A dedicated team to help you switch business banks
Our dedicated team will help you switch business banks – saving you time, money and hassle.
Save costs and time when you switch to Westpac
Dedicated team
Our dedicated team supports you through the entire refinancing process, end-to-end, saving you the need to deal with multiple touch-points.
Set-up fees waived
We’ll waive the loan establishment fees associated with switching for eligible customers. This could save you up to $1,500 on a new Business Loan* or Business Overdraft limit of $250,000.**
Less Loan Paperwork
Save time and admin with fewer financial documents required, if eligible.
Set-up, sorted
After you switch our dedicated team will review your setup and address any questions, so you can stay focused on your business.
The Products we can help you switch to
Get a $100 warm welcome
Open a new $0 monthly fee business transaction account, deposit a minimum of $100 in a single transaction within the first 10 days using the description WELCOME100 and pocket $100 on us. New business customers only. T&Cs apply.#
Help simplify your business finances
Use Business Money Tools to take control of your finances. In the Westpac App, the tools can help simplify money management to drive business growth.
Business solutions in the palm of your hand
Instant Digital Card
- Your Westpac Instant Digital Card provides a secure, flexible payment solution, available in the Westpac App. Find out more.
Make purchases with your mobile device
- Link your card to Apple Pay, Google Pay TM or Samsung Pay TM to make fast contactless payments with your smartphone or wearable. Find out more.
Lock your debit card temporarily
- Avoid the hassle of cancelling if you’re concerned you may have lost your debit card. Lock it for up to 15 days while you look, in Online Banking or the Westpac App ^. Find out more.
Cancel direct debit
- We can notify a company of your request to cancel a direct debit or temporarily stop the company from debiting any funds from your account for 3 years. Find out more.
Report mistaken payments
- You can report selected payments in the Westpac App where you have made a mistake such as inputting an incorrect BSB or account number when making a payment. Find out more.
Things you should know
*Terms and Conditions for the $0 Establishment Fee Waiver for Business Loans
We will waive the establishment fee for eligible Business Loans of up to $250,000 when you refinance from another lender.
Eligibility and timing
Application enquiries must be submitted through switching form and approved between 17 June 2026 and 29 July 2026 and settled within 90 days of approval.
Exclusions
The offer is not available for any other applications, including those submitted through third parties or brokers. We may withhold the offer where an application is reasonably determined by us to be fraudulent or materially misleading.
Approval
All applications are subject to approval. Standard terms, conditions, fees, charges and credit criteria apply. Eligible customers can apply with streamlined business financial documents. Certain identification and other documents may still be required.
How the fee waiver works
We will waive the establishment fee or refund it within 60 days of settlement. If you believe an establishment fee has been charged in error, please contact us. Establishment fees may still apply to other products you request as part of your application. Other fees & charges may apply.
We may withdraw or vary this offer if we reasonably consider it necessary to manage an immediate or material risk.
**Terms and Conditions for the $0 Establishment Fee Waiver Offer on Business Overdrafts
We will waive the establishment fee for eligible new Business Overdrafts of up to $1 million, or for a limit increase of up to $1 million on an existing Business Overdraft.
1. Eligibility, credit criteria and type of security determine how much you can borrow.
Eligibility and timing
Applications must be received and approved between 07 April 2026 and 30 September 2026 and settled within 90 days of approval.
For Business Overdrafts, you must also have an eligible Westpac Business Transaction Account.
Exclusions
The offer is not available for any other applications, including those submitted through third parties or brokers.
Temporary Overdrafts are not included.
We may withhold the offer where an application is reasonably determined by us to be fraudulent or materially misleading.
Approval
All applications are subject to approval. Standard terms, conditions, fees, charges, and credit criteria apply.
How the fee waiver works
We will waive the establishment fee or refund it within 60 days of settlement.
If you believe an establishment fee has been charged in error, please contact us.
Establishment fees may still apply to other products you request as part of your application.
We may withdraw or vary this offer if we reasonably consider it necessary to manage an immediate or material risk.
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 30th September 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 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.
^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.