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Bankwest Business High Interest Transaction Account

Shirley Liu
Shirley Liu
Last updated:  

Get the benefits of a business transaction account while also earning interest in your balance.

The Bankwest Business High Interest Transaction Account is dual business transaction account and high interest savings account. This high interest transaction account allows you to consolidate your business banking so you earn interest and make payments from the one account.

$10

Account keeping fee

$0.2

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

2.95%

Overseas transaction fee

of transaction value

Details

Product NameBankwest Business High Interest Transaction Account - DISCONTINUED
Monthly account fee$10
Card accessMastercard
ATM Withdrawal Fee$0.20
Internatonal ATM Fee$5
International transaction fee2.95%
Monthly deposit required to waive account feeN/A

Expert review

Shirley Liu

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This everyday account is designed for your day-to-day business spending and money management. As well as having easy access to your business funds whenever you need it with a linked debit card, it also pays a small amount of interest on your balance, which isn’t very common for a business transaction account.

You have the option of adding a line of credit or overdraft facility (subject to the usual eligibility criteria) which can help with cash flow. You can also link your bank feeds to your accounting software like Xero or MYOB to help manage your business transactions and spending.

There is a $10 monthly account fee with this account, however this is fairly common with business transaction accounts.

Key features

Two functions, one account

The Bankwest Business High Interest Transaction Account gives you the benefits of a high interest savings account and a business transaction account rolled into one. Earn a competitive rate of interest on your business account balance, make payments and manage your accounting from the Bankwest online banking facility.

Interest

Bankwest rewards you with 0.05% p.a. interest on your business account balance. There is no monthly deposit or minimum balance requirement. Interest is paid monthly to the Bankwest Business High Interest Transaction Account.

How to apply

You can start an online application for the Bankwest Business High Interest Transaction Account by visiting Bankwest website.

Eligibility

You're eligible to apply for this account if you're over the age of 18 and you're authorised to open a business account on behalf of your business. The application takes less than 15 minutes to complete. Bankwest require some basic contact information to complete the application:

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