Westpac
Posted 4 days ago
66
Westpac Business One Account: $100 Bonus for $100 Deposit
360 days leftEnds Fri 1 October at 00:00
Open a new Westpac Business One or Business One Plus transaction account and deposit at least $100 in a single transaction within 10 days to receive a $100 welcome bonus. The account has no monthly keeping fees. Promo code WELCOME100 may be required. Offer ends 30 Sep 2027.
Our readers say
Source: OzBargain1003 comments
Original title
Open a Westpac Business One Account, Deposit Min $100 in 1 Transaction within 10 Days, Receive $100 Bonus Deposit
Quick take
Good for
- Holders of an ABN/ACN (business owners, sole traders)
- Those needing a fee-free basic business transaction account
Not for
- Individuals without a registered business entity
- Users unable to meet the 10-day deposit window
Why it's worth a look
- A 1:1 return ($100 bonus for $100 deposit) is exceptional value
- The account itself has no monthly fees, making it low-risk to hold long-term
Watch out
- You typically need an ABN or ACN to open a business account; personal users cannot apply
- Strictly adhere to the 'single transaction' and 'within 10 days' rules to qualify
Worth doingsave ~$100, done in 15 min
Worth it?
$100
Estimated saving (price drop + cashback + cash rewards)
Reward offer
- Price
- Reward offer
- Value per hour
- $400
Min. spend $100
Effort
Moderateabout 15 min
Moderate
Promo codeNSW/VIC/QLD/WA/SA/TAS/ACT/NT onlyNew customersMin. spend $100ID check
Ends360 days leftFri 1 October at 00:00Who can do it: Open to everyoneNo feedback yet — tell us how it went if you try it
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How to do it
- 1Apply for a new Business One or Business One Plus transaction account via Westpac's website or branch.
- 2Use the promo code WELCOME100 if prompted during application.
- 3Complete the account opening process.
- 4Deposit at least $100 into the new account in a single transaction within 10 days of opening.
- 5Wait for the $100 bonus to be credited (timeline varies by bank processing).
Money-saving tip: Ensure you have valid business credentials (ABN/ACN) before applying. This deal is not suitable for standard personal banking needs.
Conditions
- New accounts only (Business One or Business One Plus).
- Deposit must be made within 10 days of account opening.
- Deposit must be a single transaction of at least $100.
- Eligibility likely requires an ABN or ACN (Australian Business Number/Company Number).
- Offer expires on 30 September 2027.
Risks
- CautionRequires ABN/ACN for eligibility check.
- NoteRequires a $100 minimum order. Don't buy things you don't need to reach it.
- NoteID verification required. Only submit documents in the official app or website.
- NoteOnly available in NSW / VIC / QLD / WA / SA / TAS / ACT / NT.