Bankwest Transaction account [General Discussion]

[craiglm]

Mine worked with Citylink this morning.

Did you do 50 transactions?

 

[lilkid28]

Did you do 50 transactions?

Certainly did

 

[craiglm]

Certainly did

Ok very strange then. I'll see how it goes tomorrow with Optus.

 

[coles525]

Mine (ours ) are working with telstra.

26 of 50 done, 6 different cards (4 seperate people).

 

[Radio8tiv]

Ok very strange then. I'll see how it goes tomorrow with Optus.

I only just got the account up and running, is it 50 transactions per month or 50 per merchant?

 

[craiglm]

I only just got the account up and running, is it 50 transactions per month or 50 per merchant?

50 per day

 

[Radio8tiv]

50 per day

Thanks for the quick reply, I wasn't expecting it to be like that, will have to have look at what to spend it on.
only got the account to save for a home loan deposit and at .4 points per $100 a day it could be quite a good earner once the balance starts increasing

 

[QF WP]

I closed my account today, not worth the hassle and few points

 

[burmans]

I closed my account today, not worth the hassle and few points

Struggling to work out what the hassle is if you are using an automated macro here!

 

[coles525]

I closed my account today, not worth the hassle and few points

How did you close it?

- over phone (explaining/reason)?
- in branch (as above)
- online chat (no need to explain, done without follow up?)

 

[craiglm]

Hhhhhmmmm my macro is getting declined on all of my transactions today.
Anyone else seeing this? Happening with 2 cards./QUOTE]

Back to working as normal today.

 

[craiglm]

Struggling to work out what the hassle is if you are using an automated macro here!

Yep, times this by 4 accounts to pay two $60 optus phone bills.
So approx 31,000 points per month for $120 spend.
All done by macro

 

[ETA_2022]

Yep, times this by 4 accounts to pay two $60 optus phone bills.
So approx 31,000 points per month for $120 spend.
All done by macro

I didn't know you could pay Optus using iMacro. How do you do it, so it doesn't take all day?

 

[ETA_2022]

I've recently discovered that if you're a Telstra broadband subscriber, you shouldn't update your Net Usage app while you're doing your Telstra payments. It will take you to an account services page, instead of refreshing the payment receipt.

But when you've finished your payments, it's handy because you can log in to check your account balance, without having to type your username & password.

 

[Radio8tiv]

I couldn't get my Telstra account to work automated, so I'm just paying my electricity and seems to work ok only one day in so time will tell

 

[ETA_2022]

I couldn't get my Telstra account to work automated, so I'm just paying my electricity and seems to work ok only one day in so time will tell

For Telstra you need go to here (do not log in to your account) and then, either manually or preferably with iMacro, make the first payment. When the first payment's receipt is displayed, either manually or again, preferably with iMacro, refresh that page, up to 49 times.

If you're already doing the above, then ask for help for your specific issue.

 

[Radio8tiv]

For Telstra you need go to here (do not log in to your account) and then, either manually or preferably with iMacro, make the first payment. When the first payment's receipt is displayed, either manually or again, preferably with iMacro, refresh that page, up to 49 times.

If you're already doing the above, then ask for help for your specific issue.

Thanks for the info, i was doing it through my account, I'll check this out

 

[Nerv]

Just want to be sure. You're saying even if you don't deposit $4K a month when you (only) have a Platinum card, you won't be charged the monthly account fee - interesting.

That's right...To avoid the monthly fee on the account you will need to deposit at least $2000 per month (e.g. your salary).
There is, however, no deposit requirement to get and maintain a Platinum Debit Mastercard. The bank text about needing a $4k deposit requirement is just smoke and mirrors. This account can be operated 1960s style via branch and cheque book - a card (standard or platinum) is optional and free.
I think the Platinum card looks better than the standard card and it has some insurance and stuff included. Given that both cards cost the same (nothing) I think it makes sense to get the card that offers the most value.

 

[Nerv]

2% interest is still earn to me! Its not all about the points!

Both the Qantas credit union and bankwest accounts are terrible for earning interest. I strongly recommend more research if you are looking to earn interest. However, the bankwest account is hands down a better account for earning points. There are 2 reasons for this: 1) it pays a higher number of points on balances and 2) it provides the opportunity to earn points through everyday transactions like buying a loaf of bread at the supermarket.

 

[burmans]

Both the Qantas credit union and bankwest accounts are terrible for earning interest. I strongly recommend more research if you are looking to earn interest. However, the bankwest account is hands down a better account for earning points. There are 2 reasons for this: 1) it pays a higher number of points on balances and 2) it provides the opportunity to earn points through everyday transactions like buying a loaf of bread at the supermarket.

That's kind of taking my comment out of context, we were discussing two transaction accounts and my comments was that 2% on top of points for a transaction account was not bad. Sure, if you are just after interest there are (non transaction) accounts that are better, that at just over 3% not a huge amount better in today's market