Bankwest Easy Transaction Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $0
Our verdict
No monthly account keeping fees and no ATM fees at major bank ATMs Australia wide.
This account has no monthly account keeping fee and no ongoing deposit conditions to meet, and you can use your debit card to withdraw money from all Big Four bank ATMs in Australia for free.
If you’re planning to take the card overseas you'll be pleased to know there are no foreign ATM fees and no international transaction fees (but the ATM operator may charge a fee).
Something else that's unique about this account is that you can open up to 10 accounts which can be used for different purposes. For example one can be for bills, one for day-to-day spending, one for eating out and shopping. This strategy can help you manage your money so you’re not overspending in any one area.
Pros
-
$0 monthly account keeping fees
-
No international transaction fees
-
No overseas ATM fees (ATM operator may charge its own fee)
-
Range of contactless payment options available
Details
Key details
| Product Name | Bankwest Easy Transaction Account |
| Monthly account fee | $0 |
| Card access | Platinum Debit Mastercard |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $0 |
| International transaction fee | 0% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
Eligibility
| Minimum Age | 11 |
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
| Residency status | Customers are required to have a residential address in Australia (limited exceptions may apply) |
Key features
$0 monthly account keeping fees
There's no monthly account keeping fees with this account, so you don't have to worry about pesky account fees eating into your balance.
Bankwest Platinum Debit Mastercard
You will be issued a free Bankwest Platinum Debit Mastercard with this account that can be used for purchases and withdrawals in Australia, online and overseas. The Platinum Debit Mastercard works wherever Mastercard is accepted, but uses the funds in your account for purchases.
This card is only available for customers aged 16 and over. Customers under 16 can get a standard debit card.
Comprehensive ATM network
Getting cash fast is easy and free when you use all major bank ATMs in Australia, such as the Commonwealth Bank, NAB, ANZ, Westpac, St.George Bank, Bank of Melbourne, BankSA and more.
Open up to 10 Easy Transaction accounts
You can open up to 10 Bankwest Easy Transaction accounts so you can split your money across the different accounts, making it easier to budget and manage your expenses.
"I have this account mostly for travel / overseas purchases because I closed my 28 Degrees credit card after the Latitude financial data breach. It used to be better value when using other banks' ATMs for free was a big draw, but since they all do that now it's a bit less 'shiny'. No foreign transaction fee and no monthly fees make it a pretty decent account to have."
FAQ
Your reviews
Alison Finder
Editor
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Jason Loewenthal Finder
February 09, 2024
Hi CS,
Your best option would be to call the bank to find out its policies.
I hope that helps.
Lynne
November 30, 2023
Hi does the Bankwest Easy Transaction Account have overseas ATM or paywave fees?
Jason Loewenthal Finder
December 12, 2023
Hi Lynne,
Bankwest doesn’t charge any international transaction fees or foreign ATM fees, but ATM operators overseas might charge their own fees.
CS
January 17, 2024
How long – how many days – does Bankwest apply on, authorisation only holds?
On online payments, Eftpos machine transactions?
For this type of account, easy transactions?
Do I ring the bank to release the authorisation only hold?
Thank-you