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Business bank account
Take control of your business
Use an everyday business bank account to manage your income and outgoings. Easily switch between your business and personal banking in the Westpac App.
Help setup your business for success
$100 Welcome Offer
Open a new business transaction account, deposit a minimum of $100 in a single transaction within the first 10 days using the description WELCOME100 and pocket a $100 on us.
New business customers only. Accounts opened between 03/02/2025 and 31/07/2025. T&Cs apply.#
Access 12 months of free subscriptions
Get 12 months free on a Lawpath Essentials plan + free ABN registration (valued at $518^) and a MYOB plan (valued at up to $696^ after you pay the first month) with a $0 monthly fee Westpac Business One transaction account. T&Cs apply.^
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.
Accounts for not-for-profits
Manage your non-profit finances with no transaction or monthly fees.
Specialist bank accounts
Accounts to hold and manage foreign currencies and funds held on behalf of clients.
FAQs about business bank accounts
Help and resources for your business
Get handy tips for starting, running, and growing your business.
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Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 805KB)
Business Debit Mastercard® Terms and Conditions (PDF 171KB)
Important information for Westpac business account customers - 19 December 2018 (PDF 29KB)
Foreign Currency Account Terms & Conditions (PDF 431KB)
International Products and Services Standard Fees (PDF 156KB)
Online Banking Terms and Conditions (PDF 620KB)
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.
Select the 'Find out more' buttons to check your eligibility for any of our transaction accounts.
Find out what information you need to provide to become a Westpac customer.
* Value has been calculated using the highest subscription offered for 12 months.
# $100 Welcome Offer (Welcome Offer or Offer): This Offer is available to selected customers only and is subject to eligibility requirements.
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 [31 July 2025] (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.The offers are made by MYOB and Lawpath and not Westpac. Westpac does not endorse or make recommendations about the services or goods provided by each MYOB and Lawpath. The MYOB and Lawpathoffers are not a Westpac product or service, or a feature of a Westpac product or service. Each offer is subject to MYOB and Lawpath'sindividual terms and conditions. Westpac is not a party to these offers or contracts which you enter into with MYOB or Lawpath.
Any queries or issues with the fulfilment or maintenance of the offers should be addressed directly with MYOB or Lawpath. If you close or no longer hold the Business One account, you will no longer be eligible for the MYOB and Lawpath offers and any existing offers connected to that account may be terminated by MYOB and Lawpath and you may start incurring fees per MYOB and Lawpath'sterms and conditions.Westpac is not responsible for the accuracy or completeness of claims made in relation to the services or goods provided by MYOB and Lawpath. To the extent the law allows, Westpac does not accept responsibility for losses suffered as a result of your acceptance of these offers. Westpac does not give or receive commissions to or from any person in connection with these offers.
Westpac Community Solutions Cheque Account is available for not-for-profit organisations including companies operating on a non profit or charitable basis. Westpac reserves the right, with at least 30 days written notice, to change the account to a Business One Plus if it considers that the account is being used for profit-making purposes.
A Foreign Currency Account should not be used to speculate on foreign currencies or to conduct frequent trading of foreign currencies. A Foreign Currency Account is not an account to assist with travel needs. It cannot be linked to a Travel Money card and you cannot access your Foreign Currency Account through an ATM, either within Australia or overseas. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. Deposits held in Foreign Currency Accounts are not covered by the Australian Government’s Financial Claims Scheme.
Mastercard® is a registered trademark and the circles design is a 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.