Free money! 5 bank accounts with cash back offers up to $100
Key takeaways
- There's a few banks in Australia that have cashback offers with their transaction accounts and debit cards.
- This includes ING's 1% utility bill cashback, and a one-off $50 cashback with Westpac, St.George and Bank of Melbourne.
- What's next: Check out the bank account cashback offers below.
We updated this story with the latest cashback deals on 15 May 2026
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?
Want more options?
Check out every bank account cashback offer
1. Up to $100 back on utility bills with ING
With ING's Orange Everyday account you can get 1% back on your utility bills, capped at $100 a year.
You need to be signed up with a participating utility provider.
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 8 June 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 8 June 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 8 June 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.
More bank account cashback offers
- NAB. You can get 1% back on on contactless purchases with a NAB Platinum Visa Debit card. This caps out at $10 a month (which is the same as the card's monthly fee).
- Commbank. If you're opening an Everyday Smart Access account for the first time Commbank will give you up to $40 back when you spend money at Amazon, Chemist Warehouse and Uber (terms and conditions apply).
- Australian Military Bank. With the Military Rewards Account you can get a 1% cashback on Visa payWave purchases under $100. This is capped at $25 a month and you also need to deposit $2,000 in the account each month.
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.