Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Business One Plus everyday transaction account

This feature-rich bank account is designed for sole traders, partnerships, companies, associations, SMSFs and trusts, as well as not-for-profits requiring an overdraft facility.

Get all this value for $10/month:

  • Unlimited free electronic transactions¹
  • 5 free staff-assisted transactions
  • Access your business and personal finances in the one app and in Online Banking
  • Business Debit Mastercard®²
  • Eligible account for EFTPOS Air mobile app
  • Optional overdraft facility.³

Open an account online if you’re:

  • A sole trader or a company with one or more directors and based in Australia, or already a Westpac business customer.

If you’re not eligible to apply online, open an account any branch.

Find out what ID and other documentation you need to provide in the new customer checklist.

Get a $100 warm welcome

Open a new $0 monthly fee business transaction account, deposit a minimum of $100 in a single transaction within the first 10 days using the description WELCOME100 and pocket $100 on us. New business customers only. T&Cs apply.#

 

Unlock the Free Legal and Accounting Support offer with our partner Lawpath^

Enjoy two free consultations, unlimited live chat with real advisors, free access to monthly workshops, and a 20% discount on additional legal and accounting services. Offer available to new and existing Business One and Business One Plus customers only.

Set your business up for success with up to $10K of value for your business*

12 months free


Plus 20% off in years 2 & 3

12 months free


Plus 20% off in years 2 & 3

25% off SIM plans


For all Optus Business Customers

Help simplify your business finances

Use Business Money Tools to take control of your finances. In the Westpac App, the tools can help simplify money management to drive business growth.

Find out more

Clear, simple and secure business banking

Easily switch between profiles

See all your banking in one place in Online Banking and the Westpac App7. Manage your personal and business accounts side by side with a single sign in.

Online security guaranteed

We'll repay any missing funds if your account is compromised as a result of Internet fraud, as long as you've complied with our T&Cs.4

Save time on accounting

Keep your digital records in order for tax time with eStatements, and set up bank feeds to  accounting software such as MYOB and Xero.6

image of a digital wallet

Business solutions in the palm of your hand

Instant Digital Card

  • Your Westpac Instant Digital Card provides a secure, flexible payment solution, available in the Westpac App. Find out more.

Make purchases with your mobile device

  • Link your card to Apple Pay, Google Pay TM or Samsung Pay TM to make fast contactless payments with your smartphone or wearable. Find out more.

Lock your debit card temporarily

  • Avoid the hassle of cancelling if you’re concerned you may have lost your debit card. Lock it for up to 15 days while you look, in Online Banking or the Westpac App 5. Find out more.

Cancel direct debit

  •  We can notify a company of your request to cancel a direct debit or temporarily stop the company from debiting any funds from your account for 3 years.  Find out more.

Report mistaken payments

  • You can report selected payments in the Westpac App where you have made a mistake such as inputting an incorrect BSB or account number when making a payment. Find out more.

Other things to know:

  • 18+ years old (applicant plus all signatories)
  • Operating in Australia with an Australian address.
  • Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation
  1. If your online application is successful, we'll send you an email with your account details
  2. Register for Online Banking (if you're not already a customer)
  3. Start using your account.

$10 monthly fee entitles you to 5 staff-assisted transactions a month. Additional transactions will cost:

Fee Amount
Cheques - deposited or collected (additional deposit fee may apply) $3.00 per cheque
Withdrawal or deposit at branch $3.00
Narrated credit $3.00

What to take if you’re applying in branch

For your security, we’re required to check your ID and other documents before you can open a business account. 

Unsure of your business structure? Find out using your business registration.

 

ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.


Check out other ID options (PDF 657KB)

Book an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.


ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.


Other details we need:

  • Your Customer ID (if you’re already with us)
  • Your ABN (if you have one)
  • The date you established the partnership and the state/territory
  • Foreign tax residency information (if any) including Foreign Tax Identification Number
  • The full names, addresses and dates of birth of anyone who’s a partner in the business (having a 25% or greater share in it), even if they don’t need access to this account.


Document(s) we’ll need to see:

  • If you’re a regulated partnership, current proof of membership of a professional association, PLUS
  • Partnership agreement, OR
  • Minutes from one of your meetings, OR
  • ATO notice less than 12 months old, OR
  • Certificate of registration of your business name. 


All documents must be valid originals or certified copies, and ID must match the names listed on your partnership agreement. Check out other ID options (PDF 657KB).

Book an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.


ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

 

Other details we need:

  • Your Customer ID (if you’re already with us)
  • Your ACN plus (if applicable) ABN
  • The date and state/territory of company registration/incorporation
  • If a regulated company, the name of the regulator and your licence number
  • If a non-listed but regulated company, the name of the regulator and your licence number
  • The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the business (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of a company, or has control of it (such as a CEO or MD).


A document we’ll need to see:

  • ASIC certificate of registration, OR
  • Publicly issued document from the past 12 months, such as audited accounts.

 

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 657KB).

Book an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.


ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

 

Other details we need:

  • Your Customer ID (if you’re already with us)
  • Details of the membership class (e.g. family members of named person, charitable purpose, etc.)
  • The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the trust (having a 25% or greater share in it), even if they don’t need access to this account. 

 

A document we’ll need to see:

  • Trust Deed (or a certified copy/extract) featuring names of the trust, trustees, beneficiaries and settlor(s), plus the execution page, OR
  • Settlement Deed or similar document, OR
  • ATO notice less than 12 months old, OR
  • A letter from an appropriate professional confirming the name of the trust and settlor(s).

 

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 657KB).

Book an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.


ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

 

Other details we need:

  • Your Customer ID (if you’re already with us)
  • Your ABN (if you have one)
  • If incorporated, the identification number issued by state/territory or overseas body upon incorporation plus the date and state/territory/country of establishment
  • The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the association (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of an association, or has control of it (such as a CEO or MD).


A document we’ll need to see:

  • The constitution or rules of the association, OR
  • Minutes from one of your meetings, OR (if incorporated)
  • ASIC certificate of registration or equivalent from the relevant government body.

 

All documents  must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 657KB).

Book an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.


ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

 

Other details we need:

  • Your Customer ID (if you’re already with us)
  • The date and state/territory/country of registration.
  • The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the cooperative (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of a co-operative, or has control of it (such as a CEO or MD).

 

A document we’ll need to see:

  • ASIC certificate of registration (if applicable), OR
  • Register maintained by the co-operative, OR
  • Minutes from one of your meetings.

 

All documents  must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 657KB).

 

Switch to Business One

If your needs change, you can switch from Business One Plus to Business One online. Simply log in to your Business account to make the switch and enjoy a streamlined account without staff-assisted transaction benefits and $0 monthly fees. Stay in control and manage your business banking your way.

 

Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 860KB)

Business Debit Mastercard® Terms and Conditions (PDF 402KB)
 

Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.

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

* The exclusive collection of partner offers total has been calculated assuming you take up all partner offers for the entire offer period and, where applicable, based upon the highest subscription offered. For MYOB, value has been calculated based on a monthly MYOB Business Pro subscription. Samsung involves an initial purchase of $4,000, followed by a subsequent $1,000 purchase. 

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 860KB)

 

2.Business Debit Mastercard® holders need to be at least 18 years of age, and other eligibility criteria apply.
 

3. Optional overdrafts are subject to credit approval, eligibility criteria and fees.

4. If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions. This includes keeping your sign-in details (including passwords, Westpac Protect™ SMS codes and SecurID® Token codes) private. You must inform us immediately if you suspect the security of your access details has been compromised, or you suspect an unauthorised transaction or potential fraud on your accounts.
 

5. Card Lock will temporarily stop new transactions on your card for up to 15 days or until reactivated. The card will reactivate after 15 days if you do not cancel the card. Cards to which a temporary lock can be applied will be listed when you sign in to Mobile Banking or Online Banking and visit Lock a card temporarily under Cards services.
 

6. Read the Westpac Online Banking Terms and Conditions (PDF 260KB) (PDF 745KB) 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.
 

7. Online and app banking is subject to system availability.


# $100 Welcome Offer (Welcome Offer or Offer): This Offer is available to selected customers only and is subject to eligibility requirements.

To be eligible for the $100 Welcome Offer, you must (1) open a Business One or Business One Plus transaction account (Account) (2) have deposited a minimum of $100 in a single transaction 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 that open a new Account during the Offer Period.  Where a Joint Account has been opened, eligibility is limited to a single offer to the primary account holder. The primary account holder is not eligible if, in the last two years, the primary account holder had held or already hold a Business One, Business One Plus, Business One Low Plan or Business One High Plan transaction account.

The $100 Welcome Offer will be provided by way of direct deposit to the newly opened Business One or Business One Plus account within 60 Business days after you meet the eligibility criteria. You are not eligible to receive the offer if you do not include the payee description of "WELCOME100" to the transfer of funds.

The Offer is available from 3rd February 2025 until 30th September 2026 (Offer Period), however, the Offer may be withdrawn or varied at any time without notice or for any reason. We may refuse to provide you or withdraw the Welcome 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 or Business One Plus, (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 depositing the $100 Welcome Offer into your new account. This Welcome 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 T&Cs also apply. Westpac Group Employees are not eligible for the Offer. 

Unless specifically defined in these Terms and Conditions, terms used here have the same meaning as those defined in the Westpac Deposit Accounts for Business Customers Terms and Conditions. 

^ Lawpath Legal and Accounting Offer Terms and Conditions​

The Lawpath Legal and Accounting Offer (the Offer) gives eligible Westpac customers 12 months access to certain Lawpath legal and accounting services, subject to these terms and conditions.​

You are eligible if, at the time you accept the Offer, you hold a Westpac Business one or Business One Plus transaction account; you do not hold an active Lawpath Legal Advice Plan or Accounting Advice Plan (including any paid, trial, promotional, bundled or discounted plan); and have not previously accepted this Offer.​

The Offer includes the following Plan Inclusions:​

  • two (2) complimentary 30-minute consultations with a qualified Lawpath lawyer and/or accountant;​
  • unlimited on-demand live chat access with qualified Lawpath lawyers and accountants during business hours [AEST, Mon–Fri, 9AM - 5PM];​
  • access to monthly live legal and accounting education workshops delivered via the Lawpath platform; and​
  • a 20% discount on Lawpath's standard rates for additional legal or accounting services engaged outside the Offer, excluding disbursements, filing fees and GST.​

The Offer will be available to accept from 11 May 2026 until 11 May 2027. Once accepted, you have 12 months from acceptance to access the Plan Inclusions. Changes to or withdrawal of the Offer will not affect customers who have already accepted it. ​

Eligible Customers can accept the Offer via the Business Centre section in Westpac Online Banking or the Westpac App. After acceptance, Eligible Customers access the Plan Inclusions directly through the Lawpath platform. ​

The Offer and Plan Inclusions are subject to Lawpath’s Offer Terms, Terms and Conditions of Use, including the Consultation terms . ​

Westpac is not a party to the Legal and Accounting Offer and does not provide, endorse, or guarantee Lawpath’s legal and accounting services made available under this Offer. To the extent permitted by law, Westpac accepts no responsibility and excludes all liability for any loss, damage or liability suffered or incurred by an Eligible Customer arising from, or in connection with, the acceptance or use of the Offer, including any acts, omissions, errors or negligent advice of Lawpath or associated service providers.​

Your rights under Australian consumer laws are not affected. At the end of the 12-month access period, you may be offered the option to move to a paid Lawpath plan, with no automatic renewal or billing without your consent. These terms and conditions are governed by the laws of New South Wales, Australia. Any disputes arising in connection with this Offer will be subject to the non-exclusive jurisdiction of the courts of New South Wales.​ 

 

Mastercard® is a registered trademark and the circles design is a 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.