Business One
No Monthly Fee Business Account
- Base rate
- 0%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty 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. · Currently not applicable | 15.01% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Currently not applicable | 0% | $0–$9,999 | monthly |
| Variable Currently not applicable | 0% | $10,000–$19,999 | monthly |
| Variable Currently not applicable | 0% | $20,000–$49,999 | monthly |
| Variable Currently not applicable | 0% | $50,000–$99,999 | monthly |
| Variable Currently not applicable | 0% | $100,000–$249,999 | monthly |
| Variable Currently not applicable | 0% | $250,000–$499,999 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Overseas Withdrawal Fee 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' | Withdrawal | $5.00 |
| Overdrawn Fee | Event | $15.00 |
| Bank Cheque Fee | Event | $10.00 |
| Group Telephone Banking | Transaction | $0.00 |
| Online Banking | Transaction | $0.00 |
| Narrated Credits Applicable after free monthly transactions are exhausted. | Transaction | $3.00 |
| Cheques Collected / Deposited |
Features
- Cashback offer — 100.00
- 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 — 100.00
- DOUBLE YOUR $100 FOR YOUR BUSINESS - Deposit $100 into a new Business One account and we?ll match it. T&Cs, eligibility criteria apply
- 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.
- $0 International transfers. Send foreign currency transfers free from Westpac fees, with Online Banking. See FX rates.
- Card access — Link your account to a Business Debit Card
- Card access — Westpac Business Debit Card/Handycard access is available on the account
Eligibility
- Minimum age — 18 yearsApplicant plus all signatories
- Residency status — Operating with an Australian address
- Must not be an individual using the account for predominantly personal purposes
- Business customersSole Trader or a company with one or more directors or a Westpac business customer
More Information
Published by Westpac under the Consumer Data Right · Last updated 8 July 2026 · Product ID TrBusOne · View on CDR.gov.au