Bonus $50 When You Open a Reward Saver or Reward Saver Kick Start Account (Minimum Balance of $500) @ IMB Bank

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crackman on 27/08/2023 - 13:55 imb.com.au (718 clicks)
Last edited 27/08/2023 - 17:00 by 1 other user

Similar to previous deals (eg https://www.ozbargain.com.au/node/755245) except you need to hold $500

Doesn't support osko fast transfer unless you confirm identity in a branch but you can schedule a transfer for next day

There's been issues about get the $50 looking at some of the previous deals posted. New members only it seems, my interpretation is that you can't have held an account previously

From the website:

We'll add $50 into your eligible new Reward Saver Account.*
If only making money was always this easy.
New members who open a new Reward Saver or Reward Saver Kick Start account1 by 31 August 2023 and hold a minimum balance of $500 by 15 September 2023 will get a BONUS $50*.

Edit to make the bold writing which is easily missed but important

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IMB Bank

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  HopSkipJumpFallSplat on 27/08/2023 - 14:08

  Closed an IMB accnt last Oct, will have to go read the T&C's when I can get their page to load.

  Reading previous deal sounds like you can't close, wait x months and open again for another bonus.

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  ARUN365 on 27/08/2023 - 14:27

  Doesn't look like previous account holders can get the bonus again as mentioned in the T&C's….

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    crackman on 27/08/2023 - 14:50

    That was my interpretation too

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  nned2say on 27/08/2023 - 15:00

  I opened a saver account and tried to transfer money into the new account. However, it failed and the system said that the account seemed to be closed. Do I need to open an everyday transaction account as well?

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    HopSkipJumpFallSplat on 27/08/2023 - 15:01

    They don't support Osko payments, try a different method(osko disabled) or scheduled payment.

    Osko apparently can be enabled via visiting a branch or filling forms they can mail out.

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      payton on 27/08/2023 - 15:08

      i'd expect to see a Pony Express flyer when I walk into the branch
      this bank is so outdated

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  Shaunzki on 27/08/2023 - 16:03

  How do you do a non osko payment? Anyone found an easy workaround?

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    HopSkipJumpFallSplat on 27/08/2023 - 16:08

    +1

    Ubank lets me do it with a scheduled payment.

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    Graffin on 27/08/2023 - 16:43

    +1

    You can do it from any bank, just set the transfer date to tomorrow or 2 days from now and it'll work. It'll just take a day or two (after your transfer) to show up in the account.

    Note: You have to jump through hoops to prove your identity to make Osko and PayID work unless you have a branch nearby, and a physical card has a monthly fee on it. Worst bank i've dealt with.

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      qx81 on 27/08/2023 - 18:03

      I agree totally. I cannot transfer my money to it and got no bonus, they take my data, and forced me to have an empty account with them. I called up their customers support, they were hopeless, wasted my times and all.:( :( :(.

      Why do they make this requirement for verification, it's not like they got thousands of branches nationally. Just a handful of physical branches and demand these requirements. I think this bank look very suspicious.They do not really care about a banking business, they just want your ID and you become their members

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      Shaunzki on 27/08/2023 - 20:43

      Oh easy! Thank you.
      So I assume on the 15th you get the $50 and can transfer the $550 out, but it'll just take a couple days to process?

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    capslock janitor on 27/08/2023 - 20:19

    USE BEEMIT ?

    PHYSICAL CARD REQAUIRED

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      guyinmelbourne on 27/08/2023 - 23:47

      Yes.
      ..beemit wud work….

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  novicenow on 27/08/2023 - 18:13

  I had the account and got the bonus $50 during the prior deal, and wasn’t eligible for the last one. So indeed, if you’ve availed the deal once, you can’t again.

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  Ozzy Ozbargain on 27/08/2023 - 21:11

  *$50 promotion is valid for new IMB members who open a Reward Saver or a Reward Saver Kick Start Account between 01/07/2023 to 31/08/2023, and have not previously held an IMB membership, Reward Saver or Reward Saver Kick Start Account. Account eligibility requirements apply. Can not be used in conjunction with any other IMB account offer. Bonus $50 will be paid within 30 days of promotion end date. To be eligible for the $50 bonus, new members must hold a minimum account balance of $500 at the end of the promotional period (11:59pm on 15/09/2023).

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    Ozzy Ozbargain on 27/08/2023 - 21:13

    +1

    I opened an account and scheduled a transfer of 500 on the 13th, I'll transfer it back the following Monday and wait for the 50 bucks to land which could be 30 days

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  guyinmelbourne on 27/08/2023 - 23:01

  I got the promotional 50 dollars last time… use beemit to transfer the money…and it worked….

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  Illenium3 on 28/08/2023 - 14:02

  Is the process hard to sign up>

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    crackman on 28/08/2023 - 14:35

    Sign up is easy. Transfer money in is hard

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      Illenium3 on 28/08/2023 - 14:54

      +1

      I tried signing up and it said i needed to contact them

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        Popid on 29/08/2023 - 14:10

        Same. After just erroring out the first try

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  AntonChigurh on 21/09/2023 - 12:02

  $50 bonus cash received on Sept 21.

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    crackman on 21/09/2023 - 12:07

    Me too. Not so easy $50 but hey still $50!

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  AntonChigurh on 23/09/2023 - 21:37

  Has anyone utilised the referral offer for IMB? I received a thing in the mail offering $50 each for referee and new customer. It says the ew customer has to present the voucher at a branch, which isn’t possible for me being interstate.

  Briefly looking at new sign up process online I couldn’t see anywhere to put in the referee details.