Opening bank accounts with Connect Now
Business account
Business One - Low Plan
Our most popular business bank account with 25 free transactions per month. Ideal if you are starting a new business.
- Unlimited electronic transactions
- 25 free transactions per month (includes staff-assisted and cheque transactions)
- Exclusive online offer: $0 Monthly Plan Fee* for the first 12 months for new Business One Low Plan accounts opened online before 24 December 2018.
Open Business One - Low Plan
Business account
Business Term Deposit
Lock away your money for maximum growth. You could get higher returns on your surplus cash with our range of fixed term deposits.
- No set-up, monthly service or management fees (other fees may apply)
- $5,000 minimum investment amount
Open Business Term Deposit
Business account
Business Cash Reserve
Earn interest and access your funds anytime you need them with our most popular business online savings account.
- Access to funds when you need it
- Earn tiered interest on all balances, interest is calculated daily and paid monthly
Open Business Cash Reserve
Foreign Currency Accounts
Make and receive payments in a foreign currency to help manage your cash flow.
- No monthly account maintenance fee
- There is no minimum amount required to open a Foreign Currency Account
- Accounts available in a range of foreign currencies
- Can be electronically accessed via Westpac Live for making and viewing transactions
Open Foreign Currency Account
Personal account
Westpac Choice
Our most popular personal bank account to help manage your everyday banking needs. Multiple ways to access funds, whether here or overseas.
- Westpac Online Banking + Mobile Banking
- Account Monthly Plan Fee waived if you deposit at least $2,000 each month (other fees may apply)
Open Westpac Choice - Personal account
Personal account
Westpac eSaver Accounts
Our online savings account. Link it to your Westpac personal everyday account for 24/7 access to funds.
- 24/7 access to funds via your linked everyday account
- No monthly service fee
Open Westpac eSaver - Personal account
Personal account
Westpac Term Deposit
A Westpac Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms.
- Open a term deposit with $5,000
- No set-up, monthly service or management fees
Open Westpac Term Deposit - Personal account
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 520KB) (PDF 363KB)
Online Banking Terms and Conditions
To be eligible to apply for Business One - Low Plan your business must be registered in Australia.
Before deciding to acquire or hold any of these products, you should read the terms and conditions and consider whether the product is suitable for you.
* Open a new Business One Low Plan account online between 10th December and 24th December 2018 to have the Monthly Plan Fee waived for the first 12 months. At the end of the 12 month period the standard Monthly Plan Fee, currently $10, applies to the Business One Low Plan. 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. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement at https://www.westpac.com.au/business-banking/bank-accounts, before deciding.
To be eligible to apply for Business Cash Reserve account, your business must be registered in Australia.
Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 109KB)
(PDF 119KB)
24/7 access is subject to system availability.
Personal
Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 360KB) (PDF 12MB)
Westpac Debit MasterCard® Terms and Conditions (PDF 149KB) (PDF 157KB)
Online Banking Terms and Conditions (PDF 200KB) (PDF 303KB)
Important Information regarding Term Deposits and Farm Management Deposits (PDF 119KB) (PDF 119KB)
Westpac Emergency Cash and Westpac Cardless Cash - Terms and conditions (PDF 73KB)
(PDF 133KB)
Before making a decision about any of our products or services, please read the terms and conditions. Fees and charges apply and may change.