This was posted 14 years 2 months 17 days ago, and might be an out-dated deal.

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$50 MoneybackCo rebate on a range of St George accounts

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$50 MoneybackCo rebate on a range of St George accounts
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WaywardOne on 16/02/2010 - 10:34 moneybackco.com.au (365 clicks)
Last edited 16/02/2010 - 12:18

Thanks to flyingtrapeze for this bargain:

"Check out the extra $50 money back that various St George (fee free) products have from moneybackco.
1) $50 for just opening a direct saver account with no minimum balance or fees.
2) term deposits also get the $50.

Assuming you already have moneybackco account and you have paid your $10 [Thanks Turd] yearly fee, check with moneybackco for terms and conditions"

If you are not already a St George customer, you have to verify your identity at a St George branch. Luckily (and importantly for me) St George is open on Saturday mornings.

Check for locations here:
http://apps.nowwhere.com.au/stgeorgebank/locator/

Source: http://www.ozbargain.com.au/node/22223#comment-157129

NB: The expiry date is just arbitrary. The actual expiry is unknown by me.

Financial Moneybackco

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closed Comments

  • TtiGeR on 16/02/2010 - 10:53

    http://www.buckscoop.com.au/forums/deals-bargains-coupon-cod…

    Same deal. No need to pay moneybackco for this offer.

  • ShortyX on 16/02/2010 - 11:01

    I thought moneybackco was $10 per year?

    • Turd on 16/02/2010 - 11:08
      +1

      It is. No idea where the $35 came from.

      "The $10 member fee will be deducted annually from your earnings based on your joining date, provided you earn enough to cover it." - http://www.moneybackco.com.au/terms/

      • WaywardOne on 16/02/2010 - 12:15

        OK I will update the post

  • ShortyX on 16/02/2010 - 11:54

    I tried to do the moneybackco on St George when it was $31 but for some reason it never got paid. I tried opening a case and the final reason given was:

    —Network response—
    Unfortunately these sales cannot be awarded to our channel, they were awarded to another channel.
    —End network response—

    Not worth the effort IMO. Not sure about buckscoop but since you don't need to pay an annual fee through buckscoop, I'd say try them instead of MBC.

    Also, how the heck do you withdraw funds from MBC?? I can't find the option!

    • Kuric on 16/02/2010 - 13:59

      I agree.
      It has got be another deal on top.
      You can't use MoneyBackCo as an incentive of a great deal.
      It's like X-Lotto is a great deal, because you could win 1 million dollars or more.

    • WaywardOne on 16/02/2010 - 14:25

      Also, how the heck do you withdraw funds from MBC?? I can’t find the option!

      Log in to MBC, click on preferences, enter your bank account details and then wait. I think they automatically transfer any money once a month if it is over your threshold in MBC preferences.

      • ShortyX on 17/02/2010 - 11:54

        Thanks…just realised that the minimum payout is $20. My account is only at $17.

        Cheers

  • Jabba the Hutt on 16/02/2010 - 12:05

    My $31 rebate claim for a St George account has sat in limbo since last August. MBC record currently stands at 6 successful claims and 6 unresolved ones.

  • stalker878 on 16/02/2010 - 12:39
    +1

    Would I be receiving 3x 50 bucks if I were to open a Direct Saver, Complete Freedom Account & a Term Deposit account?
    Or will the 3 applications be counted as one?

    • WaywardOne on 16/02/2010 - 12:56

      That's exactly what I want to know!

      • pmmehta22 on 16/02/2010 - 14:19

        Based on my experience with buckscoop, they will be treated as three different applications.

        • Obs on 16/02/2010 - 20:05

          This is the warning on buckscoop

          **** ONE ST GEORGE APPLICATION PER ACCOUNT ONLY. ANY MEMBER FOUND WITH MULTIPLE TRANSACTIONS WILL HAVE THEIR BUCKSCOOP ACCOUNT TERMINATED AND THEIR CASHBACK WITHHELD. NO EXCEPTIONS ****"

          • WaywardOne on 17/02/2010 - 02:43

            @Obs: So one with MBC and one with Buckscoop?

  • stalker878 on 17/02/2010 - 00:07

    one application per account right?
    they are all different accounts.

    I think the warning is referring to multiple applications per account.

  • black-magpie on 18/02/2010 - 01:59

    never mind

  • SummerMan on 21/03/2010 - 09:25

    quote from http://www.moneybackco.com.au/merchants/St-George-Term-Depos…

    "St George stipulates that one person can only hold 3 Term Deposit accounts at once, we therefore will allow an individual member to open 3 Term Deposit accounts through Moneybackco. You can open further accounts in the future through us provided you don't exceed the 3 Term Deposit accounts at once rule. If you violate this rule then St George may cancel your moneyback. We will not permit one member to open more than 3 Term Deposit accounts within a 4 month (the minimum term for the TD) timeframe. Violation of these Special Terms may result in your Moneybackco account being terminated and the withholding of any outstanding balance."

    Can I open TD for just one month instead of three months?
    From St George site, the minimum TD is $1,000 with one month term.

    • Steve on 21/03/2010 - 11:03

      It is exactly this sort of activity that is likely to get us removed from the offer all together. We probably need to re-think the limit we allow each member. Please don't abuse this generous offer as it will result in all MBC members missing out in the long term.

      Cheers, Steve.

      • SummerMan on 21/03/2010 - 11:28

        Everyone has to play by a rule.

        I opened TD with this bank last year with $5,000 for 4 months. (of course via MBC's link)
        The offer was not that 'generous' but there are several catches:
        * Unlike other banks (UBank for example), the bank notified me AFTER the term deposit mature.
        * The rollover rate is only 1% p.a.

        So I didn't want to do a business with this bank again. Until, I see this offer…

        Initially, I thought I might need $5,000x3 for four months…. That's a lot and Gerd from Ubank may miss my money… :-)

        But according to the current rule, if I interpret it correctly, I can definitely get $150 by investing $1,000x3 for four months.
        Well, there is nothing to stop one from investing $1,000x3 for only one month.
        But I see four-month rule on MBC site and spare three more months in case there is an ambiguity.

        I do not intend to get $150 every month because it will surely breaches MBC condition.
        But getting money out of this bank as soon as possible is also a priority. (Rather want my money to be with Gerd's bank.)
        Also, It is likely that after maturity my TD will rollover into a peanut interest term.
        Therefore, I start questioning about possibility of one-month TD here.

        I believe that it should not be a big problem for MBC.
        If it is so, can you 're-think' and make you terms and conditions more rigorous?
        I think it is fair for everybody if you are going to raise minimum deposit/term, but please make yourself clear about that.

        BTW, if we play by the rule, it shouldn't be called 'abuse'.

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