![Image of two start up business owners who have bank accounts.](/content/dam/public/wbc/images/business/transaction-accounts/wbc-w_b_transaction-accounts_business-one-plus_900x342.jpg)
Feature rich everyday business account
Access up to $10,000 of value for your business*
![](/content/dam/public/wbc/images/business/bank-accounts/wbc-pb_partner-offers_340x303.png)
- Get discounts on energy, accounting software, legal services, online security, business support services and electronics
- Sign into Online Banking or the Westpac App and access Business Centre on your dashboard to view or redeem exclusive offers. T&Cs apply.
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.
Earn up to 2.05% p.a. on your business savings^
Bonus rate on your business savings
For balances up to $30,000, you'll receive a bonus rate on your Business Cash Reserve savings account – earning up to 2.05% p.a. – for the first 12 months
Accounts opened from 17th June 2024.
Eligibility criteria and T&Cs apply.
Feature rich business transaction account
Make your accounts work harder for your business with a new Business One Plus transaction account for exclusive offers that add value to your growing business.
Open online now if you’re a sole trader or sole director. If neither, visit a branch.
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
Take the reins on payments
PayTo® is a new payment option that gives you visibility and control over payments from your bank account through Online Banking.
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
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
Bank whenever it suits you
Manage your banking, pay bills, and monitor your finances 24/7 in Online Banking and the Westpac App; or drop into a branch during opening hours.
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.
$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 30 September 2024.
T&Cs apply.# Explore EFTPOS Air
Tips for starting and growing
Things you should know
Deposit Accounts for Business Customers Terms and Conditions (PDF 556KB)
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.
^ Account opening criteria applies.
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 556KB)
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 555KB) 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.
^ Business Cash Reserve (“BCR”) Bonus Rate:
To be eligible for the Bonus Rate, you must meet the following criteria:
- Open a new Business One Plus (“BoP”) and a new BCR
- If you already hold either of those accounts you only need to open the other to become eligible
- You are not eligible if you have held or already hold both a BCR and a BOP account
- If you hold multiple BCR accounts, only the earliest opened account is eligible
- Closure of the eligible BCR and/or the BOP account will result in the customer no longer being eligible for this Offer
- The Bonus Rate is valid for 12 months from the time that you meet the eligibility criteria.
- This Offer is available from 17/06/2024 for a limited time only
- Not available in conjunction with any other Offer unless we determine otherwise
- We reserve the right to withdraw, amend or extend this Offer at any time without any prior notice
- This Offer is not available to joint account holders and is limited to one offer per customer.
Mastercard® is a registered trademark of Mastercard International Incorporated.
PayTo is a registered trademark of NPP Australia Limited.