BUSINESS TRANSACTION ACCOUNT
Make admin a breeze
Award winning value
Our business transaction accounts won the 2024 Canstar award for outstanding value.
$0 monthly fees
Choose Business One if you're looking for a no monthly fee business account
Make tax time simpler
Connect to accounting software like MYOB, Xero, Quickbooks, and more with bank feeds.2
Integrate payment options
Take secure in-person payments with the EFTPOS Air app on your compatible phone or tablet.
Set up your business with 12 months of free subscriptions
Get 12 months free on a Lawpath Essentials plan + free ABN registration (valued at $518^) and a MYOB plan (valued at up to $696^ after you pay the first month) with a $0 monthly fee Westpac Business One transaction account.
T&Cs apply. Learn more about the free subscription deal​
I'm looking for an everyday business account with...
Access up to $10,000 of value for your business with Business One Plus*
We’ve got together with 10 key partners to reward Business One Plus account holders with access to an exclusive collection of special offers.
Special offer: $0 establishment fee with a Business Overdraft+
For a limited time, you’ll save $250 or more on the establishment fee when you add an overdraft to a business transaction account. Offer is available for applications received and approved between 1 October 2024 and 31 December 2024.
Limited time offer. Credit and eligibility criteria, T&Cs, fees and charges apply. Westpac Business transaction account required.
How do I open a business transaction account?
Westpac ProtectTM Online Banking Security Guarantee
If your Westpac account is compromised as a result of internet fraud, we guarantee to repay any missing funds, provided you comply with our Online Banking Terms and Conditions
Still not sure which bank account to choose?
Use our handy comparison tool to find the right option for your business.
Need a no-fee bank account for a not-for-profit?
Open a Westpac Community Solutions One transaction account, designed for charities and other not-for-profit organisations, with no monthly or transaction fees, so 100% of your money goes to supporting your cause.
Frequently asked questions
Use our handy comparison tool to find the right option for your business.
Business tools and support
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 805KB)
Business Debit Mastercard® Terms and Conditions (PDF 171KB)
Important information for Westpac business account customers - 19 December 2018 (PDF 29KB)
Foreign Currency Account Terms & Conditions (PDF 431KB)
International Products and Services Standard Fees (PDF 156KB)
Online Banking Terms and Conditions (PDF 620KB)
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.
+ Business Overdraft Establishment Fee Waiver:
Offer comprises waiving of the relevant establishment fee for any new Business Overdraft, or increase to an existing Business Overdraft, where the application is received and approved between 1 October 2024 and 31 December 2024.
- You must have an eligible Westpac Business Transaction Account.
- This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.
- Excludes Temporary Overdrafts.
- Applications that include other products may incur separate Establishment Fees for those products.
- If you think that there has been an error in your charging of an establishment fee please contact us.
- Terms, conditions, fees, charges, credit criteria apply.
* Value has been calculated using the highest subscription offered for 12 months.
Bank feeds must be set up with third-party service provider before it can be connected in Westpac Online Banking. If your third-party service provider doesn’t appear in the drop-down menu in Westpac Online Banking, you may need to check that your third-party service provider is registered with Westpac. Should there be any changes to your user access or network access levels, you may need to disconnect your bank feed(s) as any access changes won’t impact bank feeds. The products and services offered by third-party service providers are subject to their own terms and conditions and fees and charges. Westpac doesn’t guarantee or endorse the services or products offered by third-party service providers.
Mastercard® is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trademarks of Google LLC. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd.
PayID® and PayTo® are registered trademark of NPP Australia Limited.