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The best features of our Business One High Plan bank account

Get a high number of included transactions, business-grade online banking, time-saving tools, online invoicing and more.

Feature-rich business banking

$20 monthly plan fee

For just $20 you’ll get a sizeable package of included transactions plus all the time-saving features of Westpac Online Banking for Business.

Unlimited electronic transactions2

Make limitless online and mobile app payments (within Australia), debit card purchases and ATM withdrawals across Australia.

Unlimited multiple payments

Pay nothing to set up and make batch payments, which allow you to pay up to 500 payees at one time.

60 staff-assisted and/or cheque transactions

Use your monthly allocation for staff-assisted deposits and withdrawals, cheque transactions and narrated credits.3,4


24/7 business-grade online banking5

Complimentary online invoicing tool6

Write, send and manage professional looking invoices on PC, laptop and mobile using Biz Invoice. Save time on reconciling and payment chasing too (with automatic payment reminders) – and sole traders can offer a BPAY7 option to encourage even faster payments.

Seamless connection with your accounting software

Set up a secure bank feed to connect your account with MYOB, Xero, Quickbooks and many other small business accounting software packages.8

Shared access with colleagues and trusted professionals

Grant account access to team members, fellow directors and accounting professionals – and manage their level of use and payment approval.8

Near instant payments9

Receive near real-time payments (via BSB and account number) when a customer’s bank also uses Osko®. You can also make it easier for your customers to pay you by registering your ABN as a PayID and linking it to your account.

Streamlined batch and regular payments

Import payees and direct debit files, create templates and save yourself time by paying bills and salaries in batches.

Convenient mobile cheque deposits

Avoid the trip to your branch by scanning and depositing cheques through your Westpac App.

Single sign in for multiple accounts

Forget having to remember numerous passwords. You can view and manage multiple accounts – including business and personal – with a single sign in.

Tax time simplified

To save time at tax time, choose convenient eStatements, connect to your accounting software, and share access with your accountant.

Safe and secure online banking

Westpac Protect™ guarantees that if your Westpac account is compromised due to internet fraud, we will repay any missing funds, provided you comply with our Ts&Cs.

Help in-branch when you want it

Banking online doesn’t mean you lose out on the services of our highly experienced business bankers. You’ll be welcomed in branch any time you’d like some help with starting, running or growing a business.


Complimentary business debit Mastercard10

Pay anywhere worldwide

Use your business debit card wherever Mastercard is accepted – to help keep track of your business purchases and expenses.

Withdraw business cash worldwide

Pay no ATM withdrawal fees at over 50,000 ATMs across Australia and the world (other fees may apply).11,12,13

24/7 fraud protection

Enjoy the peace of mind and protection of having card transactions monitored for irregular or suspicious activity.

Temporary card lock

Forget having to cancel your card when you may just have mislaid it. Temporary card lock lets you block card use for up to 15 days while you search for it.14


Open a Business One High Plan account online

Be up and running in less than 10 minutes1

  


Other banking services you can link your account to

The Westpac business banking partner single-bank solution is designed to support your business as you grow and evolve.

  

Business savings account

Move surplus funds from your Business One High Plan account into a Business Cash Reserve savings account – to earn interest without paying a monthly fee.

Unsecured business overdraft

Support your cash flow by smoothing out the peaks and troughs of business – with a flexible line of credit attached to your new Business One High account.15

EFTPOS offer

We’ll waive your Business One High Plan monthly fee for the first 12 months when you take out an EFTPOS 1 terminal and remain on a Merchant Pricing Plan. T&Cs, fees and charges apply.

Things you should know

Business Debit Mastercard® Terms and Conditions (PDF 145KB)


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.


Find out what information you need to provide to become a Westpac customer.


To be eligible to apply for Business One - Low Plan, Business One - High Plan or Business Flexi, your business must be registered in Australia.


1. Account opening criteria applies.

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 480KB).

3.A deposit to an account with two cheques will count as three transactions, one for the deposit (depending on the channel used) and one for each cheque lodged because each item requires individual processing.

4.Narrated credits are branch transactions using a serial number encoded deposit slip designed to allow you to identify the deposit from the serial number used.
 
5. Subject to system availability. Westpac Online Banking is subject to  terms and conditions (PDF 277KB) and may be subject to fees and charges.

6.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 facilityBusiness transaction accounts and  Foreign currency account (PDF 3MB), before deciding.

7.To be eligible to set up BPAY Payments with Biz Invoice you must be registered for Online Banking and be a Sole Trader who is the sole owner of the Westpac Business One Low Plan or Business One High Plan account to which Biz Invoice is linked. Each BPAY transaction will incur a transaction fee. Read the disclosure documents for your selected product or service, including the  Biz Invoice BPAY Sub-Biller Agreement Terms and Conditions (PDF 104KB) and  Direct Debit Request including the Direct Debit Request Service Agreement (PDF 36KB), before deciding. Terms, conditions, fees, charges and eligibility apply. Full details are available on application.

8.Read the  Westpac Online Banking Terms and Conditions (PDF 277KB) before making a decision. Not all accounts are eligible to be included in a feed. These can include loan accounts and accounts requiring multiple authorisations for transactions. Bank Feed must be set up with Third Party Service Provider before it can be connected in Westpac Live. If your Third Party Service Provider does not appear in the drop down menu in Westpac Live, you may need to check that your provider is registered with Westpac. Should there be any changes in your user access or network access levels, you may need to disconnect your Bank Feed(s) as any access changes will not impact bank feeds.  The products and services offered by these Third Party Service Providers may be subject to terms and conditions and fees and charges.  Westpac does not guarantee or endorse the services or products offered by these Third Party Service Providers.

9. 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.

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

11.
Global ATM: A 3% Westpac Foreign Transaction Fee applies to overseas debit or credit card withdrawals. A 2% cash advance fee applies to credit card withdrawals where the "Credit" option is selected. A list of Global Alliance members is available. It is important to know that the functionality to withdraw money from a linked Westpac account via Credit Card is not available when using overseas ATMs, including Global Alliance ATMs. To ensure access to Savings and or Cheque account funds when overseas please speak to us about obtaining a Debit Mastercard ®

12.
Westpac 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%).

13. 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 www.westpac.com.au/business.

14.
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.
 
15.Westpac’s normal lending criteria applies. Fees and charges apply and are available on request.

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.