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Bankwest Easy Transaction Account

Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Payment Ring
Interest rate
0% p.a.
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Mozo editorial review Bankwest Easy Transaction Account

Last updated: 4 May 2020.

binocular icon
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.

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Key features

Bankwest Easy Alerts is a feature on the Easy Transaction Account that 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 24/7 with Bankwest's online banking and phone banking services.

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. 

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 turns 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). 

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Who is it good for

The Bankwest Easy Transaction Account is designed for Aussies over the age of 11 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. 


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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. 

Details

Rates and fees information correct as at 6 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

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

  • $0.00

  • Bankwest, Commonwealth

  • $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%

Payment options

Apple Pay, Google Pay, PayID, Payment Ring

Customer Reviews

How are Bankwest bank accounts rated by the Mozo community?

Overall customer rating
8.0/10
Price
7.4/10
Features
6.9/10
Customer service
7.9/10
Convenience
7.9/10
Trust
7.9/10

Latest reviews of Bankwest Easy Transaction Account

  • Overall 7/10
    Bankwest used to be excellent, not so much now

    Bankwest used to be great. They had lots of branches in Victoria and ATMs in 7/11s. I've found their customer service has declined over time and they have closed most of their branches in the state. They also removed dedicated ATMs from 7/11.

    Read full review

    Bankwest used to be great. They had lots of branches in Victoria and ATMs in 7/11s. I've found their customer service has declined over time and they have closed most of their branches in the state. They also removed dedicated ATMs from 7/11.

    Price
    8/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    4/10
    Trust
    7/10
    Less
    Neil, Victoria reviewed 10 days ago
  • Overall 8/10
    I am quite happy with Bankwest.

    I have no problems with banking with Bankwest.

    Read full review

    I have no problems with banking with Bankwest.

    Price
    8/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Brian, Western Australia reviewed 10 days ago
  • Overall 6/10
    Bankwest are profiteering from delaying crisis pay

    Bankwest are holding back crisis payments by 3 to 5 days. When I questioned them, every time I rang I was patronised and told that "it's a back room thing." I am taking my mortgage elsewhere.

    Read full review

    Bankwest are holding back crisis payments by 3 to 5 days. When I questioned them, every time I rang I was patronised and told that "it's a back room thing." I am taking my mortgage elsewhere.

    Price
    6/10
    Features
    8/10
    Customer service
    5/10
    Convenience
    1/10
    Trust
    6/10
    Less
    Lee, Queensland reviewed 12 days ago
  • Overall 10/10
    Great customer service.

    They are very quick to understand when your account has been hacked and put a hold on it very quickly. Very helpful every time when calling and all situations where sorted out promptly!

    Read full review

    They are very quick to understand when your account has been hacked and put a hold on it very quickly. Very helpful every time when calling and all situations where sorted out promptly!

    Price
    -1/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Shona, Western Australia reviewed 13 days ago
  • Overall 10/10
    The best bank product I’ve ever used!

    Honestly my bank west everyday account is so easy to use - the app is incredible, I can have as many cards as I want and customer service is always above and beyond. Never leaving them!

    Read full review

    Honestly my bank west everyday account is so easy to use - the app is incredible, I can have as many cards as I want and customer service is always above and beyond. Never leaving them!

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Leah, New South Wales reviewed 18 days ago
Bankwest

About Bankwest

Bankwest is all about making your finances simple. 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, which has promised to retain the Bankwest brand. So if you like the sound of simple banking, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

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