Business High Interest Transaction Account

Simplify your banking by rolling your business transaction and investment accounts into one.


Earn interest

Enjoy earning interest on your daily account balance.

Easy access to your funds

24/7 online banking, Debit Mastercard® access and no ATM fees at all Bankwest and CommBank ATMs Australia-wide. 1 Fees and charges including other bank ATM fees, overseas ATM access fees and foreign transaction fees may apply.


No minimum opening balance or monthly deposit needed.

Check out these additional perks

The option to track your finances through data feeds to accounting software packages like Xero™ and MYOB®.

A line of credit/overdraft facility, subject to lending approval and criteria. 2 Minimum overdraft amount applies.

Cheque and deposit books, if you'd like them.

Rates and fees

Name Rate
Variable interest rate on balances $0 and above 0.10% p.a.
Interest is calculated daily and paid monthly
Name Fee
Monthly maintenance fee $10
Electronic transaction fee $0.20 per transaction
Paper transaction fee $0.20 per transaction
Overseas ATM access fee $5 per transaction 3
Foreign transaction fee ? 2.95% of the transaction amount
Rates are subject to change.

Additional fees and charges may apply, including if you take up an optional line of credit and overdraft facility.

For more detailed information, see the Business High Interest Transaction Account Product Schedule (PDF) and Your Guide to Banking Fees (PDF).

Apply now

Check your eligibility

  • Debit Mastercard access: Australian citizens or permanent residents aged 16 years or over with an Australian residential address
  • Your business type is a sole trader, partnership, company, trust, super fund (including self managed super fund), society, strata or cooperative 4 For all other organisations, including government, joint venture and foreign companies, please call us on 13 7000 for information on how to apply.
  • The business was established and has tax residency in Australia. 5 If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.

Things you need for your application

  • If anyone connected to your application is new to Bankwest, including account signatories, key decision makers/beneficial owners (through ownership or control), trustees, guarantors and office holders, they'll need photo ID like an Australian driver's licence or passport. Or, see a handy list of other ID we’ll accept
  • Australian Business Number (ABN). This isn't compulsory, but withholding tax may be applied if it's not provided.


Some business types may need to provide a bit more...

All documents must be originals or certified copies within the last three months.

Formal partnership

  • Documentation that verifies the partnership information, such as the partnership agreement.


  • Australian Company Number (ACN).

Trust/super fund (including self managed super fund)

  • Deed front page, schedule and execution/signing page, which shows the name of the trust, trustees, beneficiaries, settlor and settled sum (if applicable)
  • If the trustee is a company, details of that company.


  • Annual General Meeting minutes showing the election and full names of your Office Holders (President, Chairman, Vice President, Treasurer, Secretary or equivalent)
  • Strata plan or strata title for strata or cooperative
  • Certificate of Incorporation.

Already started? Resume your application.

How can we help?

Business Specialists Team
Speak with someone from the team today

Business Banking Specialists

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