Opening bank accounts with Connect Now

As a business owner we know you are time poor - there is an easy, simple way to open the accounts you need, in your own time.

Business account

Business One Plus

Our most popular business bank account with unlimited electronic transactions and 25 free in-branch transactions per month. Ideal if you are starting a new business.

  • $10 monthly fee
  • Unlimited electronic transactions1
  • Exclusive partner offers on key business services.
  • 25 free staff-assisted and cheque transactions per month
  • Reduce the time you spend on accounting tasks by connecting your bank feed.
Open Business One Plus account

Open now Find out more

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, account-keeping or management fees (other fees may apply)
  • $5,000 minimum investment amount.
Open Business Term Deposit

Find out more

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

Open now Find out more

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

Open now Find out more

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

Open now Find out more

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 account-keeping fee.
Open Westpac eSaver - Personal account

Open now Find out more

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, account-keeping or management fees.
Open Westpac Term Deposit - Personal account

Open now Find out more
Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 556KB)

Online Banking Terms and Conditions

Term Deposits & Farm Management Deposits - Terms and Conditions
(PDF 1MB)


24/7 access is subject to system availability.

# 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).

 

1.Fees may be incurred for certain electronic transactions such as foreign transactions and withdrawals from some overseas ATMs. Customers must be able to meet any applicable fees and charges. For a complete view of fees, please refer to our Deposit Accounts for Business Customers Terms and Conditions (PDF 556KB).
 

To be eligible to apply for Business One Plus 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.


To be eligible to apply for Business Cash Reserve account, your business must be registered in Australia.

 

Personal

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 360KB) (PDF 1MB)

Westpac Debit MasterCard® Terms and Conditions (PDF 149KB) (PDF 205KB)

Online Banking Terms and Conditions (PDF 200KB) (PDF 417KB)

Important Information regarding Term Deposits and Farm Management Deposits (PDF 119KB) (PDF 1MB)

Westpac Emergency Cash and Westpac Cardless Cash - Terms and conditions (PDF 73KB)


Before making a decision about any of our products or services, please read the terms and conditions. Fees and charges apply and may change.