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5% Cashback on PayPass Purchases @ ME Bank (New Customers Only)

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Apply before 31 December and you’ll receive 5% cash back when you Tap & Go™ on all MasterCard PayPass™ purchases under $100 for the first 6 months*. The money you get back goes into your account 30 days after the date of transaction. You’ll be saving whilst you spend.

THINGS YOU SHOULD KNOW:

*Available to customers who open an EveryDay Transaction Account (ETA) between 3/03/14 and 31/12/14 (extended). Receive 5% cash back on all contactless purchases made within Australia using PayPass Tap & Go for amounts of $100 or less for 6 months from the date your account is opened.

The 5% cash back offer will not apply to ATM transactions, payments pressing ‘Savings’, ‘Cheque’ or ‘Credit’, BPAY®, PayAnyone, Phone or Internet Banking, direct debits or credits, cheque or Bank@Post transactions.

The 5% cash back will be paid into your account within 30 days after the date the transaction is debited to your account.

Customers with ETAs opened prior to 3/03/14 are not eligible to participate. Only one cash back offer per customer and account.

Referral Links

Referral: random (19)

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

Related Stores

ME Bank
ME Bank

closed Comments

  • +1

    Can anyone in the industry explain how these 5% cashback offers are funded by the banks?

    • +1

      I wondered that too.
      Maybe the companies that make the PayPass technology are part funding this (with the banks),
      to ensure its widespread introduction ?
      So these PayPass cashbacks maybe won't last much longer

      • -1

        apparently banks charge the merchants extra when a paypass transaction is used, so the bank itself has incentive to encourage the widespread use.

  • -1

    ME Bank are horrible and inflexible in my opinion. Apparently my wife opened a joint account with them which we never used and they wont give us the 5% cashback.

  • Just received an email saying

    We’re delighted to confirm that a new EveryDay Transaction Account .. has been opened

    Took a while - around 2 weeks.
    Maybe they were Ozbargained (1442 clicks) ?

  • +1

    I didn't get any notification from me bank after applying for this. It just randomly came in the mail yesterday but they sent it to me twice so I received two debit Mastercards with different numbers, what.

    • +1

      I called them if my account is eligible for the 5 % and asked them as well why I received 2 cards. The girl said there was a problem with their system. Quite a lot of people received 2 cards. You need to call them to cancel one of the two accounts.

    • Same here. Took quite a while to receive a card - and then I get two. I've cancelled one.

  • If I had a first home savings account with ME bank, does that exclude me from this offer? I'm not sure whether it is counted as a "bank account", given its a completely different type of account vs the transaction acc.

    • Same here. First home saver and even had a transactions account before (which I had closed some months ago). Not a problem at all, received already my first cashbacks.

  • I was one of the original people who got onboard with this offer. 6 months has now passed, so no more rebate for me. Where is everyone else moving to?

    • 2% cashback from ING, with monthly deposit of $1000 ($2000?). Otherwise you can close all your accounts and wait for their next new customer offers (depending on how they define "new customer").

      • in the same boat waiting for the new offer…

  • Still haven't received my debit card or welcome pack in the mail,
    one month after applying and 2 weeks after they actually opened the account.
    At this rate there won't be much of the 6 months left.

  • So you can apply for the card, use it to get 5% off and then cancel it after 6 months ?

  • Did anyone get transaction declined at Australia Post? My PayPass works in all other retailers except in APO which never succeeded.

  • Is the mebank online banking down?
    Can't even login… this is hopeless.

  • Just logged in OK.
    Noticed my first 5% cashback on paypass payment.
    Finally, after a lot of stuffing around, like them opening 3 accounts for me, for some reason.

    • So it took a month to give you the rebates? Did it add up?

      I reckon there are a lot of bugs in their systems. I have a feeling the login issue was because there was a problem with the authentication DB last night and the failed logins locked the account. Had to call up to unlock it.

      • It was only 3 days from my purchase to the paypass rebate,
        which OK.
        But it took almost 2 months to get the account opened.
        Maybe they were swamped with new applications and had to hire temp staff to process them,
        and they had no idea what they were doing.

  • +1

    ME Bank extended the deal again to 28/2/2015.

  • +1

    PayPass payment did not work at Australia Post last week ("Invalid Transaction"), when I called them up they said it was a known issue and they are working on it. Anyone else tried?

    Had another problem at ARC Computers before with "System Error", apparently the reason was that the card is not compatible with some readers. Anyone else came across this?

    • +1

      Didn't even work at 7/11 when I tried to pay for petrol. Had to use my ING card instead. Hopeless…!

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