---
title: "Business One - Plus — 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/TrBusOnePlus
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-23T02:10:06Z
---

# Business One - Plus — 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**

Feature rich everyday business account. Choose this account if you bank online, on mobile, and occasionally in branch.

## 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% | — | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Account Keeping Fee — Charged monthly | Ongoing | $10.00 |
| 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.)
- **Unlimited transactions** (Unlimited free electronic transactions)
- **Free transactions** — 5 (5 free staff-assisted and cheque transactions per month)
- **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.**
- **Card access** — Link your account to a Business Debit Card
- **Card access** — Westpac Business Debit Card/Handycard access is available on the account
- **Eligible account for EFTPOS Air mobile app: Take secure in-person payments with EFTPOS Air on your compatible phone or tablet.**
- **Set your business up for success with up to $10K of value for your business**
- **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.**
- **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.**
- **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.**
- **View up to 7 years of eStatements history**
- **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 statement 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.)
- **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**
- **Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations**
- **Business customers** (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.)

## More information from Westpac

- [Overview](https://www.westpac.com.au/business-banking/transaction-accounts/business-one-plus/)
- [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-plus/)
- [Fees & pricing](https://www.westpac.com.au/business-banking/transaction-accounts/business-one-plus/)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `TrBusOnePlus`
- Last updated by the provider: 23 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/TrBusOnePlus
- 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/TrBusOnePlus) — 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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