Feature rich everyday business account
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.
Business One Plus everyday transaction account
This feature-rich bank account is designed for sole traders, partnerships, companies, associations, SMSFs and trusts, as well as not-for-profits requiring an overdraft facility.
Get all this value for $10/month:
- Unlimited free electronic transactions¹
- 25 free staff-assisted transactions
- Access your business and personal finances in the one app and in Online Banking
- Business Debit Mastercard®²
- Eligible account for EFTPOS Air mobile app
- Optional overdraft facility.³
Open an account online if you’re:
- A sole trader
If you’re not eligible to apply online, open an account any branch.
Pay no monthly fees for 6 months!
Open a new Business One Plus account and we'll rebate the $10 monthly account keeping fee for the first 6 months. New business customers only. Accounts opened between 1st October 2024 and 28th February 2025. T&Cs apply. ^
Clear, simple and secure business banking
Easily switch between profiles
See all your banking in one place in Online Banking and the Westpac App7. Manage your personal and business accounts side by side with a single sign in.
Online security guaranteed
We'll repay any missing funds if your account is compromised as a result of Internet fraud, as long as you've complied with our T&Cs.4
Save time on accounting
Keep your digital records in order for tax time with eStatements, and set up bank feeds to accounting software such as MYOB and Xero.6
Business solutions in the palm of your hand
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 5. Find out more.
Cancel direct debt
- 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.
Take the reins on payments
What to take if you’re applying in branch
For your security, we’re required to check your ID and other documents before you can open a business account.
Unsure of your business structure? Find out using your business registration.
$100 bonus, just for using EFTPOS Air
Take payments the easy way with EFTPOS Air on your compatible device – and get $100 for taking $1,000 through the app. Must be within 30 days of merchant facility approval between 3 June and 29 November 2024. T&Cs apply.*
Tips for starting and growing
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 536KB)
Business Debit Mastercard® Terms and Conditions (PDF 171KB)
Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.
Find out what information you need to provide to become a Westpac customer.
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 536KB)
2.Business Debit Mastercard® holders need to be at least 18 years of age, and other eligibility criteria apply.
3. Optional overdrafts are subject to credit approval, eligibility criteria and fees.
4. If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions. This includes keeping your sign-in details (including passwords, Westpac Protect™ SMS codes and SecurID® Token codes) private. You must inform us immediately if you suspect the security of your access details has been compromised, or you suspect an unauthorised transaction or potential fraud on your accounts.
5. 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.
6. Read the Westpac Online Banking Terms and Conditions (PDF 260KB) (PDF 407KB) 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.
7. Online and app banking is subject to system availability.
^Open a new Business One Plus account between 1st Oct 2024 and 28th February 2025 to have monthly account-keeping fees rebated for the first 12 months. At the end of the 12-month period, the standard monthly account-keeping fee (currently $10) will apply. Other fees and charges, terms and conditions apply to Business One Plus. This offer may be repeated from time to time, withdrawn, varied or extended at any time.
Mastercard® is a registered 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.