This was posted 13 years 10 months 29 days ago, and might be an out-dated deal.

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Get $200 from Belldirect for Your First Trade (NRMA RACV & RACQ Customers Only)

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Get $200 from Belldirect for Your First Trade (NRMA RACV & RACQ Customers Only)
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Lenneth on 25/01/2011 - 00:37 belldirect.com.au (359 clicks)
Last edited 25/01/2011 - 00:43

NRMA Motoring Club Members customers can sign up to Belldirect and get $200* into their account after their first trade (min cost fee $15)

*the $200 goes into your share account which can be used to buy shares or pay for future brokerage. I'm not sure if or how you can pull the money out.

For NRMA Motoring Club Members every 10th trade is free too (I think this is ongoing. I couldnt find an expiry date for this)

Too bad I am not a NRMA customer. Does anyone know of a belldirect offer for anyone?

EDIT: RACQ members can use this: https://www.belldirect.com.au/racq/registernow/ The offer looks to be exactly the same.

EDIT EDIT: gah now I found this one for RACV members while looking for a general offer. Why don't I own a car? :( https://www.belldirect.com.au/racv/registernow/

Other Investment NRMA RACQ Share Trading Shares (financial) Trade

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Bell Direct
Bell Direct

closed Comments

  • pilchard on 25/01/2011 - 00:48

    good job on finding the extra offers. :)

  • shibby on 25/01/2011 - 01:15

    Also in SA:

    https://www.belldirect.com.au/raa

  • and on 25/01/2011 - 01:25

    heh :-)

    https://www.belldirect.com.au/rac/registernow/ - WA

  • tonester on 25/01/2011 - 01:55
    +1

    duplicate and available to members of all state motoring associations
    http://www.ozbargain.com.au/node/25048
    http://www.ozbargain.com.au/node/18574

    • pauly on 25/01/2011 - 02:02
      +2

      Technically, they point to the same deal and it is a duplicate. However I'm going to leave this published, since the latest offer was posted around 8 months ago.

  • wazza23 on 25/01/2011 - 03:26

    I can confirm this works (if anyone had any doubt). I'm from WA and did it through RAC.

    I deposited my money and yep few days after first trade I got $200!!

  • brisdaz on 25/01/2011 - 05:57
    +1
    Membership with Automobile clubs not needed? ($130 for ~1 hours work)

    RACQ provides membership separately for advice and discounts (which is what this falls under) where you don't need a vehicle. It's called "lifestyle membership" and costs $37.

    Bell Direct is $15 per buy, and then $15 per sell. Also the minimum trade amount is $500. Hence:

    1. Sign up with RACQ Lifestyle Membership. Provide a residential address in Queensland. ($37 joining fee)
    2. Sign up with Bell direct
    3. Deposit $515+ in to your trading account
    4. Buy $500+ of shares (+$15 trade fee)
    5. Get $200 in your Bell Direct account
    6. Sell $500 of shares (+$15 trade fee)
    7. (After your sale has settled in ~3 days) Withdraw $500 + $200 from your account
    8. (Optional) Close your Bell Direct account via fax
    9. (Optional) Also have the other benefits of Show Your Card & Save - There was 70% off Dreamworld tickets last year

    Net gain: ~$130
    Work required: ~1 hour
    Waiting: ~2 weeks

    DISCLAIMER: Not 100% sure putting a QLD residential address but having a postal address in another state works. It's possible that someone else takes care of your affairs interstate whilst you live in QLD.

    • Ambiguous on 25/01/2011 - 06:40

      Can anyone confirm that this works?

      • stralya on 25/01/2011 - 09:45

        Yes, it works. I've signed up through NRMA and got my $200 as soon as I made my first trade. It is quite an old offer and has been around for atleast a year.

    • abc on 25/01/2011 - 09:30

      providing your shares don't go down in value :)

      • stralya on 25/01/2011 - 09:47

        You can reduce your risk if you sell as soon as you buy, ie place a sell order within a couple of minutes of buying. And use 'limit' orders rather than 'at market' orders.

        • odysseus on 25/01/2011 - 21:19

          Keep in mind for anyone new that you can't guarantee to get the same price even if you sell straight after. Then again, for a $500 investment you'd have to have made a very poor i.e. infrequently traded choice to lose the $130 gain referred to above in that time.

  • [Deactivated] on 25/01/2011 - 10:34
    +1

    Not an accountant but need to be aware of the following and check with your financial adviser if it applies to you or this deal.

    1. Selling shares may incur Capital gains Tax (I think there is some provision if within a certain period - 12 months??)
    2. Profits will be taxable (Not sure on the $200)

    So remember to declare this on your tax return etc etc

    Not saying its not worth it, it probably is, just dont let a minor detail affect you at tax time

    • michaelliberty on 25/01/2011 - 12:40

      I too am not an accountant but to clarify pete's first point.

      Gains are taxable. Buy @ $500. Sell @ $510. That's $10 extra taxable income, like any income a % will be taxed, e.g. $3 for people on 30% tax rate.

      If you sell 12 months later you only have to pay 50% of the tax, e.g. $1.50 in the above example.

  • mamabile on 25/01/2011 - 11:12

    seems like good deal… but beware of this "The Direct Cash Account is not a Bank Account and is not covered by the recently announced Government Guarantee. Investors risk losing some or all of their principal investment."

  • grips on 25/01/2011 - 23:09

    Also do not forget the $33.- joining fee at RACQ.

  • dins on 07/02/2011 - 16:07

    thanks for posting this deal :)

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