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.

Applying at a branch

Pop down to your local Bankwest branch with an original or certified copy of one of the following:

  1. One form of primary ID with a photo (i.e. passport or driver’s licence) or
  2. Two forms of primary ID without a photo (e.g. birth certificate and government benefits card) or
  3. One form of primary ID without a photo (e.g. birth certificate or Citizenship papers) and one form of secondary ID (e.g. a utility bill).


For more detailed information, see a handy list of ID we'll accept.

Applying online

You can skip a trip to a branch with our electronic ID check.

Business details

The documents you’ll need to provide will vary based on your business type and the account you apply for.

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 or there have been changes to the structure of your partnership:

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

Companies

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 or there have been changes to the structure of your trust:

  • 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 will need to confirm their identity.

Society/Strata/Cooperative/Association

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 or there have been changes to the structure of your entity:

  • 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 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