Business Transact Account

The Business Transact account is our most popular transaction account for businesses, with flexible options that will save you time and money. 

Key Benefits

1. Choose the fee structure that saves you more

Either: a simple flat monthly fee for your transactions; or 'pay as you go' for each transaction (each month, we’ll waive the fees for 15 monthly transactions with the highest fees).

• No fees on unlimited withdrawals from Westpac ATMs*, and unlimited EFTPOS debit transactions
• Low fees on electronic transactions

2. Add on an overdraft

Help with cash flow or unexpected expenses (subject to lending criteria).

3. Bank when you want, where you want, how you want

• Worldwide, anytime account access with Business Online banking or Westpac One
• 24/7 account access via EFTPOS and ATMs
• Optional Debit MasterCard®** to access your money anywhere MasterCard is accepted
• Personalised cheque book

4. Select faster, cheaper payment options

• Set up automatic payments, direct credits and debits
• Make single or multiple payments online
• Collect payments via direct debits and EFTPOS/credit card facilities

And of course you can also pay bills by cheque.

Sole Traders: open a Business Transact Account in Westpac One

If you’re a Sole Trader, registered for Westpac One, and have at least one business account with Westpac,
you can open a Business Transact Account now. Just select ‘New account’ from the ‘I want to…’ menu.

As soon as you open the account you’ll be able to start using it straight away.

To open a Business Transact Account:

Login to Westpac One

**Only available for those business customers with accounts where one person can authorise a transaction.



Business Transact Account - Fees
Account maintenance and transaction fees are charged to your account on whatever day of the month you choose. Service fees apply.
Fee descriptionPay as you go optionMonthly fee plan option
Tier 1Tier 2
Account maintenance fee

$6 per month $10 per month $20 per month
Account benefits and relationship rewarding
Transactions not charged for or included as part of your monthly account maintenance fee

Fees waived on the 15 monthly transactions with the highest fees  up to 40 transactions included per month, then Pay as you go. up to 80 transactions included per month, then Pay as you go.
Electronic transactions
Eftpos credit transactions, non-Westpac transfers, online banking, phone banking transfers, automatic payments once set up (service fee applies to set up or amend), direct credits/debits, bill payments
Fees will only apply to excess transactions over your monthly transaction limit. No fees on Westpac ATM Withdrawals and EFTPOS debit transactions.

19c per transaction 19c per transaction 19c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a branch

70c per transaction 70c per transaction 70c per transaction