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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.

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 Online Banking or the Westpac App and access Business Centre on your dashboard to view or redeem exclusive offers. T&Cs apply.

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 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 555KB)

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.


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.