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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.

To be eligible for EFTPOS Air, you'll need to be a sole trader, association, company or not-for-profit.

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.

$10 monthly fee

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
  • Exclusive partner offers on key business services

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

Get a 2.54% p.a. bonus rate on your business savings

Team your business transaction account with a new Business Cash Reserve savings account and receive an introductory fixed interest rate^ of 2.54% p.a.

Available 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.


Not-for-profit transaction account

You can also apply for EFTPOS Air if you have a no-fees Community Solutions One account.

Explore this account

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.

^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. 
* Total partner value has been calculated assuming you take up all partner offers for the entire offer period. Where applicable, we have used the highest subscription offered for Samsung, an initial purchase of $4,000, followed by a subsequent $1,000 purchase. For Uber, an annual spend of $1,000 is considered. 

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 Terms and Conditions (PDF 390KB) (PDF 556KB).
2. Read the Westpac Online Banking Terms and Conditions (PDF 239KB) (PDF 555KB) 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.


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