian address. Applicants and all signatories must be 18+ years old.

Set up your business with 12 months of free subscriptions

Get 12 months free on a Lawpath Essentials plan + free ABN registration (valued at $518^) and a MYOB plan (valued at up to $696^ after you pay the first month) with a $0 monthly fee Westpac Business One transaction account.

T&Cs apply. Learn more about the free subscription deal​

Access up to $10,000 of value for your business with Business One Plus*

We’ve got together with 10 key partners to reward Business One Plus account holders with access to an exclusive collection of special offers.
 

12 months free


Plus 20% off in years 2 & 3

25% off SIM plans


For all Optus Business Customers

10% credit back on rides


Plus 2.5% credit back in years 2 & 3

Special offer: $0 establishment fee with a Business Overdraft+

Save $250 or more!

For a limited time, you’ll save $250 or more on the establishment fee when you add an overdraft to a business transaction account. Offer is available for applications received and approved between 1 October 2024 and 31 December 2024.

Limited time offer. Credit and eligibility criteria, T&Cs, fees and charges apply. Westpac Business transaction account required.

Accounts for not-for-profits

Manage your non-profit finances with no transaction or monthly fees.

Community Solutions One

Pay no transaction or monthly fees for everyday banking, with this specialist account for non-profits. 

Community Solutions Cash Reserve

Earn interest on surplus funds you have yet to allocate to your cause.

Specialist bank accounts

Accounts to hold and manage foreign currencies and funds held on behalf of clients.

Foreign Currency Account

Send, receive and hold currencies in one place, and convert funds when it suits you.

Statutory Trust Account

Hold funds on behalf of your clients and contractors to comply with requirements.

Project and Retention Trust Accounts

Bank accounts that help the Queensland construction industry comply with statutory requirements.

FAQs about business bank accounts

Most types of business - plus trusts, not-for-profits and associations - can open most Westpac business accounts online.

New customers with two or more signatories will need an ID and document check in branch before they can start making payments from their account.

Find out what information we need from new customers

Help and resources for your business

Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 536KB)

Business Debit Mastercard® Terms and Conditions (PDF 171KB)

Important information for Westpac business account customers - 19 December 2018 (PDF 29KB)

Foreign Currency Account Terms & Conditions (PDF 431KB)

International Products and Services Standard Fees (PDF 156KB)

Online Banking Terms and Conditions (PDF 407KB)
 

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement and consider whether the product or service is right for you.
 

Select the 'Find out more' buttons to check your eligibility for any of our transaction accounts.

Find out what information you need to provide to become a Westpac customer.

 

+ Business Overdraft Establishment Fee Waiver:

Offer comprises waiving of the relevant establishment fee for any new Business Overdraft, or increase to an existing Business Overdraft, where the application is received and approved between 1 October 2024 and 31 December 2024.

  • You must have an eligible Westpac Business Transaction Account. 
  • This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. 
  • Excludes Temporary Overdrafts.
  • Applications that include other products may incur separate Establishment Fees for those products. 
  • If you think that there has been an error in your charging of an establishment fee please contact us.
  • Terms, conditions, fees, charges, credit criteria apply. 

 

* Value has been calculated using the highest subscription offered for 12 months.

 

Westpac Community Solutions Cheque Account is available for not-for-profit organisations including companies operating on a non profit or charitable basis. Westpac reserves the right, with at least 30 days written notice, to change the account to a Business One Plus if it considers that the account is being used for profit-making purposes.

 

A Foreign Currency Account should not be used to speculate on foreign currencies or to conduct frequent trading of foreign currencies. A Foreign Currency Account is not an account to assist with travel needs. It cannot be linked to a Travel Money card and you cannot access your Foreign Currency Account through an ATM, either within Australia or overseas. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. Deposits held in Foreign Currency Accounts are not covered by the Australian Government’s Financial Claims Scheme.
 

Mastercard® is a registered trademark of Mastercard International Incorporated.
 

Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trademarks of Google LLC. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd.
 

PayID® and PayTo® are registered trademark of NPP Australia Limited.