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Transaction Fees & Charges


Customer Benefit Program

The WAW Customer Benefit Program (CBP) rewards customers based on the amount of banking they have with WAW. Each month a CBP reward is calculated using the average daily balance of all deposit or loan sub-accounts attached to a particular account. The reward available is used to rebate eligible transaction fees generated by the account for that month. Importantly, for customers with lower average daily balances WAW provides a mix of fee-free transactions each month to deliver low or fee-free banking facilities.

Benefits cannot be transferred to another account, exceed fees in any month or be accrued.
Avg Daily Balance
Reward Available
$0 to $5,000
$0
$5,001 to $7,500
$2.50
$7501 to $10,000
$5.00
$10,001 to $20,000
$7.50
$20,001 to $50,000
$15.00
$50,001 to $100,000
$35.00
$100,001 to $150,000
$40.00
$150,001 to $200,000
$50.00
$200,001 and over
$65.00

Fees & Charges Rebatable Under CBP

eftpos Transactions
First 2 transactions in any month
Nil
 
Subsequent transactions in any month
$0.60
rediATM Transactions
First 3 transactions in any month
Nil
 
Subsequent transactions in any month
$1.00
 
Enquiry / Decline
$0.60
Non rediATM Transactions
Withdrawals
$0.20
 
Declined Transactions
$0.60
NOTE: Non- rediATM transactions may also attract direct charges levied by the owner of the ATM.
Direct Debits
Per transaction
$0.40
BPAY
Per transaction
$0.40
Personal Cheque Processing
Per cheque
$0.40
Over-the-Counter Deposits
S21 eAccess A/c
$0.75
 
S3 Business A/c first 2 in any month free, then
$0.75
 
All other Accounts
Nil
Over-the-Counter Cash Withdrawals
S21 eAccess A/c
$2.00
 
All other accounts first 3 in any month free, then
$2.00
Netlink Internet Banking
All transactions (excluding BPAY)
Nil
Infolink Telephone Banking
All transactions (excluding BPAY)
Nil
Redicard /VISA Card Usage
Calculated on the combined transaction total in any month per membership

Fees & Charges Non-Rebatable Under CBP

Cheques
Corporate
$2.00
 
Personal / Business
$0.20
 
Bank cheques
At Cost
 
Special clearance
$20.00
 
Stop payment request
$5.00
 
Stop payment for presented cheque
$10.00
 
Photocopy of customer cheque
At Cost
Over-the-Counter Future Payments
$2.00
 
S11 & S12 A/cs first 2 in any month free, then
$2.00
Over-the-Counter Future Payments (inc. Corp Chq Fee)
$4.00
Over-the-Counter Electronic External Transfer
$2.00
S3 Business A/c Monthly Service Fee
$8.00
S21 eAccess A/c Monthly Service Fee
$5.00
Dishonours / Rejected Debits
Cheques deposited
Nil
 
Customer chequing
$10.00
 
Direct debits
$10.00
 
Direct credits
Nil
 
BPAY, Future Payments & Insurance
$10.00
Deposit Books (large duplicate)
$7.50
Redicard / VISA Card Charges
Monthly fee (VISA Card only)
$2.00
 
Replacement VISA Card overseas
At Cost
 
Replacement VISA Card
$10.00
Transaction Voucher Retrieval
At Cost
Statements
Monthly / six monthly/ internet
Nil
 
Supplementary copies
$2.00
 
Statement holders
$3.00
Inactive / Dormant Accounts
Dormant 7 years to 31 March
$20.00
 
Inactive 12 mths to 31 May annually
$20.00
Researching Archive Files
Price on Application
Banklink or Xero Data Transfer
Nil
Foreign Exchange Products
Price on Application
Electronic Payment Trace
$30.00
SWIFT - Inward Transfer (RTGS)
$10.00
SWIFT - Outward Transfer (RTGS)
$15.00
Annual Edvest Fee
$24.00
Cash Withdrawal Over Allowable Limit
Price on Application
Overdrawn Account
$10.00

Transaction-Fee-Free Accounts

WAW provides a number of transaction-fee-free accounts. With the exception of non-rediATM transactions, WAW account types S2 Star Saver, S13 Community Care, S15 Student Transaction, S18 Club & Society, S22 SchooLink Star Saver & S25 Student Bonus Saver do not incur transaction fees. Non-transaction fees such as overdrawn account fees & other charges may be incurred for specific services on these accounts.