Business Zero Transaction Account

An award-winning business account for managing everyday business transactions.

Benefits

Award-winning

Awarded as an Exceptional Everyday Account for Small Business in Mozo's 2021 Expert Choice Awards.

Save on fees

No ATM fees at all Bankwest and CommBank ATMs Australia-wide. Other fees may apply.

24/7 banking

Manage your banking through online banking and pay for business expenses with your Debit Mastercard®.

Flexibility

No minimum opening balance or monthly deposit needed.

The perfect pairing for your side hustle

With all these benefits, and the use of Bankwest Simplify – we can help you take your business online to make earning extra money, extra simple.

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. 1 Minimum overdraft amount applies.

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

Fees

Swipe
Name Fee
Monthly maintenance fee $0
Electronic transaction fee
$0
Paper transaction fee
$0
Overseas ATM access fee
$5 per transaction 2
Foreign transaction fee ? 2.95% of the transaction amount
Swipe

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 Zero Transaction Account Product Schedule (PDF) and Your Guide to Banking Fees (PDF).

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.

Product Schedule:

Business Zero Transaction Account Product Schedule (PDF)

Related documents:

Apply now

Check your eligibility

  • Your business type is a sole trader, partnership, company, trust, super fund (including self managed super fund), society, strata or cooperative 3 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 4 If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.
  • Debit Mastercard access is available to Australian citizens or permanent residents over 16 with an Australian residential address (limited exceptions may apply subject to conditions).

  • 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)
  • Australian Tax File Number (TFN). This isn't compulsory, but withholding tax may be applied if it's not provided.

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.
     

Company

  • 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.
     

Society/strata/cooperative

  • 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

Here’s how to get in touch

  1. Minimum overdraft amount applies.
  2. The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply.
  3. For all other organisations, including government, joint venture and foreign companies, please call us on 13 7000 for information on how to apply.
  4. If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.

Fees and charges including other bank ATM fees, overseas ATM access fees and foreign transactions fees may apply.

Awarded 2021 Small Business Exceptional Everyday Account. Consider the PDS and whether the product is right for you.

Xero is a trademark of Xero Limited.

MYOB is an internationally registered trademark of MYOB Technology Pty Ltd.

Mastercard is a registered trademark, and the circles design, Tap & go and smart data are trademarks of Mastercard International Incorporated.