This was posted 9 years 8 months 21 days ago, and might be an out-dated deal.

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5% Cashback on PayPass Purchases @ ME Bank (New Customers Only)

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5% Cashback on PayPass Purchases @ ME Bank (New Customers Only)
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tooblue on 01/03/2015 - 21:16 mebank.com.au (2252 clicks)
Last edited 08/05/2015 - 06:57 by 3 other users

extended to June 30

Yes, the ME Bank 5% Cash Back offer is back, again. Same as https://www.ozbargain.com.au/node/159659
Apply between 03/03/2014 ~ 01/05/2015, enjoy 6 months of 5% cashback.

Terms and Conditions of Cash Back Offer

*Available to customers who open their first EveryDay Transaction Account (ETA) between 3/03/14 and 1/05/15. Receive 5% cash back on all contactless purchases made within Australia using PayPass Tap & Go for amounts of $100.00 or less for 6 months from the date your account is opened.

The 5% cash back offer will not apply to contactless purchases which;

(1) are non-personal including transactions for business purposes;

(2) exceed the fair use we expect by an individual using an ETA for personal use.

We may at our discretion cancel the cash back offer on any or all contactless purchases and/or close the account.

If eligible, the 5% cash back will be paid into your account within 30 days after the date the transaction is debited to your account. Only one cash back offer per customer and account.

Referral Links

Referral: random (30)

$150 Coles Group & Myer Gift Card for both referree and referrer when loans are settled.

Financial Bank Account Cashback Transaction Account

Related Stores

ME Bank
ME Bank

closed Comments

  • 18 on 01/03/2015 - 21:33
    +1

    are there any fees and also, am I able to close the account in 6 months? Cheers.

    • tooblue on 01/03/2015 - 21:40

      Transactions at Westpac ATM are free;
      Cash withdrawal, cash or cheque deposit, balance enquiry at AusPost costs $2.50 each time;

      Bear in mind AustPost is the only place you can deposit cash into the card.

      • dkausa on 01/03/2015 - 21:58
        +6

        Avoid AusPost fees by depositing via another bank's savings account then transfer online.

        • superdry on 01/03/2015 - 23:09

          thanks dka!
          i learnt that the hard way, checked my online Me Bank statement to find a $2.50 fee for making a deposit at the post office :(

        • CVonC on 02/03/2015 - 08:08

          @superdry:

          fark $10 for me!

      • cwongtech on 03/03/2015 - 16:56

        Transactions at Westpac ATM are free;

        According to the link provided below, it says:
        "Free access at more than 3,000 ME Bank, Westpac, St.George, Bank of Melbourne and BankSA ATMs across Australia
        Free EFTPOS transactions
        Unlimited BPAY® and PayAnyone transactions
        Unlimited direct debits and credits
        Tap & Go™ with MasterCard® PayPass™ for purchases under $100"

        From
        https://www.mebank.com.au/factsheets/everyday-transaction-ac…

  • RockyRaccoon on 01/03/2015 - 21:37
    -4

    5% for 2 months only doesn't seem worthwhile for all the trouble.

    • [Deactivated] on 01/03/2015 - 21:41
      +32

      Would 6 months make it worth it to you? Because that's what the offer is.

      • RockyRaccoon on 01/03/2015 - 21:44
        +10

        Now for $99.99 eyeglasses. (for cashback!!)

        Thanks

    • [Deactivated] on 02/03/2015 - 20:32
      +1

      buy a bunch of $99 gift cards from Coles, Woolworths, bunnings etc

      That'll make it last all year

  • kronicmacstigator on 01/03/2015 - 21:41
    +9

    Not to mention ING have been rebating ATM fees almost instantly and the 2% cashback at the end of the day!

  • snowcold on 01/03/2015 - 21:58
    +1

    I joined last time when this offer came up. Never got any cashback and when I called them up they said it will take up to 30 days for it to come up. That was 60 days back and still no cashback

    • dkausa on 01/03/2015 - 22:00
      +2

      Worked for me for 6 months. Cashback received frequently. Something's gone wrong in your case.

      • snowcold on 01/03/2015 - 22:02

        Thanks for that. I'll call again

      • vikvance on 02/03/2015 - 00:07

        I also received my MeBank cashback very regularly, on a weekly basis.

        In fact, I'm frustrated with Citibank because my account has been open for a month, but I've gotten no cashback.

        • abc on 02/03/2015 - 09:16

          I've only had 1 and it came on the 7th of the following month. I would be expecting again this month on the 7th.

  • NeggerOfDeals on 01/03/2015 - 22:48
    +3

    For you Uni students, sign up to Co-Op Bookshop for $25 and get that $25 back when you sign up for this offer (60 day wait I think).

    https://www.coop.com.au/membership-information

    • RockyRaccoon on 02/03/2015 - 07:01
      +1

      I have already admitted I may need new glasses after misreading the original post. But something here concerns me with the coop offer Under their conditions.

      $25 paid by Members Equity Bank Pty Ltd ABN 56 070 887 679 AFSL 229500 (ME Bank) into your ETA within 60 days from the date it's opened.5% cash back will also be paid by ME Bank, 3 months from the date your ETA is opened on all purchases made within Australia using PayPass™ Tap & Go™ on your co-branded card, for amounts of $100 or less. The 5% cash back will be paid into your account within 30 days after the date the transaction is debited to your account. This offer is only available on the first ETA you open and not with any other ETA offer. The 5% cash back offer will not apply to contactless purchases which; (1) are non-personal including transactions for business purposes; (2) exceed the fair use we expect by an individual using an ETA for personal use. We may at our discretion cancel the cash back offer on any or all contactless purchases and/or close the account.+

      I read that may mean its only for 3 months rather than OP's deal which is for 6 months

      3 months from the date your ETA is opened on all purchases

      Am I mistaken (again) ?

      • NeggerOfDeals on 02/03/2015 - 09:06

        I haven't done it myself and I did post my comment as I was leaving so I'll explain my reasoning; I'm going to assume when you make your account, you'll have an option to enter your Co-Op membership number. So if you take OP's deal and add your membership to it, you get 6 months of the PayPass and your fee back. I would ask people to triple check before doing this. Thanks for bringing it up.

        • SimBech on 03/03/2015 - 03:17

          just tired to do this, when signing up to coop the deal is through them and its only 3 months
          a.k.a. they send your details through and open the account for you, but with only 3 months

          http://puu.sh/gjnsv/719a94096b.png

          think ill give it a miss, i buy my textbooks second hand anyway and would rather the 6 months

        • NeggerOfDeals on 03/03/2015 - 09:48

          just tired to do this

          Awesome, thanks for looking into it.

  • cbeard on 01/03/2015 - 23:01

    Does it go to 0% cashback after the six months are finished? It doesn't go back to 2% or something like ING?

    • Cluster on 02/03/2015 - 11:17

      ME Bank does not mention anything about a rebate after the six months, so the assumption is it's 0%. Milk the 5% offer for 6 months then put the card away in a drawer.

  • dylanando on 01/03/2015 - 23:07

    cool signed up, all my purchases are paywave, this will be great!

    • niknah on 02/03/2015 - 09:31

      It starts on the 3/Mar, tomorrow?

      • dylanando on 03/03/2015 - 18:02

        meant i was gonna sign up :)

  • cwongtech on 02/03/2015 - 00:02
    +8

    Note: my cashback seems to always clear every friday each week, doesn't take a full 30 days, it comes in a lump sum payment unlike ings individual payments right after their corresponding paywave transactions.

    • Cluster on 03/03/2015 - 00:59

      When ME Bank first declared their 5% cash back offer the '30 day' waiting period turned me off. I was pleasantly surprised to see it was max seven days as the cash back always arrived on a Friday.

      Contrast this with Coles' 0% balance transfer credit card offer. That is "up to 30 days". I've been waiting 24 days so far and the money to pay the balance transfer has not yet left my Coles account, not mentioning the extra time it will takes for the target banks to process cheques.

  • sween64 on 02/03/2015 - 07:56
    +1

    I've got ING 2%. Is it worth me joining up to get an extra 3%… I'll think about it…

    • uggugg on 02/03/2015 - 08:24
      +3

      Factors to take into account

      The cash back comes on a Friday as a lump sum for the past seven days compared to ING who take a few days and individually itemise each transaction
      No ATM fee rebates
      Web interface and phone app significantly inferior to that of INGs

      • [Deactivated] on 02/03/2015 - 08:40
        +4

        3% more cash back. I know what I'd choose.

        • abc on 02/03/2015 - 09:22
          +1

          ING is ongoing and has been giving 2-5% cashback since October 2012.

          Plus they also give 4% on a savings account if you deposit $1000 per month into your OE.

          And $0.50 cashback on an EFTPOS cashout.

    • tooblue on 02/03/2015 - 11:32
      +4

      Assume you spend $10,000 in the 6 months, the difference would be $300.
      Imagine how many eneloop batteries $300 can buy.

  • Bluey123 on 02/03/2015 - 10:13

    Hasn't ME bank always being doing this offer??

    • Charlie Dont Surf on 02/03/2015 - 11:54
      +5

      Their last offer expired at the end of February, so they've just rolled it over into a new period.

      I signed up to ME Bank last week, replacing my ING 5% cashback offer, which expired earlier in the month. I haven't done any shopping for almost 3 weeks!!

  • su27km on 02/03/2015 - 13:34

    good. thanks

  • anakbali on 02/03/2015 - 17:59

    Didn't read the start date was tommorow… Just signed up online…*doh

    • aussie28 on 02/03/2015 - 19:05
      +3

      Says it's for whoever opens there first account between 3rd of March 2014 not 2015 so you should be fine. I opened an account with them lastnight.

      • anakbali on 02/03/2015 - 19:23

        Ha! Didn't notice it's from last year… Thanks for the catch, mate…

        • Dan83 on 02/03/2015 - 20:37

          I signed up a few days ago too..

          Um the description has one startup date as 2014 and one as 2015 so which is it??

        • anakbali on 02/03/2015 - 21:35

          @Dan83: The one on their website says 2014, even logically it was meant as 2015, just made a snapshot of it just in case we need a proof…

        • Dan83 on 02/03/2015 - 21:37

          @anakbali: Yeah must be the case.

  • iceshadow on 02/03/2015 - 20:43

    How long do you have to wait after closing a ME Bank account from the previous 5% cash back promotion before you are classified as a "new customer"?

    • [Deactivated] on 03/03/2015 - 14:12

      "between 3/03/14 and 1/05/15"

      Of course I closed my account at the end of March last year so I'm not eligible :(

  • OldBugger on 03/03/2015 - 14:24
    +1

    If it takes a while to get your card, this little story may help.

    From the last deal, they opened my account just days after I applied. However I failed to receive my card till just over a month later. The catch was that the 6 month cashback deal started on the account opening date leaving me with approximately 5 months usage.

    After many phone calls and emails, it ended with them placing $50 in my account as they couldn't alter the cashback start date. Slow process but kudos to them.

    • Charlie Dont Surf on 04/03/2015 - 12:27

      I think your experience is (hopefully) an outlier. My card arrived 2 business days after I received email confirmation that the account had been set up.

  • nickamus on 12/03/2015 - 19:08

    I know the T's &C's say for 'Your first Everyday Transaction Account and 'One cashback offer per customer', but has anyone who previously had this offer and cancelled had any luck applying as a new customer the second time round?

    • Jared17 on 16/03/2015 - 23:34

      Only if they don't have an account during the stated period I suppose

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