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$50 if You Open St George Everyday Account and Deposit $500 within 30 Days (New Customers Only)

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$50 if You Open St George Everyday Account and Deposit $500 within 30 Days (New Customers Only)
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Pjuicyg6 on 31/01/2019 - 13:50 stgeorge.com.au (1260 clicks)
Last edited 31/01/2019 - 14:50 by 1 other user

$50 Offer: To receive a one off $50 deposit, customers must open a new Complete Freedom Account between 18/01/19 and 03/04/19 (inclusive) online, or if under 21 years of age or a full-time tertiary student including apprentices, customers may also open an account in branch; and must deposit a minimum of $500 within 30 days of account opening, AND ensure the account remains open for at least 45 days. Offer excludes customers who hold or have held a Complete Freedom Account with Bank of Melbourne, BankSA or St.George Bank at any time. Not available with any other offer. Offer limited to one $50 deposit per customer. Where a joint account is opened, if one of the joint account holders has already received their 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.

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St.George Bank
St.George Bank

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  • philldo on 31/01/2019 - 14:08

    No fees for $2k/month deposit… anyone know how much it is if you do not meet that requirement? Its hard to tell on mobile.

    • Powls on 31/01/2019 - 14:10
      +1

      $5 a month

      • philldo on 31/01/2019 - 14:39

        thanks!
        so open an account, deposit $500… leave open for 45 days, -$5 in fees… profit $45?

        • Powls on 31/01/2019 - 14:43
          +3

          Essentially yes. Might need to do it twice it goes over two months.

        • random12 on 02/02/2019 - 01:35

          you are too lazy to meet the deposit requirement?

          • philldo on 02/02/2019 - 10:03
            +3

            @random12: err, I was listing the worst case.. or maybe some people don't have $2k lying around like you Mr money bags.

            Either way, go back under the rock you live in.

            • random12 on 02/02/2019 - 12:07
              +1

              @philldo: They don't even need $2k.

              They can deposit and withdraw multiple times.

              E.g. $100 deposit and withdrawn ( or withdrawn and deposlt ) each day for 20days.

            • Moderatorneil on 02/02/2019 - 22:54

              @philldo: philldo, random12. Let's be respectful in our conversations. Thanks.

  • Powls on 31/01/2019 - 14:13
    +9

    Offer excludes customers who hold or have held a Complete Freedom Account with Bank of Melbourne, BankSA or St.George Bank at any time

    Ouch

    • txb on 31/01/2019 - 16:14

      That just means if youve held that type of account youre ineligible. Current/former customers of any other account type are eligible?

      • Powls on 31/01/2019 - 16:42
        -1

        Nope. Any account egardless of time. Even if you close your st George account five years ago.

        • txb on 31/01/2019 - 16:45
          +1

          Thats not what it says. Its specifically referring to the Complete Freedom Account.

          "Offer excludes customers who hold or have held a Complete Freedom Account with Bank of Melbourne, BankSA or St.George Bank at any time."

          • Powls on 31/01/2019 - 16:49
            +1

            @txb: Whoops. Misread your initial comment. But yes.

  • Yola on 31/01/2019 - 14:41
    +4

    I do not know about St George but 3 people in my family opened one of these with Bank of Melbourne and all had to front at the Branch. They all had their id verified online but still had to do this and it can be a hassle. Since they are one group it may also apply.

    • Autonomic on 31/01/2019 - 16:59

      I had the same thing, but my card still turned up. Went in to verify anyway and they said everything was all active and there was nothing extra needed so who knows.

  • txb on 31/01/2019 - 16:17

    T&C says deposit $500, does not specify if it has to remain in the account the whole time?
    deposit 500, withdraw, repeat 4 times to meet the 2k/fee free criteria?

    • juicyg6 on 31/01/2019 - 16:31
      +3

      I think it would be you just have to deposit $500 once and then you can take it out immediately to trigger the bonus.
      The monthly account fee is $5 per month however it can be waived if you deposit $2000 into the account by the 25th of each month.
      You also need to keep the account open for 45 days.

      So the strategy would work like this:
      1. Open the account
      2. Deposit $2000 before the 25th, then take it out
      3. Deposit another $2000 before the 25th of the next month, then take it out again
      4. After you get the $50 credit which would mostly likely take about 45 days of the account being open, take that $50 out and then close the account.

      It's a bit of work and up to you if it's worth your time or not.

      • txb on 31/01/2019 - 16:43

        Yeah a little bit of work, just 1) opening 2) setting up automatic scheduled payments. 3) check when theyve paid it out to transfer out

  • Abbi on 31/01/2019 - 16:27
    +1

    Not worth my time for $50. $100 yes.

    • Yola on 31/01/2019 - 19:01

      I got $75 for opening this account with Bank of Melbourne.

      • freemoneyhunter on 31/01/2019 - 19:52

        Same, they are rerunning the same offer currently but only for $50.

  • freemoneyhunter on 31/01/2019 - 19:51

    Yes you have to go to ANZ, did it last time and I had to wait for 1 hour, I was about to leave after 15 mins but figured I spent so much time opening the account and driving there I saw it through. For $50 it is not worth it unless you have nothing else better to do and I wouldn't bother again, in fact I probably am not eligible currently.

    • marquise on 07/02/2019 - 12:20
      +1

      What does this have to do with ANZ Bank?

  • Ryk on 02/02/2019 - 10:55
    +2

    they'd get more good quality new accounts by removing the $5/mth fee than by giving away $50.

  • Namesareapain on 08/02/2019 - 12:45

    Does anyone know how long it takes them to send out your card?

    • Fever4shakin on 12/02/2019 - 10:46
      +1

      Pretty quick. I opened an account on the 2nd of Feb and the card arrived last week. Possibly on the 7th.

      • Namesareapain on 17/02/2019 - 13:40

        Well that sucks, I opened it over 2 weeks ago now and have not received a card.
        Did you receive a shipping confirmation or anything like that?

        • Fever4shakin on 17/02/2019 - 21:10
          +1

          No shipping confirmation, just arrived in the mail in an unmarked envelope.

          • Namesareapain on 21/02/2019 - 15:20
            +1

            @Fever4shakin: So after 19 days waiting I decided to go down to a branch and ask what was going on and it turns out that their stupid system somehow forgot to order the card!

  • Hogg on 09/02/2019 - 09:44
    +1

    Tried to sign up but they couldn't verify my ID through Equifax. What a waste of time.

  • ujwols on 06/03/2019 - 05:01

    Got my sweet $50 reward bonus today. Thank you op

    • juicyg6 on 06/03/2019 - 08:06
      +1

      Yeah me too - it wasn't really that hard to be honest thinking about it
      Now I've just gotta close the account and hopefully that process is painless.

      • ujwols on 06/03/2019 - 14:48

        I already had credit card with them so for me it was just about 2 minutes effort.

      • Monty1089 on 08/03/2019 - 11:10
        +1

        Hey mate.

        Did you do what you posted earlier like depositing $2000 then withdrawing it straight away and then doing it one more time to avoid the monthly fees?

        I want to do this as well but not sure if i need to have at least $500 in there for the duration of the 45 days.

        After depositing the money how long did it take for the $50 credit to appear in the account?

        • juicyg6 on 08/03/2019 - 13:46

          Hey there

          As soon as I had the money in there, I withdraw it back out and I was never charged a monthly fee. I did this twice and got the $50 before the 45 days was up. For most of the time, the balance in this account was $0 except for during these transfers.

          Once I got the $50, I transferred everything back out so that the balance was $0. Then I just rang them and closed my account without counting 45 days. The process was pretty easy, only taking a few minutes.

          No issues so far and I doubt there will be. Once you get the money, just take it and close it off there should be no problem.

          Hope this helps.

          • Monty1089 on 08/03/2019 - 14:03

            @juicyg6: Thanks for this man.

            I have recently opened my account but wasn't sure how best to do this.

            I will now deposit $2000 today and transfer it back straight away and do it again next month.

            Also good job for figuring out this idea. Great way to stick it to the banks! :)

    • Fever4shakin on 07/03/2019 - 08:28

      I got mine too but it hasn't been 45 days for me. I'm unsure if I should take the money and bail or stick it out til 45 days?

  • Numpty21 on 29/03/2019 - 17:39
    +1

    Got my $50 reward bonus today. Thank you OP

  • JHoliday on 02/04/2019 - 12:11

    Is it possible to close this account via the app or do you have to call them or visit a branch to close the account?

    • juicyg6 on 02/04/2019 - 13:43

      I don't think the option is available with online banking as I was unable to find it but I could be wrong.
      I would recommend giving them a call after you have a zero balance. It takes less than 5 minutes.

  • thydzik on 08/04/2019 - 10:18

    what's the easiest way to close the account?

    edit: answered above

  • double_J on 10/04/2019 - 12:58

    It's more than 5 weeks and I still haven't received my $50 reward. What should I do?

    • thydzik on 12/04/2019 - 00:34

      call them up. shouldn't be more than 45 days.

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