Business Zero Transaction Account

An award-winning everyday business account with zero domestic transaction fees. 1 Fees and charges including other bank ATM fees, overseas ATM access fees and foreign transaction fees may apply.
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Benefits

Award-winning

Awarded 'Cheapest Business Bank Transaction Account' by Money magazine seven years running (2011-2017).

Save on fees

No domestic transaction fees 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.
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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.

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

Fees

Name Fee
Monthly maintenance fee $0
Electronic transaction fee
$0
Paper transaction fee
$0
Overseas ATM access fee
$5 per transaction 3 The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply.
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Foreign transaction fee ? For each transaction occurring outside Australia in foreign currency or Australian dollars. Overseas purchases made online may incur foreign transaction fees.
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2.95% of the transaction amount
More

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).

View our Business Zero Transaction Account terms and conditions

Business Zero Transaction Account terms and conditions:

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:
Investment and Transaction Account Terms and Conditions (PDF)
Account Access Conditions of Use (PDF)
Your Guide to Banking Fees (PDF)
Banking Services Rights and Obligations (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.
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  • 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.
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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.

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

All documents must be originals or certified copies.

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.

Need help choosing a business transaction account?

Speak with one of our Business Banking Specialists today.

Things you should know

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

2. Minimum overdraft amount applies.

3. The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply.

4. For all other organisations, including government, joint venture and foreign companies, please call us on 13 7000 for information on how to apply.

5. If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.

Mastercard and the Mastercard brandmark are registered trademarks and the circles design, tap & go and Smart Data are trademarks of Mastercard International Incorporated. 

Xero is a trademark of Xero Limited.

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