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

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$50 Bonus with new IMB Everyday Unlimited Account: Requires 6 Visa Debit Card Transactions & Minimum $500 Balance by 14/12 @ IMB

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$50 Bonus with new IMB Everyday Unlimited Account: Requires 6 Visa Debit Card Transactions & Minimum $500 Balance by 14/12 @ IMB
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timhn on 12/11/2022 - 20:47 imb.com.au (1181 clicks)
Last edited 14/11/2022 - 17:21 by 1 other user

Ok so IMB is back with the same $50 bonus like the last deal but with different terms.

Exclude customers residing in postcodes 2500-2551 and 2571-2580.

No monthly fees for the first 2 years.

Description from their website:

$50 promotion is valid for new IMB members who open an Everyday Unlimited Account between 30/9/2022 and 30/11/2022. Account eligibility requirements apply. To be eligible for the $50 bonus, new members must make 6 transactions using an IMB Bank Visa Debit Card, and hold a minimum account balance of $500 at the end of the promotional period (11:59pm on 14/12/2022). $50 bonus is only available for new Everyday Unlimited Accounts opened by new members aged 18 years and over, and with a residential postcode outside 2500-2551 and 2571-2580. Offer excludes Everyday Unlimited Kick Start accounts. Bonus $50 payment will be paid by 31st December 2022.

So basically, to get the $50 bonus:

Open account by 30 Nov
Make 6 transactions
Deposit $500 into account before 14 Dec.
Set reminder on 31 Dec to check for bonus money.

Make sure your residential address is outside 2500-2551 and 2571-2580.

Financial Bank Account Transaction Account

Related Stores

IMB Bank
IMB Bank

closed Comments

  • Thrifty Dan on 12/11/2022 - 20:58
    +6

    Too hard… there are easier ways to get 50$!

    • shap08 on 12/11/2022 - 21:01
      +11

      Like behind Wendy's?

  • dm02 on 12/11/2022 - 21:20
    +4

    weird terms, why don't they accept those postcodes?

    • timhn on 12/11/2022 - 21:27
      +4

      Geo-discrimination ?

    • El-Rhi on 13/11/2022 - 11:41
      +4

      They are trying to attract new customers from outside their main region of the Wollongong area

      • dm02 on 13/11/2022 - 13:15
        +1

        makes sense

  • dumdum2 on 12/11/2022 - 21:21
    +2

    Surprised it's legal to discriminate against specific postcodes lmao

    • Phantomsurfr on 13/11/2022 - 00:57

      Could you consider a postcode an ethnicity.

  • bdl on 12/11/2022 - 22:47
    +3

    They don't want you rocking up in person to their branches wearing your ozbargainer tshirt if your bonus doesn't come through :)

    • Thrifty Dan on 12/11/2022 - 22:52
      +1

      Is there an OZBARGAINER T-SHIRT?

  • Poor Ass on 12/11/2022 - 22:51
    +3

    IMB? Never heard of them

    • puglikesabargain on 12/11/2022 - 22:59
      +3

      They were the Illawarra Mutual Building Society, based in Wollongong.

  • radicalvin on 13/11/2022 - 00:36
    +1

    Could we get this again if we opened and closed from the last deal?

  • lc0 on 13/11/2022 - 00:38

    Are there monthly fees or not? When I go to apply for an account, it says "There is no monthly account keeping fee when the balance remains over $2,000", and "$6 monthly account keeping fee applies to accounts where balances fall below this amount (referring to the $2000)"

    • NoDiggerty on 13/11/2022 - 00:42

      What's your question then? The terms as you've outlined them are pretty clear.

      • lc0 on 13/11/2022 - 01:14
        +2

        On the link to the deal, it says "1. No monthly fees (normally $6) for the first 2 years for the new Everyday Unlimted accounts opened by new members aged 18+ with a residential postcode outside 2500-2551 and 2571-2580", i'm guessing there aren't any fees if you meet this criteria

  • Eeples on 13/11/2022 - 08:36

    You would need to pay tax on the $50, right?

    • I like freestuff on 13/11/2022 - 09:31

      No.

      • Eeples on 13/11/2022 - 19:43

        Why not?

        • timhn on 13/11/2022 - 21:43

          Imagine the nightmare if tax on cashback from credit card deals.

        • vikvance on 14/11/2022 - 10:47

          The general tax principle is that you are only taxed on "income", meaning income that you produce with some effort, whether it is physical effort (work wages) or mental effort (dividends, capital gains & interest on your capital).

          The $50 cash back is similar to a gift or a discount, which is given to you for opening the bank account. It is similar to JB Hifi offering you a $50 discount, if you buy a TV, which is, of course, never taxable.

  • NeoM on 13/11/2022 - 11:37
    -1

    $6 account fee when balance falls below $2000
    Highest value of $5 or 2.5% for international transactions.
    $4.50 fee for Bank@Post.

    Not negging the deal as such, but definately would not stick around with this bank

    • dm02 on 13/11/2022 - 13:16
      +1

      "Not negging the deal as such" >negs the deal

      • NeoM on 13/11/2022 - 14:00

        It's a valid reason to neg. People should know the fees aren't great.

        • dm02 on 13/11/2022 - 14:01
          -1

          ik i was just pointing out that you said not negging the deal as such then negged it

          • peter05 on 13/11/2022 - 14:23
            -1

            @dm02: They've commented that they're not against the deal, free $50 is $50, but they're against the business practices of the bank (high fees). What is confusing?

    • puglikesabargain on 13/11/2022 - 17:32

      The web link states "No monthly fees (normally $6) for the first 2 years for the new Everyday Unlimted accounts opened by new members aged 18+ with a residential postcode outside 2500-2551 and 2571-2580. Fees apply to international transactions and transactions performed via non-IMB channels."

  • thomalfa on 13/11/2022 - 16:00
    +2

    Don’t bother… plus their system is crap… they still owe me $50 from opening last account. I end ditching the money… not worth the trouble

    • vikvance on 14/11/2022 - 10:49

      Did they give any reason for not paying the $50 ?

      • thomalfa on 15/11/2022 - 21:39

        It’s not even up to that far that made you gave up for the money.
        It’s their verification system and their branch system. On the phone they said can’t verify you and ask you to the branch, when in the branch their system is faulty and requires IT attention but after 2 hours no one response.
        So good luck to that.

  • sky blu on 23/11/2022 - 18:24

    Does anyone have trouble depositing money? I tried with ING and kept getting "a technical error is preventing us from processing your payment".

    • kehuehue on 23/11/2022 - 20:16

      I couldnt transfer from Osko. Later got a call to have my info validated, which they send a letter via snail mail. So silly.

      • sky blu on 23/11/2022 - 20:17

        So have you been able to make a transfer yet? Can't make 6 transactions if can't transfer lol.

        • kehuehue on 23/11/2022 - 20:19
          +1

          Yes it defaults to the basic bank to bank transfer which takes 2-3 days (not instant with Osko)

          Edit: used Up to transfer

  • kehuehue on 23/11/2022 - 20:15

    The app is so bad. Doesnt even have a card activation option. Have to do it from Internet banking.

    And you cant see your card details in the app as well.

  • toobzy on 04/12/2022 - 23:48

    Do you think google pay purchases with the card is ok to qualify for the 6 transactions?

  • rokufan on 27/12/2022 - 00:21
    +2

    Anyone receive their bonus yet?

    • MiscOzB on 29/12/2022 - 07:58
      +3

      Still nothing here…

    • A2E2 on 31/12/2022 - 10:10
      +3

      Not yet

  • jwl81124 on 30/12/2022 - 12:56
    +4

    NOTHING

  • kehuehue on 31/12/2022 - 11:55
    +3

    Haha nothing yet here too, put up a reminder too for 31 Dec

    Hopefully by end of next week considering holidays

    • JP2019 on 02/01/2023 - 11:35
      +1

      Nothing here too

  • puglikesabargain on 02/01/2023 - 16:14
    +1

    Still haven't received the bonus !!!! GRRRRRRR !!! :(

    • kehuehue on 03/01/2023 - 13:25
      +2

      yeah pretty annoying, nothing here today too.

  • shivangit on 03/01/2023 - 15:42
    +2

    has anyone got IMB bonus yet??

    • puglikesabargain on 03/01/2023 - 15:58
      +1

      still nothing - I can't believe that a "bank" would not honour an advertised deal :(

  • puglikesabargain on 03/01/2023 - 16:14
    +1

    I notice that IMB Bank are at it again "$50 promotion for new IMB members who open an Everyday Unlimited Account between 12/12/2022 and 31/1/2023. Account eligibility requirements apply. To be eligible for the $50 bonus, new members must make 6 transactions using an IMB Bank Visa Debit Card, and hold a minimum account balance of $500 at the end of the promotional period (11:59pm on 14/2/2023). $50 bonus is only available for new Everyday Unlimited Accounts opened by new members aged 18 years and over, and with a residential postcode outside 2500-2551 and 2571-2580. Offer excludes Everyday Unlimited Kick Start accounts. Bonus $50 payment will be paid by 7th March 2023. IMB reserves the right to change or withdraw these offers at any time".

    Perhaps this bank should pay up on the past promotion, as promised, before advertising yet another bonus !!!

  • JP2019 on 05/01/2023 - 10:02

    Has anyone received the bonus yet?

  • rokufan on 05/01/2023 - 15:12
    +1

    Got the bonus today!

    I sent a message yesterday and they replied they had escalated my request to the relevant department for review and processing. Either that did the trick or the bonus was scheduled to be paid today anyway.

    BTW, For anyone considering using IMB as their regular bank: the app crashes constantly, to the point where I haven't been able to open it the last few days; the web is also buggy throwing up error messages.

  • puglikesabargain on 05/01/2023 - 15:43
    +2

    I sent a message yesterday through the IMB Facebook page via messenger. They promptly acknowledged my message and investigated. The bonus was paid into my account within the next 20 minutes and an apology for the delay was given.

    • JP2019 on 05/01/2023 - 21:22
      +1

      I contacted them today via the chat function in their app and they said they need to pass on the info to the other team blah blah. Not only the delay is disappointing, my interaction with them via chat is also not good. I have to wait for 4 hours for someone to get back to me and they don’t even bother to say good bye.

    • kehuehue on 06/01/2023 - 12:03

      IMB Facebook page via messenger

      wanted to try that out but it says "Typically replies within a day". Edit got a response, faster than app chat

  • MiscOzB on 05/01/2023 - 22:54
    +2

    Bonus came through for me today too, a couple of days after calling them.

  • kehuehue on 06/01/2023 - 13:04
    +3

    Got mine today couple of mins ago, now the bloody app keeps crashing

  • JP2019 on 06/01/2023 - 14:32
    +1

    Finally received mine after contacting them both via the app and facebook messenger chat.

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