$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.
..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:
- Qantas Frequent Flyer Account
- Bankwest everyday transaction account; http://www.bankwest.com.au/personal/everyday-accounts/everyd...
Any account that will allow 1 cent transactions Conditions: Bankwest (i think) only allows 50 transactions per day Bankwest are monitoring low value transactions so maybe start off with 5c transactions first.