$1 Telstra NBN plans: What’s the catch?

Telstra's NBN 50 and NBN 100 plans are dirt cheap for the first month.
Telstra is pulling out the big guns by giving away selected NBN plans for only $1. That's practically a freebie from the telco giant.
Which NBN plans from Telstra cost $1?
The offer is available on Telstra's unlimited data NBN 50 and NBN 100 plans, for new customers only.
All you have to do is sign up before 10 January 2022.
After that, the cost of the plan will increase to $95 a month for NBN 50 and $110 a month for NBN 100.
In return you get:
- The maximum speeds for each NBN speed tier
- Free express modem delivery
- $0 set-up fee
- 3-month free subscription to Binge
Get Telstra's $1 NBN 50 or NBN 100 plan here.
What's the catch?
If this offer sounds too good to be true, it sort of is. Ditching Telstra after the offer is up will still cost you $217 for the modem.
While Telstra doesn't have a lock-in contract, it will ask you to pay off the cost of the modem if you leave after 1 month.
The modem will only be free of charge if you stay connected for the full 24 months. Otherwise, you'll need to pay $9 multiplied by the remaining months left in the 2-year period.
The offer is only really worth it if you've been looking to sign up to Telstra all along.
How do Telstra's plans compare to other NBN providers?
The average price for unlimited data NBN 50 and NBN 100 plans in Finder's database are $74.63 and $89.77, respectively.
If price is an issue, Telstra may not be the best option for your monthly budget as its plans are priced higher than the average.
While the plans are an absolute steal for the first month, remember the $217 modem charge if you decide to leave after the promotion.
If you're looking for a deal that will last you longer than a month, we recommend comparing NBN plans to find a cost and speed that works better for you.
What if I want faster NBN speeds?
If you're after even faster speeds, Telstra is also offering reduced prices on its NBN 1000 plans.
For the first month, you'll pay just $31 for Telstra's NBN 250 plan. The price will then go up to $140 a month after that.
Similarly, its NBN 1000 plan will cost only $71 for your first month before increasing to $180 a month.
Keep in mind that only customers with HFC and FTTP connections can sign up to these NBN speed tiers.
Compare Telstra NBN plans
Looking for a better deal? We're picked the best NBN plans for this month to help you decide.