This was posted 7 years 10 months 29 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

      • Diji1 on 24/12/2016 - 18:52

        The AFF thread

        You guys are spending a helluva lot of time on Adult Friend Finder!

  • Jonova on 23/12/2016 - 17:31

    Not a deal, this is against the T&C's of the account and Bankwest will close down the account

  • [Deactivated] on 23/12/2016 - 17:48

    Good robot too: https://anonm.gr?6936.jpg

  • hotelcc on 23/12/2016 - 18:05

    I used to have this card back in the day - after pressing "split payment" for the 10th time at the Coles self check out I felt a little silly and gave up…

  • Baghern on 23/12/2016 - 18:23

    lets see 50 transaction x5

    250points… that's a gran total $1.50 in gift cards

  • prolo on 23/12/2016 - 18:28
    +1

    Not a deal.

  • samehada on 23/12/2016 - 18:39
    +1

    OP, why do you even dig up such an old trick which clearly is an abuse of the system. What's wrong with ppl with all the upvotes.

  • abc on 23/12/2016 - 18:40
    +1

    Splitting into 1c transactions is just greedy. OP got what he deserved.

  • daveozsydney on 23/12/2016 - 18:41
    +5

    I have three family members who had their accounts closed recently under clause 23.1 of their terms and conditions due to this activity as Bankwest audit this now. Bankwest deemed it was against the terms and conditions and the points have been forfeited. They also changed the terms and conditions to exclude these types of payments from generating points. Telstra also changed to a minimum $1 payment. This 'hack' is now dead and it's not a deal so I have downvoted it. Also posting a 'hack' like this means if it wasn't dead, it would be dead soon anyway so pretty stupid of the poster to share in a public forum if he/she wanted it to survive - make note for any future opportunities. You had to wait one month anyway for the points to post so plenty of time for BW to find out and shut it down. Maybe that's why it was posted only now after the 'hack has died.

  • daveozsydney on 23/12/2016 - 18:45
    +2

    Also forgot to mention there are easier ways of earning QF points like the current 100K Westpac deal.

  • scanuck on 23/12/2016 - 19:06

    Guys can anyone shed light on the 12 points per $100 in account? How is it calculated?

    • Chikki01 on 23/12/2016 - 19:14

      I'd like to know this too!

    • Neoika on 23/12/2016 - 19:30

      12pts/$100 as monthly interest.If you value 1c/pt,it is only 1.44% p.a.You get better interest rate in any saving account(over 2.5% p.a.).

      • scanuck on 23/12/2016 - 19:37

        Not if you only have to have it in there 1 day a month

        • forumninja on 23/12/2016 - 20:03
          +2

          Fineprint from account information page:

          You will earn 0.4 Qantas Points each day for every $100 of your account balance and 5 Qantas Points per eligible transaction.

        • strawberrybug on 23/12/2016 - 20:25

          @forumninja: anyone else able to see whether this is capped at a certain account balance? I wasn't able to spot anything in the T&C's

        • forumninja on 23/12/2016 - 21:01
          +4

          @strawberrybug: There's no cap for QF points earnt via balances specified in any T&Cs. If you're in the top tax bracket depending on situation it may be worthwhile to earn QF instead of $ for interest.

        • Muttley on 15/01/2017 - 10:03

          @forumninja:

          It's calculated daily. If you hold a balance around $40k for the month, you would earn 5k QFF points. Better than 0.1% interest.

        • illumination on 18/01/2017 - 18:39

          @Muttley:

          I know interest rates aren't exactly good right now but if you're only getting 0.1% (per month? That's still only 1.2% p.a.) that is atrocious and it's not hard to find a savings account with a higher rate.

  • jjayoen on 23/12/2016 - 21:10

    Not a good deal. More of a waste of time.

  • antler on 23/12/2016 - 21:27
    +1

    Not a deal. Thanks for ruining it for everyone who's trying to do the right thing.

    • Porco Rosso on 23/12/2016 - 21:49
      +1

      May I know how would this deal post "ruin it for everyone who was trying to do the right thing"? I'm guessing by right thing you meant using the account normally and not abusing it. If that is so, then there shouldn't be any problem getting the points. So I can't quite understand your comment or negative vote.

  • Porco Rosso on 23/12/2016 - 21:46
    +1

    Too many negative votes and maybe they are justified as the post suggests abusing the account to get more points. I've given it a plus because:
    1. I did not know about this account
    2. I use a normal transaction account for EFTPOS/Debit card which gives me no benefit at all, so now I'll switch to this account
    3. I do not intend to abuse it by making small transactions or making even 50 transactions a day. I intend to use it as my normal EFTPOS card (so probably 2-3 transactions a week) for places which do not accept CC or impose a surcharge (eg. Aldi)

    Thanks OP for sharing and I know you were trying to be nice as in trying to give back to the community. But maybe hacks that are system abuse shouldn't be so blatantly flaunted :)

  • Johnx on 23/12/2016 - 22:39
    +1

    Haha, never seen so many negative votes here. Go for it people, it must be still working if so many people are trying to protect it.

    • bargainshunter on 24/12/2016 - 10:36

      It's working, but BW is also working actively to close the offending accounts!

  • montorola on 23/12/2016 - 23:27
    +1

    I love controversial deals like this, thanks OP!

  • jimbobaus on 24/12/2016 - 02:35

    People are losing the qff accounts too
    Too big a risk

  • bargainshunter on 24/12/2016 - 10:35
    +2

    Bankwest are monitoring low value transactions so maybe start off with 5c transactions first.

    Seriously, do you really think 5c does not classify as low value transaction?

    Also, as per AFF links posted by others, BW is actively closing accounts and reversing QFF. If it was posted 2 years ago, then it's a good deal. Now is a waste of everyone's time and effort.

    • BargainKen on 24/12/2016 - 10:46

      agree i think this deal is just clickbait

  • centrelink on 24/12/2016 - 11:55

    What if I am an online seller and money goes into PayPal ? What if I transfer from PayPal to BankWest every time I get an online sale and I do it 100 times a day? Would they ban me because of that?

  • Youfah Mizzum on 24/12/2016 - 12:18
    +3

    Here's something scary - there is a poster on the austfreqflyer forums who not only got their BW account shut down, but also got their QFF account shut down & losing all points.

  • [Deactivated] on 24/12/2016 - 15:00

    Didn't someone do this ages ago and have it honored?

  • bargainchampion on 30/12/2016 - 11:27

    Not worth the hassle in my view.

  • illumination on 07/01/2017 - 02:15

    Damn check out that ominous warning ;)

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