Bankwest Easy Transaction Account

$0.00

Apple Pay, Google Pay, PayID, Payment Ring

0% p.a.

Bankwest Easy Transaction Account

$0.00

Apple Pay, Google Pay, PayID, Payment Ring

0% p.a.

Mozo Review   Bankwest Easy Transaction Account Review

Last updated: 21 January 2020.

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. 

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). 

Who it's 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. 


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 31 March 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 10/10
    Great respect for them.

    I've been with CommBank for 21 years and have a great reputation with them. They are as good now as they were 21 years ago.

    Read full review

    I've been with CommBank for 21 years and have a great reputation with them. They are as good now as they were 21 years ago.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Wayne, Western Australia reviewed 6 days ago
  • Overall 0/10
    I would never recommend BankWest ever.

    Absolutely the worst bank as the customer service is poor. Non bank ATM fees of $2 are never refunded even when the ATM does not function.

    Read full review

    Absolutely the worst bank as the customer service is poor. Non bank ATM fees of $2 are never refunded even when the ATM does not function.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    1/10
    Less
    Anne, New South Wales reviewed 8 days ago
  • Overall 10/10
    Great.

    They're great to do my banking with. I've been banking with them my entire life!

    Read full review

    They're great to do my banking with. I've been banking with them my entire life!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Robyn, Western Australia reviewed 26 days ago
  • Overall 9/10
    Competitive interest and easy to join.

    It is very easy to join either on the phone or on the internet. They have higher and competitive interest rates compared to the 'big 4' and as im in central australia, they are open longer which makes it easy for me to get in touch with them.

    Read full review

    It is very easy to join either on the phone or on the internet. They have higher and competitive interest rates compared to the 'big 4' and as im in central australia, they are open longer which makes it easy for me to get in touch with them.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Samantha, South Australia reviewed 28 days ago
  • Overall 9/10
    Great product.

    Great bank, great product.

    Read full review

    Great bank, great product.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Louis, Western Australia reviewed about 1 month 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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