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SarahF
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Credit Card cash advance fee
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Posted by SarahF SarahF

on ‎06-04-2017 11:34 AM

Message 1 of 1 693 Views

A cash advance fee is charged for every cash advance transaction which includes; withdrawing cash or transferring funds from your credit card, and for gaming/gambling purchases. The fee will be 2% of the value of the transaction or $4, whichever is higher.

 

Effective from 1st April 2010, all purchases for gaming or gambling transactions such as lottery tickets, gambling chip purchases, and online gambling purchases will be treated as cash advances and the cash advance interest rate will apply to them. These transactions will be identified as gaming, or gambling, from the Merchant Category Code supplied with each transaction from Mastercard. These transactions include online and other betting.

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Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 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.
Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 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.