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[iOS, Android] $10 for Referrer and $10 for Referee after First Virtual Card Usage @ Bano

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[iOS, Android] $10 for Referrer and $10 for Referee after First Virtual Card Usage @ Bano
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hanofee on 10/07/2022 - 10:22 bano.com.au (1652 clicks)
Last edited 11/07/2022 - 13:06 by 2 other users

Found this new fintech startup and tried them. They're actually not bad, though for now, I'd only put small amount to take advantage of their cashback, in case they collapse like other startup recently. They do have a license to operate as financial institution, and their digital payment system is done by Nium, which is a big company overseas, as featured here:
https://finance.yahoo.com/news/bano-nium-enhance-digital-pay…

You do need to do KYC, with phone number and email to verify too, just like most bank account. But if you're afraid on the privacy side of it, pls don't try :)
Everything seems to be few minutes delay with them (including their PayId), but I got my account and virtual card up and running after ~15 minutes and another
10-15 minutes to have my PayId payment credited to play around. The bonus will be credited instantly after first payment with the (virtual) card.

For limited time, they also have a couple of decent cashback offering, the first one is guaranteed but changes every week and you can only see it on the app, once you registered.
E.g: last week one, expiring today (4-10 July), gives $10 back for $20 purchase at Gong Cha, Chatime & Sharetea. Next week (11-17 July) is $10 for $50 at Cotton On group, etc

Additionally they also have lottery cashback of 'up to 20%' with their split bill feature (similar to UP slicing). I tried a few times paying online bill, got ~1% paying my utility bill and 0 when I repeat (maybe because they detect the same merchant), so not counting too much of it. You need to split with other Bano user to try your luck:
https://bano.com.au/split-bill/

Referral Links

Referral: random (72)

$10 for the referrer and referee, after the referee makes at least 2 spends (not a request/split bill), using Bano Mastercard, over $5. Referee must also split bill on a bill paid using Bano Mastercard with another Bano user (not a manual split bill).

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closed Comments

  • Chickenleg on 10/07/2022 - 10:47

    1.8% cashback on everything? Any catches?

    • hanofee on 10/07/2022 - 10:50
      +1

      As with the 20%, it's "up to" too though. I think the only guaranteed cashback is their weekly offering

    • Ding22 on 10/07/2022 - 11:12

      Catch is they collect data on your spending habits? Would be the same as shopback and cashrewards

    • Sudoku6 on 10/07/2022 - 13:09
      +1

      The percentage of cashback returns relies on different factors such as, but not limited to: type of transaction made, who the merchant is, and currency used. These factors determine the percentage of cashback is received and is not decided by Bano. However, unlike most banks where their major income comes from commission fees, Bano's feature of cashbacks ensures that all the commission is shared with the Bano users.

      Very unclear about this

    • ysco on 15/07/2022 - 18:44
      +1

      Cashback is pretty low. I have tried it a couple of times first one was 0.24% and second was 0.04%
      Takes around 2 days before it appears in your account.

    • Mokr on 20/09/2023 - 12:17

      I got like twenty cents cash back after spending like 200.

      So yeah stick with HSBC.

  • szy2k on 10/07/2022 - 10:54
    +1

    Also found this one a while ago but never tried, thanks for sharing, might give it a go.

  • faithdealer on 10/07/2022 - 11:04
    +1

    To use a referral code, I think you need to click the referral button through your phone, which will take you to the app.

    I tried doing it through my Mac and couldn't sign up.

  • Ryk on 10/07/2022 - 11:16
    +4

    *"Bano is not a bank or authorised deposit-taking institution." - https://bano.com.au/

    • meowsers on 10/07/2022 - 12:49

      But it is a deposit taking institution.

      JK JK please don't sue me it's parody.

  • Choc0 on 10/07/2022 - 11:31
    +28

    It's Spanish for toilet, but $10 is $10

  • coolsteps on 10/07/2022 - 13:04

    clicked on link and downloaded apk file avg scan says its suspicious downloaded again via playstore hope its safe and i still get the $10 referral?

  • T-man on 10/07/2022 - 13:20

    So basically it is another version of Revolut

  • YesPleaseThankYou on 10/07/2022 - 13:34

    The cash back terms are too vague to be relied upon. Would not recommend.

  • Chickenleg on 10/07/2022 - 13:54
    +1

    Nice, just made a small purchase on Aliexpress and the bonus came through straight away. Enjoy your tenner random Ozbargainer!

    Now whether to make a trip to Chatime…

  • bwill85 on 10/07/2022 - 14:15
    +4

    Mine is still pending approval, how long does it take

    • kurisu on 11/07/2022 - 13:19
      +1

      Mine took:
      Account approval: 24 h 57 min
      Virtual card approval: <1 min
      Receive payment from bank account: 7 min
      Receive $10 bonus after first spend: <1 min
      Receive $10 in bank account after withdrawal request: <1 min

      • basuracan on 30/07/2022 - 13:22

        Did you need a code for the payment? It is asking me for a referral code which I don't have.

        • kurisu on 30/07/2022 - 15:45

          I used the random referral link to sign up on my PC, then downloaded the app from the Play Store on my phone and signed in with the same phone number I used to sign up. It never asked me to manually enter a code because the code is included in the referral link.

          • capslock janitor on 03/12/2022 - 23:50

            @kurisu:

            signed in with the same phone number I used to sign up.

            do u mean "log in"? and where was sign-up?

  • AzuAzu on 10/07/2022 - 15:25
    +1

    Thanks, simple enough for free $10. A little bit of waiting involved, but bonus was instant.

    Account approval took maybe 20mins
    Applying and getting approved for virtual card took 5mins
    Receiving the small deposit I made via PayID took 30mins
    Spent it on amazon, received the $10 almost instantly.

  • 26ers on 10/07/2022 - 16:19

    Any minimum spend?

    • hanofee on 10/07/2022 - 16:40

      No, I tried mine with $3 when I created

  • huntress_love on 10/07/2022 - 17:15
    +1

    How many virtual cards can you create?

    • kurisu on 11/07/2022 - 14:02
      +1

      One

  • kehuehue on 10/07/2022 - 17:24
    +1

    Hmm clicking referral link shows a page with country code set to 86. Trying 3-4 times and got a message in chinese.

  • ClaudeVL on 10/07/2022 - 17:48

    How do you install app via the referral link? It downloads a apk file rather via play store.

    • AzuAzu on 10/07/2022 - 17:58
      +1

      Just download it from play store after registering, I ignored the apk and still received the $10.

    • hanofee on 10/07/2022 - 18:40

      Worked for me on iOS, maybe other user with Android can comment? It did asked me to enter the phone number first via browser I think, before giving me the link to download the app?

  • jwl81124 on 11/07/2022 - 10:42

    they ask for deposit $700 AUD to get Multi-currency account activation？

  • jwl81124 on 11/07/2022 - 10:54
    -1

    the visual card for free to apply? thanks

    • firestint on 11/07/2022 - 12:33
      +2

      Virtual card, yes.

      • Bdawg on 04/10/2022 - 16:21

        What about the physical card?

  • firestint on 11/07/2022 - 12:33

    Approval took a while, PayID took about 15mins for deposit to come in, bought something and got the bonus instantly.

  • jwl81124 on 11/07/2022 - 12:50

    thank you so much guys!!!

  • ilovefullprice on 11/07/2022 - 13:49

    During KYC, there is one interesting step I haven’t seen used anywhere before. It appears that it’s asking to touch and slide your ID card/docs on your phone, as though it’s some sort of touch sensor. I am guessing this is to ensure you actually have the real thing ID card/docs rather than some sort of photo of it.

    Does anyone know if the above is true?

    • webkit on 04/10/2022 - 16:39

      What phone do you have?
      Some IDs like passports have an NFC chip in them, I know the myGovID app asks you to hold your passport to the back of the phone.

      • ilovefullprice on 04/10/2022 - 17:21

        iPhone 13.

        The Bano app as was essentially asking me to touch & slide my ID doc on the rear camera part of the phone.

        Does iPhones have touch sensors these days? Did you not get this step?

  • jenovax1 on 11/07/2022 - 15:56

    is the cashback on every transaction you make or is it just the specials they list?

    • Sudoku6 on 11/07/2022 - 22:30

      Read the first comment/thread maybe?

    • hanofee on 15/07/2022 - 17:22

      Only the weekly offer is guaranteed. The "up to" one is really random and that means, it can be 0 (got nothing). So far, it's quite decent random for me for the split bills. They also capped the random one at $10 I think as I never seen more than that amount, no matter how big the bills I tried

  • ilovefullprice on 13/07/2022 - 12:45

    Strange how I have 8 ozb referral system clicks but have not received a single referral bonus.

  • blighst on 15/07/2022 - 12:46

    I had a bunch of referrals through my link and even got push notis that they signed up, but no sign of funds

    • domo653q on 15/07/2022 - 17:12

      same

    • hanofee on 15/07/2022 - 17:19
      +1

      I did get a couple credited yesterday and a couple more pending. I guess, not everyone continue to go ahead or use it yet. At least, we got bonus for ourselves when creating

    • Chickenleg on 16/07/2022 - 07:41
      +2

      Seems like people are signing up but not making any purchases to trigger the referral. Nothing for me yet.

      • blighst on 16/07/2022 - 16:31

        I just got one today, so maybe there's hope

  • coolsteps on 16/07/2022 - 13:45

    paid rates using virtual card with a $1 got $10 referral credit instantly. ref 1.8% cash back its not on everything ? so it seems troublesome to work out if its worth using this over hsbc or hiver. so to get up to 20% back on a split bill it needs to be a minimum of $5 and paid by using the psychical card? so can anyone confirm if you earn any cashback by paying power, gov or ato bills ie rates etc using the bano psychical card? can it be done online or has to be instore?

    • hanofee on 18/07/2022 - 14:27

      This one is more like a game of chance, so different model to HSBC or Hiver. The split bill does work on anything though, online or instore, but as it's a kind of lottery, I got 0 on approx 1/3 that I tried and it seems to be also capped at $10 reward. Overall, I got around 2-3% back, which is pretty good, but probably too small sample size for now

    • Sarinella on 27/07/2022 - 14:56

      how do you pay bill or add a bill to Bano?

      • hanofee on 27/07/2022 - 16:35

        I use the card numbers, like any other debit/credit card. Not in Bano. From the ones I tried so far though, buying things from retails (like food or JB, for example) seems to work much better than paying bills (understandable). Some payment like buying gift card from Shopback or Giftz cannot be split (there's no button to do that)

  • theg00s3 on 19/07/2022 - 15:26

    that was quite easy, thanks OP

  • Sarinella on 27/07/2022 - 16:34

    is the cashback on split payment instant? cause I haven't received anything yet

    • hanofee on 27/07/2022 - 16:39

      Yes. That'd mean, unfortunately, u get 0 cashback on that. As my comment above, I found that more often with bills, rather than purchase in-store (though I did get 0 at Woolies too occasionally, but I did hit double digit percentages too in some of the restaurant or store purchase I did, upon splitting).

      • Sarinella on 27/07/2022 - 22:17

        So do you pay the total amount in the store and then request a part of it from a friend?

        • hanofee on 28/07/2022 - 00:47

          Yes, the idea is for sharing the bill after the fact. According to the help, ur friend doesn’t have to be Bano user. Though I think it’s just better/easier if they are, so I never tried otherwise

  • basuracan on 30/07/2022 - 13:21

    How do I get the code? The link doesn't provide a code. Can someone give me a referral code?

    • Chickenleg on 30/07/2022 - 15:09

      Click on where it says Referral Links - random underneath the description up the top of the post and it’ll randomise someone’s referral.

  • ClaudeVL on 30/07/2022 - 15:58

    Does Bano have Osko? It says deposits will take 2-3 days!

    • hanofee on 30/07/2022 - 16:06

      Yes, they have PayID in ur account setting. There’s normally a bit of delay (~15 mins or so) though. If u want instant, u can add cash using applepay/googlepay with other debit card too (not possible with credit card on my app)

      • feihong on 01/08/2022 - 11:57

        I couldn't see any google pay option

  • ClaudeVL on 30/07/2022 - 16:04

    Has anyone used the split bill feature to get 20% off, can some please explain how it works and if you and the people.you split between all getl 20% off each for the portion you pay?

  • magster on 30/07/2022 - 21:34

    How do I add the virtual card to Apple Pay? It doesn’t come up as an option in the app.

    • SydOzber on 31/07/2022 - 13:10
      +1

      Add it manually

  • domo653q on 12/08/2022 - 18:36

    Has anyone contacted Bano support/service and received a reply ?

    • Sarinella on 12/08/2022 - 21:39
      +1

      I did and received a response after a few days

      • domo653q on 12/08/2022 - 22:41

        They read it/ seen it but no comment. That was through the Customer Service page on the app right ? Was it around a week ?

        • Joseph123 on 12/08/2022 - 23:29
          +1

          You just send it again and again until they respond, which is what I did last time.

  • koplik8 on 18/08/2022 - 14:53

    Give it a crack via referal above and see if I get the $10 referral

  • NoDiggerty on 05/11/2022 - 07:31

    I signed up without following a referral link, can anybody DM me a code so I can enter it manually please?

    • Moo Deng on 14/11/2022 - 11:52

      Did you end up getting one?

  • windfloyd on 28/09/2023 - 07:27

    Thanks OP

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