Compare all business bank accounts

Everyday account

Interest earning account

Monthly Plan Fee/ Account-keeping fee (formerly known as monthly service fee)

Transaction value

Earn interest on business funds

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®.

Are you a not-for-profit organisation?

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 525KB)

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 166KB)

Important Information Document (PDF 1MB)

* Open a new Business One Low Plan account online between 7 June and 6 August 2021 to have monthly plan fees waived for the first 12 months. At the end of the 12-month period the standard monthly plan fee (currently $10) will apply. 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 This offer may be repeated from time to time, withdrawn, varied or extended at any time.

 

1.To be eligible for Biz Invoice you must be registered for Online Banking and hold a Westpac Business One Low Plan or Business One High Plan or Foreign Currency Account (excluding the Chinese Yuan RMB foreign currency account).  Terms and conditions, fees and charges apply in relation to the above accounts. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement for  Westpac's Online Banking facility,  Business transaction accounts and  Foreign currency account (PDF 3MB), before deciding. 
 
2.Fees may be incurred for certain electronic transactions such as foreign transactions and withdrawals from some overseas ATMs. For a complete view of fees, please refer to our Terms and Conditions (PDF 525KB).

 

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® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.