$50 Cash Bonus for New Complete Freedom Accounts ($250 Deposit Required) @ St. George Bank & Bank of Melbourne

230

Go to Deal

Associatedricardigan on 05/12/2017 - 19:11 stgeorge.com.au (326 clicks)
Last edited 05/12/2017 - 19:28 by 1 other user

To get $50 cash

*Open a new Complete Freedom account online before 2nd of March 2018
* Deposit $250 within 45 days
$50 deposited into your account within 52 days of account opening)

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St George offer

Bank of Melbourne offer

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Good to know

Monthly account fee is $5 unless you:

*deposit at least $2000 into the account each month

Excludes customers who have held a Complete Freedom Account with St.George, Bank of Melbourne or BankSA anytime from 4th December 2016. Not available with any other new account offer. Eligible customers need to open a Complete Freedom Account online between 4th of December 2017 and 2nd of March 2018 (inclusive) and deposit a minimum of $250 within 45 days of opening the account. Eligible customers will receive $50 deposited into their account within 52 days of account opening. Offer limited to one $50 deposit per eligible customer. Where a joint account is opened, the offer is limited to only one $50 deposit in respect of the account. If one of the joint account holders has already received their $50 deposit in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account.

Related Stores

St.George Bank

Bank of Melbourne

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  mmustica on 05/12/2017 - 19:35

  Fairly straight forward. Minimal effort for $50

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  y_owez on 05/12/2017 - 19:49

  How can I find out when was the last I had or closed an account?
  I know I did have bank of Melbourne but can't remember if was last year or

  • 

    8200 on 05/12/2017 - 20:07

    Just go ahead and open it, they will advise

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    Ms Bargainer on 01/01/2018 - 12:14

    Did you keep your statements? They send one when you have closed your account.

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  yupyup on 05/12/2017 - 20:08

  if only this would work in addition to BankSA deal which i just applied for

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  8200 on 05/12/2017 - 20:20

  I think we crashed the system….

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  locutus_of_bris on 05/12/2017 - 20:32

  +2

  decent deal - worth checking all the fee though

  $5.00 Monthly account service fee (If you don't deposit $2000 a month)

  • 

    mmustica on 05/12/2017 - 20:48

    it's in OP

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  mrmaltalian on 05/12/2017 - 20:56

  Remember that, you have to deposit $2000 EACH month to waive the $5 monthly service fee. Which means $2000 in December and $2000 in Jan. Otherwise your net gain will be $40 from the promo

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  anonymousaccount on 05/12/2017 - 20:56

  If I go and plonk $250 into each account and after a month the fees are deducted, will this still allow for the $50 credits or will I need to ensure my balance is equal to or above $250? Thanks

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  Rakeial on 05/12/2017 - 21:26

  +1

  Pro tip: if you have kids, you could open the account for them as a signatory, deposit the money, and after 60 days take their ID to the branch, withdraw your $50, swap it over to a Complete Freedom Student account (which has no monthly fee) and then tell your kids you did a great deed and set them up their first bank account. :^)

  • 

    mrmaltalian on 06/12/2017 - 00:13

    The $5 monthly fee still applies and is charged on the 1st of each month if the account does not show a deposit of $2000 in that month. Therefore, by the time you wait the 60 days to convert the sub product type to a student account, the fees would have already applied so you’re wasting your time.

    Best thing you can do is keep it simple. Transfer $2000 at least once per month and then transfer it straight back out. The account just needs to register a total deposit value of $2000 or more within the entire month to waive the $5 fee. You can also transfer multiple smaller amounts in and out again to make up the $2000 credit threshold, as long as the credits total $2000 within each calendar month.

    • 

      Rakeial on 06/12/2017 - 00:18

      Yeah, but if you open multiple as a signatory, you can benefit from the offer more than once, as the account is technically not in your name and valid for the offer again. Then you can just bounce the $2000 around between the accounts to avoid the fees.

      • 

        mrmaltalian on 06/12/2017 - 06:36

        Well then, for those who don’t currently have children… better get breeding as the offer expires 2nd March! Fingers crossed for triplets :)

  • 

    JIMB0 on 02/01/2018 - 04:47

    Good idea for those who had kids for Westpac's small bump deal from last year.
    https://www.ozbargain.com.au/node/285374

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  onon0402 on 06/12/2017 - 15:36

  Monthly account fee is $5 unless you:
  *deposit at least $2000 into the account each month

  Can I deposit $2000 into the account and withdraw it on the next day (and repeat this every month) to avoid the fee? Thanks.

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    Ms Bargainer on 01/01/2018 - 12:12

    +1

    Yes, I do that.