First Option Bank

Beware of Free Trial Offers

Free trial offers can be a great way to test a product or service before you commit fully.

However, these offers come with Terms and Conditions (T&C) so it’s important that you know what you’re getting in to before you enter into an agreement.

Standard T&C may state that if you do not wish to proceed (after the trial) you must cancel within the trial period. Failure to cancel indicates your consent to an ongoing subscription, being charged a specified amount each month.

Most merchants are forthcoming with their T&C and will re-present them to you when you provide your card details. Unfortunately, not all merchants are as forthcoming. As a result, you could be entering into an ongoing agreement without really knowing it.

Before accepting a free trial offer, make sure you understand the agreement fully.

Remember, these companies are in business to make money. Not to give things away for free! A bit of checking up front can save you in the long run.

For more information on free trials, visit www.scamwatch.gov.au