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Business transaction accounts

Use an everyday business bank account to manage your income and outgoings. With these feature-rich accounts you can bank the way you want to online, on mobile, by phone, and in branch.

Image of small business owners checking their online banking.

$0 monthly fee

Business One

If you mainly bank online and on your mobile, consider this business bank account.

  • Unlimited electronic transactions1
  • $3 per staff-assisted transaction in branch




If you're a sole trader, 1-director company, or already a Westpac business customer apply online. If that's not you, apply at any branch.

Image of two start up business owners who have bank accounts.

Exclusive partner offers

Business One Plus

If you bank online, on mobile, and in branch, consider this business bank account.

  • Unlimited electronic transactions1
  • 25 free staff-assisted transactions a month



If you're a sole trader apply online. If that's not you, apply at any branch.

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.

Help set your business up for success

If you have a Business Transaction account and Online Banking, you can access the new Business Centre for exclusive offers, solutions and insights to keep your business growing and your cash flowing.


Sign into Online Banking or the Westpac App and access Business Centre on your dashboard.

Get rewarded when you open a new business bank account

Pocket $100 when you open a new business transaction account, plus earn an introductory fixed interest rate^ of 2.54% p.a. for the first 5 months on balances up to $9,999 when you team it up with a Business Cash Reserve savings account:

Pocket $100 on us!

Open a new business transaction account, deposit $100 within the first 10 days using the description WELCOME100 and pocket a $100 gift card on us.

New business customers only. Accounts opened between 1st February and 30th June 2024. T&Cs apply.#

Earn a 2.54% p.a. bonus introductory interest rate^

Team your business transaction account with a new Business Cash Reserve savings account to receive an introductory fixed interest rate for the first 5 months on balances up to $9,999.

New Business Cash Reserve customers only. Accounts opened from 20/11/2023. T&Cs apply.^

Access up to $10,000 of value for your business*

Business One Plus account holders can access exclusive special offers from 10 key partners

  • Get discounts on energy, accounting software, legal services, online security, business support services and electronics

  • Sign into your account to redeem offers. T&Cs apply.

Business savings accounts

Put surplus funds to work in the short or long term, earning interest the way you want to.

Business Cash Reserve

Set aside funds for future needs, with 24/7 access whenever you need it.

Business Term Deposit

Enjoy the peace of mind of receiving a fixed return on your investment. 

Farm Management Deposit

Invest pre-tax income from high yield years to provide a cash reserve for the future.

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 556KB)

Business Debit Mastercard® Terms and Conditions (PDF 205KB)

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

Foreign Currency Account Terms & Conditions (PDF 284KB)

International Products and Services Standard Fees (PDF 156KB)

Online Banking Terms and Conditions (PDF 417KB)

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.

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


# $100 Bonus Offer: This Offer is available to selected customers only and is subject to eligibility requirements.

To be eligible for the $100 Bonus Offer (Bonus Offer) you must (1) open a Business One or Business One Plus transaction account (2) have deposited $100 within 10 days of account opening and (3) you must also add a payee description “WELCOME100” to the deposit transaction when transferring the $100 into your new account from another account or financial institution.

Eligibility is limited to a single offer per account and a single offer per customer. The offer is available to new Business One or Business One Plus transaction account customers only.  Where a Joint Account has been opened, eligibility is limited to a single offer to the primary account holder. You are not eligible if, in the last two years, you have held or already hold a Business One, Business One Plus, Business One Low Plan or Business One High Plan transaction account.

The $100 bonus will be provided by way of a physical EFTPOS Gift Card sent to you approximately 60 days after you meet the eligibility criteria. Delivery of the Bonus Offer will only be made to your nominated postal address for this account. You are not eligible to receive the gift card if you have not provided a valid postal address as part of your Business One or Business One Plus application.

The offer is available from 1 February 2024 for a limited time only. Offer may be withdrawn or varied at any time without any prior notice. We may refuse to provide you or withdraw the Bonus Offer payment if, without limitation, we reasonably believe that (i) you do not comply with these terms and conditions or the terms and conditions of Business One, Business One Plus or the Gift Card program, (ii) your account is fraudulent, (iii) you are not acting in good faith, or (iv) you have closed your Business One or Business One Plus account prior to us delivering the gift card to you. This Bonus Offer may have taxation implications. We recommend that you seek independent advice to determine any tax liability or other tax implications based on your individual circumstances. Business One and Business One Plus and Gift Card T&Cs also apply. Westpac Group Employees and Trusts are not eligible for the offer.

^Introductory fixed bonus rate:

Bonus offer available from 20/11/2023 for a limited time only for new Business Cash Reserve accounts who have never held a Business Cash Reserve account before.

Not available for all customers who are relationship managed. If you’re experiencing issues with getting this bonus offer, please contact a Westpac branch

Not available in conjunction with any other offer unless we determine otherwise

We reserve the right to withdraw, amend or extend this offer at any time.


1. Fees may be incurred for certain electronic transactions such as foreign transactions and withdrawals from some overseas ATMs. Customers must be able to meet any applicable fees and charges. For a complete view of fees, please refer to our Deposit Accounts for Business Customers Terms and Conditions (PDF 556KB).

2. Read the Westpac Online Banking Terms and Conditions (PDF 417KB) before making a decision. Not all accounts are eligible to be included in a bank feed. Not all third-party service providers support bank feeds for all accounts. Bank feeds must be set up with third-party service provider before it can be connected in Westpac Online Banking. If your third-party service provider doesn’t appear in the drop-down menu in Westpac Online Banking, you may need to check that your third-party service provider is registered with Westpac. Should there be any changes to your user access or network access levels, you may need to disconnect your bank feed(s) as any access changes won’t impact bank feeds. The products and services offered by third-party service providers are subject to their own terms and conditions and fees and charges. Westpac doesn’t guarantee or endorse the services or products offered by third-party service providers.

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.

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