This was posted 7 years 10 months 11 days ago, and might be an out-dated deal.

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[WARNING] Bankwest Qantas Transaction Account: $0* Fees, 5 Qantas FF Pts/Txn (50 Txn/Day), 12 Pts Per $100 in Account

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[WARNING] Bankwest Qantas Transaction Account: $0* Fees, 5 Qantas FF Pts/Txn (50 Txn/Day), 12 Pts Per $100 in Account
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LSalehunter on 23/12/2016 - 13:16 bankwest.com.au (1008 clicks)
Last edited 06/01/2017 - 14:24 by 2 other users

HI All,

$0 monthly maintenance fees when you deposit at least $2,000 per month (e.g. your salary)
Access Australia's largest bank ATM network# with no ATM fees at any Bankwest and CommBank ATM in Australia.

Long time viewer, first time poster.

I have been using this hack for sometime now to accumulate Qantas Points and thought it was time to share it.

Basically, Bankwest has a transaction account that gives 5 points to every TRANSACTION and thus isn't pegged to the dollar. The key is to make a lot of small transactions and Telstra used to allow 1 cent transactions (They've now increased it to $1).

You can spend all day paying the transactions manually or write a macro code to loop and run it for you.

Mod Warning

From Bankwest:

..this method of obtaining frequent flyer points is against the terms and conditions of the product and as such any user who attempts to gain points through this method will have their account frozen and/or closed down.

What you will need:

Conditions:

  • Bankwest (i think) only allows 50 transactions per day
  • Bankwest are monitoring low value transactions so maybe start off with 5c transactions first.

WARNING: Running scripts to game the system is WILL result in loss of points/suspension of account for violating terms of use.

Financial Bank Account Reward Points Transaction Account

Related Stores

Bankwest
Bankwest

closed Comments

  • samehada on 23/12/2016 - 13:19
    +14

    What do you think will happen when ppl start to abuse this? It has been this way for quite a while.

    • nuchalis on 23/12/2016 - 14:50
      +33

      Qantas will find some way to steal/devalue the points yet again: change the expiry date to 2 weeks, limit seats to standing in the toilet, make the minimum flight 3 billion points… lousy point-stealing jerks!

      • tghtarse on 28/12/2016 - 16:08
        +3

        limit seats to standing in the toilet

        LOL

      • vinsyd on 02/01/2017 - 18:00
        +1

        hahaha!

  • alwayslooking on 23/12/2016 - 13:19
    +8

    Plus just for the effort!!

  • HardQuiz on 23/12/2016 - 13:20

    How long to get a first class international reward ticket?

    Asking for a friend who's waiting at a bankwest branch to open an account

    • Wootwootwoot on 23/12/2016 - 13:29

      3 years?

    • twitch1979 on 23/12/2016 - 13:47
      +1

      5 point per transaction x 50 transactions per day = 250 x 365 days = 91,250.

      Melboure to Auckland one way in First is 54,000 points.

      • smpantsonfire on 23/12/2016 - 14:04

        so $912 per year? So need a $75+ per month phone bill. Seems great!

        • jdogg on 23/12/2016 - 15:33

          That's if you use telstra to pay, there are many other options that accept 1c transactions.
          Also, if you get your family members to open accounts then you can really multiply the points!

  • TheAviator on 23/12/2016 - 13:21
    +1

    Love your sharing Christmas spirit, but I would have kept this to myself ;-)

    • HardQuiz on 23/12/2016 - 13:22
      +11

      Keeping it to yourself is against the OzB code !

      Sharing is caring 👍🏻

      • illumination on 23/12/2016 - 13:44
        +9

        I can't blame TheAviator1992 for saying what he said.

        From the point of view of people who don't know, of course it's great for info like this to be shared, but as soon as something like this gets shared on a place like Ozbargain, it usually gets pulled pretty quickly.

        As the poster if he wanted to keep "abusing it", he should have kept it to himself.

    • TheAviator on 07/01/2017 - 23:30

      so turned out I was right!

  • Wootwootwoot on 23/12/2016 - 13:21

    Good hack.. too bad its only 250 pts / month = 2.5$ at best

    Edit: oops didnt see its per day… that shud add up quickly..

    • Salehunter on 23/12/2016 - 13:22
      +1

      It's 50 transactions PER DAY, not month.

    • Saitake12 on 23/12/2016 - 13:23

      No it's 250 points per day, which by your math is $750 a month.

    • WaywardOne on 23/12/2016 - 13:24

      "* Bankwest (i think) only allows 50 transactions per day"

      Should that be $2.50/day?

    • alchew on 23/12/2016 - 13:25

      It's 250pts/day isn't it?

      • attfiecz2 on 23/12/2016 - 13:41
        +2

        What's on first, who's on second.

        • cornucopia on 23/12/2016 - 14:18

          It's actually who's on first, what's on second .. I don't know .. third base .. :-) .. !!

  • Homr on 23/12/2016 - 13:25

    So if a month has 30days, you can do max 1500 transactions in a month which equates to 7500 points? (1500 * 5)

    Do this for the whole year will yield 90,000 points.

    • Foxtail on 23/12/2016 - 13:31

      We have 4 CC cards so get a lot more, some signups can be 100K FF points in one hit. I had one got 100K FF points no fee 1st year opted out at 11 months.

      • Wootwootwoot on 23/12/2016 - 13:53

        You credit rating take quite a hit from those signups

        • DryScissors on 23/12/2016 - 14:33

          Doesn't matter- if the computer rejects an application, you can always get it reviewed and approved.

        • GnarlyKnuckles on 24/12/2016 - 00:37
          -2

          'You credit rating take quite a hit from those signups'

          What are you on about? Your credit rating is only affected when you fail to pay up, i.e. default on your CC; cancelling a CC has zero effect whatsoever on your credit rating.

        • cairnsn on 24/12/2016 - 01:11
          +3

          @GnarlyKnuckles: Actually, each application for credit will appear on your credit report. If you have too many applications in a short period of time, then some lenders may think you have been unsuccessful with other lenders or that you churn too often and therefore not a very valuable customer to have.

        • jimbobaus on 24/12/2016 - 01:45
          +1

          @cairnsn:
          In fact since July 1 2016
          Every application on your credit file shows the outcome it also shows your current status of debt as of the time checked.

          Example
          Mr smith
          And credit card application
          Limit requested $6000
          Result: approved 23/12/2016

          Mr smith current
          bankwest
          Credit card
          $6000 limit
          $5675 owing as at 23/12/2016

          (the banks update every evening etc)

          When the new lending rules came in back in July this change was made so you can't lie about your financial status. This was due to the main change to the consumer credit code which changed lending regulations to solely be based on ability to repay where as previously they used some convuluted calculations that allowed your repayments to exceed your income.

        • haru on 04/01/2017 - 07:54

          @jimbobaus: Do you have a source?

  • Foxtail on 23/12/2016 - 13:28
    +1

    Where to?, think around 300/250K points for long haul, I do J bus class SYD/LAX/SYD for 192K.

    Gotta love Point Hacks so much info there, its come a long way from humble beginnings. I picked u some great tips there long ago on buying various US airline miles and saving a bundle.

  • spuderump on 23/12/2016 - 13:31

    This has been around for a few years now, has netted many points from this!

    Recommend

  • mobius on 23/12/2016 - 13:34

    Wait, the 1cent transactions on the everyday account are refunded? What am I actually charging to my bankwest account?

  • forumninja on 23/12/2016 - 13:35
    +11

    Accounts doing this have been reportedly closed by Bankwest. You might only get a couple of months worth of points before being shutdown.

    • illumination on 23/12/2016 - 13:38
      +7

      Can confirm.

      Source: Victim (or villain should I say?)

      • forumninja on 23/12/2016 - 13:45
        +22

        My hunch is OP got their account shut down and wanted to increase workload for Bankwest?

        • illumination on 23/12/2016 - 13:49
          +3

          Ooo.. interesting theory.

        • Neoika on 23/12/2016 - 13:58
          +3

          Agree,post this deal in order to close the deal(loophole) or force Bankwest to change its product.

    • FeZZa21 on 23/12/2016 - 14:06
      +4

      makes sense, banks don't make billions in profits each year with their pants down.

    • mmd on 23/12/2016 - 23:17
      +1

      If bankwest close the account, does that mean they'll zero off the mortgage too? :P

    • jimbobaus on 24/12/2016 - 01:47

      Yep. Can confirm friends Bankwest and QFF accounts were both closed for this very hack.

      • Muttley on 15/01/2017 - 09:51

        This is a transaction account, not a mortgage linked product.

  • potm on 23/12/2016 - 13:35
    +9

    Big thread on AFF about this. Been and gone pretty much. Was good going for a couple years until they shut down accounts a few months ago.

    • decryption on 23/12/2016 - 13:42
      +3

      Yup, can confirm that.

      • nightelves on 23/12/2016 - 13:56
        +2

        It's the famous decryption and his nab points hack

      • downhillmtbr on 24/12/2016 - 13:09

        How many points did you end up getting from that nab deal again?

  • thydzik on 23/12/2016 - 13:36

    thanks for sharing

  • tio on 23/12/2016 - 13:39
    +2

    There are reports in AFF forum that BW have been actively closing accounts that have this kind of activities going on. You can very well try, but I wouldn't expect the free ride to carry on for too long.

    http://www.australianfrequentflyer.com.au/community/current-…

  • Youfah Mizzum on 23/12/2016 - 13:40
    +7

    This has been going for a few years.
    Those who did this activity got their accounts shut down recently.
    As potm has mentioned, big thread on AFF.

    http://www.australianfrequentflyer.com.au/community/current-…

    BW are actively looking for this kind of activity & shut down accounts quick smart now.

    • FeZZa21 on 23/12/2016 - 14:08

      yes I'm sure BW have a macro of their own to detect such suss activity ;)

  • fishandchips on 23/12/2016 - 13:40
    -1

    LOL…And you thing Bankwest going to stay quite after all those 1cent transactions appear in your account….LOL LOL LOL LOL LOL LOL

    • michaelTito on 23/12/2016 - 15:10
      +3

      I don't thing they will stay quite LOL LOL LOL

    • A3Australia on 23/12/2016 - 15:44

      to stay quite

      To stay quite what?

      • muncan on 23/12/2016 - 18:41
        +6

        stay quite LOL LOL LOL

  • ronnknee on 23/12/2016 - 13:44
    +1

    Nek minute, either the points feature gets withdrawn or Telstra will implement payment fees (like Energy Australia had recently).

    • potm on 23/12/2016 - 13:46
      +4

      Telstra has already increased the min payment to $1

      • ronnknee on 23/12/2016 - 14:32

        Yea I know. Minimum payment is one thing, payment fee is another.

  • jasonb on 23/12/2016 - 13:50
    +9

    It was good while it lasted, but:

    1. Telstra have recently made back-end changes meaning you have to pay $1 minimum - nowhere near as lucrative for points harvesting.

    2. Bankwest will kill your account pronto. They have starting actively doing this a few months ago for people who were (ab)using this account (myself incuded…)

    In short, not worth the effort any more :-(

  • T-man on 23/12/2016 - 13:50

    I knew this for ages but not to share as the people will exploit it so badly.

  • OzBrogains on 23/12/2016 - 13:53
    -1

    Good. I hope any scum caught abusing this gets their entire QFF account banned.

    • D6C1 on 23/12/2016 - 14:15
      +1

      And points forfeited!

    • arcticmonkey on 23/12/2016 - 19:43
      -2

      Are banks scum too for the billions of dollars they make in profits while foreclosing houses and offshoring jobs?

      • OzBrogains on 23/12/2016 - 23:22

        Sure. Whatever lets you sleep at night buddy.

      • Diji1 on 24/12/2016 - 18:50

        Don't forget paying no tax.

  • President Trump on 23/12/2016 - 13:55
    +6

    This is a breach of the BankWest T&Cs and amounts to account abuse. People have tried this and been shutdown. Dumb post to try and promote a scheme that can't work.

  • lilkid28 on 23/12/2016 - 14:10
    -4

    This is against the TnC of Bankwest. Please remove this deal.

    • illumination on 23/12/2016 - 14:12
      +2

      Uh I think there are quite a number of deals here that are against T&Cs to be honest.

  • Mr RS on 23/12/2016 - 14:11
    +3

    Isn't it a pretty good deal getting 12 points for every $100 in your account? Or is there a limit to how many points you can accrue?

    • Muttley on 15/01/2017 - 09:54

      I hold my savings in this account and the QFF earnings are way better than 0.1% interest you get elsewhere.

  • Skramit on 23/12/2016 - 14:13
    +2

    Sorry but the time/effort spent vs reward is way too low on this hack for most people to bother.

    Yeah sure people might spend a month or two doing this every day but soon will be bored of doing it and you've racked up a couple of thousand points tops…

    It's also not in the spirit of the points per transaction bonus and it will get shut down for everyone. So I have to neg.

  • pyramid on 23/12/2016 - 14:15
    +1

    This should be moved to forum as its not a deal…

  • anna10 on 23/12/2016 - 14:17
    +5

    This should be removed on the grounds that it is way past it's use by date and an idiot deal.

  • Turd on 23/12/2016 - 14:22
    +2

    Lol L plater

    • Neoika on 23/12/2016 - 14:28
      +1

      Yeah,it looks like OP did not use his major account to post the deal.

  • jdogg on 23/12/2016 - 14:44

    Thanks OP will give it a crack

  • Skyring on 23/12/2016 - 14:45
    +2

    People following this advice should also be aware that Bankwest regards splitting transactions into many small amounts as grounds for termination. It is normal to pay a telephone bill in one hit, not a hundred times at a dollar a pop!

    Bankwest have a history of clawing back QANTAS points they regard as ill-gotten. Be warned!

    • jdogg on 23/12/2016 - 14:53

      But nothing to lose really I guess. If they take them back, they take them back.

      • jimbobaus on 24/12/2016 - 01:50

        Qantas have started shutting down QFF accounts too.
        Points are lost no matter how many u had.

        • jdogg on 25/12/2016 - 22:44

          Lol I am sure they are ;)

  • [Deactivated] on 23/12/2016 - 14:46

    You really shouldn't of shared this OP. They are going to fix it up now. Yes, I know OzB is about sharing bargains, but specifically with loopholes, once shared they are going to fix it and end it, so there really is no point to sharing stuff like this. It's better to keep it to yourself so you can continue to exploit it.

    • ProggerPete on 23/12/2016 - 15:06
      +1

      It's been 'fixed' for ages. They close the account of anyone that does this, myself included.

  • wninja on 23/12/2016 - 14:51
    -1

    Soooo much hate :(

  • Jaysful on 23/12/2016 - 15:00
    +2

    This doesn't sound very much like a deal. Hope no one gets into trouble or ruins it by triggering restrictions because people abused it.

  • Maxxjet on 23/12/2016 - 15:03

    So people really think bankWest doesn't know this ? Their operational risk people would have been slammed by auditiors x times already if that's truly the case. Yes, they do know. They can easily adopte the other banks'system as 1 $for 1 point system , they didn't. Look at the other end of specturm, there are people who spending $100s, $1000s but they only get as you transacted as 5c. No doubt the OP's way is on the abuse side, however, to 'close'the gap, they alos lose out on the bigger transctions

  • mskeggs on 23/12/2016 - 15:16
    +7

    Waiting now for next months outraged BANKWEST SCAMMED ME AND STOLE MY MONEY!!! posts in the forums.

  • sj2can on 23/12/2016 - 15:23
    +4

    Take care: This sort of abuse may get you unlisted (i.e banned) from BW. Whilst you may not see it as a biggie, in X years time that is one less mortgage provider you can use.

  • ihavecentsnotsense on 23/12/2016 - 15:33
    +2

    Bankwest have stated closing accounts where the account holder engages in points harvesting like this. What's more, it's going to get harder and harder to make smaller transactions if everyone does it. And it's not really a bargain because it's a lot of effort for (arguably) not much benefit.

    • [Deactivated] on 23/12/2016 - 17:26
      +1

      Says a current BW account holder.

  • Samsungnote10 on 23/12/2016 - 15:40

    Wouldn't 50 manual transactions like take two hours?
    It's a lot of work everyday

  • [Deactivated] on 23/12/2016 - 15:46

    How if you daily purchase, say $5 at woollies/coles and split pay 50 times with random amounts between 1c and 1 dollars? Shouldn't take more than 20 minutes but you may get excluded from the supermarkets.

    20 minutes => $2.5 that's half the checkout operators wages.

  • trunks on 23/12/2016 - 16:01
    +1

    It's kind of hypocritical isn't it to encourage customers to use their bank account more often by offering them FF points for each transaction but then punish them by closing their accounts for doing exactly that?

  • scar4ace on 23/12/2016 - 16:09
    +1

    Not worth. BW clamping down

  • points4life on 23/12/2016 - 16:16
    +7

    I got my BW account closed and points reversed. I'm also banned from banking with them in the future. This is not a deal and loophole has been closed for some time now.

  • D6C1 on 23/12/2016 - 16:18
    +6

    A mod should delete this s**t

  • noshopping on 23/12/2016 - 16:54
    +1

    LOL over at australianfrequentflyer forums, they are asking members to downvote this deal so their members can still abuse this feature. TBH, didn't care about getting another CC, but voted this deal just to piss them off. "ataraxis: I recommend we all down vote this idiot's post so that those who are still in action can be left in peace."

    • anna10 on 23/12/2016 - 17:00
      +1

      There's a few other comments too saying this is an idiot's deal…

  • powerhead on 23/12/2016 - 17:18
    +1

    not a deal, bankwest treats this as 'account abuse' and closes those accounts en-masse

  • [Deactivated] on 23/12/2016 - 17:24

    $900 per year is a lot. I'm in (despite some members trying to scare others so that they can feel safe abusing the system).

    If BW really want to clamp down on using the card to much they would have written it in their terms and conditions. Obviously if you run a script or such as the OP suggests then you may be disqualified, otherwise it should be perfectly fine to have 50 small transactions per day.

    +1 OP, applying now!

    • idjces on 23/12/2016 - 17:52

      The AFF thread started 6th April 2014, OP is only 2 years 8 months too late.

      There is some clause in the T and C's about splitting a transaction where a regular person would have otherwise paid in a single transaction.

      If you have 50 different merchants to visit, then sure, no problems.

      Look for the exploits of 'Rick93' splitting payments at coles self-checkout, and what unfolded

      http://www.australianfrequentflyer.com.au/community/current-…

      Perhaps OP should actually clarify this step

      "What you will need:

      Any account that will allow 1 cent transactions"

      Seeing as most places have already been abused en masse over the last 2 years, and since updated their systems

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