You can access Bankwest's redraw facility as often as you like, as long as you have enough available funds in your redraw account. There are no limits on the number of times you can redraw or the amount you can redraw. However, there are a few things to keep in mind: You will be charged an interest rate on the funds you redraw. This rate is usually the same as your home loan interest rate. If you redraw too much, you may not be able to make your minimum repayments. This could lead to your home loan becoming delinquent. If you redraw during the fixed rate period of your home loan, you may be charged a break fee.