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Customer Benefit Program

Customer Benefit Program

Customer Benefit Program

WAW Customer Benefit Program (CBP)

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 or fee-free banking facilities.

Benefits cannot be transferred to another account, exceed fees in any month or be accrued.

Average Aggregate Account 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

Transaction Fees Rebatable Under the CBP

The transaction fees listed immediately below are calculated and debited monthly and are eligible for rebate under the CBP.

The following account types do not attract transaction fees: S2 Star Saver, S14 Disability Support, S15 Youth Transact, S18 Club & Community Transact, S19 Club & Community eSaver & S25 Youth Saver.

The S21 eAccess account also does not attract fees rebatable under the CBP excluding those incurred for over-the-counter transactions.

Download our Transaction Fees and Charges schedule here.

Download our Account Facilities Schedule here

If you are interested in the Customer Benefit Program and would like more information please fill out our online enquiry form with your name, contact details and the product you are interested in. One of our dedicated account specialist staff will contact you with further infromation.

Alternatively, you can contact us on 1300 368 555 and ask to speak to one of our account specialists.