Business One

 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.

• Cashback Offer Additional Information: DOUBLE YOUR $100 FOR YOUR BUSINESS - Deposit $100 into a new Business One account and we?ll match it. T&Cs, eligibility criteria apply

• Other Additional Information: More partner offers are now available on Business One: 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.

• Other Additional Information: $0 International transfers. Send foreign currency transfers free from Westpac fees, with Online Banking. See FX rates.

• Card Access

• Card Access

• Other Additional Information: Take payments on your phone. Take in-person payments into your transaction account with the EFTPOS Air app 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: Help make tax time simpler. Connect to accounting software like MYOB, Xero, Quickbooks, and more with bank feeds.

• Other Additional Information: 24/7 protection - We monitor transactions 24/7 to identify unusual activities and offer security guarantees to protect you from fraud.4

• 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: eStatements - Stay on top of your finances with less clutter

• 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 statements 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.

• Other Additional Information: Cardless Cash Withdrawal Feature - Cardless Cash is a convenient and secure way to withdraw cash from Westpac-branded ATMs using the Westpac App.

 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

• Business Additional Information: Sole Trader or a company with one or more directors or a Westpac business customer

 Bank Fees and Charges

• Monthly Plan Fee (Periodic), Amount: 0.00.

• 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: Cheques collected or deposited (Additional charge for the branch transaction may apply)

• 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.

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

• Staff-assisted Deposit (Deposit), Amount: 3.00.

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

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

• Self-service (electronic) Deposits (Deposit), 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)