Bankwest Student Account

Bankwest Student Account

Fee Free Deposit

0

Account Keeping Fee

0.00

An account for students and apprentices that provides easy access to money with no monthly fees.

  • Get discounts from a range of brands like McDonalds, Hoyts and City Beach
  • $0 ATM fees at over 4,000 Bankwest and CommBank ATMs
  • $0 monthly fees

Product details

Important information

Bankwest Student Transaction Account is no longer available for new applications. Although the bank account cannot be applied for, the information on this page has been kept for the benefit of existing customers and for those who are interested. The Bankwest Easy Transaction account offers all the same benefits for students, take a look at the account here.

What are the features of the Bankwest Student Account?

This account is designed for students and apprentices. If you're not a student, take a look at the other accounts offered by Bankwest instead.

Linked Debit Mastercard with PayPass.

You can access funds in your account using a Debit Mastercard at ATMs and EFTPOS terminals, which is accepted at over 38 million locations worldwide. Mastercard PayPass lets you use your debit card to make contactless payments for purchases less than $100. All you have to do is look for the PayPass symbol.

Internet and phone banking available.

You can use your card details to make purchases and pay bills online and over the phone. If required, you can visit a Bankwest branch to make an over-the-counter withdrawal. You can also use this account for setting up direct debits.

Access unlimited fee free transactions.

You can use the linked Mastercard debit card for free at more than 4,000 Bankwest and CommBank ATMs across Australia. Using the debit card at EFTPOS terminals across Australia is free, provided you don’t use the credit button. Debit transfers and payments made using the bank’s online and phone banking platforms are also free.

Discounts for popular brands.

You can get discounts through Student Edge with brands including Apple Store for Education, Hoyts Cinema, City Beach Australia and McDonald's.

No account fees.

This account does not attract any ongoing account keeping fees.

Fees apply for counter withdrawals and international transactions.

Counter withdrawals attract $5 per transaction. If you use your card overseas you’ll have to pay a foreign transaction fee of 2.95%%. Using an overseas ATM will attract a $5 fee for every transaction.

Card security.

The debit Mastercard this account comes with uses an embedded microchip to protect your information. This technology offers considerably more protection against fraud when compared to cards that rely only on magnetic strips. When you use your card details to make online transactions, Mastercard SecureCode provides an added layer of security.

No minimum balance requirement.

This account does not have any minimum account opening or ongoing balance requirement.

Pros

  • Get discounts from a range of brands like McDonalds, Hoyts and City Beach
  • $0 ATM fees at over 4,000 Bankwest and CommBank ATMs
  • $0 monthly fees

Cons

  • Need to be over 15 years old

 

As this account has been discontinued, new customers are unable to apply for this account. The Bankwest Easy Transaction account offers all the same features and benefits for students, as well as no monthly account keeping fee. Take a look at the account here.

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2 Responses

  1. Default Gravatar
    GlennDecember 22, 2017

    Which is the best student savings account i.e. That attracts the best interest rate and has no fees or minimum deposit

    • finder Customer Care
      HaroldDecember 22, 2017Staff

      Hi Glenn,

      Thank you for your inquiry.

      While we cannot recommend what is best for you, we can offer you a general information. If you are still undecided you may want to check on the available options on this page.

      I hope this information has helped.

      Cheers,
      Harold

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