Sole trader

How to open an account if you're a sole trader.

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What is a sole trader?


A sole trader is an individual running a business. It is the simplest and cheapest business structure.

If you operate your business as a sole trader, you are the only owner and you control and manage the business. You are legally responsible for all aspects of the business.

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Step 1: Set up your business account

Do you have a personal account with People First Bank?

  • Yes – Great! Proceed to the next steps below.
  • No – You need to be a customer for a minimum of 12 months to apply for a business account.

Step 2: Start your business account

Sole trader application

Download and complete the sole trader application form below. Have these documents ready when you get in touch with us.

Download application form
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Australian Business Number (ABN)

Please tell us what your ABN is. If you're unsure where to find it, you can look it up on the Australian Business Register.

Find my ABN
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Step 3: Finalise your business account

Once you’ve completed the application form and obtained your ABN, please bring them with you when you visit one of our branches to open your business account.

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Need some help? We've got you covered.

Get in touch with us and we can help you get the answers you need.

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Our Customer Hub team is available to help 24/7.

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