Rewards Transaction Account

A hard-working transaction account that earns More Rewards points while you do your everyday banking.

Benefits

Earn More Rewards points

Earn points on your Debit Mastercard® purchases and the money in your account.1

Redeem points for real rewards

From flights and gadgets to retail vouchers. Start window shopping at More Rewards.

Save on monthly maintenance fees

We'll waive them if you deposit at least $2,000 a month; for example, your salary.

A wide range of gift cards available

Virgin Australia-Apple-Myer-JB Hi Fi-Caltex Virgin Australia-Apple-Myer

How it works

You can earn More Rewards points on:

Your account balance

1 point per $100 on your account balance every day. 2 Points paid per month will vary depending on your account balance and the number of days in the month. Refer to the Bankwest More Rewards Program Terms and Conditions for more information about the program and how the points are calculated. Close

Debit Mastercard purchases in Australia

5 points per eligible purchase. ? What counts as an eligible purchase? Most purchases are eligible purchases except some things such as bank fees, gambling, government charges and anything else listed in Section 5 of our Bankwest More Rewards terms and conditions.

Note, you won't earn points for ATM withdrawals made in Australia.
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Debit Mastercard overseas transactions

10 points per eligible overseas purchase or overseas ATM withdrawal. 3 Note, there is a foreign transaction fee for overseas purchases. Overseas purchases made online may incur foreign transaction fees. Close

Rates and fees

Rates

Name

Rate

Variable interest rate

0.01% p.a. on all balances

Interest is calculated daily and credited monthly

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Fees

Name

Fee

Monthly maintenance fee

$6 (waived when you deposit at least $2,000 per month)

Electronic withdrawal fee

$0

Cheque withdrawal fee

$0

Counter withdrawal fee

$0

Overseas ATM access fee

$0 charged by Bankwest 4 The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply. Close

Foreign transaction fee ? For each transaction occurring outside Australia in foreign currency or Australian dollars. Overseas purchases made online may incur foreign transaction fees. Close

2.95% of the transaction amount

Paper statement fee ? Avoid this fee with eStatements.
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$1.25 per statement

More

Customers with this account will receive eStatements via Bankwest Online Banking. Customers who opt to receive a paper statement, however, may be charged the above fee. All accounts opened prior to 13 February 2017 will be progressively switched over to eStatements. Exemptions apply.

Rates are subject to change. Other fees and charges may apply. For more detailed information, see the Rewards Transaction Account Product Schedule and Your Guide to Banking Fees.

View our transaction account terms and conditions

Transaction account terms and conditions:

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.

Product schedule:
Rewards Transaction Account Product Schedule (PDF)

Related documents:
Investment and Transaction Account Terms and Conditions (PDF)
Account Access Conditions of Use (PDF)
Your Guide to Banking Fees (PDF)
Banking Services Rights and Obligations (PDF)

Rewards document:
More Rewards Terms and Conditions (PDF)

Apply today

Here are your next steps...

Check your eligibility

  • People 18 years and over
  • Debit Mastercard access: Australian citizens and temporary or permanent residents with an Australian residential address. Find out more about Debit Mastercard
  • One Rewards Transaction Account per customer only.
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Things you need for your application

Find out more about what you may need to provide.

 

Already started? Resume your application

Need help choosing a transaction account?

Speak with someone from the team today.

Things you should know

  1. More Rewards points accrue as one point for the daily account balance in whole numbers of $100, five points for eligible domestic purchases and ten points for eligible international purchases or international ATM withdrawals. Refer to the Bankwest More Rewards Program Terms and Conditions.

  2. Points paid per month will vary depending on your account balance and the number of days in the month. Refer to the Bankwest More Rewards Program Terms and Conditions for more information about the program and how the points are calculated.

  3. Note, there is a foreign transaction fee for overseas purchases. Overseas purchases made online may incur foreign transaction fees.

  4. The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Mastercard, World Mastercard and the Mastercard brand mark are registered trademarks, and the circles design and tap & go are trademarks of Mastercard International Incorporated.