Bankwest Offset Transaction Account
The Bankwest Offset Transaction Account, when linked to an eligible Bankwest home loan, provides an interest offset facility and unlimited access to Bankwest services, including CommBank ATMs, Phone Banking and Online Banking.
Fees
| Fee | Type | Amount |
|---|---|---|
| Overseas ATM Fee No Bankwest-charged overseas ATM access fees. The overseas bank may charge a fee for using their ATM. | Transaction | $0.00 |
| Foreign Transaction Fee No foreign transaction fees. | Transaction | $0.00 |
| Offset Fee Charged monthly · A monthly offset fee will be charged to the account on the first business day of each month, and is charged on each account open. The amount that will charge will depend on the home loan that this facility is linked to and will be stated on the loan contract. If the Offset is linked to a Home Loan that is part of the Complete Home Loan Package, then the Offset Fee is waived.
| Ongoing | $10.00 |
| Search Handling Fee For completion of any search conducted by the Bank (per search) | Event | $40.00 |
| Cheque Stop Payment $15 fee to stop payment on an issued cheque. This fee is $25 when payment is stopped on a range of cheques. | Event | $15.00 – $25.00 |
Features
- Card access — Platinum Debit Mastercard
- Have easy access to your money with a Platinum Debit Mastercard with no foreign transaction fees and no overseas ATM fees.
- Card access — Virtual Cards
- You may be able to create a single-use or multi-use virtual card to make purchases without using your regular card details.
- Additional cards — up to 2
- You can have a maximum of two cards linked to an account.
- You can bank over the phone.
- Bill payment (BPAY) — BPAY
- You can use BPAY to quickly and easily pay your bills online.
- Bill payment (BPAY) — Direct Debit
- You can set up direct debits.
Eligibility
- Minimum age — 18 yearsYou must be 18 years or older.
- Individuals onlyThe Bankwest Offset Transaction Account is an account for personal customers who are 18 years or older, and for any application submitted on or after 4 May 2026 are not acting in the capacity of a trustee of any trust.
- Customers with an existing eligible Home Loan can open a single or joint Offset account via the mobile app and the account is in the same name(s) as the borrower(s) on the home loan. If you open the account as part of your home loan application or over the phone, the maximum number of account holders on this account is limited to the number of account holders of the linked home loan. Additional eligibility criteria apply to joint accounts.
- You may only open a Bankwest Offset Transaction Account if, at the time of opening the account, you request that it be linked to an eligible Bankwest home loan where: the Bankwest home loan has been disbursed; or a home loan application has been made but the home loan has not yet been disbursed. Additional eligibility criteria apply to joint accounts.
- There is a limit of nine offset accounts that can be linked to one eligible loan account, whether as a single or joint account holder. — 9
- Residency status — Australian citizen or Australian permanent residentBe an Australian citizen or Australian permanent resident. (Limited exceptions may apply subject to conditions.)
Constraints
- Opening balance — $0.00No minimum deposit required to open the account.
More Information
Published by Bankwest under the Consumer Data Right · Last updated 16 July 2026 · Product ID 31de797c85b94a709de741c8b253dc17 · View on CDR.gov.au