• Later Today

Open an Easy Transaction Account, Make 5 Eligible Purchases in 30 Days for $50 Cashback @Bankwest

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Open an Easy Transaction Account, Make 5 Eligible Purchases in 30 Days for $50 Cashback @Bankwest
Go to Deal
deliriouss on 05/10/2025 - 15:03 bankwest.com.au (206 clicks)
Last edited 05/10/2025 - 15:35

How to get your $50:

  1. Open an Easy Transaction Account
  2. Make 5 eligible purchases (Purchases must be made and settled within 30 days of opening your new account)
  3. Get $50 Cashback

Key Terms and Conditions:

  • Offer available for new accounts opened between 6 October 2025 and 21 October 2025.
  • The offer applies to new customers who open an Easy Transaction Account within the promotional dates.Customers who have previously held a Bankwest account within the last 12 months or accounts opened via the Bankwest app are not eligible for this offer.
  • Applicants must complete specific purchase requirements to qualify for the cashback.
  • Eligible purchases are defined as purchases made with your linked Bankwest Platinum Debit Mastercard or Virtual Debit Card(s) 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; and fraudulent transactions.
  • Cashback will be credited directly to your Easy Transaction Account within 60 days from the end of the qualifying 30-day period, providing the Bankwest Easy Transaction Account is still open at the time of crediting.

Full terms and conditions:

https://www.bankwest.com.au/content/dam/bankwest/documents/t…

Financial Bank Account Transaction Account

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Comments

  • deliriouss on 05/10/2025 - 15:12
    +3

    Sharing some pros and cons based on my personal experience with Bankwest

    • The new app has significant usability issues, featuring oversized fonts and a confusing UI/UX—be prepared for some frustration.
    • All physical branches have been closed, they are now a digital only bank wholly owned by CommBank.
    • Customer support is decent, response times for online inquiries are quite good.
    • You can generate single-use and multiple-use virtual cards for online transactions, making online shopping much easier and more secure.
    • There are no international ATM and transaction fees.
    • The EasySaver account offers a 4-month introductory rate of 4.8%, with an ongoing rate of 4% for balances up to $250,000, no spend or growth balance requirement.
  • bohn on 05/10/2025 - 15:15
    +4

    fine to get 50, but using them as your regular bank is a bad idea

    • some domestic transfers, even if made before the cut-off, have been held for THREE DAYS - wtf.. like this needs to be a thing anymore.
    • the portal UI is rubbish
    • the app UI is rubbish and they record all keystrokes etc 'behavioural security tracking'
    • BatmanAU on 05/10/2025 - 15:28

      Keystroke tracking, what are you using the app for illicit material or something?? Who cares, if it protects the customers money, bring it on!

      • bohn on 05/10/2025 - 15:30

        oh yeah they protected my funds, took three days to get to the other account.

        • BatmanAU on 05/10/2025 - 15:36

          Oh so someone stole your money, or they transferred it to the wrong account?

          • bohn on 05/10/2025 - 15:36

            @BatmanAU: Bank West stole my money for three days. Bank West to Westpac before the domestic cutoff does not take three days to transfer.

            • BatmanAU on 05/10/2025 - 15:39

              @bohn: Oh so their protection of your funds worked, don't see any problems with that at all. Maybe it's just me!

              Most banks take a few days to transfer if it is a new account, Bankwest is not alone, UBank, RaboBank, NAB, Wise etc all do the exact same thing, unless its internal transfer.

              • bohn on 05/10/2025 - 15:40
                +3

                @BatmanAU: Wrong. I complained and the person told me I only had a three our window to lodge any issue.

                It gets 'sent' at their end, cannot be reversed and is part of a big batch that they delay 'for reasons' (saving money).

                Don't be fooled into thinking it's for your benefit.

                • BatmanAU on 05/10/2025 - 15:43

                  @bohn: Umm no I'm not wrong, I face this issue all the time transferring money to other accounts (whether business or personal) and they to me. Once the first transaction goes through, it's pretty much instantaneous.

                  Eitherway, this post is about $50 cash back, not internal politics.

                  • bohn on 05/10/2025 - 15:43

                    @BatmanAU: That's why I said, read my post:
                    fine for the $50 but avoid using as a regular bank.

                    Enjoy

              • bohn on 05/10/2025 - 15:41

                @BatmanAU:

                Most banks take a few days to transfer if it is a new account, Bankwest is not alone, UBank, RaboBank, NAB, Wise etc all do the exact same thing, unless its internal transfer.

                yeah, okay…. Macquarie is one day now for new payees. CBA 24 hours (to the dot)…

                Which banks are three days?

                NAB and Westpac I have had no delay at all… ? Didn't have one on Ubank either.

                So that leaves Rabobank:

                If transferring funds to an external bank account before 6pm (AEST/AEDT), the funds will usually appear in that account within 1 – 2 business days.

                So not 3.. Wise is not a bank FYI.

                • BatmanAU on 05/10/2025 - 15:47
                  -2

                  @bohn: A quick Google search:

                  "Australian bank transfers can take up to three business days primarily due to the processing time required for the good funds model, which holds funds for a period to prevent fraudulent transactions, bank cut-off times, weekend and holiday delays, security checks, and the varying processing speeds of different banks and payment systems."

                  Anyway, I will grab myself a $50 and close it once received.

                  • bohn on 05/10/2025 - 15:49
                    +1

                    @BatmanAU: u mean from the AI result? heh

                    I just told you,

                    I have accounts here and see this for new accounts:
                    Westpac/Nab/ubank no delay
                    Macquarie/CBA one day
                    Rabo 1-2
                    Wise, not a bank.

                    Where are all the banks that hold for 3 days? Aside from BankWest.
                    If you are going to reply, reply with factual information not AI.
                    I also already confirmed with you that BankWest is not holding for 3 days for fraud prevention, as after a few hours you cannot get it reversed.

                    • BatmanAU on 05/10/2025 - 15:55
                      -2

                      @bohn: OMG yeah from the AI search, Im not sitting there on your behalf to pinpoint each banks policies, but feel free to do it yourself, start with Commbank as it states it there.

                      I did mate, all the banks I listed that I use and deal with. And yes Wise isn't a bank, but banks you are transferring from can take 3 days. Pretty factual when it happens with me and also when their policies state as such.

                      Now take a chill pill and enjoy your Sunday!

                      • bohn on 05/10/2025 - 15:56
                        +1

                        @BatmanAU: none of the ones you mention hold for 3 days, wake up. u still asleep

                        CBA holds 24 hours to the dot for new payees. You must be new to banking.

                        • BatmanAU on 05/10/2025 - 15:59
                          -2

                          @bohn: Okay buddy, you believe that.

                          • bohn on 05/10/2025 - 16:01

                            @BatmanAU:

                            Okay buddy, you believe that.

                            ?

                            How long does it take to transfer money?
                            First-time and some other transfers may be held for 24 hours though as a security measure.

                            and

                            First-time payments to or from an account linked to yours that you have authority to access, but belonging to someone else or an entity (e.g. Business accounts or accounts accessed by parents/legal guardians, Power of Attorneys, etc.), may take:
                            - 24 hours for transfers made before 7.30pm AEST

                            https://www.commbank.com.au/support.banking.how-long-to-tran…

                            'okay buddy, you believe that'

    • deliriouss on 05/10/2025 - 15:30

      Things have gotten worse since they transitioned to be fully digital. I have been banking with them for over five years, and they didn’t encounter the problems you mentioned until they decided to rebrand, go fully digital, and release this terrible app update, all at the same time. The old app worked so much better.

      • bohn on 05/10/2025 - 15:33
        +1

        End of July:

        We're introducing behavioural security to help protect against fraud and scams. To support this, you will need to consent to us collecting your behavioural information when you use Bankwest Online Banking and the Bankwest App.

        What is behavioural security?
        Behavioural security uses information about how you interact with online banking and the app – like typing, scrolling, clicking, and swiping behaviours – to help detect unusual account activity and potential fraud attempts.

        From August 2025, you’ll be prompted to consent to the collection of your behavioural information when you log in to online banking and the app. You’ll need to consent to continue accessing these services.

        My biggest issue is the shit UI, and the sometimes incredibly slow domestic transfers. I think they add transfers to a batch and do not do them all the time (to save money). F that.

    • Think on 05/10/2025 - 15:42

      have been held for THREE DAYS

      Was the payee newly added?

    • jazlet on 05/10/2025 - 15:53

      I have also had big delays at Bankwest in sending money.

      Also agree the UI is very bad both on the web and app.

  • Think on 05/10/2025 - 15:34

    The offer applies to new customers who open an Easy Transaction Account within the promotional dates.Customers who have previously held a Bankwest account within the last 12 months or accounts opened via the Bankwest app are not eligible for this offer.

    Does having a current credit credit account count as a Bankwest account?

  • askbargain on 05/10/2025 - 15:36
    +1

    Why does OzB say “LATER TODAY” if it starts tomorrow?

    • BatmanAU on 05/10/2025 - 15:41

      Maybe OP set it for 1100pm or something.

      • deliriouss on 05/10/2025 - 15:45
        +2

        OP here. I didn’t specify a start/end time only date, and I’m also puzzled why it says a later today. It may have something to do with Bankwest using AWST.

        • BatmanAU on 05/10/2025 - 15:49
          +1

          Yeah that's weird.

          I tried posting a deal the other day and OzB said it was a scam and wouldn't publish it. Was for a legit deal, so not sure why I couldn't post it.

  • ropanzer on 05/10/2025 - 16:18
    -2

    What does cashback $50 means?

  • peter on 05/10/2025 - 16:22

    I've had Bankwest accounts since about 2006 when I opened my first account with them in Elizabeth Street, Melbourne (I was working in the nearby Census Data Processing Centre at the time). I've always found them reliable. They have Osko so transfers are fast, and they don't charge a monthly fee. My biggest concern was in 2008 when I became aware that Bankwest might be affected by the GFC (Global Financial Crisis):
    "In September 2008, Bankwest was included in the sale of HBOS to Lloyds TSB. The following month, with significant problems of its own during the 2008 financial crisis, Lloyds TSB agreed terms to sell Bankwest to the Commonwealth Bank for $2.1 billion. The sale was completed in December 2008." - Wikipedia

  • idm on 05/10/2025 - 16:46

    How's account opening experience if anyone has done it recently? Works from a computer or app only?

  • bin555 on 05/10/2025 - 17:11

    I already have bankwest app. So just need to open the account through the app ?

  • Funky-munky on 05/10/2025 - 17:15

    If you're just doing it for the quick cash, by all means.
    But having been with BW for many many years, with various product's, I chose to move banks a few month's back.
    Their app is now so bad, you can barely do anything with it.
    Style over substance.
    And for a digital only bank, as their core product, its unuseable.
    Do yourselves a favour, and read their APP reviews.

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