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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

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

image of a digital wallet

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

  • See, review and authorise new  PayTo® payments before money leaves your account. Receive fast, secure business payments using your ABN or mobile number as a PayID.

Other things to know:

  • 18+ years old (applicant plus all signatories)
  • Operating in Australia with an Australian address.
  • Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation

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.

 

ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.


Check out other ID options (PDF 657KB)

$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.*

 

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.
 

* Total partner value has been calculated assuming you take up all partner offers for the entire offer period. Where applicable, we have used the highest subscription offered for Samsung, an initial purchase of $4,000, followed by a subsequent $1,000 purchase. For Uber, an annual spend of $1,000 is considered. 

# $100 Bonus Offer: Conditions, fees, charges, eligibility criteria and exclusions apply. Standard product terms and conditions also apply. To be eligible for the $100 Bonus Offer (Bonus Offer) you must have an application for a Westpac EFTPOS Air facility approved between 3 June 2024 and 29 November 2024 and have achieved $1,000 gross sales within 30 days of the EFTPOS Air application approval (Eligibility Criteria). Gross sales represent sales where a fee is charged on the value and/or number of sale transactions. The value and/or number of refund transactions are not included in the calculation. Gross sales exclude any payments taken using a merchant’s personal card. You are not eligible to receive the Bonus Offer if, in the last two years you have held, or you currently hold, any merchant facility with Westpac, St.George, Bank of Melbourne or BankSA. The $100 bonus will be paid to your Westpac business transaction account approximately 60 days after you meet the Eligibility Criteria. If you unsubscribe from receiving marketing offers, you will remain part of this Bonus Offer and payment of the Bonus Offer will only be made into your nominated billing account. Your EFTPOS Air facility must also be operational at the time of payment. This Bonus Offer is limited to only one successful application per customer. The payment represents a pre-paid volume rebate of the first $100 (including GST) of Merchant Service Fees charged to your account. This $100 bonus 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. Westpac has the right to vary or withdraw the Bonus Offer at any time. All Westpac Group offers are subject to eligibility and only available if your account is open and remains in good standing.

 

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.