Bankwest Forum

Ask a new question
Reply
ET
New Member
SOLVED
Accepted Solution

Cash advance when card in credit

Posted by ET ET
Message 1 of 2 364 Views

My Platinum MC is in credit. Am I able to withdraw this amount in cash from an Australian ATM without incurring any fees. The withdrawal will not go into the credit card limit - in fact, there will be a small amount of credit still remaining on the account. 

Reply
0 Kudos
Moderator
SOLUTION

Re: Cash advance when card in credit

Posted by DanaeC DanaeC
Message 2 of 2 360 Views

Hey @ET, thanks for your question.

In the situation you've advised above (where the credit card account has a credit balance after a cash withdrawal), a fee of $4.00 would apply. In saying that, this fee is waived when withdrawing cash using Bankwest stores, Bankwest Online Banking, Bankwest ATMs and Commonwealth Bank ATMs.


It's also good to note that generally, a Cash Advance Fee of 2% or $4.00, whichever is the greater, will apply if the account has a debit balance after the withdrawal. 

 

This previous Forum post may help further Smiley Happy

Thanks!

Was this helpful? Then give it 'Kudos'!

If your question was answered, select 'Accept as Solution' to make it easier for others to find.

Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2018 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.