This was posted 10 years 8 months 17 days ago, and might be an out-dated deal.

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$50 Bonus for Opening CBA MyWealth Account and Making a Share Trade

31
$50 Bonus for Opening CBA MyWealth Account and Making a Share Trade
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abc on 30/08/2013 - 11:39 mywealth.commbank.com.au (353 clicks)

Similar to this deal http://www.ozbargain.com.au/node/107429 however now you must make a successful share trade by 31/10/2013 instead of just depositing $1000+ into your linked CDIA (which is cash holding used for trades).

Also this is less of a deal as brokerage costs a minimum of $19.95 (amount up to $10k) so essentially your "bonus" is a maximum of $30.05 before tax.

T&C at bottom of page…
*$50 bonus cash offer is available only to new customers who open a MyWealth account via the link on this page and make a share trade by the offer expiration date of 31 October 2013. This offer is only available to customers who access this page via a MyWealth targeted communication or a MyWealth banner on the CommBank and NetBank website. This offer will be paid to eligible customers via their corresponding cash settlement account by the 30 November 2013. This offer is only applicable to one new MyWealth account per eligible customer and is not transferrable. This offer is not valid in conjunction with any other offer and not open to existing MyWealth clients. We reserve the right to terminate this offer or amend these terms and conditions at any time without notice. Normal MyWealth terms and conditions apply unless otherwise specified here. Fees and charges apply. For MyWealth brokerage charges see mywealth.commbank.com.au

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closed Comments

  • PissLUR on 30/08/2013 - 11:40
    +3

    too much trouble to get the money from cba for some people. not worth it.

    • flybuy on 30/08/2013 - 12:20
      +1

      OP says ' your "bonus" is a maximum of $30.05 before tax.' Just a caution for those who think this is a bargain - fine for those wanting to sell existing shares but things move quickly with World share prices uncertain at the moment and if you don't time it right you could loose much more than $50. Might be ideal for those who love betting though..

  • imket on 30/08/2013 - 11:52
    +2

    you also have to consider selling your stock, which is another 20$ transaction fee

  • lusicul on 30/08/2013 - 11:54
    +2

    Still waiting for $50 from previous offer, they are refusing to pay me the bonus.

    • moonwalk on 30/08/2013 - 12:06
      +1

      yes still waiting too. 6 weeks have elapsed from the time i put $1000 to my CDIA acc. Earning nothing so far.

      • moonwalk on 01/09/2013 - 18:11

        just checked my CDIA acc, it has earned 1 cent so far!

    • 2getted on 31/08/2013 - 12:08

      same here still waiting after 8 weeks

  • Ronnnie on 30/08/2013 - 12:01

    Its really not worth the effort, this is one time I agree. Its not like the other promotion that take a few mins max to get $50. :)

  • redpump on 30/08/2013 - 12:02

    I got $50 from the previous deal. But if you have to make a trade as well? Too much hassle

    • abc on 30/08/2013 - 12:07

      A Sell order also is counted as a trade.

      I guess it would be good if you wanted to sell some existing holdings. Transfer your holdings to MyWealth then sell. Essentially up to 2 brokerages rebated in that case.

  • firstpost bekind on 30/08/2013 - 12:05

    Not if you want to make a trade anyway. Essentially makes the trade free plus 20 bucks in your pocket

  • thydzik on 30/08/2013 - 12:08

    done all 3 of the cba offers (waiting on 2 still), this one is a little too much trouble.

  • c64 on 30/08/2013 - 12:24
    +1

    commsec has free brokerage offers so this promo is pretty poor if you want to use it for making trades

    • abc on 02/09/2013 - 10:34

      Not if you already have a Commsec account and want to trade…

  • lgacb08 on 30/08/2013 - 15:15

    got one from the last promo, but these CBA offers are hard to get, better spending time somewhere else

  • jo2055 on 05/09/2013 - 12:03

    What you could expect from CBA ?

  • SummerMan on 07/09/2013 - 09:48

    In the past few months, there are now three doggy online campaigns from CBA:

    A number of people are now going through FOS.org.au to get what CBA promises…

    To open a trading account, the bonus used to be $200 for commsec. http://www.ozbargain.com.au/node/86846 If you are given only $50 before trading fees, it is too cheap and too risky. At the end of FY, you have to do CGT too. This can take some time to study and work it out.

    My advise is not to take the small bait. It may jeopardise you eligibility for a bigger bonus later in the future.

  • wa01 on 10/09/2013 - 01:49

    Followed up previous $50 CDIA->$1000 offer, they refused to pay even after they admitted I'd done everyhing right. CBA you are crooks! Pay up or shut up.
    x4 long held CBA Accounts closed as a result.

    • SummerMan on 10/09/2013 - 08:51

      you could get the money before you close your account by lodging your complaint to FOS.org.au

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