Bankwest Business Zero Transaction Account

Key features

So, you’re a business owner on the hunt for a top-notch everyday bank account? Well, with no ongoing account fees and loads of fab features, be sure to take a look at the Bankwest Business Zero Transaction Account.

The Bankwest Business Zero Transaction Account hits the ground running with a wide range of flexible payment options, including unlimited free domestic electronic transactions made via phone, the internet, EFTPOS, network ATMs, direct debit, cheque, counter, Bank@Post transactions.

You’ll also be able to make payments using your linked Mastercard debit card, as well as via Apple Pay, Google Pay, PayID and Payment Ring. And if you’re looking to make overseas payments, this account has a 2.95% foreign exchange commission fee.

On top of all this, the Bankwest Business Zero Transaction Account is an award-winning business bank account, having won a 2020 Mozo Experts Choice Award in the Small Business Exceptional Everyday Account category.

Just keep in mind though that the Bankwest Business Zero Transaction Account has a maximum balance of up to $500,000. 

Who is it good for

With no ongoing account fees plus loads of flexible payment options, the Bankwest Business Zero Transaction Account could be a suitable account option for most Aussie business owners looking for a fuss-free business transaction account.

Any catches

If you plan on making any big cash withdrawals, just keep in mind that the Bankwest Business Zero Transaction Account comes with a $1,000 daily ATM withdrawal limit. There is also the maximum balance of up to $500,000 to consider.