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Westpac Business One – Low Plan Account

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

SPECIAL LIMITED TIME OFFER: $0 Monthly Plan Fee for 12 months!
Pay $0 Monthly Plan Fee for 12 months when you open a new Westpac Business One Low Plan account online before 30 September 2022. The Monthly Plan Fee is normally $10, so you could save up to $120 with this offer. T&Cs apply and are available on Westpac's site.
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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
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsN/A

Review by

Alison Banney is the banking and superannuation editor at Finder. She has written about finance for more than 8 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 an international transaction fee of 3% of the transaction value 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.

Special offer: $0 monthly account fee for 12 months - save $120!

Pay no monthly plan fee (normally $10/month) for the first 12 months when you open a Westpac Business One Low Plan account online before 30 September 2022. This offer is for new account holders only.

Key features

Fee free electronic transactions

Westpac Business One - Low Plan account holders can make unlimited electronic transactions. 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 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 must be at least 18 years old.
  • Residency requirement. You must have an Australian residence address. Your business should be registered in Australia.

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