Learn about the Bankwest Qantas Transaction Account in this review to help you decide whether this is the card for you.

TickQantas points earned on your account
TickNo monthly fee when you deposit at least $2000 per month
TickNo ATM fees at any Bankwest or Commonwealth in Australia
TickNo overseas ATM fees at any ATM 

Westpac Qantas Account

Learn More

 

Pros & Cons

 

Pros Cons
Check Mark No monthly fees when you deposit $2000 monthly Cross $10 daily overdrawn fee
Check MarkNo ATM or overseas fees charged by Bankwest Cross  $20 charge for international bank transfers
Check MarkReceive free Qanatas Frequent Flyer membership and earn points Cross  $10 closure fee

 

 

Benefits of the Bankwest Qantas Transaction Account

Bankwest Qantas Review

 Manage your money

  • Bankwest Easy Alerts to help you keep on top of your money
  • Manage your funds easily online or via mobile banking

 

 Security

  • Chip and PIN
  • No Loss Security Guarantee when you use the Bankwest App and Online banking

 

Mastercard Icon Convenience

  • 24/7 access to your money via online and mobile banking

 

Savings Savings

  • Free member fee for Bankwest account holders for the Qantas Frequest Flyer membership
  • Earn points from money sitting in your account and purchases made
  • NO overseas ATM fees charged by Bankwest
  • 0.01% interest earned (p.a.)

 

Qantas Points

  • 5 Qantas Points per eligible purchase PLUS
  • 12 Qantas Points per month per $100 balance in your account PLUS
  • 5 Qantas Points every time you withdraw cash from an overseas ATM
  • You will earn 0.4 Qantas Points each day for every $100 of your account balance

 

Transaction Limits

 

ATM Withdrawal Limit (24 hours)

Minimum: $20 or $50 (depending on the ATM). 
Maximum: $1,000 (daily)

 

EFTPOS Transaction Limit (24 hours)

The maximum aggregate amount that can be withdrawn daily from agents that provide withdrawal services and when making purchases from EFTPOS merchants using a card and PIN is the maximum daily transaction limit. 

 

  • Unlimited free domestic transactions from network ATMs, EFTPOS, cheque, counter withdrawals, phone, internet and Debit MasterCard purchases
  • No minimum opening balance

 

Fees

All prices are in AUD

Monthly service* Overseas withdrawal fees Foreign currency conversion
None None (charged by Bankwest)
  • 1% of AUD amount ($8 minimum amount)
  • $7.50 (foreign currency converted back to AUD)
Foreign Transaction Fee International transfer Periodical payments between Bankwest accounts
2.95% of the AUD transaction amount
  • $20 (plus $15 cable costs fee)
  • 2.95% of the AUD transaction amount
Up to $4.80
Unclaimed monies Overdrawn fee Closure of account
$25
(for each account closed)

$10 daily

$10 (free when in-store)

 

*Fees waivered for customers that deposit at least $2,000 each month (other fees apply) otherwise a $6 monthly fee applies

 

Case Study

Mike is from Melbourne and has a wife and three kids. Although the kids are not yet old enough to go on big holidays abroad, Mike wanted to find a way to be able to afford it when they are a little older. 

Mike found out about the Bankwest Qantas Transaction Account through a friend, who recommended he try it due to the ability to earn Qantas Frequent Flyer points. Mike wasn’t too good at keeping track of all his little spenditure, so loved the Bankwest Easy Alerts which helped him keep on top of his money. 

Mike didn’t want a pre-paid currency card but instead something a bit more permanent but with all the overseas benefits too. This is exactly what he got, and now Mike travels abroad with no ATM fees, and also knowing that with every purchase he’s saving for that big family holiday abroad!

 

 

 

How To Apply for the Bankwest Qantas Transaction Account

 

 

Bankwest Logo

Bankwest Qantas Account

Check Mark Open your Bankwest Qantas Transaction account online or in branch

Visit Bankwest        Learn More


 

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