[h=3]Earn 10,000 bonus Qantas Points, hurry limited time only!^[/h]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.
[h=3]What’s more, you get…[/h]
- $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)**
As far as I can see you don't need to keep the money there, you just need to deposit, sort of like the $50 bonus ING offer.So what would happen if on the 1st or 30th/31st day of each month for the first 3 months, I deposit $2k then immediately withdraw the next day, and after 3 months when they credit the 10k points I leave the balance at $0. Will it go into negative with account fees or do they just close the account?
As far as I can see you don't need to keep the money there, you just need to deposit, sort of like the $50 bonus ING offer.
I did something like that for the free NAB transaction account. My concern is that this one says there is a fee without a minimum deposit each month.
I only have a CC and a Telenet Saver with them so I shall be doing this for the free 10k points.
5 QF points per transaction?
Tried to find the definition of a "qualifying transaction" ......it's very interesting indeed.
considering the account offers no fee for overseas ATM withdrawal's this is a particularly strong selling point.
|Monthly account maintenance||$0 when you deposit at least $2,000 per month (e.g. your salary)|
|Overseas ATM access||$0|
Not really ... may be no ATM fee, but you still get FX fees
Description Fee Monthly account maintenance $0 when you deposit at least $2,000 per month (e.g. your salary) Electronic withdrawals $0 Cheque withdrawals $0 Counter withdrawals $0 Foreign transaction 2.95% Overseas ATM access $0
Correct & thanks for sharing those fees.
Foreign Transaction fee's are pretty much hard to avoid these days, but please feel free to enlighten me If you know of an account where the foreign transaction fee is non existent or extremely low.
Always open to people's thoughts.
Bankwest Platinum credit card.
Interesting - just had a look at that. Platinum Qantas points earn is capped at 200k per year, but that's a lot of money anyway.
Any idea what kind of income / credit criteria required to apply? Or black art here?