This was posted 5 years 2 months 22 days ago, and might be an out-dated deal.

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$40 Bonus for New Complete Freedom Accounts ($500 Deposit Required, New Customers) @ St. George Bank

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$40 Bonus for New Complete Freedom Accounts ($500 Deposit Required, New Customers) @ St. George Bank
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RockyRaccoon on 09/10/2019 - 13:41 stgeorge.com.au (252 clicks)

The offer is described below. May based on these details be available at Bank of Melbourne and/or BankSA

$40 Offer: To receive up to $40 credited to an everyday account, customers must open a new Complete Freedom account between 4/10/2019 and 16/01/2020 (inclusive) online, or if under 21 years of age or a full-time tertiary student including apprentices, customers may also open an account in branch; and must deposit a minimum of $500 within 30 days of account opening. Eligible customers will receive $40 deposited into their account within 45 days of account opening following successful identification verification. The account must remain open during this period in order to be eligible for the offer. Excludes customers who hold or have held a transaction account with St.George Bank, Bank of Melbourne or BankSA at any time. Not available with any other offer. Offer limited to one $40 deposit per customer. Where a joint account is opened, if one of the joint account holders has already received their deposit in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account.

Read the Terms and Conditions available at stgeorge.com.au, including for fees and charges that may apply, before making a decision and consider if it is right for you.

Financial Bank Account Freedom Account Transaction Account

Related Stores

St.George Bank
St.George Bank

closed Comments

  • Graffin on 09/10/2019 - 14:16
    +3

    Wasn't it $50 before?

    I guess they're finally catching on that new customers only sign up to get the bonus then close their accounts. It would be nice if one of the banks actually rewarded long-term customers with some bonus or incentive.

    • RockyRaccoon on 09/10/2019 - 15:14

      What! you expect a bank to care for its customers? 😀

      Must be some young idealistic dreamer!

      (just jesting in case someone takes it to heart)

    • Neoika on 23/11/2019 - 11:05

      Because complete freedom account has an ongoing cost(unless one deposits $2000), unlike many online bank accounts with 0 monthly fee.

  • CrankyCarrot on 09/10/2019 - 17:51
    +3

    If this is the exact same thing as the last deal, which it sure looks like, the move would be to open the acc and deposit $2000 immediately, ie $500 min as per terms of bonus and $2000 as the min to avoid the $5 acc keeping fee for the first 30 days. Set a reminder to dump another $2000 in after the first 30 days is up to avoid the 2nd month's account keeping fee and keep it all going to the 45 day threshold + whatever time it takes for the $40 bonus to show. Then close, unless you feel it's worth keeping open.

    I haven't combed the T&Cs but for someone who has, is there a min time the $500 has to remain in there for the bonus, or the $2000 to avoid acc. keeping fees, or can you just yoyo in that 2 grand a the start and pull it out again/do the same the following month?

    …The things I do for forty bucks.*

    • Although having another bank card may allow you to open a bunch of other free trial accounts, ie Netflix, Spotify etc…
  • NeoM on 03/01/2020 - 19:21

    Tried signing up for account. ID verification failed with my passport and driver's license. Needed to go to a branch to verify, but there are none in my state.

    Had to call them up to close the account, just to ensure I wasn't charged with any account keeping fees (the account was apparently opened, but ID was not verified).

    Waste of time.

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