Referral Revenue
Bank account sign-up bonuses in Australia
Several Australian banks pay new customers a cash bonus for opening an everyday account and meeting a few simple requirements, usually a deposit and some card purchases. Each offer below links to a step-by-step guide.
5 offers compared · $630 in total
| Offer | Bonus | Deposit | Time | Bonus paid |
|---|---|---|---|---|
 UBank | $30 | $2.50 | 10–15 minutes | Within 10 business days |
 Westpac Choice | $50 | $50 | 20–25 minutes | Usually within a week |
 St.George | $50 | $50 | 20–25 minutes | Within 60 days |
| Westpac Business | $100 | $100 | 20–25 minutes | Usually within a week |
 ING | $400 | $1,000 | 10–15 min a month, for 3 months | By the end of month 3 |
Which one to start with
- UBank is the quickest: a $2.50 deposit and 5 card purchases of any amount.
- Westpac Choice and St.George each pay $50 for a $50 deposit and $50 of spending within 15 days.
- ING pays the most at $400, but needs a $1,000 deposit each month for three months. You can transfer most of it back the same day.
- Westpac Business pays $100 but requires an ABN.
The offers
UBank · $30
UBank is an Australian digital bank. New customers who open an account with a referral code, deposit $2.50 and make five card purchases receive a $30 bonus.
Read the UBank guide →Westpac Choice · $50
Westpac Choice is Westpac's everyday transaction account. New customers who open a Choice account, deposit $50 and spend at least $50 within 15 days receive a $50 bonus.
Read the Westpac Choice guide →St.George · $50
Complete Freedom is St.George's everyday transaction account. New customers who open the account, deposit $50 and spend at least $50 within 15 days receive a $50 bonus.
Read the St.George guide →Westpac Business · $100
Business One is Westpac's business transaction account. New business customers with an ABN who open an account and make a single $100 deposit with the description WELCOME100 receive a $100 bonus.
Read the Westpac Business guide →ING · $400
ING is an Australian digital bank. New customers who open an Orange Everyday account with promo code INGNEW400 and meet the monthly requirements for three consecutive months receive a $400 bonus.
Read the ING guide →Frequently asked questions
Do bank sign-up bonuses affect my credit score?
Opening an everyday transaction account is generally not a credit application. Check each bank's terms if you are unsure.
Can I open accounts with several banks at once?
Yes. Each bank runs its own promotion, and you can hold accounts with more than one bank.
Can I close the account after getting the bonus?
Yes, but check the terms first. Some banks only allow the bonus again after a set period, such as 12 months or 2 years after closing.
Is the bonus taxable?
Bank bonuses may count as income. This is general information only, so check with the ATO or a tax adviser for your situation.
The Profit Ladder
Want to complete several offers in the best order? The Profit Ladder lists 7 offers worth $880, starting with two that need just $1 each.
Referral Revenue may receive a commission from the provider when you sign up through the links on this site. This does not reduce your bonus. This is general information only and not financial advice. Offer terms and amounts can change at any time, so check the provider's current terms before depositing. Cryptocurrency and share trading carry risk.