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$50 Cash Bonus for Opening a No Monthly Fee Transaction Account with ME Bank

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$50 Cash Bonus for Opening a No Monthly Fee Transaction Account with ME Bank
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spendinghacker on 04/05/2013 - 17:21 mebank.com.au (6375 clicks)

Similar to a promo they had in late 2012 as described here: http://www.ozbargain.com.au/node/81565

Open the account and make three credit purchases with the debit card within 30 days from that to receive $50 in cold hard cash deposited in your new transaction account to do as you please.

The transaction account itself has no monthly fees or electronic transaction fees.

Full T&Cs from the website:

Available to customers who open an EveryDay Transaction Account (ETA) between 24/04/13 and 30/06/13. Existing ME Bank customers who already hold an ETA on or prior to 23/04/13 are not eligible to participate.

To receive the $50 credit, eligible customers must make three (3) purchases of $10 or more using their Debit MasterCard within the first 30 days of the account being opened. Eligible purchases include any transaction where ‘Credit’ is selected. PayPass transactions are included. Entry will not apply to ATM transactions, EFTPOS payments pressing ‘Savings’ or ‘Cheque’, BPAY®, PayAnyone, Phone or Internet Banking, direct debits or credits, cheques or Bank@Post transactions.

Qualifying customers will receive the bonus credit in their ETA within 60 days of the account being opened. Only one $50 credit per customer and account regardless of the number of ETAs held.

Referral Links

Referral: random (30)

$150 Coles Group & Myer Gift Card for both referree and referrer when loans are settled.

Financial Bank Account Debit Card Transaction Account

Related Stores

ME Bank
ME Bank

closed Comments

  • PissLUR on 13/06/2013 - 20:35

    does this $50 cashback need to be declared as an income when doing tax return?

    • ilikebargains on 14/06/2013 - 00:43

      if you supplied your tfn to the bank, then yes

      • PissLUR on 14/06/2013 - 09:25

        What about the 5% ing cash back?

        • ilikebargains on 14/06/2013 - 11:35

          that what i'm not 100% sure. it's not classed as interest, it's a rebate offer so i'd say no, but i'm no tax agent, so ask them.

  • PotPlant on 14/06/2013 - 16:04

    Hey, Just some advice. I just made three online payments using this card to pay my optus bill. It has shown up as three $10+ transactions on the ME Bank online statement thingy. I have not yet received the $50. Do you guys think online bills are excluded from this deal?

    • vipulrm on 14/06/2013 - 16:22

      Did you pay via BPay or use it as a Credit Card?

      • PotPlant on 14/06/2013 - 18:04

        As a credit card. Maybe I'm just impatient. How long did it take for everyone else to get the big $50?

        • vipulrm on 14/06/2013 - 19:12

          I think I got an email saying I had qualified within a week of the 3rd transaction and the money came in a few days later.

  • ilsan0 on 14/06/2013 - 19:13
    +1

    I didnt get mine yet :(
    No email either

    • ilikebargains on 15/06/2013 - 01:23

      depends when you signed up, if they're anything like ING, they'll do them in batches depending on when you completed it all

  • PissLUR on 19/06/2013 - 16:13

    just got another email notification that my bonus payment is on its way..

    hoping for a second bonus payment. lol

    • ilikebargains on 19/06/2013 - 16:13
      +1

      i just got a second one two minutes ago as well

      • cpho on 19/06/2013 - 17:13

        Yup, me too!
        but I already closed my account so.. dang.

      • spendinghacker on 19/06/2013 - 21:06

        How did you manage to score the bonus twice?
        Two accounts for two different people or split personality ;-)?

        Either way, good on ya!

        • ilikebargains on 19/06/2013 - 21:08

          I got a second email, not a second payment.

        • eleana on 19/06/2013 - 23:15

          Yes. My hubby got another email today as well. It's identical to the one received before. … Not sure if we should spend another 3*$10 to get another $50????

    • BrisbaneBargainer on 19/06/2013 - 23:52

      I havent received my first payment as yet.. let alone a second one!

  • gimme on 19/06/2013 - 23:56

    lol I got a 2nd email too. Sadly my account is closed so I don't think it's going anywhere.

  • Scaregdearimasu on 20/06/2013 - 16:51

    any clue if theres a fee to use the debit card as a credit card at say a petrol station like 7/11?
    Hope they don't mind me buying 11$ of petrol 3 times lol.

    • eleana on 21/06/2013 - 09:18
      +1

      You have to use it as a credit card to get bonus. But remember deposit enough money before you use it.

      • Scaregdearimasu on 21/06/2013 - 09:31

        yeah I've deposited some money but was wondering whether theres a fee to use a credit card with 7/11 I remember this being a problem with my with a previous credit card. like a 2% fee to use a credit card at their location or something.

        • vipulrm on 21/06/2013 - 09:47
          +1

          If you are talking of a surcharge on credit cards, then yes, you will need to pay it if you use the credit account on the card. This is similar to what Aldi does.

        • Scaregdearimasu on 21/06/2013 - 09:50

          bummer oh well still almost $50 free.

        • eleana on 21/06/2013 - 09:52
          +1

          I don't think 7/11 charges a transaction fee on Mastercard. The small fee you said is normally imposed by the small shops when they prefer cash payment, and there is always a note near the cash register telling you about the surcharge.

          7/11 has paywave, so you can just tap and go.

          If you are still worried, just ask the cashier if there is any surcharge using the credit card before you pay. I highly doubt there is one.

        • Scaregdearimasu on 21/06/2013 - 11:12

          oh cool always wanted to try that pay wave thing. too bad it's not built into the pumps at the one near me. Wonder how the tellers gonna feel when I come in buy 11$ and repeat 2 more times ha.

          so just to confirm paypass is considered a Credit function then?
          from what little I can find on whirlpool/master cards website looks like it is but just want to confirm.

          also neat the new paypass uses nfc tech so you don't have to worry as much like those rfid cards.

        • eleana on 21/06/2013 - 11:45
          +1

          PayPass transactions are included. You can read OP's post. It's part of the T&C of the promo.

          I'm not quite sure about the NFC things though.

        • vipulrm on 21/06/2013 - 11:59
          +1

          NFC (Near Field Communication) is technology jargon for contactless communication.

          PayPass and PayWave are product branding by MasterCard and Visa, respectively, for contactless payments using cards.

          Though NFC encompasses much more than just payment cards (mobile, security, etc), within the purview of this discussion, they all mean the same.

        • Scaregdearimasu on 21/06/2013 - 12:34

          Yeah but it's even cooler then Rfid based cards because with those anyone with a rfid reader in a briefcase walking down the street near you can read your card where as Nfc only works within a practical distance of 4cms so that makes it a lot more difficult for the briefcase reader to be used. They would need to pretty much bump into you and know where your card is to do this successfully.

        • Scaregdearimasu on 21/06/2013 - 12:36

          oh sweet thats pretty definitive ha surprised I forgot to look up there.
          Thanks :D

  • gimme on 20/06/2013 - 21:02

    No mate. It's all good.

  • coolhead on 21/06/2013 - 11:15

    just received my $50…now will wait for a few days before i close it… :)

  • nadan on 21/06/2013 - 14:49

    I just got my $50. Very happy with these guys compared to commbank.

  • Terryw on 23/06/2013 - 11:36

    Does anyone know when the 30 days starts? I just got back from o/s to find the card here, but its been well over 30 days since I opened the account. Is it 30 days after activation?

    • Scaregdearimasu on 23/06/2013 - 12:53

      "within the first 30 days of the account being opened" wonder how long it took them to mail me the card now :/

    • spendinghacker on 23/06/2013 - 16:28

      Scaregdearimasu is correct.

      It's within 30 days FROM ACCOUNT OPENING.

      Given the scenario you described, you almost certainly won't get paid.

  • outlander on 30/06/2013 - 21:42

    Last day to open an account

  • coolhead on 01/07/2013 - 11:04

    i have got my $50 now… how long you guys before you clsoe your account ? and what reason to give?
    I havent done this in the past so just cant think of good excuse to close my accoun t:)

    • spendinghacker on 01/07/2013 - 14:38

      No reason to think of excuses. Don't worry, they won't ask for their money back :-).

      Simply call them and tell them you want all accounts closed and Internet Banking removed. Then, cut up the debit card and chuck in the bin.

      Account closing completed!

      • coolhead on 01/07/2013 - 14:42

        cool.. thanks

  • vipulrm on 04/07/2013 - 10:25

    Did anyone get another email saying "YOUR BONUS IS ON ITS WAY"? This is the third time I am getting this - just the email, not the bonus. Looks like a bug in the email delivery system.

    • Scaregdearimasu on 04/07/2013 - 10:43

      still haven't gotten my email how long after the three purchases do you have to wait?

    • PissLUR on 04/07/2013 - 11:34

      me too…

      third email.. Grrr

  • elgoog on 05/07/2013 - 14:28

    Received my $50! Very easy cash! =)

    • Scaregdearimasu on 05/07/2013 - 18:06

      Cool just got mine too never did get the email letting me know I had correctly made 3 purchases though

  • ifixa on 05/07/2013 - 22:39

    Just received the $50 :D

  • LadyCocoa1234 on 16/07/2013 - 22:24

    I haven't recieved my $50 yet :-(

    • HONDA4LIFE on 18/07/2013 - 15:11

      Same here…still waiting.

  • snvl on 19/07/2013 - 15:06

    got my $50 a few days ago, just cancelled my account. Any word of when is the next cash bonus!!!

    • spendinghacker on 20/07/2013 - 09:10

      Make sure your internet banking ID is disabled as well.

      You need to cut all ties with ME Bank in order to ensure success in the next promo

  • Franconian on 26/07/2013 - 16:01
    +1

    Did not get my $50 and ME Bank refuses to honor.

    I opened my account beginning of May. Debit card was received mid June, therefore impossible to fulfill the criteria (3 credit transactions within 30 days).

    I have forwarded a complaint to ME Bank without success. Just lodged a dispute with the Financial Ombudsman Service.

    • HONDA4LIFE on 26/07/2013 - 16:03

      Let me know how you go.

      I made the same complaint. I thought the account activation would have been from when the card was activated.

      I told them how can I use the account when I don't get the card till a week after the application.

      • Franconian on 27/07/2013 - 16:28

        They told me this never happened before…

    • retiredfeline on 27/07/2013 - 17:25

      Ha you actually have a card. I haven't even got mine yet even though I applied in June and got the SMS and email saying that my account is open. They look like a mob of incompetents to be charitable. Otherwise, how convenient that I can't get the bonus within the 30 days, huh?

      • retiredfeline on 16/08/2013 - 09:28

        It turns out that they sent it to the wrong address. When I contacted them, they had dropped a digit from the front of my address. I'm pretty sure the right address was entered since it was autofilled by them using electoral rolls. That really makes me confident in their competence. Not!

        Oh well, at least the card is on the way, so they say. Could still be useful as a MC debit card for paying greedy airlines.

  • Dacs on 01/08/2013 - 21:24

    I didn't get it either. I made the transactions about 2 weeks after I activated the card (which I thought was the date of opening the account), but they say the transactions were 31 days after I had opened it :-(

    • HONDA4LIFE on 04/08/2013 - 10:18

      I thought the same…got jipped!!
      Anywhoo, closed the account straight after, ready for next time.

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