Open an Easy Transaction Account, Make 5 Eligible Debit Card Purchases & Get $25 Cashback, Per 30 Days for 60 Days @ Bankwest

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Open an Easy Transaction Account, Make 5 Eligible Debit Card Purchases & Get $25 Cashback, Per 30 Days for 60 Days @ Bankwest
Go to Deal
egglings on 27/10/2024 - 09:25 bankwest.com.au (1058 clicks)
Last edited 28/10/2024 - 15:31 by 2 other users

Earn up to $50 cashback promotional offer is available when a new Bankwest Easy Transaction Account is opened via https://www.bankwest.com.au/personal/bank-and-save/lp/cashba… between 15 October 2024 and 6 December 2024 by 6:00pm AWST and the below conditions are met:

  1. Open your account - Open a new Easy Transaction Account online in minutes.

  2. Make your purchases - Make 10 settled and eligible purchases (5 in your first 30 days, and 5 in your second 30 days) using your linked Platinum Debit Mastercard®.

  3. Get your cashback - All done. You'll receive two $25 payments once you’ve made your eligible and settled purchases.

Limited time offer, not available to customers who currently hold or have held an existing Bankwest transaction account in the past 12 months. Cashback payments will be paid 30 days from the end of the qualifying 30-day period.

What are eligible purchases?
Eligible purchases are purchases made with your linked Bankwest Platinum Debit Mastercard but exclude:

  • cash withdrawals
  • cash-out transactions at any merchant
  • payments and transfers from the Account (for example, BPAY, Internal Transfers, Pay Anybody and Faster Payments)
  • direct debits
  • gaming, lottery or gambling transactions
  • purchases/transactions that are subsequently refunded to the account
  • fraudulent transactions.

What are settled purchases?
Settled purchases are transactions that have been finalised by the merchant and posted to your statement. ‘Authorisation Only’ transactions are not fully processed and are considered as pending transactions. The date the transaction settles may differ from the day the purchase/transaction was performed.

T&Cs -

  • Customers must not have held (either in your own name or jointly) any ‘Bankwest Transaction Account’ in the previous 12 month period from the date of account opening. In the case of joint accounts, all account owners must meet this condition to be considered eligible for the promotion.

  • To earn $25 cashback for each 30-day period commencing from the Account Open Date, for 2 consecutive periods, you need to make 5 ‘settled’ (fully processed and not pending) ‘eligible purchases’ for each 30-day period. For example, if the Account was opened on 24 October 2024, the following periods would apply: 24/10/24 – 22/11/24 and 23/11/24 – 22/12/24 in which the customer will need to make 5 settled purchases for each 30-day period. A maximum of $50 cashback is payable, i.e. $25 for each 30-day period.

The cashback payment will be credited to the Easy Transaction Account within 30 days from the end of the qualifying 30-day period, providing the Bankwest Easy Transaction Account is still open at the time of crediting.

You will be ineligible for any cashback payment if your account is closed or reopened, switched to another Bankwest Transaction or Savings Account or the account is considered not to be in ‘good standing’ at any time prior to the cashback being credited to your account.

Financial Bank Account Cashback Debit Card MasterCard Transaction Account

Related Stores

Bankwest
Bankwest

Comments

  • movieman on 27/10/2024 - 09:36
    +1

    Looks ok.

    Not great, but not terrible.

  • mallard19 on 27/10/2024 - 09:39

    you have typo in your link - "andsave"

    • BatmanAU on 27/10/2024 - 09:50
      -4

      You started a sentence without a capital ”Y”

      • ldd-mn on 27/10/2024 - 10:58
        +5

        You're missing a full stop at the end of your sentence.

  • Gogetter2023 on 27/10/2024 - 09:58

    What's the minimum age?

    • jv on 27/10/2024 - 11:04
      -8

      Why?

      • timhn on 27/10/2024 - 13:11

        They may like to open for their underaged children.

        @Gogetter2023, most banks in Australia allowed 14 and over to open on their own (can be vary by banks). Otherwise, need parents/ guardian open for them.

        • jv on 27/10/2024 - 14:41
          -4

          So they can get an account regardless of age then.

    • Paul B on 27/10/2024 - 13:47

      … You can apply online if you're 16 years or over. If you're 11-15 years, you'll need to give us a call on 13 17 19

        • dongltron on 29/10/2024 - 20:48

          why are you getting negged this is genuinely just funny

          • jv on 29/10/2024 - 21:13

            @dongltron: There are a lot of unemployed, ex-bank tellers on OzBargain…

  • firestint on 27/10/2024 - 10:02
    +4

    Just be more careful with Bankwest. Refer to this comment.

    If you're going for this deal, try making transactions at different places with varying amount.

    • bdl on 27/10/2024 - 10:26
      +6

      Hah, I was just going to post to this. Beware of Bankwest, they take a subjective view of their T&Cs.

      I was using the card at cafes for coffee, Maccas as well as the afterpay transactions and when enquiring re: the promotion they said I was committing fraud (seriously!). Other people on australianfrequentflyer.com.au using the card for similar transactions did receive the promotion so it's very much a case of who you get answering your support tickets if you do lodge an enquiry.

      Even though owned by Commbank, the Commbank Yello promotions are at least honoured.

      • brotherfranciz on 27/10/2024 - 11:16
        +1

        Hmm, reading the comments on there, I think some people were splitting their transactions e.g. buying two items at the same place at the same time but in two separate transactions.

        I'm guessing that is what the bank claims as a 'fraudulent transaction'.

        Anyway, sounds like there is an easy way around it - just go to a different shop for each item e.g. coffee at one cafe, croissant at the next cafe…

        • bdl on 27/10/2024 - 11:27
          +2

          Exactly what I did. I never bought two items at same place at same time, nor did I split transactions at the same shop or process 1c transactions.

          Main problem is that Bankwest is bending the T&Cs to suit themselves rather than applying them equally to all participants.

          • bohn on 27/10/2024 - 12:10

            @bdl: did you just do the minimum amount of transactions and that's it?
            I mean, that's all you are required to do, if they want you do use it more, they should make the minimum transactions 30 or some bullshit heh

            • bdl on 27/10/2024 - 13:14
              +5

              @bohn: I think the minimum was 10 (?) and i did 12-15 just when I went to get daily coffees. Didn't use my HSBC 2% cashback for those purchases just to get the transaction count up.

              Yeah, I agree, if they're trying to offset the cost of the promotion to themselves they should just set a hard limit of say, minimum 10 (or 30) transactions $5 or more - rather than just subjectively apply T&Cs.

              Ended up cancelling all my accounts with them and won't sign up for any new promotions so I suppose they got what they want.

              I don't mind if Ozbargainers want to take advantage of the promotion however just wanted to make sure people knew what they could possibly in for.

              I never took advantage of the Qantas transaction account points loophole in the past, either.

              • bohn on 27/10/2024 - 13:50
                +4

                @bdl: You should have taken them to AFCA and made them pay it out ;)

                • bdl on 27/10/2024 - 19:34

                  @bohn: I wanted to, but was very unwell at the time so the last thing I needed was to deal with shitty bank customer service :)

              • ozilicious on 27/10/2024 - 14:02

                @bdl: Thanks for the caution. I'm planning on doing this but never used them before.
                Is there anything else I should be careful of? Like fees/charges/fine print?

                I read that it's free to open, and there are no ongoing fees even with $0 balance.

                • bdl on 27/10/2024 - 19:33
                  +1

                  @ozilicious: The only thing was a pain for me was identity verification - needed to go to the post office to do the manual form because the electronic version didn't work.

      • capslock janitor on 27/10/2024 - 14:48

        how was the complaint

    • HeyJes on 27/10/2024 - 10:47
      +1

      Thanks. After reading your comment and bdl’s, I think $50 is not worth the time.

  • 777 on 27/10/2024 - 10:18

    So, it is only for 2 months not ongoing.. that's how I read it

    • bdl on 27/10/2024 - 11:16
      +1

      yes, correct.

    • CyberMurning on 27/10/2024 - 13:53

      if ongoing they will go bankrupt in 6 months

      • Windows7forever on 27/10/2024 - 14:26

        Lol true

        • 777 on 27/10/2024 - 15:16

          Remember good old ING days?
          Using HSBC currently cash back works with Google pay as well as I don't carry physical cards

          • CVonC on 27/10/2024 - 17:59

            @777: You should for Aldi if paying by HSBC

            • Ave Maria on 10/11/2024 - 17:58

              @CVonC: Why? used both the card & google pay wallet using smart phone at Aldi, both work and never paid a card surcharge.

              • CVonC on 12/11/2024 - 00:02

                @Ave Maria: If I use Google Pay with HSBC it charges 0.5% for me but yes you still get the cashback. If I tap with my physical HSBC card I don't get charged the 0.5%.

                • Ave Maria on 12/11/2024 - 22:32

                  @CVonC: That is not my experience as the payment goes through as an EFPOS transaction. I use the Wallet app by the way and not Google Pay that has been deprecated since June 2024.

  • ilovefullprice on 27/10/2024 - 10:20

    What’s the monthly account fee for the Easy Transaction Account?

  • nightelves on 27/10/2024 - 11:02
    +1

    Have been told by Bankwest that I have been blacklisted and can’t get any of their products.

    • bdl on 27/10/2024 - 11:15

      wow, how? when you went through the application process?

      • nightelves on 27/10/2024 - 11:21
        +3

        When I completed the application process and didn’t hear back for a week about my account. Called up and ask what’s the hold up and they told me.

        • neoleo on 27/10/2024 - 11:40

          Not good customer service …
          Unless if you were their customer in the past or other problem.

    • lilkid28 on 27/10/2024 - 11:48
      +4

      Is it because of the Qantas transaction account from few years back? ;)

  • neoleo on 27/10/2024 - 11:19
    +1

    "Bankwest Platinum Debit Mastercard"
    What's good about getting "Platinum" debit since every customer can get this card? Just marketing, I think.

    I don't mind with the 10 settled transactions within 2 months. Not bad for just one more bank account for differentiation. Recently I got $50 from Westpac within 18 days after my first small deposit. Not too bad, even though they got internet banking problems for few days, lol.

    I have ING bank account that I have for a while, but I didn't get the bank bonus for new customer because of Ozb's expired referral link, they said lol. Instead I got $100 from "salary" deposit promotion recently (sent money in, then moved it after the bonus). Better than nothing.

    I have St. George bank account also because of $50 bank bonus.

    The recent Westpac problem should be a good reminder for everyone to have more than 1 bank account. At least several problems with other banks had happened in the past too. Keeping some cash is also good for backup or for discounted cash transactions in certain stores and restaurants.

    • Neoika on 28/10/2024 - 08:12

      Heritage Bank offers a bonus on new account as well.

      • neoleo on 28/10/2024 - 08:13
        +1

        Yes, we can still register next month because everyone will receive it later …

  • tl2923 on 27/10/2024 - 12:07
    +1

    always find complaints about the service of bankwest

  • bonezAU on 27/10/2024 - 12:17

    Does Bankwest still have a maximum limit on PayID/Osko transfers of $1000 capped at $5000 per day? Meaning if you need to move $4k via PayID, you have to do 4x $1000 transfers?

    I left them years ago when they refused to increase it (like ING, who have now finally increased it).

    I was with them for many years but they got really frustrating to deal with in the end so I closed my account about 3-4 years ago, my main bank is now Macquarie and they're awesome.

    • ultracheapweeabookun on 27/10/2024 - 17:58

      Bankwest have a maximum limit on PayID/Osko transfers of $5000 capped at $5000 per day

      • bonezAU on 27/10/2024 - 22:00

        Thanks, that's still pretty pathetic tbh. Not sure what CBA have but the likes of NAB, Macquarie, UBank and most likely others all have much higher limits.

  • CyberMurning on 27/10/2024 - 12:35

    hmm tempted.. just make sure dont make 5x in the same place.
    does online purchases counts? or like buy something linked to paypal ?

  • ozBForLife on 27/10/2024 - 12:42

    need better interest rates for savings

  • Frozensage on 27/10/2024 - 12:45
    -1

    Ppl forget the bank is a business and if they deem u the person as not profitable for them more than happy to cut u off. By blacklisting u they are making more profit.

    • neoleo on 27/10/2024 - 13:58

      When more people say something bad about the bank, that's not good for the bank. More people won't be customers that otherwise could be great customers and more profits.

      Money sit idle in the bank? The bank can use people's money to give loan/credit to other people or invest etc.

      More card transactions mean more profits for MasterCard from fee …

  • simplerick on 27/10/2024 - 14:04

    Signed up, installed the mobile app. I want to add the card to Google Wallet however unable to do so, anyone else?

    Google Pay wants me to call the bank to verify, guess need to wait until Monday.

    • ultracheapweeabookun on 27/10/2024 - 17:44

      yep thats with all cards from bankwest. not optional you have to call them but weekends usually work as they are 24/7 they have to compensate with every branch being closed

    • Stacks on 27/10/2024 - 18:05

      Never had an issue here? Just adds to wallet and good to go

  • badmedicine on 27/10/2024 - 14:43

    Tried to apply and not eligible, possibly because I had a bankwest credit card years ago?

  • capslock janitor on 27/10/2024 - 15:13

    at some point i was considering a bw cc https://www.ozbargain.com.au/comment/12187435/redir

  • Sgav89 on 27/10/2024 - 18:14

    This doesn't seem to make it worth it, did everyone get this, or just me?

    We've got your application. There's just one more thing we need to check before we can open your account.

    Verify your identity in person
    So that we can finalise your application, you'll need to visit a participating Australia Post location to verify your identity in person in the next 14 days.

    You'll need to attend with a completed Identity Verification form. Remember to include your application number XXXX and bring with you the required ID listed on the form.

    • CyberMurning on 27/10/2024 - 18:30
      +1

      Not everyone. I guess you are special…

      • Sgav89 on 27/10/2024 - 19:22

        Ah I realise now, recently moved locations, so I suspect my address didn't line up neatly. Rookie mistake by me.

    • bdl on 27/10/2024 - 19:36

      Yes, had it a few times in the past with Bankwest with transaction and credit card accounts.Their electronic ID verification never worked for me.

    • timhn on 27/10/2024 - 20:01

      You're not alone

  • ozbargainerlife1 on 27/10/2024 - 20:39

    wants to verify ID in person.. why!!!!!!!

    • CyberMurning on 27/10/2024 - 21:02

      Because they know you will just grab that 50 and run…

    • neoleo on 28/10/2024 - 08:14
      +1

      Know Your Customer … What's stopping Scammers from using someone else's ID? Photo in ID doesn't match with real person?

      • Sgav89 on 28/10/2024 - 17:42
        -1

        This doesn't make sense, why would it do KYC for some, but not others?? Think about it

        • CyberMurning on 28/10/2024 - 18:50
          -1

          Duh… they do kyc on everyone no exception… but some need to visit post office to get certified… some no need…but its still kyc…

  • georgedn on 28/10/2024 - 07:49

    Anyone know if the fx conversion they use is good on these for spending overseas?

    • firestint on 29/10/2024 - 15:30
      +1

      They just follow Mastercard exchange rate, calculator can be found here.

  • max99 on 28/10/2024 - 08:24

    Pretty easy signup process for me, everything went smoothly. Account set up and running, with money deposited from my Up account and digital Bankwest card added to Apple Wallet. Ready to make first transaction in less than 30 minutes from start of application.

    Easy $50 IMO! Thanks OP

    • bohn on 28/10/2024 - 08:33

      wait, you've the $50 already?

      or this this like one of those amazon orders '5/5 will review once again after I get the package'

      • max99 on 28/10/2024 - 08:58

        Haha yeah guilty, 5/5 haven’t received the money yet, will update when I do! :P

        Still need to make the 5 transactions in each period and actually have the $25 x 2 paid out by Bankwest, but the whole account set up process went without issue for me, whereas it sounds like some others had issues with having to verify their ID in person.

        • bohn on 28/10/2024 - 09:10

          try doing just the bare minimum to see if they shaft you ;)

          • max99 on 28/10/2024 - 10:24

            @bohn: That’s the plan hahaha

  • Ryk on 28/10/2024 - 17:14
    +1

    TIL $50 for new accounts is cheaper than running a branch network, apparently.

  • dongltron on 29/10/2024 - 20:53
    -1

    Anybody ways to get around the 'new customer' clause? Hasn't been 12 months since I left them behind yet…

    • bohn on 03/11/2024 - 09:10
      +1

      yeah, wait until 12mths

  • movieman on 03/11/2024 - 18:21

    Thanks OP.

    Signed up.

    Actually looks like a good spare card when travelling overseas.

    • CyberMurning on 04/11/2024 - 10:12

      travelling overseas.
      why is that? no fees for intl transactions? free atm overseas fee like ING?

      • movieman on 04/11/2024 - 10:45
        +1

        Appears to have no fees for international transactions, and no atms fees by Bankwest.

        Will still be paying the overseas atm operator fees though.

        Always good to have another spare card for travelling…

        • CyberMurning on 04/11/2024 - 12:33

          cheers.
          i have ing and macq, usually i will use ing first 5x to get money from ATM (zero fees) then switch to macq (operator fee, same as bankwest)

          • movieman on 04/11/2024 - 18:40

            @CyberMurning: From my reading, MasterCard has much better rates (ever so slightly, but it adds up).

            So I prioritise Up bank, and use ING only as a backup nowadays.

            (ING appears to be visa).

            • CyberMurning on 04/11/2024 - 18:51

              @movieman: Ah up. I dont have it. Does it give free atm withdrawal and refund foreign operators fee like ing? We get 5x from ing sometimes not enough for 2-3 weeks trip

              • movieman on 04/11/2024 - 18:52

                @CyberMurning: Unfortunately ING has stopped refunding foreign operator atm fees OVERSEAS (they still refund 5 X per month within Australia).

                Hence why I'm keen to move on…

                No atm fees. And much better than ING!

                • CyberMurning on 04/11/2024 - 18:59

                  @movieman: Eh really stop? I must hve been lucky to pick atm without fee on my recent trip.
                  Edit just checked they rebate $5 exactly per atm withdrawal so must be something else

                  • movieman on 04/11/2024 - 19:49

                    @CyberMurning: Yes.

                    ING charges $5 per atm withdrawal, and rebates the $5 for the first 5 X withdrawals.

                    So better off getting a MasterCard debit card for a slightly better rate. And use ING for backup only.

                    At least that's what we did in Africa 3 months ago.

  • Herbs on 04/11/2024 - 10:09
    +1

    Sign up has been a PIA for me. Firstly ID in person. Then delays opening the account, had to contact customer service 3 times. It's been over a week since application…not worth the hassle for $50. Rubbish customer service.
    On the otherhand I also signed up to ubank, used their app and done in 10 minutes!

  • payless69 on 04/11/2024 - 14:01

    Signed up in under 1 minute

    Waited a full week to see the deposit! Go figure!

  • Neoika on 05/11/2024 - 08:14

    After a few days, I got an email saying the offer with clear two periods for spending. In other words, if you do not receive it, you probably haven't signed up via the special link.

    • Ave Maria on 10/11/2024 - 18:11

      I messaged them to make sure I am enrolled as I did not use the "special" link. They replied as below

      "You are automatically enrolled when opening the account during the promotional period. You would need to meet the cashback offer requirements to get the promotional offer: https://www.bankwest.com.au/personal/bank-and-save/lp/cashba… ".

      ING has an equaly bad record of miss-informing and (not) honouring special promotions. I will wait for the 60 days to elapse & then follow up if I do not get any of the 2x$25 payments. I actually opened a transaction account as I wanted to use their 4 month savings account promo rate, and then realised they where running a promotion on the transaction account. So I am a legit customer, not just for the free $50 (but why not get it if everyone else does) -:)

      • Neoika on 10/11/2024 - 19:32

        The link in the reply is the one. If one just log on to Bankwest and apply through the normal process, I don't think the cashback offer will apply. Actually, there seems no way to find the special link on its own website, i.e. accesssible via a third party only.

        This email is not instant and titled "Cashback offer on your Easy Transaction Account" in which steps are with clear dates. Give three business days for it to arrive.

        • Ave Maria on 10/11/2024 - 22:37
          +1

          Well, I checked with BankWest again and they assured me that as I opened the account during the promotional period I qualify. Not 100% sure that is the case, but I will hold them up to what they told me twice already -:). I will wait for the 30 days to elapse and contact them again. I did not receive the email you mentioned and the account was opened on the 3rd of November.

          • Herbs on 26/11/2024 - 19:34

            @Ave Maria: I didn't use the link when I opened the account either, checked with their online chat, they said I would be eligible too. Have recorded the chat. Might open the saver next month as well.

            • Ave Maria on 26/11/2024 - 22:27

              @Herbs: Thanks for letting me know.

              I opened an account on the 3rd Nov, received a letter for the card PIN on 22nd Nov (dated 19th Nov) and not yet received a debit card.

              I called them after 3 weeks, and they asked me to wait another week before asking for a new one to be ordered !!!!!!

              5-10 Business days is what they state it takes to receive the card. Perhaps mine is a special delivery from the North Pole -:)

              I used the card details for 5 x Online Transactions so I did at least meet the additional criteria despite not receiving the physical card.

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