Bankwest Forum

Ask a new question
New Member

Light Direct Mortgage Offset - increased to $10/mth

Posted by Trav33 Trav33
Message 1 of 2 1,887 Views


I've noticed this fee has increased from $3.99 to $10.00

Thats a 250% increase!!!


As far as i'm aware, there has been no change to the facility, just the fee.

So no extra services are being provided for this new price?

Why is this so, and can this be reversed?


0 Kudos

Re: Light Direct Mortgage Offset - increased to $10/mth

Posted by LyndsC LyndsC
Message 2 of 2 1,886 Views

Hi @Trav33, thanks for contacting us in regards to this. Bankwest has reviewed of all the accounts that offer offset facilities to customers, and have found that this particular account is not in line with our other products (Which have been charged the $10 offset fee for the last few years). The introduction of this fee will standardise our offset accounts to have the same fee across the board.

Was this helpful? Then give it 'Kudos'!

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

0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P
© 2020 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.