Bankwest Qantas Transaction account [being withdrawn in 2025]

[cxthomps]

only received one letter so far and that was yesterday, I would have though I would have had more, maybe there will be another round?
anyone seeing any pattern where you didn't get the letter i.e. holding a large balance say $10k plus, or having done larger sums instead of just the 50x1c?

I was thinking something the same. I haven't received a letter and was wondering if it was because I had a large balance in the account (>$20k). I wonder if they are targeting accounts that cost them the most money and 'maybe' leaving those that make them a profit, despite multiple cards and 50 x transactions per day. I guess we will know in a few weeks time.

C.

 

[psi999]

I was thinking something the same. I haven't received a letter and was wondering if it was because I had a large balance in the account (>$20k). I wonder if they are targeting accounts that cost them the most money and 'maybe' leaving those that make them a profit, despite multiple cards and 50 x transactions per day. I guess we will know in a few weeks time.

C.

I keep a reasonable slush fund with BW (25k+) and received a letter. Also never ran 1c transactions (5c - 10c) and around 20 a day for only a few months. My account was opened in 2014.

(and haven't posted in this thread till now - the months and months of constant bumping most probably assisted it's ultimate demise ).

All you blokes that clearly should have received a letter are IMO playing russian roulette that your accounts will be still active come 06th Sept... I'd be moving all my cash out, redirecting payroll & deductions at a minimum prior 06 sept.

 

[Valdek]

only received one letter so far and that was yesterday, I would have though I would have had more, maybe there will be another round?
anyone seeing any pattern where you didn't get the letter i.e. holding a large balance say $10k plus, or having done larger sums instead of just the 50x1c?

balance in the acc of >60K and received the letter

 

[Valdek]

It seems to be quite clear now - large number of small value repetitive transactions would be the reason for the current action by BW.
No mentioning of the multiple cards attached to each acc, regardless of the amount of the balance held

 

[NoName]

And with that my accounts have disappeared from Internet banking and the party is brought to a close. Thank you BW for the 909,621 QFF pts you kindly donated to me over the past nearly 2.5yrs. They have been put to good use!

 

[nightelves]

Geez how many cards did you have? Did your account disappear? I can still see mine on internet banking.

 

[bam71]

I'm still transacting! got a macro that just runs automatically, I'll shut it all down in a day or two

 

[NoName]

Geez how many cards did you have? Did your account disappear? I can still see mine on internet banking.

4 cards on one account & 3 on another. Not right from the start but built up to that number over the course of the accounts being open.

I'm overseas so haven't actually received a letter but given that the accounts have disappeared from Internet banking (as has happened with other people) I assume they will be waiting for me when I return, specifying a closing date of 31 August.

I would have loved to get to the million point mark but such is life. I'll probably give it a few months and then try to open another account.

 

[scubabe]

I got my letter in the mail yesterday too
Since my closure date is 5 September, I have just run my macro for the final time, in the hope that I still get August points no worries, and I will transfer out my remaining funds now.
It sure was fun while it lasted, and it's absolutely given me a nice little balance of QFF points that I'm hoping to cash in for some European travel this time next year!
Three cheers for BankWest for keeping the party going so long

 

[scubabe]

Thank you BW for the 909,621 QFF pts you kindly donated to me over the past nearly 2.5yrs.

Whoa!!!!!!!!!!!!! That is absolutely insane! Well done you!!!!!!

 

[burmans]

And with that my accounts have disappeared from Internet banking and the party is brought to a close.

I must admit this bit seems a bit weird, given we have online statements I thought BW had to keep that info available so we can show in our tax return!

 

[thehound]

And with that my accounts have disappeared from Internet banking and the party is brought to a close. Thank you BW for the 909,621 QFF pts you kindly donated to me over the past nearly 2.5yrs. They have been put to good use!

So come on people - has anyone bettered this amazing haul?! Cephalopod?

 

[craiglm]

I must admit this bit seems a bit weird, given we have online statements I thought BW had to keep that info available so we can show in our tax return!

All my statements are still there. In eStatements they are listed under Closed Accounts.

 

[EestiTiger]

Just got home from 5 weeks in Europe this morning and yes had the dreaded BW letter! Fun while it lasted

 

[nightelves]

So did people's account started disappearing off the internet banking?

 

[craiglm]

So did people's account started disappearing off the internet banking?

Yes. My account is no longer listed under "Accounts"
But my statements are in "eStatements" listed under "Closed Accounts"

 

[nightelves]

I'll wait till the end of the day to see how it goes.

 

[brown891]

Hey guys,

New to AFF. This post keeps popping up in my feed because of all the recent posts about accounts being closed etc. So I had a read of the start of the thread and now the end.

Had a question regarding the worth of someone like myself signing up to the account now with all the new T&C's etc. Would you recommend it? For example, at the start of this thread, most people appear to be looking to do the 1c transactions etc. But i was reading on BW's website about the account - and for that now it has to be actual purchases and not transfers between banks or BPAy payments etc??

Wouldn't mind some opinions from people who have been on the account and up to date with the latest info on it since it began and if it would be worth it.
I can deposit $2k a month no dramas - just more clarification on the 'eligible purchases' 5points/purchase thing???

Thanks
B891

 

[craiglm]

I'll wait till the end of the day to see how it goes.

My close date was the 25th and the account disappeared from the "Accounts" list late in the day.

 

[nightelves]

The part about eligible purchase is the loophole because it can constitute any amount. Not sure where you saw that the T&C has been updated. I had a glance and they're still promoting eligible purchase on their website. At this point in time Bankwest is cracking down on these multiple 1c 'eligible purchase' transaction. I would wait until the heat dies down first.