Business bank account
Simplify your business banking. Get your everyday and savings accounts all in one place. Easily switch between your business and personal banking in the Westpac App.
Why Westpac is the smart choice for your business
Convenient
Australia’s first bank, Westpac offers the largest bank network and the #1 Banking App.
Scalable
With $0 monthly fee bank accounts, partner offers and flexible payment solutions.
Complete
Access tailored business loans, credit cards and advanced eCommerce tools.
Flexible
Payment solutions for a wide range of businesses. Includes not-for-profit groups.
Featured accounts and special offers
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BUSINESS ONE: NO MONTHLY FEE BUSINESS ACCOUNT
You could get a $100 warm welcomeSimplify your business cashflow with our award-winning account. Pay $0 monthly fees and apply online in less than 5 minutes.
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BUSINESS ONE PLUS: FEATURE RICH BUSINESS ACCOUNT
You could get a $100 warm welcomeSuits businesses that require more in-branch support. Receive 5 free staff-assisted transactions per month for just $10 a month.
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BUSINESS CASH RESERVE SAVINGS ACCOUNT
You could earn up to 2.40% p.a. on the first $10KSupport your business's cash flow with 24/7 access to your money. Set aside savings for recurring expenses or to fund future growth.
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BUSINESS TERM DEPOSIT
Special online offer: up to 3.90% p.a. for 11 monthsInvest surplus funds for a fixed term and enjoy the certainty of a guaranteed return. Open, view and manage your account online.
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FOREIGN CURRENCY ACCOUNT
Make and receive payments in foreign currencies. You choose when to convert funds. Up to 12 currencies available when you open online.
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NOT-FOR-PROFIT TRANSACTION ACCOUNT
A Community Solutions One account is for charities and not-for-profits. A no-fees bank account, where all the money goes to helping your cause.
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NOT-FOR-PROFIT SAVINGS ACCOUNT
With a Community Solutions Cash Reserve account earn interest on funds you’ve yet to use for your cause. Enjoy online access to funds when you need it.
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FARM MANAGEMENT DEPOSIT ACCOUNT
Build up cash reserves in the good years to help safeguard your future. Open and manage your Farm Management Deposit (FMD) online.
GET UP TO $10K OF VALUE FOR YOUR BUSINESS
Business solutions in the palm of your hand
Special offer: $0 overdraft set up
You could get an overdraft on your business transaction account with no establishment fee. This offer is for applications sent in and approved between 16 June 2025 and 31 December 2025. It's only for a short time.
Usual credit checks and T&Cs apply.
SIMPLIFY YOUR MONEY MANAGEMENT
LAYERS OF SCAM AND FRAUD PROTECTION
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 819KB)
Business Debit Mastercard® Terms and Conditions (PDF 287KB)
Important information for Westpac business account customers - 19 December 2018 (PDF 29KB)
Foreign Currency Account Terms & Conditions (PDF 365KB)
International Products and Services Standard Fees (PDF 174KB)
Online Banking Terms and Conditions (PDF 740KB)
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.
# $100 Welcome Offer (Welcome Offer or Offer): This Offer is available to selected customers only and is subject to eligibility requirements.
To be eligible for the $100 Welcome Offer, you must (1) open a Business One or Business One Plus transaction account (Account) (2) have deposited a minimum of $100 in a single transaction within 10 Days of account opening and (3) you must also add a payee description "WELCOME100" to the deposit transaction when transferring the $100 into your new account from another account or financial institution.
Eligibility is limited to a single offer per Account and a single offer per customer. The Offer is available to new Business One or Business One Plus transaction account customers that open a new Account during the Offer Period. Where a Joint Account has been opened, eligibility is limited to a single offer to the primary account holder. The primary account holder is not eligible if, in the last two years, the primary account holder had held or already hold a Business One, Business One Plus, Business One Low Plan or Business One High Plan transaction account.
The $100 Welcome Offer will be provided by way of direct deposit to the newly opened Business One or Business One Plus account within 60 Business days after you meet the eligibility criteria. You are not eligible to receive the offer if you do not include the payee description of "WELCOME100" to the transfer of funds.
The Offer is available from 3rd February 2025 until 31st January 2026 (Offer Period), however, the Offer may be withdrawn or varied at any time without notice or for any reason. We may refuse to provide you or withdraw the Welcome Offer payment if, without limitation, we reasonably believe that (i) you do not comply with these Terms and Conditions or the Terms and Conditions of Business One or Business One Plus, (ii) your account is fraudulent, (iii) you are not acting in good faith, or (iv) you have closed your Business One or Business One Plus account prior to us depositing the $100 Welcome Offer into your new account. This Welcome Offer may have taxation implications. We recommend that you seek independent advice to determine any tax liability or other tax implications based on your individual circumstances. Business One and Business One Plus T&Cs also apply. Westpac Group Employees or where the customer or primary account holder is a Trust are not eligible for the Offer.
Unless specifically defined in these Terms and Conditions, terms used here have the same meaning as those defined in the Westpac Deposit Accounts for Business Customers Terms and Conditions.Protected by the Financial Claims Scheme (FCS): If you have a Westpac deposit account, in certain circumstances you may be entitled to a payment under the FCS. Payments under the FCS are limited for each customer. You can find out more information from the APRA website at www.fcs.gov.au.
Westpac Community Solutions Cheque Account is available for not-for-profit organisations including companies operating on a non profit or charitable basis. Westpac reserves the right, with at least 30 days written notice, to change the account to a Business One Plus if it considers that the account is being used for profit-making purposes.
A Foreign Currency Account should not be used to speculate on foreign currencies or to conduct frequent trading of foreign currencies. A Foreign Currency Account is not an account to assist with travel needs. It cannot be linked to a Travel Money card and you cannot access your Foreign Currency Account through an ATM, either within Australia or overseas. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. Deposits held in Foreign Currency Accounts are not covered by the Australian Government’s Financial Claims Scheme.
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