Westpac Business One Low Plan

Headline interest rate p.a.
Monthly fee
Account type

Moneybuddy says

This is Westpac's most popular business transaction account and this could be contributed by its very low $6.50 monthly fee. This account is most suitable for those businesses who conduct only a few monthly transactions, so if this describes your business, you should check out this transaction account now!

The Basics

Interest paid Quarterly

Interest calculated Daily

Headline interest rate p.a. 0%

Monthly fee $6.50

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 -

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) -

Balance less than $5k (p.a.) -

Balance less than $25k (p.a.) -

Balance greater than $100k (p.a.) -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month unlimited

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee $0.20

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

  • $6.50 monthly plan fee
  • Monthly plan fee includes $15 of allowable transaction value which could include a choice of either 75 electronic transactions, 25 cheques or 15 branch transactions before monthly transactions fees apply
  • Export transactions to your accounting software via Business Online Banking and save time
  • To be eligible to apply for Business One, your business must be registered in Australia
  • 75 electronic transactions or25 cheques or 15 branch transactions are included in monthly allowable transaction value


  • Ideal for businesses with a low number of monthly transactions
  • Easy access to funds
  • unlimited access to funds via Business Online and Business Telephone Banking, Business Debit MasterCard®, Westpac ATMs and our extensive branch network
  • Option to link to a Business Overdraft to help cover expenses


  • Interest is not payable on the Business One Low account but is paid on the Business One High account

Terms & conditions

Conditions, fees and charges apply.


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