This was posted 2 years 9 months 18 days ago, and might be an out-dated deal.

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Deposit $50 or More, Get $10 Bonus Credit @ Stake AU

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Deposit $50 or More, Get $10 Bonus Credit @ Stake AU
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Korban Dallas on 04/02/2022 - 14:09 files.ozbargain.com.au (1009 clicks)
Last edited 04/02/2022 - 17:33 by 1 other user

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Deposit into your Stake AUS account in the next 10 hrs, you’ll get $10 to get you started.

Deposits can be made using a bank transfer - it’s as easy as paying your mate back for a coffee. Simply click the Wallet icon in the top right of your dashboard screen and follow the prompts.

Buried in their terms and conditions

Eligibility Criteria
In order to qualify for the AUS Funding Reward program, you must meet all of the following criteria:

Have created a registered Stake account, including a verified email address, that has been approved for funding by Stake;

Such account has not yet been funded;
Have one individual account only (non-individual accounts such as SMSF trust, SMSF individual, company and minor accounts are not eligible for AUS Funding Rewards); and

Make a single Qualified Funding of your Stake AUS account of at least $50 AUD within 24 hours or another time limit set by Stake upon first viewing the Portfolio/Dashboard page on the Stake App and/or Website.

For the avoidance of doubt, to qualify for the AUS Funding Reward your first ever funding must be at least $50 AUD

Subsequent fundings after your first funding to make up a total balance of over $50 AUD in your Stake AUS account will not qualify for an AUS Funding Reward

Side note
Wonder if ASIC considers the promo as deceptive conduct.

If warnings, disclaimers and qualifications are required, they should not be inconsistent with other content in the advertisement, including any headline claims. They should also have sufficient prominence to effectively convey key information to a reasonable member of the audience on first viewing of the advertisement. Information is less likely to be noticed and understood if it is in fine print, contained within a dense block of text, only shown on television or a computer screen for a brief period, or placed where there is distracting content shown simultaneously.

RG 234.49 Statements referring the consumer to another website or webpage, or a document such as a PDS, prospectus or contract, will not be sufficient to correct a misleading or deceptive headline claim

Referral Links

Referral: random (1013)

Referrer gets $1 off brokerage for 12 months for each referral. Referees gets $10 bonus (funding account within 24 hours of sign-up required).

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closed Comments

  • bigchunguss on 04/02/2022 - 14:11
    +3

    Got this offer too. I have not deposited into my stake ASX so assuming this is why I got targetted

  • Monsta-AU on 04/02/2022 - 14:23
    +5

    I have deposited but not traded on the ASX side - no offer for me.

  • me1stt on 04/02/2022 - 14:24
    +2

    I got this offer days ago but didn't get the credit after depositing $10.

    Contacted support and was told the minimum need to be deposited is $50. However, they offered me 1 free GoPro stock.

    • tabboy on 04/02/2022 - 15:51
      +2

      Currently worth $8.44 USD, so better than $10AUD :)

    • BigBTrain on 04/02/2022 - 18:41

      Did your GoPro stock actually get allocated? I think Stake is offering GoPro stock to placate users of their misleading and deceptive conduct, but not actually allocating in the hopes that we forget to check.

      • me1stt on 04/02/2022 - 19:14

        Yeh it's in my account.

  • Cabrinha on 04/02/2022 - 14:25

    I got the $10 a few minutes after the deposit. I believe this is a duplicate of this deal though https://www.ozbargain.com.au/node/680511

    • bobwokeup on 04/02/2022 - 14:59
      +1

      No that one is about referrals.

  • cloud68 on 04/02/2022 - 14:28

    Has anyone ever deposit and forgot to put your Stake account number? I did yesterday and lucky Commbank can cancel my transfer. I wonder what happen if the fund reach them?

    • bobwokeup on 04/02/2022 - 15:01

      I guess that’s why it is safer to use BSB and account number as you can’t forget it. Mine went through after 15 minutes at the most.

      • cloud68 on 04/02/2022 - 17:33

        I did but it also mandatory to put you account number?

        Also has anyone using POLI? It ask me my account number and password. No thanks

        • bobwokeup on 04/02/2022 - 17:45

          Yeah it’s mandatory so shouldn’t be able to submit it without the account number.

          I’ve never used POLI but that sounds risky. Actually I didn’t even get that as an option I could only do BSB and account number.

          • cloud68 on 04/02/2022 - 17:57

            @bobwokeup: i put bsb and acc number (is that unique to individuals)? But there is also Stake Account number that we have to put it. I forgot that part

            • bobwokeup on 04/02/2022 - 18:05

              @cloud68: It must be as the Stake message just says to use BSB and Account number and it went through fine for me.

  • PrinceOfWhales on 04/02/2022 - 14:41
    +2

    I received the offer but nowhere states what's the minimum amount to deposit. Anyone else in the same boat?

  • kurisu on 04/02/2022 - 14:41

    Where does it say how much you have to deposit to get the $10 credit? The screenshot you posted only says "deposit funds" without specifying an amount. Couldn't you just deposit one cent, because technically that's depositing funds?

    • me1stt on 04/02/2022 - 14:45
      +3

      https://hellostake.com/au/legal/aus-rewards-terms-and-condit…

      Scroll down to "2. First Funding Rewards"

      • kurisu on 04/02/2022 - 14:47
        +1

        Thanks. Did you find a link to that in the app somehow, or did you need to use a search engine to find it? It's a bit dodgy not having a link to the terms and conditions on the offer in the app.

        • me1stt on 04/02/2022 - 14:51
          +1

          Under your AUS account, go to profile, tap Rewards, then tap "How it works?" on the top right corner, then you can access the term and conditions under STAKE AUS.

          • kurisu on 04/02/2022 - 14:57
            +2

            @me1stt: Thanks. If I'd designed the app I would've put them here, but I suppose having to tap through half a dozen screens to view them is a more convenient way of doing it.

            • Korban Dallas on 04/02/2022 - 17:17
              +1

              @kurisu: Pretty sure they have done this on purpose. Max sign-ups, less bonus payouts.

              Not sure it flies with ASIC requirements.

              If warnings, disclaimers and qualifications are required, they should not be inconsistent with other content in the advertisement, including any headline claims. They should also have sufficient prominence to effectively convey key information to a reasonable member of the audience on first viewing of the advertisement. Information is less likely to be noticed and understood if it is in fine print, contained within a dense block of text, only shown on television or a computer screen for a brief period, or placed where there is distracting content shown simultaneously.

              RG 234.49 Statements referring the consumer to another website or webpage, or a document such as a PDS, prospectus or contract, will not be sufficient to correct a misleading or deceptive headline claim

  • bobwokeup on 04/02/2022 - 14:46
    +1

    I deposited $50 about 10-15 minutes ago and it just landed in my account. I just had to click a button to claim $10 and it’s available to use in my account.

    • fuudrizzle on 04/02/2022 - 22:40

      Where did you find the button to claim ?

  • cktftw on 04/02/2022 - 15:07

    Targetted

  • ilovefullprice on 04/02/2022 - 15:17
    +2

    Finally got something from stingy Stake!

  • cryptos on 04/02/2022 - 15:22
    +1

    Is it correct, $500 minimum first trade?

    • Gomo on 04/02/2022 - 15:24

      AUS ASX Yes but Wall St not required :)

    • orido on 04/02/2022 - 15:56
      +3

      That's a requirement by the ASX not Stake itself. it'll be like that anywhere you go

    • bobwokeup on 04/02/2022 - 16:01

      Oh might as well make the minimum first deposit $500

  • Gomo on 04/02/2022 - 15:24

    Cheers =) DCFC Stock here we come!

    • Korban Dallas on 04/02/2022 - 16:45
      +1

      It's has a beating.

      Time to buy. Tritium ftw

      • Gomo on 04/02/2022 - 22:50

        Indeed :D

        • Korban Dallas on 04/02/2022 - 23:04
          +1

          Know someone who works there.

          Wife has a job lined up too.

  • shahrah on 04/02/2022 - 15:59

    and what is Stake AU? sorry never been in this website (^_^)

  • BargainLuver on 04/02/2022 - 15:59
    +3

    Mods or OP please change to read "deposit $50 get $10". I deposited $10 and got no bonus, as has been confirmed by others in this thread. OP's error is costing us the bonus

    • hellousyd on 04/02/2022 - 16:18
      +1

      Damn, read this too late. Thanks for the heads up though.

    • Korban Dallas on 04/02/2022 - 16:34

      Done

      • WhyAmICommenting on 04/02/2022 - 20:27
        +1

        In your defence there was nothing obvious to me in the app about a minimum deposit. Jerks.

  • life is suffering on 04/02/2022 - 16:44
    +1

    BRN here I come

    • kcslb92 on 04/02/2022 - 17:28
      +1

      BRN go BRRRRRRRRR

  • coconut1512 on 04/02/2022 - 16:47

    First bank deposit normally takes up to 24 hrs to process right ? and the deal is expired in 10 hours, not sure if i can get the 10$

    • fiveferrari on 04/02/2022 - 17:04
      +4

      If you are with a second-grade bank.

      • Bomber-man on 04/02/2022 - 17:14

        I'm with one of these and it suprisingly still made it in time :)

    • FatBoyNotSoSlim on 04/02/2022 - 17:09
      +2

      Only with banks that don't follow the specs, CBA for instance.

  • BigBTrain on 04/02/2022 - 18:29
    -1

    These guys are dodgy as all hell. Currently haggling with them over the bloody 1 unit of GoPro stock as reparations. They said they would allocate the stock to me and I saw it for a morning before the stock disappeared from my app. I've been emailing them for a resolution ever since.

    • bobwokeup on 04/02/2022 - 18:53
      +1

      Yeah I had a similar experience with their US promotion, they like to skirt around things and hope you give up. Most OzBargainers don’t think like that so good luck to them.

      • BigBTrain on 04/02/2022 - 19:02

        Haha, those fckers are dodgy as hell but a deal is a deal.

        Did you manage to get your promotional bonus in the end?

        • bobwokeup on 05/02/2022 - 01:27

          Yeah I did but too a while to get it.

    • Korban Dallas on 04/02/2022 - 19:02
      +2

      I got my $10 after threatening to report to ASIC

      • BigBTrain on 04/02/2022 - 19:08

        I just started emailing them about ASIC and their misleading behaviour.

        I wonder if a GoPro stock is better than $10 AUD?

        • Korban Dallas on 04/02/2022 - 19:10

          A little better

          • BigBTrain on 04/02/2022 - 19:15

            @Korban Dallas: What's really annoying is that they initially offered me the GoPro stock in exchange via my initial complaint through Facebook messenger. Then they took the stock back and didn't actually allocate it to me, after an email I sent parallel to the Facebook message was responded to saying I have no recourse.

            I emailed and rang up, and they said they will resolve it.

            I think they are hoping I forget so I've commented on their twitter, and emailed them back

            • Korban Dallas on 04/02/2022 - 19:16

              @BigBTrain: They can't allocate until the market opens.i would wait until tonight.

              • BigBTrain on 04/02/2022 - 19:17

                @Korban Dallas: Surely I will see it as pending on my app is its pending allocation?

                Nothing is showing on my app, lol.

                As you can tell, I'm really pissed off lol by this stuff around

          • BigBTrain on 04/02/2022 - 19:16
            +1

            @Korban Dallas: @korban, how many emails or correspondence chains did it take for you to be successfully granted your bonus payment?

  • rw on 05/02/2022 - 18:06

    Commbank finally cleared my payment, was still able to claim the $10 in the app

  • f4te on 09/02/2022 - 13:16

    Received my $10 after putting a helpdesk in, though it's listed as 'promotional' so you can't actually withdraw it… looks like you can only invest it?

    • bobwokeup on 09/02/2022 - 15:10

      Yep and minimum trade of $500

    • shoppe on 09/03/2022 - 16:51

      How did you put a helpdesk in? Through app? What is their email address, phone, chat?? How do I contact them??

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