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Business transaction accounts

For businesses that mainly transact electronically

Business One Low Plan

  • Unlimited electronic transactions
  • 25 free staff-assisted and cheque transactions per month
  • Biz Invoice complimentary1 online invoicing tool.

Special offer

$0 Monthly Plan Fee*

For the first 12 months for new Business One Low Plan accounts opened before 29 Feb 2020.

For businesses with a high number of transactions

Business One High Plan

  • Unlimited electronic transactions
  • 60 free staff-assisted and cheque transactions per month
  • $20 Monthly Plan Fee
  • Biz Invoice complimentary1 online invoicing tool.

Pay as you go account

Business One Flexi

  • $0.50 per electronic transaction
  • Pay as you go fee structure, meaning you only pay for the transactions you make.
  

How can Biz Invoice help my business?

Biz Invoice lets you create, send and reconcile invoices on your mobile –and now eligible sole traders 2 can accept credit card payments by setting up BPAY®


Other accounts

Foreign Currency Accounts

Send, receive and hold currencies in one place. 

 

  • No monthly account maintenance fee
  • Make and receive payments in another currency without converting to AUD
  • Accounts available in a range of foreign currencies
  • Can be electronically accessed via Westpac Live for making and viewing transactions
  • Biz Invoice complimentary1 online invoicing tool.

Specialised accounts

Savings accounts

Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 384KB)

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

Online Banking Terms and Conditions (PDF 313KB)
 

To be eligible to apply for Business One - Low Plan, Business One - High Plan or Business Flexi, your business must be registered in Australia.
 

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 Westpac Business One - Low Plan if it considers that the account is being used for profit-making purposes.
 

*Open a new Business One - Low Plan account between 1st Feb and 29th Feb 2020 to receive a $0 Monthly Plan Fee for the first 12 months. At the end of the 12 month period the standard Monthly Plan Fee at that time, currently $10, applies to the Business One Low Plan. Other fees and charges, terms and conditions, apply to the Business One Low Plan. This offer may be repeated from time to time, withdrawn, varied or extended at any time.  This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement at  https://www.westpac.com.au/business-banking/bank-accounts/, before deciding.  
 

BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.