How do I open a new Westpac Account?

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.

Please use the forms in the following table to establish a new account or an additional account for existing customers.

Please Note: A Foreign Currency Account is domiciled in Australia and available in most major currencies. Refer to Business Foreign currency accounts for information on available currencies.

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 1MB)

Notice of Authority (PDF 746KB)

Foreign Currency Account - Terms & Conditions (PDF 365KB)

Incorporates the Terms and Conditions of accounts.

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

Incorporates the Terms and Conditions of accounts.