Bankwest Easy Transaction Account

$0.00

Bankwest, ANZ, Commonwealth, NAB, Westpac, St.George, BankSA, Bank of Melbourne

Debit Mastercard

Bankwest Easy Transaction Account Review

Rates and fees information correct as at 21 January 2019.

Review published: 27 April 2015

What's hot:

  • No ongoing fees

  • Deposit $4000 per month to be eligible for Platinum Debit MasterCard

What's not:

  • $5 overseas ATM fee

Mozo snapshot:

The Bankwest Easy Transaction Account has earned its name, with no monthly maintenance fee and no domestic electronic, cheque, phone or over the counter fees (withdrawal and deposit). Plus, you can avoid pesky ATM fees at over 10,000 major bank ATMs Australia wide within the Bankwest, Commonwealth, Westpac, NAB and ANZ networks.

Key features:

Bankwest Easy Alerts is a new feature on the Easy Transaction Account and helps you keep on top of your everyday banking by providing updates on your personal transaction and saving accounts.

With the Easy Transaction Account you'll pay no monthly maintenance fee, and there's no opening deposit or minimum balance required. And no matter the time or day, you can access your cash with 24 hour/7 days a week Bankwest online banking and phone banking.

Not only will you have great ATM access in Australia within the Bankwest, Commonwealth, ANZ, Westpac, NAB, St.George, Bank of Melbourne and Bank SA networks but you'll also be able to use your card wherever Mastercard is accepted around the globe with its Debit Mastercard. Speaking of Mastercard, the Easy Transaction Account lets you "tap and go" at the check out with Mastercard for purchases under $100.

If you're a big earner and deposit $4,000 a month you'll be eligible for the Platinum Debit Mastercard with exclusive benefits, including a complimentary concierge service, purchase security, extended warranty and dining, retail and entertainment privileges. Ah the high life!

Remember, just like most transaction accounts in Australia, there's no interest rate and the Easy Transaction Account has a $1,000 a day ATM withdrawal limit (or $2,000 at Bankwest and CBA ATMs). So if you're planning on splurging, plan ahead! 

If you happen to lose your card, the good news is you can put a temporary lock on it through the app, until it shows up. But keep in mind, if you lose it for good and need a replacement, there is a $15 debit card replacement fee (free if your card is stolen). 

Who it's good for:

The Bankwest Easy Transaction Account is designed for Aussies over the age of 11 years of age, who are looking for a debit card with a large ATM network in Australia. It's also ideal for those who prefer banking face to face, with fee free withdrawal and deposits over the counter. 


Any catches?

Jet-setters beware, the Easy Transaction Account is not the card for big overseas spending with a hefty $5 overseas ATM withdrawal fee and a 2.95% foreign exchange fee on top of that. So if you're looking for a travel friendly money card, search the market here.

How are Bankwest bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.0

Based on 974
Bankwest bank accounts reviews

7.4 6.9 7.9 7.9 7.8

Read Bankwest bank account reviews by the Mozo community

Latest reviews of Bankwest Easy Transaction Account

Bankwest

Bankwest Easy Transaction Account bank account review

Overall rating   3 / 10

Banks do not care anymore

The bank is okay. I am not impressed by any bank. I would rather go back to jam tins. Banks don't care anymore. They only look after themselves and their share holders, not the customers. I lost my home to the bank and they did not help me when I...

Full review

The bank is okay. I am not impressed by any bank. I would rather go back to jam tins. Banks don't care anymore. They only look after themselves and their share holders, not the customers. I lost my home to the bank and they did not help me when I needed it most. I wanted to refinance once I had paid off my arrears and they refused stating that they would make it their business to take my home.

    Price   3 / 10

    Features   2 / 10

    Customer service   6 / 10

    Convenience   1 / 10

    Trust   3 / 10

Less

Constance, Western Australia, reviewed about 1 month ago

Bankwest

Bankwest Easy Transaction Account bank account review

Overall rating   8 / 10

Excellent online banking service

Bankwest is a good bank with friendly and accomodating staff who always do their best to meet your needs. They keep a close watch on transactions and immediately notify you if anything suspicious is going on. They have twice had to cancel my debit...

Full review

Bankwest is a good bank with friendly and accomodating staff who always do their best to meet your needs. They keep a close watch on transactions and immediately notify you if anything suspicious is going on. They have twice had to cancel my debit and credit card in the last 3 months because of charges which I did not originate - these were transactions they picked up for me. I am very happy with Bankwest.

    Price   7 / 10

    Features   0 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Chris, Western Australia, reviewed about 1 month ago

Bankwest

Bankwest Easy Transaction Account bank account review

Overall rating   9 / 10

Been with Bankwest for 30 years, still happy

Bankwest has always been good. The app is good and its easy to update accounts in the app.

Full review

Bankwest has always been good. The app is good and its easy to update accounts in the app.

    Price   9 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

James, Western Australia, reviewed about 2 months ago

Bankwest

Bankwest Easy Transaction Account bank account review

Overall rating   9 / 10

10/10

Extremely helpful when you don't know how to use online banking.

Full review

Extremely helpful when you don't know how to use online banking.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Talia, Western Australia, reviewed about 2 months ago

Bankwest

Bankwest Easy Transaction Account bank account review

Overall rating   10 / 10

No fees for life

I have a no account keeping fees at all on my bank account for the rest of my life. No fees whatsoever. No deposit/withdrawal or over the counter fees. What could be better than this?

Full review

I have a no account keeping fees at all on my bank account for the rest of my life. No fees whatsoever. No deposit/withdrawal or over the counter fees. What could be better than this?

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Marietta, Western Australia, reviewed about 2 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • n/a

Fees

  • $0.00

  • none

  • Unlimited domestic transactions from network ATMs, EFTPOS, cheque and counter withdrawals

  • $0.00

  • Bankwest, ANZ, Commonwealth, NAB, Westpac, St.George, BankSA, Bank of Melbourne

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 2.95%

  • $0.00 monthly

Other financial bits

  • $0.00

  • $0.00

Features

  • $1,000.00

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • *Other fees and charges including overseas ATM access fees and foreign transactions fees may apply.

  • Deposit $4000 per month to be eligible for Platinum Debit MasterCard with exclusive benefits.

Atm card

  • none

  • none

  • none

Debit card

  • $5.00

  • $0.00

  • 2.95%

About Bankwest

Bankwest is the bank best known for Making Banking Easier, an initiative which aims to make banking a more positive experience. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, who have promised to retain the Bankwest brand. So if you like the sound of Making Banking Easier, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

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