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One account, two special offers

Limited time only

$0 monthly fee for 12 months*

Open a new account online before 30 Sept 2022 and pay no monthly fee for the first year. Fee normally $10 a month.

Bonus MYOB for 12 months#

Pay for 1 month of MYOB Business, get 12 bonus months# when you subscribe with your Westpac business card. Offer ends 5 June 2023. Learn more

Business One Low 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.

Here's what you'll get:

  • Unlimited online/app transactions¹
  • 25 free in-branch transactions a month
  • Business Debit Mastercard²
  • Optional cheque book
  • Fast payments (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


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

Need more in-branch transactions? Check out Business One High.

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.


^ Account opening criteria applies.


* Open a new Business One Low Plan account online between 30 May and 30 September 2022 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 This offer may be repeated from time to time, withdrawn, varied or extended at any time.


# 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.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 11MB).
2.Business Debit Mastercard® holders need to be at least 18 years of age, and other eligibility criteria apply.
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.