Some accounts have a minimum monthly deposit or balance in order for you to avoid a monthly maintenance fee. If you don’t meet these requirements each month, it might be worth switching to a different account.
When you choose to get your statements in online banking or the Bankwest App, instead of in the mail, you could save yourself a paper statement fee. Plus, it’s a handy way to see all your statements from the last five years in one place.
Find out how to switch to eStatements
Get push notifications to remind you when your credit card payment is due, if your bank account balance drops below a nominated amount, and more.
Just go to ‘Easy Alerts’ in the main menu of the Bankwest App to get started.
It sounds obvious but making sure you have enough funds in your account before you make a purchase can help you save on unnecessary fees.
When there aren’t enough funds in your account to withdraw a direct debit, we’ll review your existing relationship with us. If we honour the payment, we’ll charge an honour fee to recoup the costs of reviewing the transaction.
If we honour a transaction that leaves your account overdrawn by $1,000 or more, or for 10 days or more, we’ll charge a line of credit fee. The same fee applies for authorised overdrafts. The fee will vary - you can find more info in your account’s Product Disclosure Statement.
If you don’t have enough funds to cover a direct debit or cheque on your account, and we don’t honour the payment, we’ll charge a dishonour fee.
If debits to your credit card take you over your credit limit, we’ll charge a fee in each statement period.
Make sure you pay at least the minimum payment by the due date on your credit card statement to avoid a late fee.
Save on ATM fees when you use any of the 4,000 Bankwest or Commonwealth Bank ATMs across the country.