Westpac Business One High Plan

Headline interest rate p.a.
Monthly fee
Account type

Moneybuddy says

Westpac's Business One High Plan transaction account is well suited for businesses that transact frequently. There is a monthly fee of $15.00 which provides $45.00 in monthly allowable transaction value. This equates to 321 electronic transactions, 90 cheques or 45 branch transactions. If your business conducts transactions frequently, check out this account now!

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 0%

Monthly fee $15

Account type Transaction

The cool stuff: features

ATM access Yes

EFTPOS access Yes

Branch access Yes

Internet Banking Yes

Age restrictions Yes

Cheque book facility Yes

Debit card Yes


GiroPost No

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 0%

Balance less than $5k (p.a.) 0.01%

Balance less than $25k (p.a.) 0.05%

Balance greater than $100k (p.a.) 0.20%

Min. balance -

Min. opening deposit -

Number of free elect transactions per month unlimited

The ugly stuff: fees

Other bank ATM fee $0

EFTPOS transaction fee $0.14

Branch assistance fee $1

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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Westpac says

Westpac Business One account gives you the flexibility to choose the right plan for your business based on the number of transactions and your balance each month.

Key features

  • Monthly fee of $15.00
  • Monthly allowable transaction value of $45.00
  • Monthly allowable value equates to 321 electronic transactions or 90 cheques or 45 branch transactions
  • Interest is payable
  • 1% interest payable for deposits of $500,000.00 or more


  • Suited to businesses that transact frequently
  • Unlimited access to funds via Online and Telephone Banking, Debit Card, Westpac ATMs and our extensive branch network
  • Export transactions to your accounting software via Business Online Banking and save time
  • Option to link to a Business Overdraft to help cover expenses

Terms & conditions

Conditions, fees and charges apply.


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