What do I need to apply for a business account?

When you're applying for a business transaction, savings or deposit account, we need to ask you a few questions about your business and the people involved in it. To save time, here's an overview of what you might need handy.

Identification

We'll need to verify the identity of all the people connected with your application.

Anyone who is not an existing Bankwest customer will need to pop into a store with original or certified copies of one of the following:

  • One form of primary ID with a photo
  • Two forms of primary ID without a photo
  • One form of primary ID without a photo plus one form of secondary ID.


Rather apply online? You can use our electronic ID check.

Not sure what you can use as ID? Check out our simple guidelines.

Business details

The documents you'll need to provide us with will vary based on your business type.

All business types (including sole traders)

For all applications:

  • Australian Business Number (ABN) and/or Tax File Number (TFN). These aren't mandatory, however withholding tax may be applied if you don't provide them.
  • All account signatories who are new to Bankwest will need to confirm their identity.

Partnership 

If this is the first account your partnership has opened with us:

  • Verification of the partnership (e.g. partnership agreement or certified copy of the partnership agreement)
  • All Beneficial Owners who are new to Bankwest will need to confirm their identity.

Companies

If this is the first account your company has opened with us:

  • Australian Company Number (ACN)
  • All Beneficial Owners who are new to Bankwest will need to confirm their identity.

Trusts/Self Managed Super Funds

For all applications:

  • If the trustee is a company, we'll need details of that company.


If this is the first account your Trust/Self Managed Super Fund has opened with us:

  • Original or original certified copy of your Trust Deed front page, schedule and execution/signing page, which shows the name of the trust, trustees, beneficiaries and settlor
  • All individual trustees who are new to Bankwest will need to confirm their identity.

Society/Strata/Cooperative

For all applications:

  • Meeting minutes showing the request authorising the opening of the account, full name and positions of signatories who will be operating the account, and method of operation (e.g. one or two people to sign)
  • Annual General Meeting minutes showing the election and full names of your Office Holders (President, Chairperson, Vice-President, Treasurer, Secretary or equivalent).

If this is the first account your organisation has opened with us:

  • Strata plan or title if applicable
  • Certificate of Incorporation and Constitution for Incorporated Associations
  • Beneficial Owner(s), being the Chairperson, Secretary and Treasurer or equivalent officers who are new to Bankwest will need to confirm their identity.

Government organisations, joint ventures or foreign or other companies

Please call 13 7000 for information on how to apply for a business account.

Why we need these details

Before you can open a business account, you and your business need to be identified under the provisions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The personal and business information, together with any supporting documents, allows us to verify your identity.

How can we help?

Business Specialists Team
Speak with someone from the team today

Business Banking Specialists

Here’s how to get in touch