Business Account Opening
Our Business Account Opening is part of the Business Collection. Submit business account applications via API. Our integration partner provisions a business transaction account with BSB, account number, and debit card.
General Overview
The Business Account Opening API allows you to submit business account applications on behalf of your clients in a single API call.
Once submitted, our integration partner — the business account provider — takes over the process. They will contact the applicant directly to complete Know Your Customer (KYC) identity verification, a mandatory step under Australian anti-money laundering legislation. No further action is required from you after submission.
API calls are completely free on all BAPI plans. As a thank-you for each successfully activated account, you will automatically receive an account credit that can be applied to future BAPI charges.
What's Included
Business Transaction Account
A fully operational Australian business account, provisioned with a BSB and account number.
Business Debit Card
A business debit card issued to the account holder as part of the account opening process.
Free API Calls
No charge per submission - business account opening calls are free on all BAPI plans.
Identity Verification (KYC)
Once an application is submitted, our integration partner - the financial institution - will contact the applicant directly by email or SMS to complete identity verification. This is a mandatory step under Australian anti-money laundering legislation and typically takes only a few minutes of the applicant's time. No further action is required from you after submission.
Business Account Opening FAQs
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Business Account Opening API calls are completely free on all plans - Standard and monthly. There is no charge per submission, and no government fees apply.
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When a business account application you submitted is successfully activated by the business account provider, a credit will be automatically applied to your BAPI account.
This credit is applied as a thank-you for the referral. It is not withdrawable and has no cash value, but it can be used to offset the cost of any future BAPI API calls - company registrations, ABN applications, business name registrations, and more.
Credits are tracked in your BAPI account and applied automatically at the time of the next chargeable request.
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Once you submit an application via the API, our integration partner - the business account provider - takes over the process. They will contact the applicant directly by email or SMS to verify their identity and complete any Know Your Customer (KYC) requirements.
This step is required under Australian anti-money laundering legislation and is completely handled by the business account provider. The applicant typically only needs a few minutes to complete it.
You can poll the status of any submission at any time using the status endpoint. Once the account is activated, the status will update and any applicable credit will be applied to your account automatically.
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Yes. Before submitting live applications, you must complete the Business Account Opening onboarding in your BAPI dashboard. This involves reading and signing a short partner agreement that covers data sharing, client consent, and credit terms.
Once signed, your application will be reviewed and approved within 1 business day. Test submissions can be made at any time without completing onboarding.
With a massive business APIs to choose from, you can leverage the ready-made, easy to integrate RESTful APIs to build your new business.