Business One - Plus

 General Lending Rates

 Product Features

• Cashback Offer Additional Information: 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. T&Cs apply.

• Unlimited Txns Additional Information: Unlimited free electronic transactions

• Free Txns Additional Information: 5 free staff-assisted and cheque transactions per month

• Other Additional Information: Easily switch between profiles - See all your banking in one place in Online Banking and the Westpac App. Manage your personal and business accounts side by side with a single sign in.

• Card Access

• Card Access

• Other Additional Information: Eligible account for EFTPOS Air mobile app: Take secure in-person payments with EFTPOS Air on your compatible phone or tablet.

• Other Additional Information: Set your business up for success with up to $10K of value for your business

• Other Additional Information: 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.

• Other Additional Information: 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 Online Banking Terms and Conditions.

• Other Additional Information: Instant Digital Card - Your Westpac Instant Digital Card provides a secure, flexible payment solution, available in the Westpac App

• Other Additional Information: Make purchases with your mobile device. Link your card to Apple Pay, Google Pay TM or Samsung Pay TM to make fast contactless payments with your smartphone or wearable.

• Other Additional Information: 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

• Other Additional Information: Cancel direct debit. We can notify a company of your request to cancel a direct debit or temporarily stop the company from debiting any funds from your account for 3 years

• Other Additional Information: Report mistaken payments. You can report selected payments in the Westpac App where you have made a mistake such as inputting an incorrect BSB or account number when making a payment.

• Other Additional Information: Unlock the Free Legal and Accounting Support offer with our partner Lawpath. Enjoy two free consultations, unlimited live chat with real advisors, free access to monthly workshops, and a 20% discount on additional legal and accounting services. Offer available to new and existing Business One and Business One Plus customers only.

• Digital Banking Additional Information: Company or business can pay bills using BPAY.

• Other Additional Information: With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.

• Other Additional Information: View up to 7 years of eStatements history

• Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.

• Relationship Management Additional Information: Subject to terms and conditions relationship management is available for eligible customers.

• Other Additional Information: No interest is paid on this account.

• Other Additional Information: You will get regular statement for this product

• Other Additional Information: You can make Periodical Payments from this account

• Other Additional Information: Cheque access available for customers above 18 years of age

• Other Additional Information: Make and receive secure payments via PayID

• Other Additional Information: Account enquiries are always free when you use Online Banking.

• Overdraft Additional Information: An overdraft / loan facility is available (subject to approval). Customers must be over 18 years of age.

 Product Eligibility

• Min Age - 18. Additional Information: Applicant plus all signatories

• Residency Status - Operating With An Australian Address.

• Other Additional Information: Must not be an individual using the account for predominantly personal purposes

• Other Additional Information: Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations

• Business Additional Information: Open an account online if you?re: A sole trader or a company with one or more directors and based in Australia, or already a Westpac business customer.

 Bank Fees and Charges

• Monthly Plan Fee (Periodic), Amount: 10.00.

• Overseas Withdrawal Fee (Withdrawal), Amount: 5.00. Additional Information: Overseas Withdrawal fee from ATMs belonging to institutions in the Global ATM Alliance (An overseas bank surcharge may also apply). Nil for cash withdrawals from Global ATM Alliance and Westpac Group partner ATMs. To find an overseas ATM visit westpac.com.au and search 'Global ATM Alliance'

• Overdrawn Fee (Event), Amount: 15.00.

• Bank Cheque Fee (Event), Amount: 10.00.

• Group Telephone Banking (Transaction), Amount: 0.00.

• Narrated Credits (Transaction), Amount: 3.00. Additional Information: Applicable after free monthly transactions are exhausted.

• Foreign Transaction Fee - Non-au Merchant (Transaction), Amount: Not Listed.. Additional Information: 3% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located outside Australia (comprising of 2% Westpac Processing Fee plus 1% Westpac On-Charged Scheme Fee)

• Cheques Collected / Deposited (Transaction), Amount: 3.00. Additional Information: Applicable after free monthly transactions are exceeded.

• Foreign Transaction Fee - Au Merchant (Transaction), Amount: Not Listed.. Additional Information: 2.2% of the $AUD transaction amount where a transaction is made in foreign currency and the merchant or financial institution accepting the card is located in Australia (comprising of 2% Westpac Processing Fee plus 0.2% Westpac On-Charged Scheme Fee).

• Account Enquiries: Atm (Event), Amount: 0.00. Additional Information: Non-Westpac/St. George/Bank of Melbourne/BankSA branded ATMs within Australia (cash withdrawals or balance enquiries). An ATM operator fee (disclosed at the time of the transaction) may be applied by the ATM owner

• Staff-assisted Withdrawal (Withdrawal), Amount: 3.00. Additional Information: Applicable after free monthly transactions are exceeded.

• Account Enquiries: Online (Event), Amount: 0.00.

• Self-service (electronic) Deposits (Deposit), Amount: 0.00.

• Cheques Written (Transaction), Amount: 3.00. Additional Information: Applicable after free monthly transactions are exceeded.

• Staff-assisted Deposit (Deposit), Amount: 3.00. Additional Information: Applicable after free monthly transactions are exceeded.

• Self-service (electronic) Withdrawals (Withdrawal), Amount: 0.00.

• Periodical Payments (Transaction), Amount: 0.00.

• Pay Anyone (Transaction), Amount: 0.00. Additional Information: Applicable for transfers to another Westpac branded account or to any other account.

 Document Downloads

  deposit-accts-bus-customers-tandc.pdf (869 K)