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Make admin a breeze

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Award winning value

Our business transaction accounts won the 2024 Canstar award for outstanding value.

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$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

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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...

No monthly fees that I can manage mainly online

Business One

Great for start-ups and smaller businesses.

  • $3 per staff-assisted transactions made in branch

Exclusive offers to add value to my growing business

Business One Plus

Ideal for expanding businesses, looking for an account that can grow with them. For just $10 a month you'll get:

Extra Value

  • 25 free staff-assisted transactions a month in branch
  • Up to $10,000 in savings and discounts through our partner offers*

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.
 

12 months free


Plus 20% off in years 2 & 3

25% off SIM plans


For all Optus Business Customers

10% credit back on rides


Plus 2.5% credit back in years 2 & 3

Special offer: $0 establishment fee with a Business Overdraft+

Save $250 or more!

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?

Open Online

Apply online in less than 5 minutes if you're a sole trader, sole director, company or an existing Westpac business customer.

Open in branch

If you're not eligible to apply online, open an account at any branch.

Find out what ID and other documentation you need to provide in the new customer checklist.

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. 

Most types of business - plus trusts, not-for-profits and associations - can open most Westpac business accounts online.

New customers with two or more signatories will need an ID and document check in branch before they can start making payments from their account.

Find out what information we need from new customers

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.

 

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 805KB).

2. Read the Westpac Online Banking Terms and Conditions (PDF 620KB) before making a decision. Not all accounts are eligible to be included in a bank feed. Not all third-party service providers support bank feeds for all accounts.
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.

 

Westpac Community Solutions Cheque Account is available for not-for-profit organisations including companies operating on a non profit or charitable basis. Westpac reserves the right, with at least 30 days written notice, to change the account to a Business One Plus if it considers that the account is being used for profit-making purposes.

A Foreign Currency Account should not be used to speculate on foreign currencies or to conduct frequent trading of foreign currencies. A Foreign Currency Account is not an account to assist with travel needs. It cannot be linked to a Travel Money card and you cannot access your Foreign Currency Account through an ATM, either within Australia or overseas. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. Deposits held in Foreign Currency Accounts are not covered by the Australian Government’s Financial Claims Scheme.

 

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.