SET YOUR BUSINESS UP FOR SUCCESS
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 a $100 warm welcome
Open a new $0 monthly fee business transaction account, deposit a minimum of $100 in a single transaction within the first 10 days using the description WELCOME100 and pocket $100 on us. New business customers only. Accounts opened between 03/02/2025 and 31/07/2025. T&Cs apply.#
Set your business up for success with up to $10K of value for your business*
How do I redeem the free subscription offer?
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.
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
Things you should know
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 911KB).
# $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.