Opening Accounts

How do I open a new Westpac Account?

Complete the Account opening form (PDF 1MB) to establish a new account or an additional account for existing customers.

The Certificate of Registration or an equivalent is required when opening an account with the bank if:

The organisation is new to the Bank
An existing customer is opening a new account with a new organisation name.

Complete the Notice of Authority (PDF 82KB) form to provide the Bank with details of the persons authorised to operate your organisation's accounts. This form only needs to be completed once if the signatories and operations are the same across all accounts held by the organisation.

If any of your accounts have different operations or signatories, a "Notice of Authority for a specific account" must be completed for those accounts.

For any account opening and authorities change applications submitted from 24 January 2020, all account signatories will be required to present at least one form of photo ID containing their full name, and date of birth (such as a drivers licence, passport) to an authorised Westpac representative or by visiting a local Westpac Branch to be identified. A secondary form of identification may be required in some instances.

Alternatively please submit a certified copy of your identification documents to your Westpac Client Service Representative.

Annexure 'A' to Notice of Authority (PDF 669KB)

If there is insufficient space in the Notice of Authority form for the details of every person authorised to operate your accounts, please tick "Yes" at the end of the "Details of Persons Authorised" section and use the Annexure "A" form.

Notice of Authority for a specific account (PDF 87KB)

Complete if your organisation nominates different signatories or operations to a "specific" account as distinct from your other existing accounts.

Annexure 'A' to Notice of Authority for a specific account (PDF 669KB)

Complete if your organisation needs to add new account signatories to its existing accounts.

Annexure 'A' to Notice of Authority for addition to persons authorised (PDF 700KB)

Terms and Conditions:

Corporate Cash Accounts Terms & Conditions (PDF 479KB)

Customer Identification

Under the Anti Money Laundering / Counter Terrorism Financing Act Westpac Group is required to collect and verify Customer Identification information, for any new customers on-boarded. To commence KYC onboarding please contact your Westpac Client Service Representative who will initiate the process with our Customer Lifecycle Management (CLM) Team.

AML/CTF - Westpac Group policy

Guidance Document for Customers

The documents below have been prepared for customers to provide guidance on the process for certifying identification documents in Australia

Guidance on Certifying Identification Documents for Australian registered/resident customers (PDF 90KB)

How do I establish an Electronic Instruction Indemnity (formerly known as facsimile/email indemnity)?

Complete the Electronic Instruction Indemnity (PDF 628KB) if your organisation intends sending instructions through electronic communication (such as email, facsimile, telephone, or other computerized/online systems) and your organisation wishes to accept advices and other electronic communications transmitted by the Bank, in relation to any accounts, facilities or other arrangements which you may now or in the future have with the Bank.

How do I open foreign currency accounts?

A Foreign Currency Account is an Australian based deposit account for foreign currency. They are available for most major currencies.

The Account Opening form and Notice of Authority must be completed to establish a Foreign Currency Account.

Foreign currency account opening form (PDF 115KB)

Notice of Authority (PDF 82KB)

Foreign Currency Account - Terms & Conditions (PDF 431KB)

Incorporates the Terms and Conditions of accounts.

Foreign Currency Term Deposits
Foreign Currency Term Deposit PDS (PDF 103KB)

Foreign Currency Term Deposit Application (PDF 158KB)

New Zealand currency accounts

The following documentation should be completed when establishing a New Zealand Dollar account in New Zealand.

Forms
Complete the New Zealand account opening form (PDF 45KB) to establish a new account or an additional account for existing customers.

The Certificate of Registration or an equivalent is required when opening an account with the bank if:

The organisation is new to the Bank
An existing customer is opening a new account with a new organisation name.

Schedule for extra authorised people (PDF 34KB)

Complete to establish additional authorised signatories to the account.

General Terms and Conditions