Business Account

You can open your new account by making an appointment at your nearest P&N branch. 

You will need to:

• have a valid ABN,
• be a sole trader, partnership, company, association, SMSF, trust, or not-for-profit, and
• be operating in Australia with an Australian address.

Open a sole trader or partnership account

Open a company account

The documents you’ll need depend on your business type and whether you’re already a P&N Bank customer. 

If your business membership is already open, you’re all set – no additional business documentation is required to open another account. The only exception is when the new account will have a two to sign method of operation – in this case, you will need to complete an Application for Deposit Account Form.

If you’re new to P&N, please make an appointment at your nearest branch so we can help set up your business membership and complete the required checks. We’ll also need to confirm the identity of all signing individuals in person, such as directors, beneficial owners, or sole traders. Please bring:

• A valid Australian driver’s licence or Australian passport, or
• One form of primary ID without a photo (e.g. birth certificate or citizenship papers), and
• One form of secondary ID (e.g. your most recent utility bill)

If you already bank with us, you'll just need to bring valid photo ID when opening the account.

Additional requirements by business type

Sole trader or partnership:

• A registered Australian Business Number (ABN)
• An Equifax search completed within the last 30 days 

Company (ACN): 

• An Equifax search completed within the last 30 days
• Documentation for any non-beneficially held shares (20% or more):
  • Share certificate, and
  • ID for the entity that beneficially holds the shares, as well as the board of directors or trustees of that entity.
  • If the shares are beneficially held by the directors, no additional documents are required.

Trust:

• A copy of the Trust Deed and any variations
• ID for the Trustee (individual or company)
  • If the trustee is a company rather than an individual, you’ll also need to bring the relevant company documents as outlined above.

Self-managed super fund (SMSF):

• The original Trust Deed and all variations
• Documentation confirming the members of the trust:
  • If individuals are trustees, all must be listed as account signatories
  • If a company is the trustee, all SMSF members must be directors
  • If the trustee is a company rather than an individual, you’ll also need to bring the relevant company documents as outlined above.

Societies or associations:

• Minutes from the last AGM confirming elected committee members
• Minutes approving the opening of accounts, including
  • Name of the organisation
  • Date, attendees, and agreement to open an account with P&N Bank
  • Type of account(s) being opened
  • Nominated signatories
  • Method of operation (e.g. two to sign)
  • Access required
  • This must be signed by at least two of the attendees.
• Any relevant registration documents (depending on organisation type):
  
  • Registered not-for-profit: Certificate of Registration
  • Incorporated association: Constitution/Rules and Certificate of Incorporation
  • Co-operative: Certificate of Registration and unique identifying number

Please note that if a two to sign account is being opened, an account opening form will need to be completed.

You should receive your physical Visa Debit card by mail within 7-10 business days.

If you've recently opened a new account online, you can set up your digital card straight away and use it with the digital wallet on your smartphone.

Find out more about digital cards

You can link your P&N Bank business accounts with accounting software packages MYOB and Xero.

After you have signed up with your preferred provider, they will contact us to allow access to your accounts.

If you have any queries, please follow up with your software provider.

We understand that sometimes seeing a friendly face and doing your banking in person can be nice. And we welcome you at our branches located throughout the Perth metropolitan area from Ocean Keys to Mandurah, and down south in Bunbury.

Use our Branch Locator to find your nearest P&N Bank branch. 

Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience. 

Please contact us on 13 25 77 if you'd like to speak to a team member.

P&N Bank is a 'customer owned' bank which means our customers and our owners are one and the same.

So there’s no natural conflict with shareholders like at the listed banks. 

Our customers own our bank, and that’s a good thing. It means any profits we make are used to improve our services, and provide benefits to our customers and the broader WA community. 

Find out more about what being a customer-owned bank means.