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FREE $50 for Opening CBA GoalSaver Account

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FREE $50 for Opening CBA GoalSaver Account
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luker9001 on 22/05/2013 - 21:51 commbank.com.au (7437 clicks)
Last edited 23/05/2013 - 14:07 by 1 other user

Just got some physical spam today, showing that the recent trend of banks giving us free money is still well and alive.

Basically open a GoalSaver account, leave it empty (because their interest rate is pathetic) until just before 11.59pm AEDST on 26/07/2013, transfer $200 into it, then transfer it out the next day and wait patiently for $50 to be credited to your account by 19/08/2013, then close the account, ready to take advantage of the next round of free money!

Copy pasta of full terms and conditions on the website:

*Rate includes a variable bonus interest rate of 3.65% p.a. above the standard variable interest rate of 0.75% p.a., which is paid on account balances up to and including $100,000 if the closing balance on the last day of a calendar month is at least $200 higher (excluding interest earned) than the opening balance on the first day of the same month, with no more than one (1) withdrawal in the same period. The standard variable rate of 0.75% p.a. will apply on any portion of the balance over $100,000. The above rates are current as at 21.05.13 but are subject to change at the Bank's discretion. A maximum of two (2) GoalSaver accounts per customer can be opened.

^Offer only applies to customers who open a new GoalSaver account by 28/06/2013, deposit $200 or more into their new GoalSaver Account by 11.59pm AEDST on 26/07/2013 and retain a balance of at least $200 in their new GoalSaver account as at 11.59pm AEDST on 26/07/2013. You will be ineligible for the $50 offer if your account is closed, transferred or in default at any time prior to the $50 being credited to your account. $50 will be credited to your account by 19/08/2013. A maximum of two (2) GoalSaver accounts per customer can be opened. A limit of one (1) $50 credit per customer.

This advice has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Terms and conditions for transaction and savings accounts mentioned are available here (PDF 660KB). Please read our Financial Services Guide (PDF 60KB).

Mod: Terms and conditions have been altered from the above description. It now reads:

Offer only applies to selected CommBank customers who were sent the communication for this offer and who open a new GoalSaver account by 28/06/2013, deposit $200 or more into their new GoalSaver Account by 11.59pm AEDST on 26/07/2013 and retain a balance of at least $200 in their new GoalSaver account as at 11.59pm AEDST on 26/07/2013. You will be ineligible for the $50 offer if your account is closed, transferred or in default at any time prior to the $50 being credited to your account. $50 will be credited to your account by 19/08/2013. A maximum of two (2) GoalSaver accounts per customer can be opened. A limit of one (1) $50 credit per customer.

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closed Comments

  • clem0ximus on 29/07/2013 - 08:50

    Nothing has shown up in my account yet, I applied through their weblink via netbank way before they updated the T&C.

    • SummerMan on 29/07/2013 - 08:51

      You will be ineligible for the $50 offer if your account is closed, transferred or in default at any time prior to the $50 being credited to your account. $50 will be credited to your account by 19/08/2013.

  • sharethelove on 29/07/2013 - 10:01
    +1

    Pardon me, as per the conditions, does it mean we couldn't transfer the money out today until we receive the $50 in our account?

    • SummerMan on 29/07/2013 - 10:02

      You can transfer out but cannot close your account…

      • sharethelove on 29/07/2013 - 10:09
        +1

        Awesome, thank you very much SummerMan.

  • AndyRates on 30/07/2013 - 19:53
    -1

    has anyone got the $50 bonus yet?

    • snvl on 30/07/2013 - 21:26

      "$50 will be credited to your account by 19/08/2013."

  • Ash-Say on 04/08/2013 - 10:59
    +1

    wait for another week!!

    Thank you for emailing me in regards to our $50 Goal Saver promotion offer and I hope this email finds you well.
    I have looked into your enquiry and I can confirm that the $50 Goal Saver promotion will be processed by the 10/08/2013 to all our eligible customers and I do appreciate your patience.
    For more information in regards to your enquiry please contact us on 13 22 21 our lines are open 24 hours, 7 days a week.

    • SummerMan on 04/08/2013 - 11:54
      -1

      Great… 19 August is pushed to 10 August - Note that it is Saturday!

  • tap on 05/08/2013 - 11:01
    +1

    "eligible customers"… meaning those who set an account up before they modified the terms and conditions?? Or those who received the promo email directly from Commbank??

    • MattyD on 05/08/2013 - 13:27
      +2

      I think we know which CBA will pay. For the rest of us who were not emailed, but opened before the T&C changed it will probably depend on how our particular case is stonewalled/escalated by customer service.

      I for one pity anyone (including my bank manager) that tries to tell me I don't qualify for the original T&C simply because they changed them after I opened my account. I'm a nightmare to deal with when stuffed around - measured and calm but unwavering in purpose.

      A bit like Terminator 2, if he could be bought off with $50.

  • Ash-Say on 05/08/2013 - 18:08
    +2

    We all can hit them hard because change of Ts & Cs is not going to save CBA. If they are not honouring the bonus, they are committing marketing misconduct and all of us can lodge a compliant with ASIC and their might a be regulatory enquiry into CBA promotions.

    In addition, if you choose to go to FOS, CBA will have to pay $150 for each complaint lodged with CBA and CBA must pay this amount as soon as the complaint is escalted to FOS. As such, CBA will try their level best to avoid FOS complaints.

    Good Luck!!

    • MattyD on 06/08/2013 - 08:52

      Hey bluecasper do you have any links/refs so we can read about the FOS fees etc for ourselves? I'm keen to go armed with this sort of knowledge into any 'negotiation' :)

  • czking on 06/08/2013 - 23:27
    +1

    let's waiting for one more week

    • HONDA4LIFE on 07/08/2013 - 21:15

      I agree..will have to wait this out a little longer.

  • issh on 08/08/2013 - 17:22
    +4

    RECEIVED

    $50 bonus promo
    Goalsaver Cashback

    Applied on the day it was posted, before the T&Cs changed
    Was already an existing Commbank customer

    • zmu on 08/08/2013 - 17:23
      +2

      Received mine today as well! Applied the day before T&C's changed.

      It seems pitchforks should be lowered for now.

  • cj3 on 08/08/2013 - 17:25
    +1

    Got the $50 bonus, from second goalsaver account.

    • delusioned on 08/08/2013 - 17:26
      +1

      yup my second goalsaver as well.

  • c64 on 08/08/2013 - 17:54

    sounds encouraging. they must be starting to process them.

  • SBOB on 08/08/2013 - 17:58

    same…received mine today

    • SBOB on 08/08/2013 - 18:13

      and its transferred out…

      Wonder if the commonwealth bank is looking at their accounts and doing this:
      http://imgflip.com/i/2vcsc

  • PissLUR on 08/08/2013 - 18:28

    hahahaa.. got the money too.. thanks op and cba.

  • cartman on 08/08/2013 - 19:21

    Got mine too, thanks OP

  • cyrax83 on 08/08/2013 - 19:53

    Got my $50 today woohoo! I didn't think it would show

  • VehemenceThePhoenix on 08/08/2013 - 20:08

    just received payment =]

  • tikei on 08/08/2013 - 20:50

    not yet for me… but sounds promising…

  • HONDA4LIFE on 08/08/2013 - 20:59

    Yep, payment received for me :-)

  • snvl on 08/08/2013 - 21:40

    All good here too

  • Sebby on 08/08/2013 - 22:28
    +1

    Received my $50 bonus today 8-8-2013
    I opened the account 22-5-2013, this was my second goalsaver account I opened, both were active at the same time.

  • xyann on 08/08/2013 - 23:34

    got mine today too! good that CBA honours it.

  • mrgeckoz on 09/08/2013 - 01:09

    got mine as well!

  • Graffin on 09/08/2013 - 04:19

    Yep, got mine too!

    08 Aug 2013
    $50 bonus promo
    Goalsaver Cashback
    +$50.00

  • alwaysis on 09/08/2013 - 06:51

    Received mine :D

  • peterlong1952 on 09/08/2013 - 07:03

    Got mine this morning.

    • Ash-Say on 09/08/2013 - 07:18

      Did you apply before or after change of Ts and Cs?

  • whitenite on 09/08/2013 - 08:27

    Got mine 8/8, already a Commbank customer previously but didn't get an invite. Applied before they changed the T&Cs. Thanks OP.

    • MattyD on 09/08/2013 - 08:54

      Ditto me guys. I applied before T&C changed, Existing CBA customer, no invite, paid.

  • oak on 09/08/2013 - 09:31

    Received the $50 on 8/8. Applied on the morning just before T & Cs changed. Existing CBA customer, no invite.

    Good work CBA!

  • twodollah on 09/08/2013 - 10:08

    $50 bonus received today!

  • AndyRates on 09/08/2013 - 11:15

    Received too $50. No invite. Before T&C changed and previous Netbank user

  • Pripswr on 09/08/2013 - 12:28

    Also received the $50.

    I applied after the T&Cs were changed, account was opened on 23/05/2013 03:01 PM. Existing CBA customer, no invite.

  • May4th on 09/08/2013 - 12:32

    signed up before tc change and recwived. thanks OP!

  • Ethereal Winter on 09/08/2013 - 13:32

    Haha I got the 50$ as well. I didn't get sent an invite and neither did I complain about the change to the T&C. Good guy Commbank.

    Now is there a way of closing the account online (I already have another goalsaver account already and I don't need two) or do I have to call up?

  • Piquant on 09/08/2013 - 18:45

    Received my $50 yesterday! Didn't expect to get it. I only found about this offer thanks to OzBargain.

  • MatrixM on 09/08/2013 - 22:52

    Received mine yesterday too :D
    Nice!
    for the record: applied before the terms and conditions change.

  • nucgaek on 09/08/2013 - 23:37

    "You will be ineligible for the $50 offer if your account is closed, transferred or in default at any time prior to the $50 being credited to your account."

    Does this mean you can transfer money in and out before 26/7? I used it a few times, withdrew, then deposited $200 on the 22nd and withdrew it again on the 29th. Guess I'll have to wait a while

    • leonheart1 on 09/08/2013 - 23:39

      I didn't touch mine after I deposited money into it and I still didn't get the $50 bonus today. Didn't even get the 'bonus interest' for this month either.

      Guess I'll find out what's going on next week.

  • Turd on 10/08/2013 - 00:03

    I got the bonus $50 in the account! WOoo

    Transferred the total into my usual account.

    Easy as!!

  • nahi11 on 10/08/2013 - 11:21
    +1

    Strange I didn't receive mine…

    • c64 on 10/08/2013 - 13:02
      +1

      i suspect they are still processing them

  • freemoneyhunter on 10/08/2013 - 11:46

    Nothing here yet, but I got $50 from the mywealth promo this week.

  • Ash-Say on 10/08/2013 - 12:29
    +1

    I didn't receive it either. Will challenge it on Monday

  • dins on 10/08/2013 - 23:43

    Thanks OP

  • jm48 on 11/08/2013 - 10:23

    Another happy customer.
    And I didn't get an invitation.
    Thanks OP.

  • ozy on 11/08/2013 - 19:23

    Got the $50,, wasn't a customer previously, applied before T&C's changed.
    Thanks OP!
    Will close the account tomorrow.

  • tap on 11/08/2013 - 20:41

    Thanks OP! I got my $50 last week. I applied before the T&C's changed.

  • quaddie on 12/08/2013 - 09:40

    I got my pineapple 8/8. Thanks CBA!

  • cooni on 12/08/2013 - 13:46

    Got mine too, was never invited to the offer or whatever.

  • hamza23 on 12/08/2013 - 19:48

    My partner got hers last week without an invitation, still waiting for mine, they still got 1 more week (19/8), fingers crossed :)

  • gm3stevens on 12/08/2013 - 23:14

    Got mine last week. I wasn't invited and applied before the change to the T&C. Thanks OP!

  • Talonparty on 13/08/2013 - 15:24

    Still waiting on mine, existing customer, applied before the T&C changed (about 3 am on the day of the change though)

    • Talonparty on 19/08/2013 - 19:59

      Payment hasn't arrived, email sent and fingers crossed :P

  • squaredonut on 14/08/2013 - 08:51
    +2

    Waiting on mine too, will give it till 19th before I call them.

    • SummerMan on 19/08/2013 - 18:57

      How is it going? Did you call them?

      • squaredonut on 20/08/2013 - 10:51

        Nope, I read below, someone emailed them via the contact us page, so I'm trying that first.

  • SummerMan on 14/08/2013 - 10:59

    They should pay now… Window dressing is over:

    http://www.abc.net.au/news/2013-08-14/cba-profit-result/4885…

  • owenz on 14/08/2013 - 11:50

    got mine, thanks OP!

  • Ash-Say on 14/08/2013 - 13:21
    +4

    Bad Experience:

    CBA refused to give my bonus. I advised them politely that they will breach their Tc&Cs and this conduct will end up in a complaint.

    Good News:

    $50 was paid within 12 hours :)

    • nucgaek on 14/08/2013 - 18:52

      Email/Online support or call?
      Think I might go ahead and do that

      • Ash-Say on 15/08/2013 - 09:31

        Go for email through netbanking. You will have written evidence!!

        • leonheart1 on 16/08/2013 - 05:57

          What's the email you sent to?

        • Ash-Say on 16/08/2013 - 08:39
          +1

          Log into netbanking and click contact us which is last option on the bottom right tab. On the next screen click netbank.

          A new window will open will your details prefilled. Just type in the message and send.

          You should receive a reply within 2 business days.

  • Lenneth on 14/08/2013 - 14:06

    Got mine. Existing CBA customer, no invite, didn't complain to them, applied on day this showed up on ozbargain.

  • andrewr on 14/08/2013 - 22:10

    Got mine last week and didnt notice (8/8)

    Not an existing customer, applied before the change of T&C.

    Silly me has been pumping in $50 a week, now have nearly $800 on there. Time to find me some bargains to spend it on.

  • wanderingoz on 16/08/2013 - 07:46

    Also received mine and my wife's on the 8/8. Thanks OP

  • thydzik on 16/08/2013 - 21:23

    got my $50!
    08 Aug 2013

  • sraymond on 18/08/2013 - 13:27

    My $50 is there. I applied pre T&C change. Thanks to the OP. Have to say, despite the angst, it was one of the easiest promo fifties I have received.

  • tikei on 19/08/2013 - 00:21
    +2

    I applied pre T&C change and I sent them an email as I haven't received my $50. This is what they said:

    …………………..
    in relation to your enquiry, I can confirm that group of customers has been offered an exclusive $50 bonus if they apply for the GoalSaver account by 28 June 2013 and deposit $200 and maintain this balance by 26 July.

    Please be aware that only selected customers were offered this bonus offer.
    ………………………

    • tikei on 21/08/2013 - 14:44
      +1

      I sent them an email saying they changed the T&C after I applied and this is their response

      My name is Tahmiena your Online specialist. Thank you for your email reply.

      I appreciate you taking the time to write and express your concerns as it is only through being aware of such issues that we can take action to improve our service.

      I can confirm that the T & C was not changed before or after you had applied. The process of offering the $50 cash back was to selected customers only.

      I have lodged your feedback into our systems with reference number xxxx. Please note that no further action will be taken, it is for reference purposes only.

      Thank you for your patience and understanding.

      I certainly DID apply before they changed their T&C. What a horrible customer service officer; I provided the screenshot as proof, asked CSO where exactly it says 'for selected customers only' but CSO ignores it totally to avoid solving problems.

  • SummerMan on 20/08/2013 - 09:43

    "$50 will be credited to your account by 19/08/2013"

    Anyone haven't got the money and want to complain?

  • Harold Halfprice on 20/08/2013 - 20:00
    +1

    I had found this deal from ozbargain, so received no email.

    I applied before the T&C change, had plenty of money in there before the cut off date and did not withdraw any either. This was my second goalsaver.

    Received my $50.

  • fm6733 on 21/08/2013 - 17:10
    +1

    Hi

    Can anyone please send me a screenshot of the original T&C. After a lot of argument the commbank customer service do not want to credit my account so I have been asked to provide proof of the original promotion in a branch. Really poor service.

  • fm6733 on 21/08/2013 - 17:12

    sorry forgot to mention my email above. Please send me the screenshot (if you have) at [email protected]. Thanks

  • fm6733 on 21/08/2013 - 17:14

    Thanks heaps SummerMan. CBA here I come……

  • theguyrules on 22/08/2013 - 12:19

    Nothing here yet, they said they were looking into it but no response since the 19th. Grrr.

  • squaredonut on 22/08/2013 - 18:11

    I've been to'ing and fro'ing with a rep via contact form, and they are denying it completely, and I've told them I will be going to the ombudsmen and to provide me with a case number that I've got opened with communication. Commbank are a bunch of jokers, seriously.

    • SummerMan on 22/08/2013 - 18:13

      You are on the right path…

      We'll see how FOS handle this matter.

  • SummerMan on 22/08/2013 - 18:18
    +2

    Anyone else going for FOS…
    https://dl.dropboxusercontent.com/u/2186209/cba.pdf
    http://www.fos.org.au/

  • Talonparty on 22/08/2013 - 22:06

    I'm also in a bit of back and forth at the moment, will update when I get a result (or not).

  • luker9001 on 27/08/2013 - 00:12

    Got mine on the 8th. Forgot to comment.

  • theguyrules on 27/08/2013 - 11:17
    +1

    i'm just getting ignored by them now… GRR

    • SummerMan on 27/08/2013 - 11:18

      count 45 days…

      • theguyrules on 27/08/2013 - 12:51

        From when? When it was originally due to be paid (8th)?

        Cheers SummerMan.

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