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10000 BONUS QANTAS POINTS for Opening a BankWest Qantas Transaction Acct

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10000 BONUS QANTAS POINTS for Opening a BankWest Qantas Transaction Acct
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MelbBargainChaser77 on 07/04/2014 - 05:55 bankwest.com.au (3600 clicks)
Last edited 05/09/2014 - 01:08 by 2 other users

Just came across this. Im already a BankWest customer, so this seems appealing to me, just 3 months of diverting my wages to this account for a free serve of 10k points.

Now you can earn Qantas Points on your everyday banking

Earn Qantas Points on money sitting in your account and by making eligible purchases with your Debit MasterCard®.

Earn 10,000 bonus Qantas Points, hurry limited time only!^
Open a Bankwest Qantas Transaction Account before 31 May 2014 and deposit at least $2,000 per month (your salary ought to do it) for the first 3 months to be eligible. New Bankwest transaction account holders only.

What’s more, you get…
$0 monthly account fees when you deposit at least $2,000 per month (e.g. your salary)
free access to Bankwest and CommBank ATMs, Australia largest bank ATM network
no overseas ATM withdrawal fees (charged by Bankwest)**

Financial Bank Account Frequent Flyer Qantas Frequent Flyer Reward Points Transaction Account

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Bankwest

closed Comments

      • Peck on 10/04/2014 - 17:58
        +1

        All offers received by email should be activated (whether you think that you will use it or not) EG Woolworths and Coles. You just never know!

  • txb on 07/04/2014 - 12:59
    +1

    5 Qantas Points per eligible purchase completed with your Debit MasterCard

    How can one rort this?

    • parcus on 07/04/2014 - 13:36

      Pretty easy one would think.

      Though I'm worried about-
      Qantas Points are not accrued on:
      - transactions we decide are disputed due
      to being fraudulent or which involve an
      abuse of your Account or any Card;
      - any other transactions which from time
      to time may be excluded by us.

    • RockyRaccoon on 07/04/2014 - 16:53
      +4

      Make hundreds of $1 transactions

    • MelbBargainChaser77 on 07/04/2014 - 20:09
      +3

      go to self serve checkout at safeway, chose multipay option, then process 1c transactions…you could be there all day doing this. 5pointa per 1c transaction possibly means 200 1c transactions for a 2lt Woolies milk??!!

      If this method works, that in itself is 1000 Qantas points for a 2lt milk. And probably 315 kilometres of register receipt!

      • RocketSwitch on 21/05/2014 - 13:58

        Haha, anyone tried this?

  • webtherapist on 07/04/2014 - 13:26
    +1

    if you apply the option to deposit $4000 per month, you have more benefits too, such as extended 12 month warranty, insurance for theft or loss of your purchase etc, the Platinum one I think

    • Gorodemon on 07/04/2014 - 13:50

      Yeah, I chose this option. I'm curious of what's gonna happen if you can't deposit the minimum amount ($4000/month).

      • webtherapist on 07/04/2014 - 14:27
        +1

        I don't know either but I will just put $1000 per week and withdraw then re-deposit throughout the month till 5 months (until I get the $50, Q points for Woolworths gift card) then see if I should keep up with it

        • txb on 07/04/2014 - 14:44
          +8

          Hi We B The Rapist,

          Make it a scheduled transfer for ease!

        • miq on 07/04/2014 - 15:16
          +1

          LOLOLOLOLOL

        • RockyRaccoon on 07/04/2014 - 16:55

          I think you will find transfers dont count, according to the PDS

        • Kenb0 on 07/04/2014 - 17:11

          What it says in the PDS is "A deposit, for these purposes, does not include interest earned on any account which you have requested to be deposited to this account or any amount swept from another account to this account by Bankwest in accordance with the terms of that other account."

          What exactly does "amount swept from another account to this account" mean?? Regardless, they have this same statement in the PDS for the Bankwest Zero transaction account, and I can personally verify that just transferring the amount in from another Bankwest account counts, as that's what I've been doing for the past few months.

  • Repstar on 08/04/2014 - 12:09
    +2

    So its going to cost us $10 (to close the account) in order to earn 10000 Qantas frequent flyer points?

    Does that sum it up in a nut shell?

    • jackofspade on 08/04/2014 - 12:30
      +1

      Free if you close at a branch.

  • ggmm2013123 on 08/04/2014 - 13:57

    Thanks Bharrop. wasn't aware about account closing fees.
    @jackofspade - Where it says free if closed in branch.

    • Love a bargain on 08/04/2014 - 14:25

      The $10 fee is under the "Funds outward" section. I'd imagine it's for the payment of you your closing balance by bank cheque etc and probably won't be applicable if you've emptied it out beforehand or get them in cash if you close the account at a branch.

    • jackofspade on 08/04/2014 - 16:17
      +2

      https://www.ozbargain.com.au/node/139481#comment-1923371
      Page 1 of pdf under the heading 'Closure of a Bankwest Account'.

  • ggmm2013123 on 10/04/2014 - 13:54

    got it Thanks.

  • groundzer on 11/04/2014 - 13:41
    +1

    Chatted with an online rep just now, she sent me a link to the PDS, just in case anyone needs this ->

    http://www.bankwest.com.au/library/pdf/PDS_20120824-144105.p…

  • Peck on 11/04/2014 - 18:36

    Their 0.01% interest rate is sad. Maybe there is legislation that says that they can't pay you zero !

    • grasstown on 20/04/2014 - 23:14
      +1

      0.1% is normal for a transaction account. This account has bonuses on top. Neg is unhelpful

    • illumination on 11/05/2014 - 13:22
      +1

      If your neg is just for the interest rate then I reckon not valid. As grasstown has said, 0.01% interest rate for an everyday transaction account is very normal. This deal isn't posted for its interest rate anyway, that was never the selling point.

      • Peck on 11/05/2014 - 13:46

        Oops! I clicked on the wrong one! BUmmer! The + and - are close together on the screen and I stuffed up. I have taken up the offer. A great deal of thanks and a big Sorry to the OP. I don't know how to reverse my negative. I think that it is a great offer. In my post I was just making the observation about this and a lot of other types of accounts and their interest rates. I think that anyone who goes to effort of posting a deal, whether poor, good or a great deal, deserves a + for the effort.

        • illumination on 12/05/2014 - 11:17

          LOL…. oh ok.
          You can revoke the neg by clicking on votes up the top, and then there's a button for you "Revoke" your vote.

        • Peck on 12/05/2014 - 16:07

          Thanks. I am still learning, even after many years.

  • ronnknee on 11/04/2014 - 19:34

    Is it $2000 per calendar month or every 30 days since you opened the account?

    • lukebeau on 14/04/2014 - 06:24

      This is what I would like to know

      • powerhead on 14/04/2014 - 15:57
        +2

        calendar month excluding the month you open the account

        • spendinghacker on 15/04/2014 - 09:57

          reference please. Cheers :)

        • powerhead on 15/04/2014 - 22:21
          +1

          it's in PDS: http://www.bankwest.com.au/library/pdf/PDS_20120824-144105.p…

          Paragraphs 3.1 & 4.1

        • jackofspade on 15/04/2014 - 22:56
          +1

          You still need to deposit $2000 per month for the first 3 months in order to qualify for the promo regardless whether the fee is applicable for the first month or not.

        • powerhead on 16/04/2014 - 13:34

          Yep, you might be right too, i was referring to the monthly fee only.

          I think i will hold on till 1st of may just to be sure i get the points without rushing with transfers with all these upcoming public holidays.

  • AndyRates on 29/04/2014 - 22:38

    does it mean you have to deposit $2000 for up to 5 months to get the 10,000 bonus points?

    • faisan on 05/05/2014 - 20:14
      +2

      For the 10,000 points, you need to deposit $2k for 3 months. However they say it can take another 2 months for them to give you the points so if you don't deposit $2k in months 4 and 5, they will charge you a $6 monthly account keeping fee.

  • abc on 14/05/2014 - 18:56
    +3

    Everyone I got an email from QFF noting that this promo has been extended until 18 July 2014.

    We're thrilled to introduce the new Bankwest Qantas Transaction Account. It's an Australian first that earns you Qantas Points* on your everyday banking. It's simple, earn Qantas Points on eligible everyday purchases, as well as on money that's just sitting in your account.

    You could earn:
    - Qantas Points* on your account balance 365 days a year
    - 5 Qantas Points* for every eligible purchase
    - 5 Qantas Points* every time you withdraw cash from an overseas ATM

    Plus, open a new account before 18 July 2014 and you will receive 10,000 bonus Qantas Points^ when you deposit at least $2,000 per month for the first 3 months, e.g. salary (available for new Bankwest Transaction Account holders only). You'll also double your chances of winning the ultimate trip for you and 3 friends.

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