Ok… Heads up as this is unverified… For New and existing customers, but only if they dont have a transaction account… EDIT: Only available for those WA-based.
I was browsing through my local community newspaper and came across this Westpac ad offering $50 if you open a Westpac Choice Account before 10th November and send through some "Notice of Variation" by the end of November.
I havent been able to find anything on the Westpac website or anywhere else to verify the promotion, but i have linked a scanned copy of the promo from the paper.
THE BAD: The "Choice" account is a transaction account with no monthly fees so long as you deposit $2000 by the end of each month.
THE GOOD: For a potenital loss of ~$1.60 ($2k deposit x 5.75%pa RAMS account interest loss x 5 days back-and-forth money movements - being generous here, but perhaps not), you could get $50, or more likely around the $45 mark as the bonus is paid to the account within 30 days of receiving the N.O.V, so likely requiring a max of two transfers to receive the goods, and of course some rounding coming into my numbers.
T&C as noted in the ad:
"Information is current as at 21 October 2012. 1. Offer only available to new and existing Westpac customers who do not have an existing Westpac personal day-to-day account domiciled in Western Australia. Eligible customers must open a new Westpac Choice account by 10 November 2012 and ensure Westpac receives a completed Notice of Variation by 30 November 2012. Only one $50 incentive per customer. The $50 incentive will be creditied to the customer's Choice account within 30 days of receiving the completed Notice of Variation. This offer is not available in conjunction with any other special offers, negotiated rates or discounts. This offer is subject to change and may be withdrawn at any time. Before making a decision read the terms and conditions available at westpac.com.au"
Put WA in title.