BUSINESS TRANSACTION ACCOUNT

# $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The Offer is available from 3rd February 2025 until 31 July 2025 (Offer Period), however, the Offer may be withdrawn or varied at any time without notice or for any reason.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. 

^ 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.

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 805KB).

2. Read the Westpac Online Banking Terms and Conditions (PDF 620KB) 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.

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.

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PayID® and PayTo® are registered trademark of NPP Australia Limited.