Referee Gets $20 Credit (Valid for 60 Days), Referrer Gets $40 Credit after Referee Deposits $50 @ Betashares

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Referee Gets $20 Credit (Valid for 60 Days), Referrer Gets $40 Credit after Referee Deposits $50 @ Betashares
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radicalvin on 12/05/2026 - 10:45 files.ozbargain.com.au (798 clicks)
Last edited 14/05/2026 - 09:43 by 1 other user

One of our favourite zero transaction investment platform is finally giving out credit bonus.

A Referrer will receive referral credit to the amount of $40 for each successful referral of a New Customer. A referral is deemed to be successful only after the New Customer has their application for a Betashares Invest account accepted by Betashares and the New Customer makes a single deposit of at least $50 into the cash wallet of their Betashares Invest account (Qualifying Deposit). Referral credit can only be used in the manner specified in section 2.4.

A New Customer will receive referral credit to the amount of $20 (New Customer Credit) after their application for a Betashares Invest account has been accepted by Betashares. Referral credit can only be used in the manner specified in section 2.4

New Customer Credit must be used within 60 days after which the referral credit will expire and will no longer be available to be used for investment. Referral credits issued to a Referrer have no expiry date.

Any available referral credits must be used in full in a single transaction to acquire units in a Betashares ETF (market orders only) or a single contribution to a Portfolio. Referral credits are not able to be split between two or more investment options.

Terms & Conditions

betashares Referrals

Referral: random (400)

Referee: $20 store credit valid for 60 days.
Referrer: $40 store credit without expiry after referee deposits $50.

Financial Exchange Traded Fund Store Credit

Related Stores

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Comments

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  • nedski on 12/05/2026 - 11:11

    Damnit, I signed up months ago without this.

    I gotta say, quite impressed with this compared to Vanguard. I have the kids ETF's in Vanguard and moved my stuff into DHHF which has been good.

    • 3
    • NotReallyaMoneySaver on 12/05/2026 - 11:44

      Did your kid get a free goodies bag from Betashares? I signed up for a kid's account (I'm 17) with my dad as the parent account and I got a goodies bag in the mail that contained a BS hat, soft rubber ball, stickers and a keychain for having a kid's account

      • 1
      • bonezAU on 12/05/2026 - 19:19

        That's neat. My kids have managed funds in Vanguard but I moved our ETF's over to Betashares a while ago.

        I might look at putting the kids funds into a couple of ETF's instead of the managed fund, and with any luck they'll get some merch too.

        • 0
  • DingoBilly on 12/05/2026 - 11:13

    Can only use the $20 to buy ETFs.

    So you'd need to sign up, buy an ETF, then sell it to get the money out.

    Probably not too bad, but not sure it's really worth the hassle for $20.

    • -4
  • DoctorArd on 12/05/2026 - 11:33

    My favourite platform for investing for the following reasons:

    • Nice interface to use
    • Zero brokerage
    • Low management fees
    • Can invest small amounts at a time (e.g. the $6.38 I just received from Top Cashback!)
    • 1
    • Brick50 on 12/05/2026 - 11:49

      Do you know if all the amounts get prefilled on your tax return? Or do you just simply download a tax report? Or do you have to account/track every trade?

      • 0
      • radicalvin on 12/05/2026 - 12:16

        they don't get pre-filled but their tax report makes it really easy to enter

        • 1
        • Brick50 on 12/05/2026 - 13:03

          Is the tax report free? I could be wrong but I recall market share or vanguard you had to pay for the tax report?

          • 0
          • radicalvin on 12/05/2026 - 13:21

            @Brick50: Yes, they are free, just a tad slow last FY they released it mid September.

            • 1
      • Sgav on 13/05/2026 - 08:21

        I'm pretty sure they do get updated in the AtO. The Betashares rep confirmed this on a reddit post. If you buy ETFs with them from the start (e.g. not moved over from another broker) they can also track your AMIT cost base adjustments.

        • 1
  • JAF on 12/05/2026 - 11:34

    Have been using it for about a year now and it’s very very good. Would recommend to anybody wanting to start investing!

    • 1
  • HansW on 12/05/2026 - 11:36

    What are some of the best high growth ETFs?

    • 0
    • radicalvin on 12/05/2026 - 11:39

      ASIA going gangbusters atm

      • 1
      • soan papdi on 12/05/2026 - 12:39

        Agreed but it was close to zero growth for 5 4 years prior. So buyer beware.

        • 3
        • nategasm on 12/05/2026 - 23:07

          It is because of the AI boom. ASIA's top 3 holdings are semi-conductor/DRAM manufacturers. Take a look at SEMI for an even more extreme example. So yes definitely high growth but also higher risk.

          • 0
    • Brub on 05/06/2026 - 20:41

      Generally speaking, DHHF is the best for new investors; set up a recurring deposit and forget. Any of the thematic ETFs shilled below are likely at a local top and will die in the ass soon.

      • 0
  • shanlee on 12/05/2026 - 12:01

    $40 seems to be very low, considering momo n other providers giving higher referral bonus

    • 2
  • dealman on 12/05/2026 - 12:22

    Are the actual stock certificates and ETFS secured in a different wallet or exchange? Or is it just in this app?

    Also does anyone know if this does us stocks?

    • 0
    • radicalvin on 12/05/2026 - 12:38

      Doesn't do US stocks at the moment.

      It uses a custodian model so it is not CHESS sponsored

      • 0
    • Mokr on 12/05/2026 - 12:37

      was told that during the end of covid.

      • 2
    • soan papdi on 12/05/2026 - 12:41

      Valid advice for short term trading. Over the long term, it should be fine

      • 3
    • Paul B on 12/05/2026 - 13:32

      As opposed to what real estate? BTC?

      • 0
    • picklerick on 12/05/2026 - 13:52

      This is one of those cases where time in market > timing in market

      • 5
  • jiayijames on 12/05/2026 - 12:34

    The Betashares Direct platform is not CHESS-sponsored.
    It operates under a custodian model.
    Your holdings are not recorded via a personal Holder Identification Number (HIN).

    • 4
    • mr_asstight on 12/05/2026 - 13:01

      Good

      • 3
    • Brick50 on 12/05/2026 - 15:21

      Do you think Betashares might do a rug pull?

      • 1
    • DoctorArd on 12/05/2026 - 15:25

      Some further reading on this here: https://www.betashares.com.au/education/chess-sponsored-vs-c…

      • 3
    • Brub on 05/06/2026 - 20:43

      I will never understand the Australian fascination with CHESS sponsorship. The custodian model is the norm in every part of the world.

      If you're worried that Betashares will go under…I have some bad news to tell you.

      • 0
  • Twilight1234 on 12/05/2026 - 13:37

    Damn literally signed up a week ago!

    • 0
  • Jam5G on 12/05/2026 - 14:07

    Just signed using someone's code! Might hold for a little and suss the app as i've been meaning to join one :)

    • 1
    • DoctorArd on 12/05/2026 - 15:32

      I just received a referral bonus of $40 already so thanks if that was you!

      • 0
  • ggfatty on 12/05/2026 - 15:45

    Just tried. the $20 I received is instant available

    The $40 I got from refering someone will only become available after the $50 deposit received

    well at least it is quick

    • 0
  • LLK on 12/05/2026 - 16:02

    thats easy and no ID was requested ?

    • 3
    • Aesir5 on 12/05/2026 - 20:18

      Yes strange huh!

      • 0
  • freedomofspeech on 12/05/2026 - 16:17

    Can we filter for ETFs which don't pay out but reinvest?

    • 0
    • Briefcase Mong on 12/05/2026 - 16:35

      Yes just go to Manage Account > Reinvestments and select which holding you want cash or reinvestment

      • 0
      • freedomofspeech on 12/05/2026 - 16:54

        I mean 'accumulating' ETF which don't pay out and create a taxable event until sale

        • 0
    • radicalvin on 12/05/2026 - 17:12

      no, it doesn't

      • 0
  • Briefcase Mong on 12/05/2026 - 16:33

    Great platform just keep in mind

    1. They charge $10 fee per stock/ETF transferred out
    2. Recurring orders are only for Betashares product
    3. Not CHESS
    • 3
    • SoapyWooder on 13/05/2026 - 12:15

      Just transfer to your bank account first, it's free

      • 0
  • Aesir5 on 12/05/2026 - 20:15

    Signed up with referral link on iOS. Completed sign up but only see the cash I deposited during the sign up flow.

    • 0
    • DogeConomy on 13/05/2026 - 00:31

      Quoted from T's and C's:

      4. Reward Allocation

      4.1 A Referral Payment will usually be credited within 7 business days after:
      (a) for a New Customer – Betashares accepts an application for a Betashares Invest account by the New Customer.
      (b) for a Referrer – the New Customer referred by the Referrer has made a Qualifying Deposit that is received in their Betashares Invest cash wallet.

      • 1
      • Aesir5 on 13/05/2026 - 12:51

        Thanks! That wasn’t mentioned in the original post.

        • 0
        • radicalvin on 13/05/2026 - 13:00

          Also, they are Betashares credit to purchase ETF or Portfolio, so you will not see it in your wallet as cash

          • 0
    • theg00s3 on 16/05/2026 - 00:34

      I had to redeem the referral code in the app to get it to show

      • 0
  • equal on 12/05/2026 - 22:17

    Overall positive experience with betashares. No brokerage is great. I find the app OK, had some weird glitches where I couldn't go back to the main screen when in an investment screen.

    • 0
  • ayeleeyas on 13/05/2026 - 01:30

    This is too beta. I prefer alphashares

    • -3
  • Lurk Hartog on 13/05/2026 - 10:59

    I'm considering switching from Stake. Any major pros and cons. Marion reason for switching would be the brokerage.

    • 0
  • ripp3r on 13/05/2026 - 15:25

    This or Webull? Is it worth transferring everything to Betashares?

    • 0
    • Jam2G on 13/05/2026 - 16:50

      Webull runs an entirely different ship, much the same as MooMoo

      • 0
    • vaporwave on 14/05/2026 - 16:24

      personally i trust Betashares more given they're like Vanguard and already make huge ETFs like DHHF or GHHF. I personally am willing to accept the risk for the custodian model with Betashares because they're almost too big to fail.

      • 0
  • JHoliday on 13/05/2026 - 20:48

    Has the referral amount been changed? Says $40 now not $50?

    Earn $40 to invest
    They’ll get $20 when they sign up and you’ll also get $40 once they make their first qualifying deposit, to invest in Betashares ETFs or Portfolios.

    • 0
    • radicalvin on 14/05/2026 - 09:44

      No it hasn't. Not sure why it got changed, I've just edited the title back.

      • 0
  • JHoliday on 13/05/2026 - 20:56

    Can you withdraw the $50 cash deposit you put in straight away after placing your $20 trade with the referral credit?

    • 0
    • ggfatty on 13/05/2026 - 22:36

      yes

      • 0
    • vaporwave on 14/05/2026 - 16:23

      yes, it's basically free cash lol.

      • 0
  • rubenastley on 15/05/2026 - 17:35

    Managed to withdraw the credits without buying by placing a market order outside of trading hours and then cancelling.

    • 0
    • theg00s3 on 16/05/2026 - 00:37

      same lol

      • 0
      • Alleviate on 24/05/2026 - 12:01

        Did you get the withdrawal? I just did mine and it says 3-5 days for the withdrawal to be processed.

        • 0
        • theg00s3 on 24/05/2026 - 13:42

          I did it on the Saturday and received the money on Tuesday

          • 0
    • bonezAU on 26/05/2026 - 16:15

      I've referred 2 people and have $80 sitting there when I go to my profile > Refer and earn, but when I try to place an order it says I have $0.00 credit.

      Any idea what's going on there?

      • 0
      • radicalvin on 27/05/2026 - 10:43

        Did you try to buy shares or ETFs? It should work on ETFs

        • 0
        • bonezAU on 27/05/2026 - 11:22

          ETF's

          Tried both VAS and VGS. I sent them a message yesterday and it said "We usually respond in a few hours".
          So far, nothing.

          edit: Ok, so it seems I can only use the credit for Betashares ETF's, not the Vanguard ones. I just bought $80 worth of Betashares DHHF ETF and found the checkbox that said something like "Use $80.00 credit".

          Sorted.

          • 1
  • kidz821 on 11/06/2026 - 14:19

    applied!

    • 0
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