Free money! 5 bank accounts with cash back offers up to $100
ING and Westpac among the major banks offering cash back deals right now.
If you've been thinking about switching to a new bank account, now is a great time to do it.
There are several major banks offering cash back deals to new customers right now in an attempt to entice you to open an account.
And with the cost of living so high, what's more enticing than free cash?
Here are 5 of the best cash back offers on offer right now, and how exactly to get them
1. $100 cash back with ING
You can get $100 cash when you open a new ING Orange Everyday and ING Savings Maximiser account with code 100BONUS. You need to open both accounts at the same time, and you can't have had either accout open in your name in the past.
After you've opened the accounts, you need to deposit $1,000 plus make 5 debit purchases by 31 March 2026. One this criteria is met, ING will deposit $100 into your account within 60 days.
2. $50 cash back with Westpac
Get $50 cash back when you open a new Westpac Choice transaction account and eligible savings account (Westpac Life, Westpac Bump or Westpac e-saver) and deposit $50 within 10 days.
You need to do this before 20 April 2026.
3. $50 cash back with St.George
Get $50 cash back when you open a new St.George Complete Freedom transaction account and eligible savings account (either an Incentive Saver or Maxi Saver) and deposit $50 within 10 days.
You need to do this before 20 April 2026.
4. $50 cash back with Bank of Melbourne
Get $50 cash back when you open a new Bank of Melbourne Compete Freedom transaction account and eligible savings account (either an Incentive Saver or Maxi Saver) and deposit $50 within 10 days.
You need to do this before 20 April 2026.
5. 2% cashback with HSBC
This is an always-on cashback offer offered with the HSBC Everyday Global Account. You can earn 2% cashback on tap and pay purchases under $100. This is capped at $50 per month, which allows you to earn up to $600 over the year just in cashback.
To be eligible for the cashback benefit you need to deposit $2000 a month, which could be easy to do if you get your salary deposited into the account.
We updated this story with the latest cashback deals on 6 February 2026.
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Ask a question
Please send the link regarding-Up to $100 cash back with Newcastle Permanent. I cannot find a $100 cash back with Newcastle Permanent
Hi Chrissy,
Unfortunately that offer has expired, but the ING offer is still available.