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Types of transaction accounts	Easy Transaction Account Access a broad range of ATMs nationwide	Bankwest Qantas Transaction Account Earn Qantas Points 1	Hero Transaction Account Earn interest on balances up to $5,000	Retirement Advantage Account For those aged 55 and over	Offset Transaction Account To pair with your eligible Bankwest home loan	FeeSaver Basic Account Designed for everyday, basic banking.
Rates and fees
Variable interest rates	Not applicable	0.01% p.a.	0.75% p.a. on balances up to $5,000	0.05% p.a. on balances up to $1,999.99, 0.40% p.a. on balances of $2,000 up to $47,999.99 and 1.05% p.a. on balances of $48,000 or more. 2	Up to 100% offset available against your eligible Bankwest home loan. 3	Not applicable
Monthly maintenance fees	$0 Monthly maintenance fee	$6 (waived when you deposit at least $2,000 per month)	$6 (waived if you deposit at least $2,000 per month)	$0	$10 monthly offset fee may be payable depending on the home loan you hold. 4	$0
Overseas ATM withdrawal fees 5	$5 per transaction	$0 charged by Bankwest	$5 per transaction	$5 per transaction	$5 per transaction	Not applicable
Cheque withdrawal fees	$0	$0	$0	$0	$0	$0
Counter withdrawal fees	$0	$0	$0	$0	$0	$0
Foreign transaction fees ?	2.95% of the transaction amount	2.95% of the transaction amount	2.95% of the transaction amount	2.95% of the transaction amount	2.95% of the transaction amount	Not applicable
Features
Free ATM access 6	At over 10,000 major bank ATMs Australia wide 7	At all Bankwest and CommBank ATMs in Australia	At all Bankwest and CommBank ATMs in Australia	At all Bankwest and CommBank ATMs in Australia	At all Bankwest and CommBank ATMs in Australia	At all Bankwest and CommBank ATMs in Australia
Choice of six Debit Mastercard^® colours	Yes	No	Yes	Yes	Yes	No
Platinum Debit Mastercard option 8	Yes	Yes	Yes	Yes	Yes	No - debit card only
Cheque book access	Yes	Yes	Yes	Yes	Yes	Yes
Potential to earn points	No	Yes	No	No	No	No
	Apply	Apply	Apply	Apply	Enquire now	Book a branch appointment

Types of transaction accounts

Easy Transaction Account
Access a broad range of ATMs nationwide

Bankwest Qantas Transaction Account
Earn Qantas Points

Hero Transaction Account
Earn interest on balances up to $5,000

Retirement Advantage Account
For those aged 55 and over

Offset Transaction Account
To pair with your eligible Bankwest home loan

FeeSaver Basic Account
Designed for everyday, basic banking.

Low fee bank account - Bankwest Easy Transaction Account

Qantas Points bank account - Bankwest Qantas Transaction Account

Our high interest bank account - Bankwest Hero Transaction Account

Retirement bank account - Bankwest Retirement Advantage Account

Online bank account - Bankwest Lite Direct Account

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Rates and fees

Variable interest rates

Not applicable

0.01% p.a.

0.75% p.a. on balances up to $5,000

0.05% p.a. on balances up to $1,999.99,
0.40% p.a. on balances of $2,000 up to $47,999.99 and
1.05% p.a. on balances of $48,000 or more.

Up to 100% offset available against your eligible Bankwest home loan.

Not applicable

Monthly maintenance fees

$0 Monthly maintenance fee

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

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

$10 monthly offset fee may be payable depending on the home loan you hold.

Overseas ATM withdrawal fees

$5 per transaction

$0 charged by Bankwest

$5 per transaction

Not applicable

Cheque withdrawal fees

Counter withdrawal fees

Foreign transaction fees

2.95% of the transaction amount

Not applicable

Features

Free ATM access

At over 10,000 major bank ATMs Australia wide

At all Bankwest and CommBank ATMs in Australia

Choice of six Debit Mastercard^® colours

Yes

Platinum Debit Mastercard option

Yes

No - debit card only

Cheque book access

Yes

Potential to earn points

Yes

Apply

Enquire now

Book a branch appointment

Easy Transaction Account Access a broad range of ATMs nationwide	Not applicable	$0 Monthly maintenance fee	$5 per transaction	$0	$0	2.95% of the transaction amount	At over 10,000 major bank ATMs Australia wide 7	Yes	Yes	Yes	No
Bankwest Qantas Transaction Account Earn Qantas Points 1	0.01% p.a.	$6 (waived when you deposit at least $2,000 per month)	$0 charged by Bankwest	$0	$0	2.95% of the transaction amount	At all Bankwest and CommBank ATMs in Australia	No	Yes	Yes	Yes
Hero Transaction Account Earn interest on balances up to $5,000	0.75% p.a. on balances up to $5,000	$6 (waived if you deposit at least $2,000 per month)	$5 per transaction	$0	$0	2.95% of the transaction amount	At all Bankwest and CommBank ATMs in Australia	Yes	Yes	Yes	No
Retirement Advantage Account For those aged 55 and over	0.05% p.a. on balances up to $1,999.99, 0.40% p.a. on balances of $2,000 up to $47,999.99 and 1.05% p.a. on balances of $48,000 or more. 2	$0	$5 per transaction	$0	$0	2.95% of the transaction amount	At all Bankwest and CommBank ATMs in Australia	Yes	Yes	Yes	No
Offset Transaction Account To pair with your eligible Bankwest home loan	Up to 100% offset available against your eligible Bankwest home loan. 3	$10 monthly offset fee may be payable depending on the home loan you hold. 4	$5 per transaction	$0	$0	2.95% of the transaction amount	At all Bankwest and CommBank ATMs in Australia	Yes	Yes	Yes	No
FeeSaver Basic Account Designed for everyday, basic banking.	Not applicable	$0	Not applicable	$0	$0	Not applicable	At all Bankwest and CommBank ATMs in Australia	No	No - debit card only	Yes	No

Easy Transaction Account
Access a broad range of ATMs nationwide

Not applicable

$0 Monthly maintenance fee

$5 per transaction

2.95% of the transaction amount

At over 10,000 major bank ATMs Australia wide

Yes

Bankwest Qantas Transaction Account
Earn Qantas Points

0.01% p.a.

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

$0 charged by Bankwest

2.95% of the transaction amount

At all Bankwest and CommBank ATMs in Australia

Yes

Hero Transaction Account
Earn interest on balances up to $5,000

0.75% p.a. on balances up to $5,000

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

$5 per transaction

2.95% of the transaction amount

At all Bankwest and CommBank ATMs in Australia

Yes

Retirement Advantage Account
For those aged 55 and over

0.05% p.a. on balances up to $1,999.99,
0.40% p.a. on balances of $2,000 up to $47,999.99 and
1.05% p.a. on balances of $48,000 or more.

$5 per transaction

2.95% of the transaction amount

At all Bankwest and CommBank ATMs in Australia

Yes

Offset Transaction Account
To pair with your eligible Bankwest home loan

Up to 100% offset available against your eligible Bankwest home loan.

$10 monthly offset fee may be payable depending on the home loan you hold.

$5 per transaction

2.95% of the transaction amount

At all Bankwest and CommBank ATMs in Australia

Yes

FeeSaver Basic Account
Designed for everyday, basic banking.

Not applicable

At all Bankwest and CommBank ATMs in Australia

No - debit card only

Yes

You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee usually applies. However, complimentary membership is available from Bankwest if you join at qantas.com/joinffbankwest. Membership and the earning and redemption of points are subject to the terms and conditions of the Qantas Frequent Flyer program. Qantas Points are earned on eligible purchases only and in accordance with and subject to the Bankwest Qantas Rewards Program Terms and Conditions (PDF).

Before 1 April 2020, you’ll earn 0.4 Qantas Points each day for every $100 of your account balance and 5 Qantas Points per eligible transaction. From 1 April 2020, you’ll earn 0.3 Qantas Points each day for every $100 of your account balance and 3 Qantas Points per eligible transaction.
Interest is calculated at the applicable rate on the portion of the balance which falls within each tier.
Offset Transaction Account not available with our Equaliser home loan or equity products and must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loan. Other exclusions apply.
No monthly offset fee applies to a Complete Package home loan, or Fixed Rate home loan, but a $12 loan maintenance fee applies to the Fixed Rate home loan.
The overseas bank may charge a fee for using their ATM. Other fees and charges, including foreign transaction fees, may apply.
Other fees and charges, including other bank ATM fees, overseas ATM access fees and foreign transaction fees may apply.
Includes ATMs branded Bankwest, CBA, NAB, ANZ, Westpac, St George Bank, Bank of Melbourne and BankSA.
To be eligible for Platinum Debit Mastercard a minimum of $4,000 must be deposited in the account each month.

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

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