← Back to all products
Westpac / Transaction & savings
Business One
No Monthly Fee Business Account
Updated 7 Sept 2026Individually tailored product
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 0 to 9999
- Unit of measure
- Dollar
- Minimum value
- $0.00
- Maximum value
- $9,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 10000 to 19999
- Unit of measure
- Dollar
- Minimum value
- $10,000.00
- Maximum value
- $19,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 20000 to 49999
- Unit of measure
- Dollar
- Minimum value
- $20,000.00
- Maximum value
- $49,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 50000 to 99999
- Unit of measure
- Dollar
- Minimum value
- $50,000.00
- Maximum value
- $99,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 100000 to 249999
- Unit of measure
- Dollar
- Minimum value
- $100,000.00
- Maximum value
- $249,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 250000 to 499999
- Unit of measure
- Dollar
- Minimum value
- $250,000.00
- Maximum value
- $499,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 500000+
- Unit of measure
- Dollar
- Minimum value
- $500,000.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Lending rate type
- Penalty
- Rate
- 15.01%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Interest payment due
- In arrears
- Repayment type
- Other
- Loan purpose
- Other
- Applicability conditions
- Rate applicability type
- Other
- Additional info
- Currently not applicable
- Additional value
- 1 month
- Additional info
- The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again.
- Name
- Account Keeping Fee
- Fee type
- Periodic
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Additional value
- 1 month
- Name
- Overseas Withdrawal Fee
- Fee type
- Withdrawal
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $5.00
- Additional info
- 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'
- Name
- Overdrawn Fee
- Fee type
- Event
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $15.00
- Name
- Bank Cheque Fee
- Fee type
- Event
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $10.00
- Name
- Group Telephone Banking
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Online Banking
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Narrated Credits
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Additional info
- Applicable after free monthly transactions are exhausted.
- Name
- Cheques Collected / Deposited
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Additional info
- Applicable after free monthly transactions are exceeded.
- Name
- Foreign Transaction Fee - non-AU merchant
- Fee type
- Transaction
- Fee method utype
- rateBased
- Rate based
- Rate type
- Transaction
- Rate
- 3%
- Additional info
- 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)
- Name
- Foreign Transaction Fee - AU merchant
- Fee type
- Transaction
- Fee method utype
- rateBased
- Rate based
- Rate type
- Transaction
- Rate
- 2.2%
- Additional info
- 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).
- Name
- Staff-Assisted Withdrawal
- Fee type
- Withdrawal
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Name
- Staff-Assisted Deposit
- Fee type
- Deposit
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Name
- Cheques Written
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Name
- Self-Service (Electronic) Withdrawals
- Fee type
- Withdrawal
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Self-Service (Electronic) Deposits
- Fee type
- Deposit
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Periodical Payments
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Feature type
- Cashback offer
- Additional value
- 100.00
- Additional info
- 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.
- Additional info uri
- View bank information ↗
- Feature type
- Card access
- Additional value
- Link your account to a Business Debit Card
- Feature type
- Card access
- Additional value
- Westpac Business Debit Card/Handycard access is available on the account
- Feature type
- Other
- Additional info
- Simplify your business finances - Access Business Money Tools in the Westpac App to track cash flow, manage expenses and stay on top of your business finances.
- Feature type
- Other
- Additional info
- $0 International transfers. Send foreign currency transfers free from Westpac fees, with Online Banking. See FX rates.
- Feature type
- Other
- Additional info
- Take payments on your phone. Take in-person payments into your transaction account with the EFTPOS Air app on your compatible phone or tablet.
- Feature type
- Other
- Additional info
- 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.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- Set your business up for success with up to $10K of value for your business
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- Help make tax time simpler - Link your Business One account to accounting software such as MYOB, Xero and QuickBooks using bank feeds to help keep your financial records up to date.6
- Feature type
- Fraud protection
- Additional info
- 24/7 protection - We monitor transactions 24/7 to identify unusual activities and offer security guarantees to protect you from fraud.
- Feature type
- Other
- Additional info
- Give employees access - Provide employees with full or limited access business debit cards linked to your business bank account.
- Feature type
- Other
- Additional info
- 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.
- Feature type
- Other
- Additional info
- Pay and manage your card on the go. A business debit card linked to your business bank account gives you access to an Instant Digital Card in the Westpac App. Make contactless payments with a digital wallet and manage your card security in the app.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- Add an EFTPOS solution: For fast, reliable payments, choose a standalone machine or a terminal that integrates with your POS system.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- Add a savings account - Earn interest on surplus funds set aside for things such as tax payments, equipment upgrades or unexpected expenses.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- Card Lock will temporarily stop new transactions on your card for up to 15 days or until reactivated. The card will reactivate after 15 days if you do not cancel the card. Cards to which a temporary lock can be applied will be listed when you sign in to Mobile Banking or Online Banking and visit Lock a card temporarily under Cards services.
- Feature type
- Other
- Additional info
- Cardless Cash Withdrawal Feature - Cardless Cash is a convenient and secure way to withdraw cash from Westpac-branded ATMs using the Westpac App.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- eStatements - Stay on top of your finances with less clutter
- Feature type
- Digital banking
- Additional info
- Company or business can pay bills using BPAY.
- Feature type
- Fraud protection
- Additional info
- The product includes FRAUD_PROTECTION features.
- Feature type
- Relationship management
- Additional info
- Subject to terms and conditions relationship management is available for eligible customers.
- Feature type
- Overdraft
- Additional info
- An overdraft / loan facility is available (subject to approval). Customers must be over 18 years of age.
- Feature type
- Other
- Additional info
- No interest is paid on this account.
- Feature type
- Other
- Additional info
- You will get regular statements for this product
- Feature type
- Other
- Additional info
- You can make Periodical Payments from this account
- Feature type
- Other
- Additional info
- Cheque access available for customers above 18 years of age
- Feature type
- Other
- Additional info
- Make and receive secure payments via PayID
- Feature type
- Other
- Additional info
- Account enquiries are always free when you use Online Banking.
- Eligibility type
- Min age
- Additional value
- 18
- Additional info
- Applicant plus all signatories
- Eligibility type
- Residency status
- Additional value
- Operating with an Australian address
- Eligibility type
- Other
- Additional info
- Must not be an individual using the account for predominantly personal purposes
- Eligibility type
- Business
- Additional info
- Sole Trader or a company with one or more directors or a Westpac business customer
No limits & conditions were provided.
No bundles were provided.
From the bank
No application link was provided. Contact the bank to ask about this product.