Latest business offers and featured products all in one place
$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 up to $10,000 of value for your business*
Our $0 monthly fee account holders can now get access to additional partner offers. Get discounts on energy, accounting software, legal services, online security, business support services and electronics.
Discover a new, easier way to take payments
Take fast, secure payments the easy way, with the EFTPOS Air app on your compatible phone or tablet.
4.99% p.a. on balance transfers
Keep calm and consolidate your business debt with 4.99% p.a. on balance transfers to Altitude Business Platinum and Altitude Business Gold cards.
Applicable for the first 12 months when requested at application for new cards. Rate then switches to variable cash advance rate. T&Cs apply1.
New, simpler pricing for EFTPOS machines
Now you can pay a flat 1.2% rate on all EFTPOS, Mastercard, Visa and UnionPay transactions. It’s a cleaner, simpler solution.
T&C’s and EFTPOS machine rental fees apply.
Featured products
Now you can renew your Farm Management Deposit online
We’ve made it quick and easy for you to renew your FMD account. Avoid the need to visit a branch and manage your renewal in minutes in online banking.
Invest your surplus funds in a term deposit and get higher returns
You may be eligible for a bonus rate on top of our standard interest rates. Save yourself a trip to the branch and open or renew your Term Deposit in Online Banking. Terms and Conditions and eligibility criteria apply.
Unsecured Business Overdraft
Apply for up to $250k unsecured finance - meaning you don't have to provide asset security (director's guarantee may be required).
Things you should know
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.
1. Balance transfer promotion: The promotional balance transfer rate is available when you apply and are approved for a new Westpac Altitude Business Platinum Mastercard or Gold Mastercard credit card and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for 12 months from card activation, unless the amount is paid off earlier. The applicable variable cash advance rate will apply to balance(s) transferred but left unpaid at the end of the 12 month promotional period. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the other card account(s). The variable cash advance interest rate applies to balance transfers requested at any other time. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible for this offer. This offer may be withdrawn at any time.