Business Transaction Account

Features and benefits

• Account is accessible to business customers.
• Corporate Online and Internet Banking access.
• Five (5) fee-free deposit transactions per month.
• E-statements accessible via Corporate Online and Internet Banking 24/7.

Refer to the PNG Customer Service Fees and Charges Brochure (PDF 207KB) (PDF 141KB) for details.

New customers

To open a Westpac business account, you’ll need to provide us with a signed and completed company account opening form, along with some current identification documents.

We are required to verify:

1. Full name of the company
2. Registered office or business address, including country
3. Incorporation number/Business registration number
4. Place of incorporation/registration
5. Date of incorporation/registration
6. Business licence number (if any)
7. Source of funds
8. Tax Identification Number (TIN)
9. Nature and business of the company
10. Ownership structure

Personal identification requirements

Under PNG banking regulations, each director, secretary, any shareholder who owns 20% or more and any person(s) authorised to operate on the account are required to meet personal identification requirements.

They will need to provide us with a signed and completed associated party form, along with some current identification documents.

Company and personal information must be verified from a combination of identification documents. Download the Opening a business transaction account brochure (PDF 159KB) for a list of accepted identification documents and any other requirements that you may need to meet.

Existing customers

You may have already provided necessary identification or you may need to provide some additional current identification documents. Visit your local branch to get started.

Download the forms you need

 Association Co-operative Account Opening Form (PDF 1021KB)

 Company Account Opening Form (PDF 1005KB)

FATCA SDF Entity (PDF 203KB)

FATCA SDF Individual (PDF 195KB)

Government Body Account Opening Form (PDF 777KB)

Notice of Authority (PDF 535KB)

Partnership Account Opening Form (PDF 265KB)

Personal Account Opening From Associated Party Form (PDF 250KB)

Sole Trader Account Opening Form (PDF 289KB)

Personal Account Opening Form Low ID (PDF 415KB)