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Bankwest Easy Transaction Account

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

Mozo editorial review Bankwest Easy Transaction Account - last updated: 1 March 2021

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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. 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. This comes 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 29 September 2021. 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

$0.25

$0.25

$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

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