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Business One Flexi everyday transaction account

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

Here's what you get:

  • Simple, pay as you go fee structure
  • Business Debit Mastercard 1
  • Temporary card lock feature 2
  • Optional cheque book
  • Fast payments including PayID via Osko 3


Apply online in less than 10 minutes^.



Clarity, convenience, and time back in your day

Get a clear view of your cash flow

If you're already with Westpac, keep your business and personal finances separate for tax time - but with a handy single sign in.


Bank anytime, anywhere

Do your banking when it suits you in Online Banking and the Westpac App; or drop into a branch during opening hours.


Save time on accounting

Keep your digital records in order with eStatements, and set up bank feeds to Xero, MYOB and others to simplify accounting.4


Bonus MYOB​ for 12 months

Pay for 1 month of MYOB Business, get 12 bonus months# when you subscribe with your Westpac Business card. New MYOB customers only.

Terms & Conditions apply. Find out more

Rates and fees

Transaction Amount
Self-service (electronic) withdrawals $0.50
Self-service (electronic) deposits $0.50
Cheques written $1.00
Cheques collected or deposited (Additional charge for the branch transaction may apply) $1.00 per cheque
Branch assisted withdrawal $2.50
Staff assisted deposit $2.50
Narrated credit $2.50
Non-Westpac/St.George/BankSA/Bank of Melbourne branded ATMs within Australia (cash withdrawals or balance enquiries). An ATM operator fee (disclosed at the time of the transaction) may be applied by the ATM owner. $0
Overseas Withdrawal fee (formerly known as Overseas ATM Cash Withdrawal fee). An overseas bank surcharge may also apply. $5.00 or Nil for cash withdrawals from ATMs belonging to Institutions in Global ATM Alliance
Overseas ATM balance enquiry
Westpac Foreign Transaction Fee The fee amount charged is dependent on the nature of the transaction, as set out below.


  • 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
Things you should know

Business Debit Mastercard® Terms and Conditions (PDF 423KB)

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.

^Account opening criteria applies.
# New MYOB subscribers only. Must use eligible Westpac card to take up offer between 6 June 2022 and 5 June 2023. Inventory, payroll, online invoice payments and excess bank feeds excluded. T&Cs apply (Note: you will be taken to an external MYOB website).


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

2.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.

3.Fast or near real-time payments are sent and received using Osko by BPAY and can be addressed to either a PayID or a BSB and account number. Near real-time payments require both the payer and payee to have Osko enabled accounts. Payments may take longer in some instances, such as where there is a technical interruption to the service, there is a payment to a first time payee or when the payment is caught for additional security screening. BPAY® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.

4.Read the Westpac Online Banking Terms and Conditions (PDF 236KB) 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.

Customers must be able to meet any applicable fees and charges.

Zero interest rates may apply, and then you will receive no interest on your account balance. References to interest being paid should be read accordingly.

Overseas ATM cash withdrawal surcharges: Some overseas banks may also apply a surcharge to withdrawals from their ATMs. This should be drawn to your attention before you proceed with your transaction. This surcharge amount will be added to your withdrawal amount, converted to Australian dollars and debited to your account as one transaction.  Details of how to access your accounts via an ATM whilst overseas, and of the participating institutions in the Global ATM Alliance, are available in the 'A banking guide for overseas travel' brochure.  Visit your local branch, call Business Telephone Banking for further details or sign in to

Foreign transaction fee: This fee will be incorporated into the $AUD transaction amount shown on your statement.  The fee charged will either be:
(a) 3% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located outside of Australia (comprising of 2% Westpac Processing Fee plus 1% Westpac On-Charged Scheme Fee);
(b) 2.2% of the $AUD transaction amount where a transaction is made in foreign currency or the merchant or financial institution accepting the card is located in Australia (comprising of 2% Westpac Processing Fee plus a Westpac On-Charged Scheme Fee of 0.2%).

Business Telephone Banking enquiries - Low or High: Account enquiries include balance enquiries and obtaining the details of a deposit or withdrawal.  20 free enquiries per month, then:  $0.25 for self service and $0.65 for staff assisted (does not apply if the minimum monthly balance in the account is greater than $5,000 or a minimum $5,000 overdraft exists). An account balance enquiry received immediately after, and as part of, a withdrawal transaction is exempt from fees and does not count towards the monthly number of free transactions.

World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks of, and PayPassTM is a trademark of, Mastercard International Incorporated.

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