How Investback works
When you use our Spend service, you earn 1% back of the amount you spend on any eligible transaction, invested weekly. For example, that’s $1 invested for every $100 you spend using your Sharesies Debit Mastercard, with no caps or minimums on the amount you could earn.
As you spend, we track your earnings and show an overview in your Spend account. Your earnings are automatically invested into your nominated investment on a weekly basis, and you’ll be able to track them over time in your Portfolio.
Choose where your earnings are invested
You can choose from over 8,000 companies and funds across US, Aussie, and NZ exchanges available through Sharesies’ Invest service. Or, you can pick the default nominated investment—Smart Global ESG ETF. You can change your selection at any time.
The default nominated investment for Investback is not a recommendation or opinion by Sharesies Financial Limited or any other Sharesies entity as to whether or not the investment is a good investment or suitable for any particular purpose or investor. Sharesies Financial Limited does not provide advice or recommendations. Once made, the value of your investment may go up or down.
We may change the Investback earn rate, the default nominated investment, or make other changes to the Investback reward, from time to time.
How to choose as a new Spend customer
When you set up your Spend account, you’ll be prompted in the sign-up process to choose a company or fund that you’d like your earnings to be invested in.
How to choose as a beta customer
If you were part of the Spend beta, follow these steps to choose where you’d like your earnings to be invested.
Go to Portfolio > Spend
Tap ‘Set up Investback’ and follow the prompts.
As a beta customer, you may have accrued Investback earnings before the Investback feature was launched in the app. If this applies to you, your first Investback order(s) will be placed between 10-16 December 2025.
If you don’t pick an investment before 10 December 2025, any earnings you accrue will instead be automatically invested in the default nominated investment Smart Global ESG ETF. You can change this selection at any time.
You may notice your Investback numbers look a little odd at first, and you may see more than one order placed. That’s because each order represents a week that you had Investback earnings, and we’re catching up on your previous earnings. Everything should display correctly once your first order(s) goes through.
Change where your earnings are invested
To edit your Investback selection:
go to Portfolio > Spend
tap ‘View details’ next to ‘Investback’
Tap ‘Edit’ next to ‘Investback choice’ and follow the prompts.
Track your Investback earnings
You can see your Investback earnings in the app by heading to Portfolio > Spend > Investback.
If you’re currently earning Investback (or have earned Investback at any stage), you’ll see three numbers in your Investback overview:
the amount of potential earnings in your current earning period
the amount you earned in your previous earning period (last time)
the sum of all your current and previous earnings (all time).
All amounts of earnings are estimated, until they have been reviewed for eligibility.
There isn’t currently a way to see your earnings broken down by each individual purchase, or detailed Investback reporting. If you’d like to look through your spending activity more broadly, you can still check your general transaction history by going to Portfolio > Spend and scrolling down to ‘Transactions’.
If you think the amount of your Investback earnings may be incorrect, it may be best to wait for 2 business days after the end of your current earning period, to give time for your transactions to be processed and assessed for eligibility.
The Spend Terms and Conditions apply.
What purchases are eligible to earn the 1% Investback
Most of the payments you make with your Card will be eligible to accrue Investback earnings. We reserve the right to determine eligibility, as well as change or waive the eligibility criteria from time to time. The following transactions are not eligible to accrue earnings (this is a representative, rather than an exhaustive list):
top ups of your Account;
withdrawals from your Account (for example, withdrawing cash from an ATM using your Card, or transferring money into your Sharesies Wallet);
any gaming, gambling or betting transactions (including lotteries, prize draws, casino gaming, off-track betting, syndicates and wagers);
purchase of cash-substitutes (like travellers’ or bank cheques), or use of money transfer or remittance services;
any transaction that we reasonably believe is for a business use or purpose (and not for your own personal use);
purchases of cryptocurrencies or other cryptoassets;
any transaction that we reasonably believe is likely to breach (or has breached) the Spend Terms and Conditions, applicable law, or any other relevant laws and regulations in any other country, or any applicable limits;
any transaction you have received a refund for, for example as part of the disputes process set out in the Spend Terms and Conditions;
any other transaction that we do not believe meets our criteria for fair use of the Investback reward.