Bankwest Qantas Transaction Account

How do I apply for the Bankwest Qantas Transaction Account?

If after comparing this everyday account you find it has all the features you want, you can apply online.

Eligibility to apply online

Make a quick note of the following eligibility requirements first to ensure that your application will be accepted:

• Your age. Qantas Transaction account holders must be at least 18 years of age.

• Your residency. You must have a valid Australian residential address and be residing in Australia at the time of application.

• Your accounts. If you already have a Bankwest Qantas transaction account, even as a joint account, you may not apply for another one.

Documentation to apply online

Once you are ready to continue to the application, gather the following documentation to make filling it out easier:

• Your identification documents. You will be required to provide proof of your identity using a photograph id such as a driver’s licence or passport.

• Your account information. If you have existing accounts with Bankwest you may need to disclose those account numbers.

• Your Qantas account information. You must be a member of the Qantas Frequent Flyer program to open this transaction account. If you are not already, Bankwest has made arrangements for you to become a member for free.

What happens after I've submitted my application?

Completing the application online should take approximately five minutes, and once submitted you will receive an email from Bankwest confirming receipt. If all the necessary information is there, the account will be opened almost immediately and a debit Mastercard should reach you by mail within seven to ten business days.

If you are not already a Bankwest customer, you might be asked to complete an identity check online, or at one of their branches.

• 
  I have seen this account recommended as a good debit card for travelling. I am travelling for a year next year and need a card that has minimal fees for ATMs in overseas locations. I cannot seem to find information on this website as to whether this account charges overseas ATM fees or conversion fees. Would you be able to let me know if it does?
  
  
  
  
  
  

  The overseas fee is listed under the heading ‘What fees and charges are payable on this account?’ above, but includes is a charge on foreign transactions. You might want to take a look at this page and this page to learn more about your travel money options for your trip.

• 
  Can periodic transfers earn points to other banks?
  
  
  
  
  
  

  Payments from the account made without your card (e.g. payments to another bank account) are not eligible for points.

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  What do they mean by eligible purchases?
  
  
  
  
  
  

  Eligible purchases exclude: cheques, BPAY, cash out transactions, interest charges, bank fees and charges, foreign exchange, government charges, business expenses, etc. For a full list, please refer to the Product Disclosure Statement available.

• 
  Is it correct that there is no Internet Banking with this account? I was sold on moving to Bank West until I saw this. Please confirm.
  
  
  
  
  
  

  This account gives you 24/7 access to your funds through online, mobile and phone banking.

• 
  If I spend $1,000 using this card at a grocery store does that mean I earn 5000 points? and if so are the amount of points earned capped?
  
  
  
  
  
  

  You earn 5 Qantas Points per eligible purchase completed with the linked debit Mastercard (at the time of writing), please note its not per dollar spent.

• 
  If I open an account they wish to add my partner later: Is that possible? What information would I need to provide? And how much does the extra card cost?
  
  
  
  
  
  

  You can add your partner to your account later but keep in mind they wouldn’t be classified as a joint account holder, and therefore wouldn’t be able to close the account. You would be able to get them an extra debit card, which doesn’t come with an extra charge, and you’d need them to go into a Bankwest branch and supply their driver’s licence for identification if they’re not already a Bankwest member.

• 
  For the $2,000 deposit every month, if I withdraw the money out after it’s been deposited, would the account fee of $6 be charged?
  
  
  
  
  
  

  No the fee won’t be charged if you withdraw the money. The fee is waived as long as you deposit at least $2,000 per month.

• 
  In regards to the 5 Qantas points per eligible transaction is there a limit on the value of the transaction? Could you do 100 $1 transactions and receive 500 points?
  
  
  
  
  
  

  There’s no limit on the value of the transactions. You could do 100 $1 transactions and receive 500 points. However, there are some transactions that are excluded (like foreign exchange, etc.). Please check the PDS for more details.

• 
  Hello, I would like to open a Qantas transaction account for my husband and I, we would both like our own cards but can we have it so all the points will accumulate onto the one frequent flyer account?
  
  
  
  
  
  

  Unfortunately you can only have one name on a Qantas frequent flyer membership; you could both sign up for an account and get a membership each, and then use the family transfer. However, this would act as a single account rather than a joint account.