SET YOUR BUSINESS UP FOR SUCCESS
Starting a new business? Get Westpac on your side for handy tips, special deals, and practical solutions to confidently begin your journey.
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.#
Get Westpac’s help with the 3 key steps for your business
Get even more business setup help with partner offers
Business rego and legal support
12 months free
Business rego + Essentials plan
(Plus 20% off in years 2 & 3 worth up to $1,307)*
Our partner, Lawpath, can help you register your ABN and business name, apply for GST, and draft essential legal documents.
To redeem:
- Tap the button below
- Choose your preferred plan
- Load your Westpac Business Card or Account
Setting up your accounting software
12 months free
MYOB Pro, Lite or Payroll Only plan
(Plus 20% off in years 2 & 3 worth up to $793)*
Track income and expenses with accounting software from our partner MYOB, providing financial statements for tax time and more.
To redeem:
- Tap the button below
- Choose your preferred plan
- Load your Westpac Business Card or Account
Get connected with your customers
Get 25% off
Discount available for Optus Business Mobile and Data Plans
(Save up to $801)*
Optus is committed to helping Australian businesses have the confidence to take bold steps more often.
To redeem:
- Tap the button below
- Choose your preferred plan
- Load your Westpac Business Card or Account
More partner offers are now available on Business One
Our $0 monthly fee account holders can now get access to additional partner offers. Get discounts on energy, accounting software, legal services, online security, business support services and electronics.
What do you need to open a business account as a sole trader or company?
When opening a business account with Westpac, sole traders can open their account in their own name without an ABN, while a company will need to open an account in their business name and provide an ABN.
What else can Westpac help me with?
Loans for startups8
Business loan for startups could help get your dreams off the ground. You only need a business plan and forecast when you apply.
Payment solutions
Help your business grow by accepting in-person or online payments. Discover our range of EFTPOS terminals and eCommerce solutions.
Vehicle & Equipment Finance
Finance options to get business vehicles and equipment without tying up valuable working capital.
Cashflow solutions
Keep your finances flowing smoothly with our range of Cashflow Solutions or book a Cashflow Health check with a local expert.
Frequently asked questions
To be eligible for 12 months free subscription on a Lawpath Essentials plan and a MYOB Pro, Lite or Payroll Only plan:
- You must be a sole trader or a sole director of a company with an ACN
- Your business must have a Business One transaction account
- For the Lawpath offer, you must not be an existing Lawpath customer
- For the MYOB offer, you must not be an existing MYOB customer, and you must pay the first month's subscription
- Use your Business One BSB and account number or your Westpac debit or credit card number to redeem the Lawpath offer and/or MYOB offer.
Lawpath and MYOB will each send you an email confirming the offer after you have completed the redemption process.
You’ll need your Business One BSB and account number or your Business Bank credit card or debit card number to redeem the Lawpath offer and/or MYOB offer.
If you’re setting up a company, you’ll need first to make sure that on top of registering your business name and ABN, you also register for an ACN. You’ll need to do this to be able to open a business bank account for the company.
Help when you need it
Business products and services
Things you should know
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.
Find out what information you need to provide to become a Westpac customer.
2. 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 Terms and Conditions (PDF 819KB).
3. Westpac transfer fees still apply for funds sent in Australian dollars. Receiving bank fees may also apply, check the currency converter for indicative rates and fees.
4. Compatibility: To use EFTPOS Air your iPhone or Android device will need to be Near Field Communication (NFC) enabled and running on one of the supported iPhone Operating System (iOS) or Android Operating Systems (OS), listed at https://help.eftposair.westpac.com.au/compatibility/, which may change from time to time. Tap to Pay on iPhone requires iPhone XS or later running iOS 16.4 or later and a supported payment app. Some contactless cards may not be accepted by your payment app.
5. Mobile coverage: Internet connection is required to take payments.
6. 1.4% flat rate pricing: Applies to eftpos, Mastercard and Visa payments by card or digital wallet
7. Business Transaction accounts: Before making a decision about any of our Business Transaction Accounts, please read the terms and conditions available at westpac.com.au/transaction-accounts. 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 Terms and Conditions (PDF 819KB).
8. Eligibility, credit criteria, fees, charges, terms and conditions apply. Contact us for more details.
9. Guarantees may be required.
10. Other fees and charges may apply.
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 31st January 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 or where the customer or primary account holder is a Trust 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.Partner value is based upon each partner's highest subscription or annual price for the entire offer period, excluding Samsung and Uber. Samsung involves an initial $4,000 and a $1,000 subsequent purchase while for Uber, value has been calculated based on an average annual spend of $67,946 from active organisations with 200-250 employees. The prices for the partner offer prices include GST with the exception of Zii. Refer to the partner websites for more information.
Partner offer values are shown in AUD. Non-AUD values have been converted to AUD using an indicative exchange rate as at 11/03/2025. The exchange rates are subject to market movements and therefore change continuously.
Each offer is subject to the partner’s individual terms and conditions, which are specified on the partner’s website. The offers can be accessed via Online Banking, which is owned by Westpac. When you click the link to access each partner offer, you will be taken to a partner's website, which is a third-party site not owned by Westpac. Westpac is not a party to any offers or contracts which you enter into with the partners. Any services or accounts you set up with a partner as part of receiving an offer is not a Westpac account.
Any queries or issues with the fulfilment or maintenance of any partner offers should be addressed directly with the relevant partners.
Partner offers may be varied or withdrawn at any time in accordance with the partner’s Terms and Conditions and may not be available in conjunction with any other offer or promotion.
The exclusive collection of partner offers is available to Westpac Business One and Business One Plus customers only. To be eligible for the partner offers you need to hold a Westpac Business One account or a Business One Plus account and or be an authorised Administrator of a Business Network that holds a Westpac Business One or a Business One Plus account and use your Westpac Business debit or credit card or BSB and account number as the payment option for the partner offer.
Eligibility to the exclusive collection of partner offers is available at an account level. If you have more than one Business One or Business One Plus account, you will be eligible for the exclusive collection of partner offers on each account. However, all offers are subject to the partners terms and conditions which may include specific eligibility criteria. Please refer to the partner’s website for details.
If you close or no longer hold the Business One or Business One Plus account, you will no longer be eligible for the exclusive collection of partner offers and any existing partner offers connected to that account may be terminated by the partner and you may start incurring fees per the partner’s terms and conditions.
The exclusive collection of partner offers may be varied or withdrawn at any time in accordance with the partner’s terms and conditions and may not be available in conjunction with any other promotions.
Access to the exclusive collection of partner offers is provided via Westpac Online Banking on each Business One account or Business One Plus account. All account holders and authorised Administrators of a Business Network that holds a Business One or Business One Plus account will have access to the offers. If you are not already registered for online banking, you will need to register to get access to the offers.
This information provided is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your individual circumstances and, if necessary, seek appropriate professional advice. 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.
Westpac is not responsible for the accuracy or completeness of claims made in relation to the services or goods provided by the partners providing these offers. To the extent the law allows, Westpac does not accept responsibility for losses suffered as a result of your acceptance of partner offers.
You are able to view the exclusive collection of partner offers as you have opted in to receive offers from Westpac partners. If you no longer wish to see offers from our partners, you can update your notification and marketing settings under your Personal Profile in Online Banking or for Business Network customers this can be changed by contacting a banker or calling us on 132 142.
Westpac does not give or receive commissions to or from any person in connection with the partner offers.