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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

        • SummerMan on 27/08/2013 - 12:52

          from when you raised your concern to CBA…

        • theguyrules on 27/08/2013 - 12:58
          +1

          Awesome thanks. I let them know they havent yet responded and that I'm counting the days.

  • leonheart1 on 27/08/2013 - 14:55

    I'm still waiting for them to respond.

    Also interestingly I didn't get my 'bonus interest' from last month. Did that happen with anyone else?

    • SummerMan on 27/08/2013 - 14:56

      how many withdrawals did you make in the month?

      • leonheart1 on 27/08/2013 - 15:29

        None. Hell, I've never even made a single withdrawal on that account.

        • SummerMan on 27/08/2013 - 15:46

          "increase your balance by at least $200 a month"

          If you have made no withdrawal during the month you also need to make deposit(s) totalling $200 too.

          If are eligible for the bonus interest and haven't received it contact CBA to fix the problem.

        • leonheart1 on 27/08/2013 - 16:12

          Well that explains why I didn't get the bonus interest. Thanks.

  • shiningstars on 29/08/2013 - 16:35
    +1

    I did not receive my $50 and wrote a email to them via netbank two days ago. This is part of the response I received - "I am very sorry that I have not been in contact with you with an update as yet.
    This has been escalated to the highest level and we are endeavouring to get an answer in regards to this as soon as possible.As soon as this investigation has been completed I will be in touch with you.
    Thank you for your continued patience with this."
    So I guess I will wait for their investigation.

    • theguyrules on 29/08/2013 - 20:20

      Basically what I got too. They're freaking slow apparently.

    • c64 on 29/08/2013 - 20:30

      stay patient and polite :)

    • shiningstars on 01/09/2013 - 07:53

      Success. Here is their response "I am happy to say that you will soon be receiving the $50 bonus; I have received confirmation of this this morning.

      As you opened it on the 23/05/2013 and met the eligibilty requirements before the Terms and Conditions change on the 24/03/2013 your payment will be hounored overnight".
      So worth pursuing if you opened it in time. good luck.

  • SummerMan on 29/08/2013 - 16:39

    Barbara - She worked for ANZ (JAB) and later moved to CBA (a).

    http://bit.ly/cvjzfB
    http://bit.ly/cvjzfB
    http://www.youtube.com/watch?v=-wK-quoG1FY

    I hope it help you guys understand the process and be as cool as a cucumber…

  • theguyrules on 30/08/2013 - 11:30
    +3

    Hey hey, finally got a response and they said:
    "I am happy to say that you will soon be receiving the$50 bonus; I have received confirmation of this this morning".

    Awesome.

    • abcxyz on 30/08/2013 - 13:00

      I assume you applied before the change of T&C? I got a no because I was a day late. They admitted there was a change of T&C, the cut-off date was 23rd. So for those applied before that date and haven't received the $50, just be persistent! I did apply online in time, but it wouldn't accept my ID check and had to go into a branch. What a bummer!

  • hamza23 on 30/08/2013 - 19:43
    +1

    Woohoo :D

    "I am happy to report that you will soon be receiving the $50 bonus. I have received confirmation of this today. Please allow 2-3 business days for this to be processed.

    Thank you for your patience in waiting for my response. I hope you have a great weekend.

    Kind regards,

    xxxxxx
    "

  • Talonparty on 30/08/2013 - 20:47

    Still haven't heard back about mine.

  • theguyrules on 30/08/2013 - 21:57

    Just got mine woot.

  • hamza23 on 31/08/2013 - 00:32
    +2

    30 Aug 2013 Direct Credit Fee Refund +$50.00 +$50.00

    yeah!!!!

  • pippin88 on 10/09/2013 - 18:15
    +2

    Well, it took two phone calls and an online enquiry, but I'm now told that I'll be receiving my bonus

    • nahi11 on 11/09/2013 - 17:18

      Similar experience.

  • demiurge on 11/09/2013 - 17:22

    Opened on the 23rd, didn't get the $50. Contact via netbank a couple of days ago and received money the next day!

  • subywagon on 11/09/2013 - 22:33

    I opened my account before the 9th of June, and made a large deposit on the 9th of June and did the $200 or more as required but was sent an email from their "specialist" stating that as I opened the account after the conditions changed I am intelligible….. is the 9th of June too late???

    • jkp91 on 12/09/2013 - 09:39

      T's and C's changed 23rd May.

  • Talonparty on 11/09/2013 - 23:59

    Still waiting to hear back about mine, will try again in a little while and then hit up the ombudsman once it passes the 45 day mark

    • subywagon on 12/09/2013 - 00:20

      When did you open your account?

      • Talonparty on 12/09/2013 - 13:36

        On the 23rd. I have heard back from someone confirming that I opened the account in time, but they said they were talking to their manager or someone and would get back to me as soon as they completed their investigation or something, similar to a person else earlier in the thread.

        Nearly one month now though.

        • SummerMan on 12/09/2013 - 13:43

          complain to FOS.org.au - and you get $50 in less than a week…

        • Bargain4U on 12/09/2013 - 13:49

          You need to speak to customer relations at the bank first.

        • c64 on 12/09/2013 - 14:01

          send another polite online query saying you haven't received a response. apparently before 24 may you can get the bonus.

        • SummerMan on 12/09/2013 - 14:07

          Talonparty did speak to customer relations at the bank.

          Normally, they have 45 days to resolve the matter but if it is just a simple inquiry you don't really need to wait full 45 days.

        • Talonparty on 12/09/2013 - 15:12

          No I just used the online communications through netbank. I will send another email this afternoon I think.

          Thanks for the advice.

  • subywagon on 12/09/2013 - 21:30

    I opened mine around the 9th of June, does this mean I miss out or should I fight it?

  • nucgaek on 13/09/2013 - 09:34

    Finally got mine, took a few weeks of contact but it worked ok

  • Talonparty on 16/09/2013 - 17:24

    Mine finally came through today too. :)

  • sraymond on 16/09/2013 - 22:34

    Closing the account just took a quick phone call.

  • subywagon on 27/09/2013 - 09:02
    +1

    I'm kind of confused. I opened my account according to the original T&C stating that the account had to be opened by around June 28. My account was opened around June 9 and money was deposited as per the T&C.

    Should I still be perusing the matter with Commonwealth? Is it still possible to get the $50?

    I clicked on the banner add on their site to get to the deal, I wasn't invited as such…

    • Talonparty on 28/09/2013 - 00:21

      You should definitely try, whats the worst that can happen? Send them a message via netbank. As you can see I applied at the absolute deadline which was the 23rd, before their stealth edit of the terms and conditions. They honoured mine after some badgering.

    • fenghh001 on 03/10/2013 - 21:59

      i applyed my account before 28/06/2013 as well, i go to the bank and ask them today, the lady ring net-bank, and she tell me there is no such promotion during June this year. WHAT THE. I tell her that i can prove there r such promotion if i can use their internet in their branch. but i can not access internet there. i tell her that i heard that promotion from ozbargain, she say that is ozbargain is 3rd party which could make a mistake.

      • SummerMan on 03/10/2013 - 22:17

        tell her that you would like to try FOS.org.au
        It is is also a 3rd party and can make mistake!

  • sraymond on 27/09/2013 - 20:53
    +1

    Most people that got paid first applied May 22nd.

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