Bank accounts

Looking to save on ATM fees? How about earn interest, Rewards points or Qantas Points? Choose a transaction account to suit you.

Benefits

Easy access to your money

Bank online, over the phone, in our stores or on the go with our Bankwest App.

Shop securely with Debit Mastercard®

Accepted at over 38 million Mastercard locations worldwide. Find out more. 1 Eligibility for Debit Mastercard depends on your age and residency status.

Number of locations worldwide sourced from The Nilson Report 2014, Issue 1036.
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Access Australia's largest bank ATM network

Over 4,000 Bankwest and CommBank branded ATMs nationwide. 2 Based on data sourced from 2016 ADI Points of Presence publication released by APRA (which includes Bankwest and CommBank ATMs) and the inclusion of Bankwest and CommBank branded ATMs at 7-Eleven stores. Close

Chance to win one of three Samsung Galaxy S8 edge devices

Open a Student Account with a Debit Mastercard® on or before 10 November 2017 or simply upgrade your debit card to a Debit Mastercard if you already have a Student Account, and make a minimum of 15 contactless transactions on your Debit Mastercard during the promotional period. Terms and conditions apply. 8

Our transaction accounts 

I'll use the account mainly to

Bankwest Qantas Transaction Account

  • Earn Qantas Points on your account balance and eligible purchases 4
  • No monthly maintenance fee when you deposit at least $2,000 a month

5

Qantas 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 Qantas Rewards Terms and Conditions. Close  

Retirement Advantage Account

  • Exclusively for those aged 55 and above
  • Earn interest on the balance 6 Rate earned varies depending on the account balance. Interest is calculated at the applicable rate on the portion of the balance which falls within each tier. Close
  • No minimum monthly deposit

$0

Monthly maintenance fees 

Hero Transaction Account

  • Earn interest on balances up to $5,000
  • No monthly maintenance fees when you deposit at least $2,000 per month

1.50 %
p.a.

Variable interest rate

Student Account

  • Get great deals and discounts from Student Edge
  • No minimum monthly deposit
  • No ATM fees at any Bankwest or CommBank ATM in Australia

$0

Monthly maintenance fees

Offset Transaction Account

  • Linked to your eligible Bankwest home loan, the Offset Transaction account can help you reduce the interest you pay on your home loan
  • Use it as an everyday account, with Debit Mastercard access

100%

100% offset available on variable home loans

Rewards Transaction Account

Rewards 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. Close

Lite Direct Account

  • Unlimited domestic online and electronic transactions for $3.99 a month
  • No minimum monthly balance needed
  • Debit Mastercard access

$0

ATM fees at Bankwest and CommBank ATMs in Australia

FeeSaver Basic Account

  • For customers who receive Government health or pension payments
  • No minimum monthly deposit required

$0

Monthly maintenance fees

Need help choosing a transaction account?

Speak with someone from the team today.

Things you should know

  1. Eligibility for Debit Mastercard depends on your age and residency status. Number of locations worldwide sourced from The Nilson Report 2014, Issue 1036.

  2. Based on data sourced from 2016 ADI Points of Presence publication released by APRA (which includes Bankwest and CommBank ATMs) and the inclusion of Bankwest and CommBank branded ATMs at 7- Eleven stores.

  3. Includes ATMs branded Bankwest, CBA, NAB, ANZ, Westpac, St George Bank, Bank of Melbourne and Bank of SA. Other fees and charges, including other bank ATM fees, overseas ATM access fees and foreign transaction fees may apply.

  4. 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 in accordance with and subject to the Bankwest Qantas Rewards Terms and Conditions. Qantas Points are earned on eligible purchases only, see Bankwest Qantas Rewards Program Terms & Conditions. You will earn 0.4 Qantas Points each day for every $100 of your account balance and 5 Qantas Points per eligible transaction.

  5. 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.

  6. Rate earned varies depending on the account balance. Interest is calculated at the applicable rate on the portion of the balance which falls within each tier.

  7. Offset account is not available with our Complete Equity, Equaliser and Seniors Equity Release home loans and must be held in the same name as the loan account. Other exclusions apply. Complete Fixed and Fixed Rate home loans have a maximum 40% offset facility available.
     
  8. Bankwest Student Competition: This competition commences at 12.00am WST on 1 August 2017 and closes at 11.59pm WST on 30 November 2017. Accounts must be opened by 10 November and contactless transactions completed by 30 November. The promoter of the competition is Bankwest, authorised under NSW TPL number LTPS/17/15843. The competition is open to residents of NSW, VIC, WA, SA and QLD only. There are three Samsung Galaxy S8 edge devices to be won valued at $1,199 each, total prize pool $3,597. Winners will be drawn on 6 December 2017 at 12.00pm WST (“Draw Date”) and winners will be announced online at bankwest.com.au on 22 December 2017. See full Terms and Conditions.

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

Terms and conditions apply to the use of Android Pay. Android Pay is a trademark of Google Inc.