
Get exclusive money-saving offers and guides
Straight to your inbox
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
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Bankwest Qantas Transaction Account |
---|---|
Monthly account fee | $6 |
Card access | Mastercard |
ATM Withdrawal Fee | $0 |
International ATM Fee | 2.95% |
International transaction fee | 2.95% |
Monthly deposit required to waive account fee | $2,000 |
Contactless Payments | Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
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 (capped at balances of $50,000). 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.
June 9, 2019
What payments are defined as business related expenses?
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
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)?
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
January 7, 2019
What is business related transactions mean?
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
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
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
February 26, 2017
Hello,
What is your commission and fees for currency exchange when the card is used overseas? Thank you
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