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Westpac / Transaction & savings
Business One - Plus
Feature rich everyday business account. Choose this account if you bank online, on mobile, and occasionally in branch.
Updated 7 Sept 2026Individually tailored product
- Deposit rate type
- Variable
- Rate
- 0%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- 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
- $10.00
- 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
- Unlimited txns
- Additional info
- Unlimited free electronic transactions
- Feature type
- Free txns
- Additional value
- 5
- Additional info
- 5 free staff-assisted and cheque transactions per month
- Feature type
- Other
- Additional info
- Eligible account for EFTPOS Air mobile app: Take secure in-person payments with EFTPOS Air 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 simplify your business finances. Use Business Money Tools to take control of your finances. In the Westpac App, the tools can help simplify money management to drive business growth.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- 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.
- Feature type
- Other
- Additional info
- 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.6
- 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
- Instant Digital Card - Your Westpac Instant Digital Card provides a secure, flexible payment solution, available in the Westpac App
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- 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.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- 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
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- 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
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- 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.
- Additional info uri
- View bank information ↗
- Feature type
- Other
- Additional info
- View up to 7 years of eStatements history
- Feature type
- Digital banking
- Additional info
- Company or business can pay bills using BPAY.
- Feature type
- Fraud protection
- Additional info
- 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.
- 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
- Other
- Additional info
- Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
- Eligibility type
- Business
- Additional info
- 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.
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.