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Bankwest Easy Transaction Account

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Payment Ring
Interest rate
0% p.a.

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 3 December 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
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 6/10
    Not reliable security wise.

    I used to like this bank, their customer service is great but my account has been hacked over three times I’ve had to re-open an account.

    Read full review

    I used to like this bank, their customer service is great but my account has been hacked over three times I’ve had to re-open an account.

    Price
    4/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    4/10
    Less
    Amy, Western Australia reviewed 1 day ago
  • Overall 10/10
    Bankwest have been great.

    Only issue I've ever had was with overseas transactions when I was travelling, I made a complaint and they got back to me within minutes and it was solved.

    Read full review

    Only issue I've ever had was with overseas transactions when I was travelling, I made a complaint and they got back to me within minutes and it was solved.

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mathew, Western Australia reviewed 1 day ago
  • Overall 7/10
    App needs improving.

    Sometimes the app plays up and is buggy, which sucks when you want to transfer money at crucial times.

    Read full review

    Sometimes the app plays up and is buggy, which sucks when you want to transfer money at crucial times.

    Price
    9/10
    Features
    7/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    7/10
    Less
    Sufee, Western Australia reviewed 2 days ago
  • Overall 8/10
    Good bank.

    Easy options of banking and low / no interest accounts.

    Read full review

    Easy options of banking and low / no interest accounts.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Jade, Western Australia reviewed about 1 month ago
  • Overall 8/10
    Good bank

    Can't fault them. Never had an issue with fees and customer service has always been excellent.

    Read full review

    Can't fault them. Never had an issue with fees and customer service has always been excellent.

    Price
    8/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Jaimie, Western Australia reviewed about 2 months 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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