---
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: 2026-10-14T02:34:19Z
---

# 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 ($100 Welcome Offer: 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. New business customers only. T&Cs apply.)
- **Card access** — Link your account to a Business Debit Card
- **Card access** — Westpac Business Debit Card/Handycard access is available on the account
- **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.**
- **$0 International transfers. Send foreign currency transfers free from Westpac fees, with Online Banking. See FX rates.**
- **Take payments on your phone. Take in-person payments into your transaction account with the EFTPOS Air app on your compatible phone or tablet.**
- **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.**
- **Set your business up for success with up to $10K of value for your business**
- **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**
- **Fraud protection** (24/7 protection - We monitor transactions 24/7 to identify unusual activities and offer security guarantees to protect you from fraud.)
- **Give employees access - Provide employees with full or limited access business debit cards linked to your business bank account.**
- **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.**
- **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.**
- **Add an EFTPOS solution: For fast, reliable payments, choose a standalone machine or a terminal that integrates with your POS system.**
- **Add a savings account - Earn interest on surplus funds set aside for things such as tax payments, equipment upgrades or unexpected expenses.**
- **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.**
- **Cardless Cash Withdrawal Feature - Cardless Cash is a convenient and secure way to withdraw cash from Westpac-branded ATMs using the Westpac App.**
- **eStatements - Stay on top of your finances with less clutter**
- **Digital banking** (Company or business can pay bills using BPAY.)
- **Fraud protection** (The product includes FRAUD_PROTECTION features.)
- **Relationship management** (Subject to terms and conditions relationship management is available for eligible customers.)
- **Overdraft available** (An overdraft / loan facility is available (subject to approval). Customers must be over 18 years of age.)
- **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.**

## 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: 14 October 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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