Bankwest
Bankwest Offset Transaction Account
The Bankwest Offset Transaction Account, when linked to an eligible Bankwest home loan, provides an interest offset facility and unlimited access to Bankwest services, including CommBank ATMs, Phone Banking and Online Banking.
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Pricing
- Rates on application
- Monthly fee
- $10
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cheque Stop Payment | Event | $15 to $25 | — | $15 fee to stop payment on an issued cheque. This fee is $25 when payment is stopped on a range of cheques. |
| Search Handling Fee | Event | $40 | — | For completion of any search conducted by the Bank (per search) |
| Offset Fee | Periodic | $10 | Every 1 mo | A monthly offset fee will be charged to the account on the first business day of each month, and is charged on each account open. The amount that will charge will depend on the home loan that this fa… If the Offset Transaction Account is linked to a Home Loan that is part of the Complete Home Loan Package, then the Offset Fee will be waived. |
| ATM Fee | Transaction | No fee | — | No ATM fees when you use major bank ATMs Australia-wide. |
| Foreign Transaction Fee | Transaction | No fee | — | No foreign transaction fees. |
| Overseas ATM Fee | Transaction | No fee | — | No Bankwest-charged overseas ATM access fees. The overseas bank may charge a fee for using their ATM. |
§ 03 — Features
Offset accountInstant paymentsPayIDDigital banking2 additional cardsApple PayGoogle PaySamsung Pay
- · You can bank over the phone.
- · You can open up to nine offset accounts with your eligible Bankwest home loan and use them as 'buckets' for the things you regularly spend money on and save for, while also saving on home loan intere…
- · Cheque Access will no longer be available for Bankwest Offset Transaction Accounts issued on or after 16 June 2023. After 20 March 2024, new or replacement chequebooks will not be available on any Ba…
- · Create a goal, set up regular deposits and track your progress in the app.
- · Backed by Mastercard 24/7 Zero Liability Protection.
- · You can open single or joint offset accounts in the app if you have an eligible home loan. Additional eligibility criteria apply to joint accounts.
- · You can set up ongoing payments for things like bills or loan repayments.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen or Australian permanent resident
- · Available to individuals
- · Customers with an existing eligible Home Loan can open a single or joint Offset account via the mobile app and the account is in the same name(s) as the borrower(s) on the home loan. If you open the…
- · You may only open a Bankwest Offset Transaction Account if, at the time of opening the account, you request that it be linked to an eligible Bankwest home loan where: the Bankwest home loan has been…
- · There is a limit of nine offset accounts that can be linked to one eligible loan account, whether as a single or joint account holder.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Bankwest under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.