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Who is Business One Low for?

  • Customers wanting an account to deposit, receive and access funds, and make payments through a variety of banking channels including in branch, online, telephone banking and debit card
  • Customers who mainly transact electronically and have a lower number of staff-assisted and cheque transactions.

 

Who can apply?

  • 18+ years old (applicant plus all signatories)
  • Must not be an individual using the account for predominantly personal purposes
  • Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
  • Operating in Australia with an Australian address.

 


What you get:

Bonus MYOB offer: Pay for 1 month of MYOB Business, get 12 bonus months# when you subscribe with your Westpac business card. New MYOB customers only. T&Cs and exclusions apply.#

 

  • A Business One Low transaction account to receive, deposit and withdraw funds, and make payments
  • Unlimited electronic transactions
  • 25 staff-assisted and cheque transactions per month
  • A Business Debit Mastercard
  • Ability to link an overdraft facility.


What you don't get:

  • Interest paid on funds held.

 


Important numbers:

Monthly plan fee:

No monthly fees for a year*

Pay no monthly plan fees for the first 12 months, when you open a new account online before 30 September 2022. Monthly plan fee normally $10.

Monthly allowance includes unlimited electronic transactions and 25 staff-assisted and cheque transactions
When monthly allowance is exceeded:  
Cheques written, collected or deposited:
$0.60
In-branch deposit or withdrawal:
$1
Narrated credit:
$1
Other fees and charges may apply  

Things you should know
* 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 This offer may be repeated from time to time, withdrawn, varied or extended at any time.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).