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Bankwest Qantas Transaction Account

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New or existing Qantas frequent flyer members can add points to their Qantas account everyday of the year.

Earn Qantas Points for the money sitting in your account and for the purchases you make on the account – you earn Qantas points on practically everything with the Bankwest Qantas transaction account. Don't worry if you're not a Qantas frequent flyer member – if you sign up through Bankwest, it's free.

$2,000

Fee Free Deposit

$6

Account keeping fee

$0

ATM withdrawal fee

$0

Overseas ATM withdrawal fee

Details

Product NameBankwest Qantas Transaction Account
Monthly account fee$6
Card accessMastercard
ATM Withdrawal Fee$0
International transaction fee2.95%
Monthly deposit required to waive account fee$2,000

Expert review

Alison Banney

Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

If you’re collecting Qantas points this account could help you do just that. It acts like a standard everyday transaction account, but you’ll also earn Qantas points each time you make a purchase, and also when you withdraw cash from an overseas ATM. Just make sure you’re not overspending for the sake of collecting points.

You’ll also earn 0.3 points for each $100 you have in your account at the end of each month. Plus, you’ll get free membership to the Qantas Frequent Flyer program, which is usually $89 to join.

However, there is a $6 monthly account fee for this account unless you can deposit $2,000 a month. So if you can’t meet the monthly deposit condition, the money you pay in account fees could cancel out the benefit you’re getting in Qantas points.

Key features

Earning Qantas Points

3 Qantas points for eligible purchases

Every time you use your Debit Mastercard to make an eligible purchase, 3 Qantas points are added to your Qantas Frequent Flyer account.

Ineligible purchases include (but are not limited to): cheques, BPAY payments, cash-out transactions at merchants, interest charges, bank fees and charges, foreign exchange purchases, government charges, etc.

5 Qantas points for overseas ATM withdrawals

Withdrawals made from overseas ATMs will earn you 5 Qantas points. Note that foreign transactions may apply.

0.3 Qantas points per month per $100 in your bank account

For every $100 you have in your account, you will earn 0.3 Qantas points for that month.

What are some of the things I can redeem my Qantas Points for?

  • One way, return or multi destination flight rewards (you can also choose the Qantas points plus pay) option
  • Upgrading your flight reward seat to a premium cabin
  • Purchase a renew a Qantas Club membership

Free Qantas membership saving you up to $89.50

If you are not already participating in the Qantas Frequent Flyer program, Bankwest will provide you with a membership for free. If you already have a membership account, you can link it to your account during the application process.


How to apply

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

Eligibility

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.

FAQ

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18 Comments

  1. Default Gravatar
    Jan
    June 9, 2019

    What payments are defined as business related expenses?

    • Avatarfinder Customer Care
      Charisse
      June 10, 2019

      Hi Jan,

      Thanks for reaching out to Finder.

      As per Bankwest’s definition of terms, business related expenses means those purchases that are not made for personal, domestic or household purposes.

      I hope this helps.

      Cheers,
      Charisse

  2. Default Gravatar
    peter
    June 5, 2019

    Am I correct in assuming that proving I deposit at least $4000 per month into my account that I am eligible for a platinum card with no monthly fee regardless of what I use the card for (i.e. non eligible purchases)?

    • Default Gravatar
      Nikki
      June 6, 2019

      Hi Peter,

      Thanks for your inquiry!

      Yes, that is correct. To be able to maintain the Platinum status, you need to deposit at least $4,000 per month. You’ll get a 24/7 Platinum concierge service as well as Worldwide Purchase Security Protection and Extended Warranty.

      As for the NO MONTHLY FEE – you must be able to make monthly deposits totalling $2,000. If that obligation is not met by the last business day of the month, a $6 fee will be charged to the account on the first business day of the following month.

      Also, take note that eligible purchases are charged to the card excluding 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 of the card on their website.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    Fred
    January 7, 2019

    What is business related transactions mean?

    • Avatarfinder Customer Care
      John
      January 8, 2019

      Hi Fred,

      Thank you for reaching out to finder.

      Business Related Expenses means those purchases that are not made for personal, domestic or household purposes. Hope this helps!

      Cheers,
      Reggie

  4. Default Gravatar
    Jesse
    June 20, 2017

    If I use my card to pay standard bills like rent, power and general purchases like clothes or presents, do I accure points? Does that change if it’s a joint account? Thanks, Jesse

    • Default Gravatar
      Jonathan
      June 20, 2017

      Hi Jesse!

      Qantas Points are accrued on all eligible purchases made using your Card. Qantas Points are not accrued on:
      • cheques;
      • BPAY® payments;
      • cash-out transactions at any merchant;
      • payments from the Account made without your Card (eg payments to another bank account using the “pay anyone” function);
      • interest charges;
      • bank fees and charges;
      • transactions we decide are disputed due to being fraudulent or which involve an abuse of your Account or any Card;
      • foreign exchange purchases;
      • a withdrawal of cash at an ATM which is not processed by MasterCard® as a ‘cross border’ transaction;
      • travelers’ cheques;
      • all purchases for gaming or gambling transactions including gambling chip purchases and online gambling purchases;
      • Government charges (other than GST payable in connection with the purchase of goods or services on which you accrue Points);
      • Business Related Expenses; and
      • any other transactions which from time to time may be excluded by us.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    Ion
    February 26, 2017

    Hello,
    What is your commission and fees for currency exchange when the card is used overseas? Thank you

    • Avatarfinder Customer Care
      Dee
      February 27, 2017

      Hi Ion,

      Thanks for your question.

      Please note that we are finder.com.au, a financial comparison and information website that helps consumers make better decisions. We are not Bankwest.

      Nevertheless, when you use your card overseas to withdraw money, Bankwest will not charge you an overseas ATM withdrawal fee, but third party ATM operators in that country may.

      When you use your card to make purchases in other currencies other than AUD, a foreign transaction fee of 2.95% applies.

      Cheers,
      Anndy

  6. Default Gravatar
    Julian
    October 29, 2016

    Hi! What is considered as an eligible purchase? Thanks.

    • Avatarfinder Customer Care
      Jason
      October 29, 2016

      Hi Julian.

      Thank you for your inquiry.

      Eligible purchases are purchases made using your Bankwest Qantas card excluding, but not limited to, cheques, BPAY payments, cash-out transactions at merchants, interest charges, bank fees and charges, foreign exchange purchases, government charges, gaming or gambling transaction purchases, business related expenses, etc.

      You can contact Bankwest Customer Help Centre on 13 17 19 for more information.

      Cheers,
      Jason

  7. Default Gravatar
    Ross
    October 20, 2016

    I have a query re eligible purchases ie if I pay my rates etc online does that accrue points?

    • Avatarfinder Customer Care
      Clarizza
      October 21, 2016

      Hi Ross

      Thanks for your question.

      Do you mean interest rate charges? If so, this does not allow you to accrue points.

      Regards
      Clarizza

  8. Default Gravatar
    Dan
    October 23, 2015

    Hi there,

    Can you tell me if there is a limit to the number of points BW will pay on the balance. ie – If I deposited $1m, would I be entitles to 120,000 FFP each month in line with the advertised 12 points per $100 of AC balance?

    Thanks,

    Dan

    • Avatarfinder Customer Care
      Shirley
      October 23, 2015

      Hi Dan,

      Thanks for your question.

      There’s no limit to the number of points BW will pay on the balance.

      Please note Qantas Points accrue daily and whole Qantas Points are credited on the first business day of the next month. You receive 0.4 Qantas Points for every whole amount of $100 making up the daily balance at the end of each day.

      Cheers,
      Shirley

    • Default Gravatar
      Dave
      September 8, 2016

      Hi,

      Can I Please get clarity for Qantas points. If I have $50,000 in my account which will not decrease. Will I get 6000 point every month on the first business day of the next month?

    • Avatarfinder Customer Care
      May
      September 8, 2016

      Hi Dave,

      Thanks for your question.

      Yes, you are correct, you will receive 6000 Qantas points every month if will you maintain a balance of $50,000 in your Bankwest Qantas Transaction Account monthly. Qantas Points accumulate daily and the entire Qantas Points are credited on the first business day of the next month.

      Cheers,
      May

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