---
title: "Business One  — Westpac"
description: "Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/TrBusOne
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-31T02:10:19Z
---

# Business One  — Westpac

> Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

No Monthly Fee Business Account

## At a glance

- **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 to 9999 | monthly |
| Variable (Currently not applicable) | 0% | 10000 to 19999 | monthly |
| Variable (Currently not applicable) | 0% | 20000 to 49999 | monthly |
| Variable (Currently not applicable) | 0% | 50000 to 99999 | monthly |
| Variable (Currently not applicable) | 0% | 100000 to 249999 | monthly |
| Variable (Currently not applicable) | 0% | 250000 to 499999 | monthly |
| Variable (Currently not applicable) | 0% | 500000+ | 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 — Applicable after free monthly transactions are exceeded. | Transaction | $3.00 |
| Foreign Transaction Fee - non-AU merchant — 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) | Transaction | 3% of transaction |
| Foreign Transaction Fee - AU merchant — 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). | Transaction | 2.2% of transaction |
| Staff-Assisted Withdrawal | Withdrawal | $3.00 |
| Staff-Assisted Deposit | Deposit | $3.00 |
| Cheques Written | Transaction | $3.00 |
| Self-Service (Electronic) Withdrawals | Withdrawal | $0.00 |
| Self-Service (Electronic) Deposits | Deposit | $0.00 |
| Periodical Payments | Transaction | $0.00 |

## 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
- **Take payments on your phone. Take in-person payments into your transaction account with the EFTPOS Air app on your compatible phone or tablet.**
- **Set your business up for success with up to $10K of value for your business**
- **Help make tax time simpler. Connect to accounting software like MYOB, Xero, Quickbooks, and more with bank feeds.**
- **24/7 protection - We monitor transactions 24/7 to identify unusual activities and offer security guarantees to protect you from fraud.4**
- **Instant Digital Card - Your Westpac Instant Digital Card provides a secure, flexible payment solution, available in the Westpac App**
- **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.**
- **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**
- **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**
- **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.**
- **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** (Company or business can pay bills using BPAY.)
- **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.**
- **eStatements - Stay on top of your finances with less clutter**
- **Fraud protection** (The product includes FRAUD_PROTECTION features.)
- **Relationship management** (Subject to terms and conditions relationship management is available for eligible customers.)
- **No interest is paid on this account.**
- **You will get regular statements for this product**
- **You can make Periodical Payments from this account**
- **Cheque access available for customers above 18 years of age**
- **Make and receive secure payments via PayID**
- **Account enquiries are always free when you use Online Banking.**
- **Overdraft available** (An overdraft / loan facility is available (subject to approval). Customers must be over 18 years of age.)
- **Cardless Cash Withdrawal Feature - Cardless Cash is a convenient and secure way to withdraw cash from Westpac-branded ATMs using the Westpac App.**
- **Add an EFTPOS solution: For fast, reliable payments, choose a standalone machine or a terminal that integrates with your POS system.**
- **WIN GRAND FINAL BOX SEATS FOR YOU AND 3 MATES - Open a Business One or Business One Plus account & make 10 transactions of $20 or more to go in the draw. Multiple entries are allowed, subject to terms and conditions.**

## Eligibility

- **Minimum age** — 18 years (Applicant plus all signatories)
- **Residency status** — Operating with an Australian address
- **Must not be an individual using the account for predominantly personal purposes**
- **Business customers** (Sole Trader or a company with one or more directors or a Westpac business customer)

## More information from Westpac

- [Overview](https://www.westpac.com.au/business-banking/transaction-accounts/business-one/)
- [Terms & conditions](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/deposit-accts-bus-customers-tandc.pdf)
- [Eligibility](https://www.westpac.com.au/business-banking/transaction-accounts/business-one/)
- [Fees & pricing](https://www.westpac.com.au/business-banking/transaction-accounts/business-one/)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `TrBusOne`
- Last updated by the provider: 31 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/TrBusOne
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/TrBusOne) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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