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.
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Get Westpac’s help with the 3 key steps for your business

Opening a $0 monthly fee account

Separate business and personal banking to simplify your accounting with a Westpac Business One transaction account.

Business rego and legal foundations

Our partner, Lawpath, can help you register your ABN and business name, apply for GST, and draft essential legal documents.

Setting up your accounting software

Track income and expenses with accounting software from our partner MYOB, providing financial statements for tax time and more.

Get 12 months of free subscriptions

Open a Westpac Business One everyday bank account (if you don’t have one already) and get 12 months for free on a Lawpath essentials plan and your choice of three MYOB plans. Excludes current Lawpath and/or MYOB customers. T&Cs apply.

Free business rego + legal Essentials

Free ABN registration + 12-months Essentials subscription valued at $518^

Gain access to unlimited legal documents, eSignatures, and streamlined legal workflows. Lawpath can also help you register your ABN, if you're a sole trader.

and

Free accounting software

12-month subscription valued at up to $696^ after you pay the first month

This handy business management platform combines key workflows to fit your business's needs. Choose from the MYOB Pro, Lite or Payroll Only plans.

How do I redeem the free subscription offer?

Business One account

Open a new account if you don't have one already, and for a $0 monthly fee, get:

  • Unlimited free electronic transactions¹
  • $3 per staff-assisted transaction
  • Access via Online Banking and the App
  • Business Debit Mastercard®²
  • Eligible for EFTPOS Air mobile App
  • Optional overdraft facility.3

Open online now if you’re a sole trader or sole director or visit a branch.

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Lawpath business rego + Essentials plan

Free ABN registration + 12 months Essentials subscription valued at $518^

To redeem:

  1. Tap the button
  2. Select I need to register my business or I have already registered my business
  3. Select the offer and enter your Business One account number or card details
  4. Start using Lawpath plan.
Redeem Lawpath offer

MYOB Pro, Lite or Payroll Only plan

12 months free subscription valued at up to $696^ after you pay the first month

To redeem:

  1. Tap the button
  2. Choose your preferred MYOB plan
  3. Pay for the first month using your Business One account number or card details
  4. Then receive 12 bonus months free.
Redeem MYOB offer

What if you hold a Business One Plus Account? 

Business One Plus account holders can access 10 key partner offers. To redeem partner offers:

  1. Open a Business One Plus account (unless you already have one).
  2. Log into Online Banking or the Westpac APP and search for "Business Centre".
  3. Select the offer you want to redeem then choose the account you want to use. You'll be redirected to the offer partner's website for full details.
  4. Follow the instructions on the page using either the debit card or BSB and account number linked to your Business One Plus account, or a Westpac business credit card.

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?

Payment solutions

An essential part of running a business is being able to take payments from your customers. Choose from in person and online payment solutions to accept payments anytime, anywhere.


Business insurance

This is an important part of making sure you reduce your risks. Business insurance can be expensive, but with Insurance Premium Finance, you can spread your yearly premiums over easy to handle monthly instalments.


Vehicles and equipment

Ensuring you have the right equipment to service your business and clients is essential. Get help with vehicle and equipment finance, so you’re not tying up valuable working capital.


Cashflow and capital

Critical to any business, you need to ensure you have the funds to purchase stock, pay for staff and overheads, and have money to invest back into the business for growth. That’s where a business loan or overdraft could come in handy.

$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 29 November 2024. T&Cs apply.*

 

Explore EFTPOS Air

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​.

Help when you need it

Business products and services

Handy business articles

Redeem special offer

Use your Business One BSB and account number or your Business Bank credit card or debit card number to redeem the offer.

Apply online

Don’t have a Business One everyday business account yet?

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Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 853KB)

Business Debit Mastercard® Terms and Conditions (PDF 171KB)


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.

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 Terms and Conditions (PDF 853KB).

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.
 

^ MYOB and Lawpath Offer: Conditions, fees, charges, eligibility criteria and exclusions apply. Standard product terms and conditions also apply. Offer may be withdrawn at any time.
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.
 
* $100 Bonus Offer: Conditions, fees, charges, eligibility criteria and exclusions apply. Standard product terms and conditions also apply. To be eligible for the $100 Bonus Offer (Bonus Offer) you must have an application for a Westpac EFTPOS Air facility approved between 3 June 2024 and 29 November 2024 and have achieved $1,000 gross sales within 30 days of the EFTPOS Air application approval (Eligibility Criteria). Gross sales represent sales where a fee is charged on the value and/or number of sale transactions. The value and/or number of refund transactions are not included in the calculation. Gross sales exclude any payments taken using a merchant’s personal card. You are not eligible to receive the Bonus Offer if, in the last two years you have held, or you currently hold, any merchant facility with Westpac, St.George, Bank of Melbourne or BankSA. The $100 bonus will be paid to your Westpac business transaction account approximately 60 days after you meet the Eligibility Criteria. If you unsubscribe from receiving marketing offers, you will remain part of this Bonus Offer and payment of the Bonus Offer will only be made into your nominated billing account. Your EFTPOS Air facility must also be operational at the time of payment. This Bonus Offer is limited to only one successful application per customer. The payment represents a pre-paid volume rebate of the first $100 (including GST) of Merchant Service Fees charged to your account. This $100 bonus 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. Westpac has the right to vary or withdraw the Bonus Offer at any time. All Westpac Group offers are subject to eligibility and only available if your account is open and remains in good standing.
 
Mastercard® is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.