In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask a question
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Bankwest Easy Transaction Account

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Bankwest Easy Transaction Account

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$0

Our verdict

No monthly account keeping fees and no ATM fees at major bank ATMs Australia wide.

This account has no monthly account keeping fee and no ongoing deposit conditions to meet, and you can use your debit card to withdraw money from all Big Four bank ATMs in Australia for free.

If you’re planning to take the card overseas you'll be pleased to know there are no foreign ATM fees and no international transaction fees (but the ATM operator may charge a fee).

Something else that's unique about this account is that you can open up to 10 accounts which can be used for different purposes. For example one can be for bills, one for day-to-day spending, one for eating out and shopping. This strategy can help you manage your money so you’re not overspending in any one area.

Pros

  • $0 monthly account keeping fees
  • No international transaction fees
  • No overseas ATM fees (ATM operator may charge its own fee)
  • Range of contactless payment options available

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bankwest Easy Transaction Account
Monthly account fee $0
Card access Platinum Debit Mastercard
Own network ATM fee $0
International transaction fee 0%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

Minimum Age 11
Joint account availability Yes
Minimum opening deposit N/A
Residency status Customers are required to have a residential address in Australia (limited exceptions may apply)

Key features

Picture not described

$0 monthly account keeping fees

There's no monthly account keeping fees with this account, so you don't have to worry about pesky account fees eating into your balance.

Bankwest Platinum Debit Mastercard

You will be issued a free Bankwest Platinum Debit Mastercard with this account that can be used for purchases and withdrawals in Australia, online and overseas. The Platinum Debit Mastercard works wherever Mastercard is accepted, but uses the funds in your account for purchases.

This card is only available for customers aged 16 and over. Customers under 16 can get a standard debit card.

Comprehensive ATM network

Getting cash fast is easy and free when you use all major bank ATMs in Australia, such as the Commonwealth Bank, NAB, ANZ, Westpac, St.George Bank, Bank of Melbourne, BankSA and more.

Open up to 10 Easy Transaction accounts

You can open up to 10 Bankwest Easy Transaction accounts so you can split your money across the different accounts, making it easier to budget and manage your expenses.


How to apply

You can open an account by completing the application form on the bank's site. Existing customers can apply via the app.

Eligibility

You should ensure beforehand that you are able to meet the eligibility requirements:

  • Minimum age. An applicant must be 11 years old or older to apply for an account online. Customers aged 11 to 15 can apply for an account in branch.
  • Residency requirement.Customers are required to have a residential address in Australia (however, limited exceptions may apply).

FAQ

Your reviews

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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CS

January 17, 2024

How long – how many days – does Bankwest apply on, authorisation only holds?

On online payments, Eftpos machine transactions?

For this type of account, easy transactions?

Do I ring the bank to release the authorisation only hold?

Thank-you


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Jason Loewenthal Finder

February 09, 2024

Hi CS,


Your best option would be to call the bank to find out its policies.


I hope that helps.


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Lynne

November 30, 2023

Hi does the Bankwest Easy Transaction Account have overseas ATM or paywave fees?


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Jason Loewenthal Finder

December 12, 2023

Hi Lynne,


Bankwest doesn’t charge any international transaction fees or foreign ATM fees, but ATM operators overseas might charge their own fees.


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