Open a Westpac Business One Account, Deposit Min $100 in 1 Transaction within 10 Days, Receive $100 Bonus Deposit @ Westpac

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Open a Westpac Business One Account, Deposit Min $100 in 1 Transaction within 10 Days, Receive $100 Bonus Deposit @ Westpac
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PFarid127 on 24/05/2025 - 00:47 westpac.com.au (10712 clicks)
Last edited 31/03/2026 - 14:36 by 4 other users
WELCOME100

“Business ONE” account which doesn’t have any keeping fee.

To be eligible for the $100 Welcome Offer, you must:

  1. open a Business One or Business One Plus transaction account (Account)
  2. have deposited a minimum of $100 in a single transaction within 10 Days of account opening and
  3. you must also add a payee description “WELCOME100” to the deposit transaction when transferring the $100 into your new account from another account or financial institution.

Terms:

To be eligible for the $100 Welcome Offer, you must (1) open a Business One or Business One Plus transaction account (Account) (2) have deposited a minimum of $100 in a single transaction within 10 Days of account opening and (3) you must also add a payee description “WELCOME100” to the deposit transaction when transferring the $100 into your new account from another account or financial institution.

Eligibility is limited to a single offer per Account and a single offer per customer. The Offer is available to new Business One or Business One Plus transaction account customers that open a new Account during the Offer Period. Where a Joint Account has been opened, eligibility is limited to a single offer to the primary account holder. The primary account holder is not eligible if, in the last two years, the primary account holder had held or already hold a Business One, Business One Plus, Business One Low Plan or Business One High Plan transaction account.

The $100 Welcome Offer will be provided by way of direct deposit to the newly opened Business One or Business One Plus account within 60 Business days after you meet the eligibility criteria. You are not eligible to receive the offer if you do not include the payee description of “WELCOME100” to the transfer of funds.

Financial Bank Account Transaction Account

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Comments

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Search through all the comments in this post.
  • whey4000 on 24/05/2025 - 00:55

    Need an ABN or anything, open it up get the $100 then close?

    • 0
    • mickop on 24/05/2025 - 01:58

      I think the ABN is optional, not 100% sure. It asked if you have one yes/no, and selecting no just moved on to the next question of selecting what industry your business is (which was also there as the next question after selecting 'yes' to ABN).

      And T&Cs says $100 will be paid to your account within 60 days, no mention of needing to keep the account open.

      • 0
      • ilovefullprice on 24/05/2025 - 11:52

        OP’s post says deposit within 10 days?

        Also if no ABN provided, will they reject the offer even after we deposit $100?

        • 1
    • bird380 on 24/05/2025 - 01:59

      You have to go to a branch to close the account, cannot do it via online/phone.

      • 0
      • Farid127 on 24/05/2025 - 08:21

        There’s no keeping fee for the account, so you could close it whenever you want

        • 8
      • freeb1e4me on 28/07/2025 - 12:44

        The account closes itself with a zero balance and after a period of inactivity

        • 3
  • sol3x on 24/05/2025 - 00:58

    Monthly account keeping fees?

    • -4
      • KillerkratZ on 24/05/2025 - 06:59

        There’s no fees according to the website

        $0 monthly fee
        $0 for electronic transactions¹
        $3 staff-assisted transactions include cheques written, collected, and deposited, branch assisted deposits and withdrawals, and narrated credits. See T&Cs (PDF 830KB) for fees that may apply to other banking activity
        Business One does not pay interest.
        15.01% p.a. Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement.

        • 8
        • sol3x on 24/05/2025 - 08:51

          Thanks heaps!

          • 0
        • xrailgun on 24/05/2025 - 11:19

          kinda crazy that they charge personal accounts $5 monthly fees unless there's $2000 deposits, but no stupid fees or games for the business accounts.

          • 6
          • Prostagma on 24/05/2025 - 17:34

            @xrailgun: I’ve never had to pay a fee for my choice account and I rarely use it. Definitely haven’t been making any deposits

            • -4
          • Snoop on 26/05/2025 - 09:47

            @xrailgun: What's kind of crazy is the differences from one held account to another.
            E.g. -Our Business One (company account) has been getting charged a $10 Monthly Plan Fee for the past 13 years;
            -Our Business One (trust account) doesn't get charged anything;
            -My personal account is also free from charges;
            -But I've just discovered my wife's personal account is charged a monthly fee.
            I guess "The devil is in the detail."

            • 3
            • bonezAU on 30/09/2025 - 07:52

              @Snoop:

              E.g. -Our Business One (company account) has been getting charged a $10 Monthly Plan Fee for the past 13 years;

              They have two types of Business One accounts, 1 of them has zero staff/branch access (eg. deposits/withdrawals via teller) and the other has a $10 monthly fee but you get branch/teller services included.

              If you aren't using the branch services, jump on their online business chat or give them a call and ask if you can switch account types.

              • 0
      • edrift on 24/05/2025 - 08:04

        Troll…

        • -2
        • Snoop on 26/05/2025 - 09:48

          Troll this FWIT!!!

          • 2
  • yogabagaba on 24/05/2025 - 02:10

    The $100 will be deposited within 60 business days once eligibility criteria are met.

    • 2
    • Usemame on 24/05/2025 - 10:03

      Eligibility check for online opening
      Sole trader, sole director or already a Westpac business customer (association, company, partnership, SMSF, trust, or not-for-profit)

      Wonder if they will actually check the account eligibility.

      • 1
  • Alpha-q on 24/05/2025 - 02:15

    Where to enter the code?

    • 0
    • Farid127 on 24/05/2025 - 09:06

      Once you opened the account, transfer $100 to it, and then in the description of the transfer write down “WELCOME100”. That’s it

      • 6
  • zypr on 24/05/2025 - 02:34

    I cannot open an account cause the ID verification says every picture I take is blurry - anybody else having issues?

    Super frustrating… why does it need to be done with a bloody app with an in-built camera and not just let me type my details in :X

    • 2
    • Farid127 on 24/05/2025 - 09:06

      It didn’t ask for any type of photo ID from me.

      You sure you’re in the right path?

      • 0
      • LiamD on 24/05/2025 - 09:37

        Maybe you already bank with Westpac and they don't.

        • 0
        • Farid127 on 25/05/2025 - 11:36

          That’s not the case at all.

          I wasn’t their customer, neither any of my family members, we did the same without any photo verification or something!

          • 0
    • jimbobinator on 24/05/2025 - 13:22

      Same here…

      • 1
    • Inquisitor Magnus on 10/06/2025 - 15:24

      You may have to go into your local branch. That's what I had to do. At least they were efficient - but a shame that the picture verification just never worked despite using many tries including ensuring it was during the golden hour of natural sunlight with no glare or blurring.

      • 0
  • iitakeiteasy on 24/05/2025 - 05:56

    New business customers only. Accounts opened between 03/02/2025 and 30/09/2025. T&Cs apply.#

    • 1
  • edrift on 24/05/2025 - 08:05

    Thanks OP.
    Took less than 5 mins to open. Half that time was updating an old address.

    • 1
  • Lado on 24/05/2025 - 08:48

    Took me 1 min to open an acoount, existing Westpac customer. Do we need to keep $100 in that account to get $100 welcome credit or can we move out $100 straightaway? Didn't find in terms and conditions, going to call them on Monday

    • 1
    • Farid127 on 24/05/2025 - 09:04

      Yeah, let us know

      • 0
      • zfind on 24/05/2025 - 10:23

        Following.

        Account opened in less than minute due to be old existing customer. Selected sole trader, no ABN, went through fine.

        • 0
      • Lado on 26/05/2025 - 10:10

        Just spoke to Westpac, they confirmaed that I met all requird conditions and can now use the $100 which I deposited in the way I wish, which means I can move out. They also confirmed that $100 bonus would be credited into my account within 90 days.

        • 4
        • Wat on 26/05/2025 - 16:53

          @Lado did you do normal payment or osko? Thanks.

          • 0
          • Lado on 26/05/2025 - 17:09

            @Wat: Oslo from ANZ

            • 1
        • apple0604 on 29/05/2025 - 14:56

          Have you provided ABN number?

          • 0
  • kbd67 on 24/05/2025 - 09:01

    Opened it in 2mins max

    • 1
  • sunaus on 24/05/2025 - 09:17

    Showing:

    We weren’t able to open your account/s.
    Please visit a Westpac branch to open your account/s.

    • 3
    • benny79 on 24/05/2025 - 09:49

      Try turning your VPN off

      • 0
      • sunaus on 24/05/2025 - 10:03

        thanks, no VPN.

        really no idea why.

        • 0
        • pennypacker42069 on 24/05/2025 - 19:59

          Happened to me too because I previously had a Westpac account which was closed. I needed to sign up as an existing customer using my old customer ID

          • 2
  • Ash-Say on 24/05/2025 - 09:23

    Applied - took less than 1 min due to having existing account.

    Waiting game begins now

    • 4
    • darthsparrow on 24/05/2025 - 09:55

      Don’t forget to transfer $100 with description WELCOME100

      • 3
  • WowBargain on 24/05/2025 - 09:29

    Thanks, took me 1.47 seconds to open account

    • 9
    • ytdarin on 24/05/2025 - 09:36

      beat you by 0.01sec

      • 2
  • ozvictor on 24/05/2025 - 09:32

    Can you open even if you are not a business customer

    • 0
  • starbearer on 24/05/2025 - 10:05

    What if I'm already a credit card customer? No other accounts though

    • 0
    • scaryspace on 24/05/2025 - 10:53

      I believe as long as you haven't held one of these accounts, you're fine.

      • 1
  • dj_skitzo on 24/05/2025 - 10:12

    opened an account a few weeks back, got the $100 a few days ago, the 100 you transfer in to be eligible doesn't need to stay in the account, once its been transferred with the WELCOME100 description

    • 22
    • jaypee06 on 24/05/2025 - 10:56

      legend

      • 0
    • asupra1 on 24/05/2025 - 12:58

      Did you need an ABN attached to it?

      • 5
    • EVA-01 on 24/05/2025 - 14:59

      Same. Opened an account and deposited $100 on 19/3, got the bonus on 22/4.

      • 3
      • Orican on 24/05/2025 - 21:11

        Does this account automatically come with a Business Debit Mastercard? If so, when can we expect to receive it?

        • 0
        • EVA-01 on 24/05/2025 - 22:52

          Got the card in the mail about a week after

          • 0
    • Orican on 24/05/2025 - 21:11

      Does this account automatically come with a Business Debit Mastercard? If so, when can we expect to receive it?

      • 1
  • Sweet3st on 24/05/2025 - 10:33

    I may have opened this business account before as they already had my ABN… worth a shot.

    • 0
  • cheekymonkey97 on 24/05/2025 - 10:51

    Does this show in the same Westpac app as your personal banking?

    • 0
    • scaryspace on 24/05/2025 - 10:52

      Yes

      • 0
      • cheekymonkey97 on 24/05/2025 - 10:53

        Oh, that's perfect, I've been loving Westpac recently.

        • 0
  • boq on 24/05/2025 - 11:13

    Opened one. Thanks OP. Just waiting for 100 now

    • 1
  • xers on 24/05/2025 - 11:20

    Can I transfer the $100 from an existing Westpac personal account or does it have to be a transfer from a non-Westpac account?

    • 1
    • profeeder55 on 24/05/2025 - 11:47

      OP's third point seems to state it can be from another account within Westpac

      • 4
  • NotDavidJones on 24/05/2025 - 11:26

    Went through process. Error message at the end.

    • 0
    • Lps on 24/05/2025 - 11:30

      Same. Tried again straight away and fine. ??
      Done now though - show me the money Jerry.

      • 0
    • zhen on 24/05/2025 - 11:34

      This is a business account, error may be because of this user name?

      • 4
  • DaddyChill on 24/05/2025 - 11:40

    Looks like I messed up something, instead of clicking next, clicked the back button by mistake and the system is saying "application is being processed" - and stuck at 75%. But I can see business one BSB and account number in my customer portal.

    • 0
    • Westpac on 24/05/2025 - 12:02

      Same and did the deposit already

      • 0
  • jjsnacks on 24/05/2025 - 11:50

    I keep getting
    "Sorry, we are experiencing technical difficulties."

    Edit, seemed to go through regardless of the error finally

    • 3
  • expertreader on 24/05/2025 - 11:58

    looks like they pickedup on high signups and blocked signups. cant open even when you are westpac customer.

    • 1
    • I like freestuff on 24/05/2025 - 18:15

      Opened two accounts 10 mins ago fine.

      • 0
  • maverick1 on 24/05/2025 - 12:00

    Ozb'd. We seem to be experiencing problems and could not create your account/s .

    • 1
  • jeffreytam on 24/05/2025 - 12:00

    I got that. You can provide ACN, which is essentially more than 500 AUD expenditure for registration.

    Westpac EFTPOS Air is handy, with 1.4 surcharge, while the lowest in the market is 1.3 by ANZ.

    No monthly fee, and they provide some discounted MYOB and lawpath service as well.

    • 0
  • Mingenibbler on 24/05/2025 - 12:09

    Done, existing customer, no ABN, no errors. Ty, awaiting the $100.

    • 0
    • kaushikofficial on 24/05/2025 - 12:26

      How did you submit without ABN?

      • 0
      • MiscOzB on 24/05/2025 - 12:39

        Select No, then type the industry.

        • 0
  • sqheaven on 24/05/2025 - 12:19

    Soon all these accounts would be disabled, like that heritage bank deal. Their system thought it was a malicious activity lol

    • -2
  • hamzie on 24/05/2025 - 12:49

    no errors for me
    just made the account and deposited a 100

    • 0
  • Gotchas on 24/05/2025 - 12:54

    2 accounts popped up

    One with westpac business cash reserve and the other is Westpac business one

    • 0
    • AeymothSky on 24/05/2025 - 12:55

      I opened the website on the desktop and I got to the page of that business cash reserve one and that seemed optional so i believe i skipped it

      • 0
    • End3vour on 24/05/2025 - 16:22

      It was a bit confusing, you must have ticked a box where it said ‘I’m happy with these details etc’, that’s where you would have signed up. I left it unticked and just continued.

      • 0
    • nightqueen on 24/05/2025 - 20:00

      Same I got two accounts. Which account did you send your $100 to, the business one or the cash reserve?

      • 0
      • MotorHead on 26/05/2025 - 11:02

        Same got 2 accounts in which one we transfer 100?

        • 0
  • Big-Deal on 24/05/2025 - 12:56

    Opened one last year with $50 bonus thinking it'd work for shopback deals but didn't. Now I can't get $100 bonus 😭

    • 2
  • Rimas on 24/05/2025 - 12:57

    Aaand it's gone!

    • -4
  • QuickToThePointless on 24/05/2025 - 12:59

    seems fun…

    • 0
  • pr0o on 24/05/2025 - 13:36

    Opened the account in 5 mins
    Got my wife to send me $100 with the description
    Waiting for those $100 to show up and then another $100 🫡🫡🫡

    • 0
    • RADICALIST on 24/05/2025 - 14:58

      Doesn't the description have to say WELCOME100 to get the $100 bonus

      • 0
  • tatnal on 24/05/2025 - 14:53

    error "Sorry, we are experiencing technical difficulties." tried in igcognito too, no luck. will try later.

    Just checked email and I received a welcome email.

    • 0
  • End3vour on 24/05/2025 - 15:29

    Worked for me (existing customer). Received the ‘technical difficulties’ error but just clicked refresh once or twice. Received another error but for a second saw a confirmation screen, and also received text and email. Transfer already completed, now awaiting bonus.

    • 0
  • ethannguyen on 24/05/2025 - 15:34

    At the moment, you can only apply online for a Westpac Business One account if you are a sole trader, sole director or already an existing Westpac business customer (association, company, partnership, SMSF, trust, or not-for-profit).

    • 0
  • Lucille Bluth on 24/05/2025 - 15:47

    Nice, no issues experienced in setting up account. Never had a Westpac account.

    Download the Westpac app rather than using the link at the end of your application which gave me an Access Denied error.

    • 2
  • BigBTrain on 24/05/2025 - 16:57

    Current customer here.

    Set up an account in seconds on the App, but had earlier tried to set up an account via desktop Internet Banking which ran into ID document verification hurdle.

    Now in my app I have a Business One account (set up via the App) , and the previous application "in progress" for the Business One account via internet banking.

    Weird situation. Hopefully it's all okay. I have deposited the 100 dollars with Welcome 100 to the account that was open via app.

    • 1
    • BigBTrain on 24/05/2025 - 17:10

      Curious.

      The duplicate Business One account application that was "in progress" has disappeared from my app.

      The only business account that is in my app is just the Business One account that I applied via the app.

      I think it's all good now. Must have just been some delay or slowness in updating account information in the back-end of the Westpac servers/IT infrastructure.

      • 0
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