Earn up to 25,000 Qantas Points with Alex.Bank

On 250k you should be earning at least $800 interest, or more, per month. Foregoing that wouldn’t come close to the value of 25k points?

You could move that money and get better returns elsewhere. So it's not forgoing that for the points. You can even get better rates on a 12 month term deposit. Same risk, better return.

Really??? I don't think this is fair to take the mickey like that.

I don't see it that way. It's no different to the insurance policies that give you points at sign-up. If they didn't want folks doing this, they'd give you the points when the term expires. Bit like airlines give you the points after you've flown, not when you book.
 
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For those that have signed up and then registered for Internet banking, did you notice the the 2FA came from different addresses? One was Alex and the other was titled msverify. Any concerns?
 

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