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Cash advance when card in credit

Posted by Markyboy Markyboy
Message 1 of 2 1,594 Views

Hi there,


in in regards to BankWest Zero MasterCard, if I transfer a surplus of say $1000 above my credit limit and I am overseas (Singapore) and withdraw $1000 from an ATM there and don’t eat into credit limit at all:


- Will I pay a cash advance fee (2%)?

- Will I have to pay interest (21.99%) on the amount I withdraw?


i presume the answer to both of those is no as it is my money I am withdrawing however I just wanted to get that confirmed.


many thanks

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Re: Cash advance when card in credit

Posted by DanaeC DanaeC
Message 2 of 2 1,566 Views

Hey @Markyboy, thanks for reaching out.


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. Though, in situations where the credit card account has a credit balance after a cash withdrawal, the fee will be $4.00. It's good to note that this fee is waived when withdrawing cash using Bankwest branches, Bankwest Online Banking, Bankwest ATMs and Commonwealth Bank ATMs.

It will apply when withdrawing funds internationally - as though it will show as a "Cash Advance Fee" - it's actually in place of the "Overseas ATM Fee".

As long as you don't access any amount within the card limit, you also won't be charged any interest Smiley Happy

I hope this helps!

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