Compare all business bank accounts
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Everyday account |
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Interest earning account |
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Business purpose |
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High no. of transactions |
Pay as you go account for a low number of transactions |
Set money aside for future payments |
Earn bonus interest |
Earn more interest for longer terms |
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Monthly Plan Fee/ Monthly Service Fee |
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$10 |
$20 |
Nil |
Nil |
Nil |
Nil |
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Transaction value |
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Pay-as-you-go fee structure, only pay fees for transactions you make |
Unlimited transfers with other Westpac Business accounts held by customer in the same name(s) as the business savings account using Online Banking or automated Business Telephone Banking only |
Unlimited transfers with other Westpac Business accounts held by customer in the same name(s) as the business savings account using Online Banking or automated Business Telephone Banking only |
No withdrawals allowed prior to maturity |
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Earn interest on business funds |
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Nil - Consider complementing your transaction account with a Business Cash Reserve savings account |
Earn interest on balances of $2,000 or more |
Earn tiered interest on certain balances |
Earn tiered interest on all balances |
Earn tiered interest on all balances, plus bonus interest rate on balances of $10,000 or more if no withdrawals in a month |
Fixed interest rate for a fixed term, $5,000 minimum investment |
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Biz Invoice
Linked to your account, Biz Invoice lets you create, send and reconcile invoices on your mobile –and now eligible sole traders1 can let customers make credit card payments by setting up BPAY®.
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Are you a not-for-profit organisation?
- Community Solutions One transaction account - Pay no monthly account keeping fees and earn interest on your credit balances
- Community Solutions Cash Reserve savings account - Earn a higher rate than your Community Solutions One whilst having 24 hours, 7 days a week convenient access via Phone or Online Banking
- Community Solutions Cash Reserve Bonus savings account - Earn bonus interest when no withdrawals are made in a month. A good companion for your Community Solutions One.
Are you in agribusiness?
- Business One transaction account - Fuss free everyday banking for Agribusinesses. Choose from Low or High plan depending on the number of transactions you make and your monthly balance.
- Farm Management Deposit - Lets you build cash reserves to help better manage cash flow uncertainties. Hold farm management deposits for at least 12 months to be eligible for the taxation benefits.
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 384KB)
Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 3MB)
Important Information Document (PDF 119KB)
To be eligible to apply for Business Cash Reserve or Business Cash Reserve Bonus savings account, you must hold another Westpac Business transaction account(s) in the same name as the Business Cash Reserve or Business Cash Reserve Bonus savings account.
Westpac Community Solutions One 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.
24/7 access is subject to system availability.
To be eligible to apply for Community Solutions Cash Reserve or Community Solutions Cash Reserve Bonus savings account, you must hold another Westpac Community Solutions One account(s) in the same name as the Community Solutions Cash Reserve or Community Solutions Cash Reserve Bonus savings account.
Tax information is only a guide. It's important to obtain independent expert tax advice.
BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.