Buckscoop > Deals > Everything Else > Get up to $550 in Free Brokerage from St.George/E*TRADE

Get up to $550 in Free Brokerage from St.George/E*TRADE

Posted By: fairybelle, posted 2007/11/18 23:01
Open a new directshares account and take advantage of their extraordinary offer receive up to $550 in free brokerage.*

Terms and Conditions apply Terms and Conditions Receive up to $550 in free brokerage. Offer applies to new directshares customers over 18 years of age who open a directshares account between 31 October 2007 and 1 April 2008, and is only open to residents of Australia and New Zealand. The offer applies to trades made within the first 60 days of the account being opened (the Qualifying Period) and is not valid in conjunction with any other offer and is not open to existing directshares customers, or to staff of St.George or ETRADE Australia.

directshares standard brokerage is $32.95 (GST-inclusive) on equities trades up to $30,000, and 0.11% (GST-inclusive) on trades over that amount. For the purpose of this Offer, brokerage up to a maximum value of $550 (GST-inclusive) will not be charged on your first 10 equities trades placed within the Qualifying Period for trades up to a maximum value of $50,000 each. The brokerage value on your first 10 equities trades where directshares standard brokerage does not exceed $55.00 (GST-inclusive) will be deducted from the $550 Offer value, until the Offer value has been reached. No brokerage will be shown on the directshares contract notes issued in respect of such trades. Where any of the trades has a value in excess of $50,000, directshares will charge brokerage at its standard rate (0.11%, GST-inclusive) on the excess in trade value above $50,000. These charges will be disclosed on your directshares contract note. Brokerage charged on trades above $50,000 will not form part of this Offer, and will not count toward the $550.

This Offer is not redeemable for cash and is not transferable. Any portion of the Offer value not used within the Qualifying Period will be forfeited. Normal directshares trading account opening and maintenance conditions apply unless otherwise specified here. Once opened the directshares account must remain open for six months. directshares reserves the right to withdraw this offer at any time without notice or to amend these terms and conditions at any time.

The directshares service is provided by ETRADE Australia Securities Limited (ETRADE Australia) ABN 93 078 174 973 AFSL No. 238277, a Participant of the ASX Limited Group, at the request of St.George Bank Limited (St.George) (ABN 92 055 513 070). Execution, settlement and clearing is through ETRADE Australia. Neither St.George nor ETRADE Australia are representatives of the other. Investment advice is not provided to online directshares clients.*
Expiry date:2008/04/01
  • admin2007/11/19 21:09:25
    I think the key to this one is that you've gotta spend your $550 in brokerage within the first 60 days of opening an account. Does anyone know off the top of their head what the charges are on commsec ?
  • nod2007/11/19 21:12:01
    These are ok offers if you are doing a lot of trading. That is lots of little transactions, as you need to use the credit up in 60 days from sign up.
    I recommend having a very very good read of the terms and conditions
  • admin2007/11/19 21:19:38
    Thats neat - ta geo.

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