Summary
Before you get started, here’s a quick recap of what you’re applying for:
Put surplus funds to work
Support your business's cash flow by setting aside savings for recurring expenses or to fund future growth, with 24/7 access to your money.
Eligibility check for online opening
To open a Business Cash Reserve account online, you must:
- Open in the same name (if you don’t already have one) a Westpac business transaction account. (Fees may apply).
- Be 18 years old or older (includes the applicant plus all signatories).
- Operate your business in Australia with an Australian address.
- Be a sole trader or a company with one or more directors.
If you’re not eligible to apply online, open an account at any branch.
Are you a Sole Trader?
Yes
No
Are you an existing customer?
Yes
No
What to have handy
- Your Westpac Online Banking sign in details. To save you time, we’ll pre-fill details that we already know about you.
By continuing you agree
To begin, you acknowledge:
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information, including marketing communications which we send to you.
- You have read our Financial Services Guide (PDF 218KB) which provides important information on the financial services and products we offer as a financial services licensee.
By opening the account, you agree:
- To the Deposit Accounts for Business Customers Terms and Conditions (PDF 838KB) and the Online Banking Terms and Conditions (PDF 745KB) that apply to the products and services you are applying for.
- To us sending you a Business Debit Mastercard® and linking it to your account, as set out in the Business Debit Mastercard® Terms and Conditions (PDF 300KB) (if applicable).
- To provide your consents to the actions we may take in processing your application including:
- for us to contact you about this application.
- for you to receive communications about your account, as well as account statements and terms and conditions electronically. You may change your communication preferences in Online Banking or by contacting us at any time. If you are not registered for Online Banking, you will receive account statements in paper form.
- To acknowledge your obligations including Anti-Money Laundering/Counter-Terrorism Funding requirements and our other reporting obligations if you are a foreign tax resident.
Ready to get started?
By starting your application now, it’ll be saved for 30 days if you’d like to complete it later.
What to have handy
- Your mobile phone
- Two of the below ID documents to verify your identity:
- Australian driver licence
- Medicare card
- Passport
- Australian birth certificate
- ABN and foreign tax details, if applicable.
By continuing you agree
To make it a little easier, we’ve summarised the info you need to know. If you want the full details, use the following links before starting your application.
- You agree that you’re authorised to act on behalf of the business to apply for this account.
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information, including marketing communications we send to you.
- You agree to provide your consents to us.
- You will need to also acknowledge your obligations under AML/CTF and disclose if you have any other reporting obligations.
- You agree to Financial Services Guide (PDF 218KB), Online Banking Terms and Conditions (PDF 745KB),
Deposit Accounts for Business Customers (PDF 838KB),
Westpac Debit Mastercard® Terms and Conditions (PDF 322KB).
Ready to get started?
By starting your application now, it’ll be saved for 30 days if you’d like to complete it later.
Are you applying for an Australian private company?
Yes
No
Are you an existing customer?
Yes
No
What to have handy
- Your Westpac Online Banking sign in details. To save you time, we’ll pre-fill details that we already know about you.
By continuing you agree
To view the full details, use the following links before starting your application.
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information, including marketing communications which we send to you.
- You can view our Financial Services Guide (PDF 218KB).
By opening the account, you agree:
- You are a director of the company (which you will specify as part of establishing your business profile and opening an account). The company has authorised you to act on its behalf when applying for this account.
- You will be:
- an Administrator, authorised to manage user access and settings for the company in Online Banking under the Online Banking Terms and Conditions
- a Signatory (PDF 816KB) on the business account, any authorised signatory can operate the account and sign independently on a ‘any (1) to sign’ basis. You may change your signatory authority for operating the account by contacting us at any time.
- If your company has two or more directors, you and one other director you nominate will each be an Administrator and a Signatory.
- However, if you are already an existing Business Network customer, we will not make any changes to your user profile, and no signatories will be added as part of this application.
- To the Deposit Accounts for Business Customers Terms and Conditions (PDF 838KB) and the Online Banking Terms and Conditions (PDF 745KB) that apply to the products and services you are applying for.
- To us sending you a Business Debit Mastercard® and linking it to your account, as set out in the Business Debit Mastercard® Terms and Conditions (PDF 300KB) (if applicable).
- To provide your consents to the actions we may take in processing your application including:
- for us to contact you about this application.
- for you to receive communications about your account, as well as account statements and terms and conditions electronically. You may change your communication preferences in Online Banking or by contacting us at any time.
- To acknowledge your obligations including Anti-Money Laundering/Counter-Terrorism Funding requirements and our other reporting obligations if you are a foreign tax resident.
Ready to get started?
By starting your application now, it’ll be saved for 30 days if you’d like to complete it later.
What to have handy
- Your mobile phone
- Two of the below ID documents to verify your identity:
- Australian driver licence
- Medicare card
- Passport
- Australian birth certificate
- ABN and foreign tax details, if applicable.
By continuing you agree
To view the full details, use the following links before starting your application.
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information, including marketing communications which we send to you.
- You can view our Financial Services Guide (PDF 218KB).
By opening the account, you agree:
- You are a director of the company (which you will specify as part of establishing your business profile and opening an account). The company has authorised you to act on its behalf when applying for this account.
- You will be:
- an Administrator, authorised to manage user access and settings for the company in Online Banking under the Online Banking Terms and Conditions
- a Signatory (PDF 816KB) on the business account, any authorised signatory can operate the account and sign independently on a ‘any (1) to sign’ basis. You may change your signatory authority for operating the account by contacting us at any time.
- If your company has two or more directors, you and one other director you nominate will each be an Administrator and a Signatory.
- However, if you are already an existing Business Network customer, we will not make any changes to your user profile, and no signatories will be added as part of this application.
- To the Deposit Accounts for Business Customers Terms and Conditions (PDF 838KB) and the Online Banking Terms and Conditions (PDF 745KB) that apply to the products and services you are applying for.
- To us sending you a Business Debit Mastercard® and linking it to your account, as set out in the Business Debit Mastercard® Terms and Conditions (PDF 300KB) (if applicable).
- To provide your consents to the actions we may take in processing your application including:
- for us to contact you about this application.
- for you to receive communications about your account, as well as account statements and terms and conditions electronically. You may change your communication preferences in Online Banking or by contacting us at any time.
- To acknowledge your obligations including Anti-Money Laundering/Counter-Terrorism Funding requirements and our other reporting obligations if you are a foreign tax resident.
Ready to get started?
By starting your application now, it’ll be saved for 30 days if you’d like to complete it later.
Are you a Westpac Business customer?
Yes
No
Account details
To open a Business Cash Reserve account online, you must:
- Open in the same name (if you don’t already have one) a Westpac business transaction account. (Fees may apply).
- Be 18 years old or older (includes the applicant plus all signatories).
- Operate your business in Australia with an Australian address.
If you’re not eligible to apply online, open an account at any branch.
What to have handy
- Your mobile phone
- Two of the below ID documents to verify your identity:
- Australian driver licence
- Medicare card
- Passport
- Australian birth certificate
- ABN and foreign tax details, if applicable.
By continuing you agree
To view the full details, use the following links before starting your application.
- You have read our Privacy Statement which explains how we collect, use and disclose your personal information, including marketing communications which we send to you.
- You can view our Financial Services Guide (PDF 218KB).
By opening the account, you agree:
- That you’re authorised to act on behalf of your business to apply for this account.
- To the Deposit Accounts for Business Customers Terms and Conditions (PDF 838KB) and the Online Banking Terms and Conditions (PDF 745KB) that apply to the products and services you are applying for.
- To us sending you a Business Debit Mastercard® and linking it to your account, as set out in the Business Debit Mastercard® Terms and Conditions (PDF 300KB) (if applicable).
- To provide your consents to the actions we may take in processing your application including:
- for us to contact you about this application.
- for you to receive communications about your account, as well as account statements and terms and conditions electronically. You may change your communication preferences in Online Banking or by contacting us at any time.
- To acknowledge your obligations including Anti-Money Laundering/Counter-Terrorism Funding requirements and our other reporting obligations if you are a foreign tax resident.
Ready to get started?
By starting your application now, it’ll be saved for 30 days if you’d like to complete it later.
Complete your application in branch
Currently, you can only apply online for a Westpac Business Cash Reserve account if you’re a sole trader or a company with one or more directors and based in Australia.
Otherwise, you’ll need to visit a branch to open your account. Please make sure you:
- Find out what ID and other documentation you'll need in the new customer checklist.
- Call the branch first to make an appointment, so we’re best prepared to help you.
Things you should know
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.