Bankwest Student Account

Bankwest Student Account

Fee Free Deposit


Account Keeping Fee


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

The Bankwest Student Account is designed specifically for students and apprentices. It gives you easy access to your money with a Debit Mastercard, and you don’t have to pay any account keeping fees.

Through Student Edge, account holders can get discounts on popular brands such as Apple Store for Education, Hoyts, Baskin Robbins and McDonald's.

Product Name
Bankwest Student Account
Monthly Account Fee
Debit Card Access
ATM Withdrawal Fee
Interest Rate p.a.
$0 ATM fees at over 4,000 Bankwest and CommBank ATMs, $0 monthly fees.
Fee Free Deposit p.m.
Overseas ATM Withdrawal Fee
Overseas Eftpos Fee
Phone Banking
Internet Banking

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.


  • 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


  • Need to be over 15 years old

How do I apply for the Bankwest Student Account?

You can apply for this account online or by visiting a Bankwest branch. Visit the Bankwest website to apply online, but be mindful of the eligibility requirements and the documentation you'll need handy.

Eligibility requirements:

  • Minimum age. You must be at least 15 years of age to apply online.
  • Residency requirements. You can get the Debit Mastercard only if you’re an Australian citizen or a temporary or permanent resident with an Australian residential address.
  • Other requirements. You can apply for this account as a full-time secondary student, a tertiary or TAFE student, an apprentice or a trainee.


Documentation needed:

  • Identification. Provide one form of primary ID with photo such as your driver’s license or photo. Alternatively, you can provide two forms of primary IDs without photos which can include a government benefits card and a birth certificate. You can also open this account by providing one form of primary ID without a photo and one form of secondary ID.
  • Tax file number. By providing your tax file number you don’t have to pay withholding tax on this account.
  • Other details. If you’re a tertiary or TAFE student over 17 years old you have to provide proof of enrollment. If you’re an apprentice or a trainee over 17 years old you’ll have to provide relevant documentation from an approved state based apprenticeship centre.


What happens next?

Once you apply you receive a confirmation email. If you provide all the required information the bank opens your account immediately. You should get your debit Mastercard in the following seven to 10 working days. If the bank needs you to complete an ID check you’ll have to visit a Bankwest branch or a participating Post Office. You can also send certified copies of your identification documents via regular mail.


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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

    • Staff
      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.


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