What are the Steps?

We've made it very quick and easy to apply for your Business TeleNet Saver account. Just follow these six steps:

1. Read and accept our Product Disclosure Statement.

2. Provide some information about your business.

3. Advise how we can contact you.

4. Provide details of the account to which your Business TeleNet Saver will be linked.

5. Advise us who will be authorised to use the account.

6. Confirm that we have everything we need. Then print, sign and post, fax or email your application to us. Alternatively you can ask us to send you an electronic copy for you to sign and return.

If you choose to email a copy of any documentation to us, you do so at your own risk. As emails are an unsecured means of communication, there is a risk your email could be viewed by others if it is intercepted or sent to an incorrect address, and Bankwest assumes no responsibility for this. If you have any concerns about emailing information to us please provide it by other means.

How long will it take?

Completing the online application can take as little as 15 minutes.

After you send us your completed application form and we have opened your account, we will notify you how you may access your new account within a few days.

Please note our online application process includes a 45 minute time out session for additional security. If you leave your application open for 45 minutes without entering any details it will time out and you will need to start again.

What Information will I need to know to apply?

You will need the following:

  • Your business Australian Business Number (ABN) if one is held or Australian Company Number (ACN) if applicable.
  • Your business Tax File Number (TFN). If you cannot provide this (and you are not exempt) we will have to deduct withholding tax from your new account.
  • The BSB, name and number of the bank account to which you want to link your Business TeleNet Saver. Your linked account must be held at an Australian Bank and be in the same name as the account you are about to open.
  • The first page of a recent bank statement from that account - issued less than 6 months ago.
  • If your application includes a trustee or superannuation fund entity we will require you to provide us with certified copies of relevant pages (link to: supporting doc page) in your trust/superannuation deeds.
  • If your application is for an Association/Club or Society you will be required to provide us with a certified copy or certified extract of the constitution or the rules of the association or the minutes of the meeting. For incorporated society you will also need to provide us with Certificate of Incorporation.
  • An email address so we can confirm that your application has been received.
  • A printer so you can print your completed application form to sign and send it to us.

What happens next?

We will ask you for your business details.

Business TeleNet Saver FAQs

  • Can I apply over the Phone?

    You certainly can! Please call us on 13 7000. One of our consultants will be ready to assist you.

  • Why do I need to send you a recent statement of my Linked Account?

    To comply with Australian law for this type of online savings account we must ensure the name on both accounts is the same.

  • What is my Personal Access Number and what is it used for?

    Your PAN is the unique number you use to access Online Business Banking. It also helps us identify you if you call us.

  • What if I've forgotten my Personal Access Number or Secure Code?

    Please call us on 13 7000. One of our consultants will be able to help you.

  • How do I deposit money into my Business TeleNet Saver account?

    You can either:

    • Transfer (withdraw) funds from your Linked Account via Online Business Banking,
    • Transfer (deposit) funds via electronic funds transfer from any account, or via a savings plan using Online Business Banking.

    Please note: your initial deposit must be made from your Linked Account.

  • How do I withdraw money from my Business TeleNet Saver Account?

    You can transfer funds to your Linked Account via Online Business Banking, and make the withdrawal from there as normal.

  • What if I need to change the Linked Account?

    You can change the Linked Account at any time, provided that the new account is in the same name as your Business TeleNet Saver account. Simply call us on 13 7000 for assistance.

  • What if I close the Linked Account?

    You will not be able to withdraw funds from your Business TeleNet Saver until you nominate a new Linked Account. This new Linked Account will then be recorded to enable you to transfer funds from the Business TeleNet Saver. Please call us on 13 7000 for assistance.

  • Can I deposit cheques into my Business TeleNet Saver account after it has been opened?

    No. You may only make deposits by electronic funds transfer or Linked Account transfers.

  • Why can't I view the Product Disclosure Statement?

    This could be because you do not have a piece of software called Adobe Acrobat Reader installed on your computer. If this is the case, please refer to the  Adobe website and download the latest version. It's free.

    If you do have Adobe Reader and are still having a problem viewing the document, it may be because you have an older version of the software. Again, refer to the Adobe website and download the latest version of Adobe Reader.

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