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Westpac Business One – Low Plan Account

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An everyday transaction account for your business that offers unlimited electronic transactions and a linked Business Debit Mastercard.

This account charges a flat monthly fee and offers unlimited free electronic transactions, plus 25 free staff-assisted and cheque transactions every month. You can also link your account to your accounting software including MYOB, XERO and Quickbooks to manage your business finances all in the one place.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameWestpac Business One Account - Low Plan
Monthly account fee$10
Card accessMastercard
ATM Withdrawal Fee$0
Internatonal ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account feeN/A

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

This everyday business transaction account allows you to make unlimited electronic transactions and 25 free staff-assisted transactions (for example deposits in branch) each month. In exchange, you’ll be charged a monthly account fee of $10. The 25 included staff-assisted transactions should be more than enough for most businesses, however if you do a lot more banking in branch the Westpac Business One High Plan Account offers 60 free staff-assisted transactions per month for a $20 monthly account fee.

Westpac has one of the largest ATM networks globally, as it’s part of the Global ATM Alliance. This means you can make free withdrawals at more that 50,000 international ATMs, which could save you lots of money in ATM fees if you travel regularly for work and often use cash. Although, there is a 3% international transaction fee applied to overseas card transactions. While we are starting to see more bank accounts drop this fee, it is still fairly standard across the board.

This account can help you manage your business finances by linking it to your accounting software including MYOB, XERO and Quickbooks, and the Biz Invoice platform which helps you create and manage your business invoices.

Key features

Unlimited electronic transactions

Westpac Business One - Low Plan account holders can make unlimited electronic transactions for free. This includes BPAY transactions and electronic transfers to other Westpac or non Westpac accounts.

Up to 25 free staff-assisted transactions per month

You're entitled to 25 staff-assisted transactions and cheque transactions each month free of charge. This includes staff-assisted deposits and withdrawals and cheques written, collected or deposited. After the 25 transactions have been used, a transaction fee for each staff-assisted transaction will apply.

How to apply


You can apply for the Business One - Low Plan Account online. To apply, you have to meet some basic eligibility criteria:

  • Minimum age. You should be at least 18 years old.
  • Residency requirement. You should have an Australian residence address. Your business should be registered in Australia.

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