This was posted 9 years 1 month 14 days ago, and might be an out-dated deal.

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Over 55's/Pensioners: Free $55 Coles/Myer Card for Opening IMB Wisdom Saver Account Online

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Over 55's/Pensioners: Free $55 Coles/Myer Card for Opening IMB Wisdom Saver Account Online
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ozguy on 09/11/2015 - 13:51 imb.com.au (473 clicks)
Last edited 09/12/2015 - 16:48 by 1 other user

Open an IMB Wisdom Saver Account online and get a $55 Coles Group & Myer Gift Card

Minimum opening balance $500 (thanks douglasac10)

Over 55 and need a smarter saving solution?

IMB’s Wisdom Saver Account is a high interest, at-call account available to people 55 years or over or members in receipt of an eligible permanent pension. The Wisdom Saver account has no monthly account keeping fee and no transaction fees across IMB’s wide range of channels^.

Terms & Conditions

Please consider the PDS available from IMB before making a decision about this product. To receive a Coles Group & Myer Gift Card, you must:
a) Open your first IMB Wisdom Saver Account (you must not have had an IMB Wisdom Saver Account before), and
b) Open the account online between 25/10/2015 and 30/11/2015 31/12/2015 by visiting https://apply.imb.com.au/#/apply/new/depositAccounts/product…
The Coles Group & Myer Gift Card will be sent by post to eligible members within 30 days of account opening. Terms and conditions, including expiry date and participating stores, may apply to Coles Group & Myer Gift Cards. This offer is not available in conjunction with any other offer. This offer is managed and promoted by IMB Bank and is in no way endorsed or supported by Coles Group, Myer Pty Ltd or any of the Participating Stores. The promoter of this offer is IMB Ltd trading as IMB Bank. ABN 92 087 651 974. AFSL/Australian Credit Licence 237 391. Coles Group & Myer Gift Card: Conditions and exclusions apply. For full Terms of Use visit giftcards.com.au or phone 1300 725 159.
^Fees apply to international transactions and transactions performed via non-IMB channels. *Direct operator charges don't apply to IMB ATMs and alliance partner ATMs operated by Westpac, St. George, Bank of Melbourne and Bank SA. IMB transaction fees apply to the use of alliance partner ATMs by account holders who reside within postcodes 2500-2557 and 2571-2580. This advice is general advice only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement available from IMB before making a decision about this product. IMB Ltd trading as IMB Bank ABN 92 087 651 974 AFSL/Australian Credit Licence 237 391.

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closed Comments

  • fruit on 09/11/2015 - 14:54

    It's free

  • douglasac10 on 09/11/2015 - 17:15

    Downside, a minimum opening balance of $500 is required. Upside, the only fee that applies to this account is an "Alliance ATM Fee" which is not elaborated on so it might actually be useful for transacting with.

    (EDIT: there's a $1.60\mo Visa Debit fee which compared to, say, People's Choice or Bendigo Bank, isn't that bad.)

    Also a strange quirk with their Visa international fee, it's $5 or 2.5%, whichever is higher.

    • ozguy on 09/11/2015 - 17:37

      I posted the deal on the basis of the $55 gift card rather than the daily use of the card. The $1.60 monthly fee can be avoided by selecting the no charge EFTPOS alternative.

      Where is anything said about a $500 minimum opening balance (its does not appear in the T&C's as I can see)?

      Sadly, I've been unable to join up as my ID would not verify for no reason at all apparent to me.

  • Peck on 09/11/2015 - 18:48

    Interest rates:-
    Up to $1,999.99 0.50%
    $2,000 - $48,000 1.50%
    $48,000.01 and over 3.00%
    I will take the $55 card and run.
    Account opened ok without a deposit of $500, but will wait and see what happens next.

  • WaywardOne on 09/11/2015 - 19:16
    +1

    Do recipients of the disability support pension qualify?

    • Peck on 09/11/2015 - 20:14

      'Eligible permanent pension' is not defined in the T & C's and so give it a try! As I am over 55 there was no question about this, but if you are under 55 there may be a further question to be answered in the application.

      • Cheeper on 09/11/2015 - 21:04

        There was no request for pension details of any sort. Odd.

        • Cheeper on 30/11/2015 - 10:24

          Edit… They ask you to provide the details later when you enquire about qualifying for the offer after you have created the acct. Should have a separate application for this offer where you can provide all the details without all the messing around.

        • Peck on 30/11/2015 - 13:51
          +1

          @xywolap: That's strange, when I enquired they didn't ask me for further details, and said that it would 'be in the mail' within 30 days. But I expect that it will fail to arrive and that I will have to chase it up.

        • Cheeper on 30/11/2015 - 19:26

          @peck:
          I did call because nothing I had received mentioned the bonus. That is when they said I had to send proof. Makes sense otherwise anyone could claim it.
          I called again a few days ago as nearly 2 weeks ago I got the pin # for the bonus card in the mail but still no bonus. They explained it should be issued about 30 days after acct was opened.
          Thought it to be odd that they would send out the pin # so far in advance.
          If this is an introductory offer to get customers they could have made some effort to get their act together.

  • WaywardOne on 09/11/2015 - 20:18

    I filled in the application and unfortunately upon submission they just said:
    "Sorry we can't verify your id"

    This was after I entered my NSW license, Medicare details, TFN, address, and phone number etc

    I'll give them a call tomorrow

  • Cheeper on 09/11/2015 - 20:38

    The link in the ops t&c above does not go to where you open a "IMB Wisdom Saver Account". It links to 2 other savings accounts.
    Link to opening a Wisdom Saver Acct is here.. http://www.imb.com.au/campaigns-wisdom-saver?spotlight=perso…
    No mention of $55 though.

    • ozguy on 10/11/2015 - 00:48
      +1

      Yes the website has that inconsistency. The link I gave offered the gift card, but the T&C embedded link is a bit dead. Their error I would figure. Amateurs! :) Go with the link I provided and hope your identity is able to be verified.

  • Tasmaniac on 10/11/2015 - 00:10

    So just to be clear a minimum opening balance means that I'll need to deposit $500 during the sign up process ?!

    • Peck on 10/11/2015 - 11:22

      no

  • povertytrap on 10/11/2015 - 00:30
    +1

    Wish I was 55 now! Great post OP.

  • [Deactivated] on 12/11/2015 - 11:03
    +1

    Oh to be young ;^>

  • Peck on 06/12/2015 - 11:33
    +1

    I have been away for 1 week, however the $55 gift card was in the mail when I arrived back. Post marked 1 December 2015.

    • Cheeper on 08/12/2015 - 01:38

      Recd mine (and spent it already) too…

  • yoyo6 on 09/12/2015 - 12:51
    +1

    I just got an email about this, says valid to 31/12/15. Here is the link:

    http://www.imb.com.au/campaigns-wisdom-saver-gift-card?utm_campaign=transaction-account-acquisition&utm_medium=email&utm_source=news-corp-the-perk&utm_content=wisdom-saver-$55-gift-card&utm_term=

    Can the mods please reactivate the deal?

    • retiredfeline on 09/12/2015 - 13:14

      Thanks. Tried opening an account online but said I had to visit a branch. :(

  • Peck on 22/12/2015 - 18:18

    I just received a mail from IMB for a referral offer. If I refer someone (using the referral form that I received) then we both get $50. The new account holder has to deposit $50 and leave it in the account until the bonus is received. Complicated formula, but max period is 3 months.

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