BANKWEST REVIEW
Bankwest - Current Account
(Which Way To Pay - 11/1/2011)
The Bankwest Hero Transaction Account earns credit interest (up to balance of $5,000), has no maintenance fee and provides unlimited access to Bankwest facilities, including over-the-counter, Bankwest ATMís, Phone Banking, Bankwest Online Banking and Cheque Access.
The advantage of this account is that there are no account fees. There is an interest rate of 5.00% per annum on all balances up to $5000. This account includes a fee-free and interest-free Safety Net Facility of up to $100, which means that we will honour payments that overdraw your account by up to $100 without charge.
However, you must deposit a minimum of $2000 per month. You may get charged for other bank ATM access and foreign transactions. There is also a $15.00 fee for each over drawn transaction they honour subject to a maximum of $45 per day. $5.00 will be charged to the account per transaction for cash withdrawals, balance enquiries and denied transactions made using overseas ATMs.
The interest AER is 5% p.a. and the interest is paid monthly. The overdraft rate is 18.01% and the interest gross is 5.00%. To be eligible for this account you must be at least eighteen years of age and be an Australian citizen or permanent resident.
Bankwest is ranked 3 out of 5. Based on 1 review.

3 Star Rating
    
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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CURRENT ACCOUNT
Bankwest Hero Account