Australia markets open in 6 hours 53 minutes

    -5.10 (-0.06%)

    -0.0051 (-0.78%)
  • ASX 200

    -2.60 (-0.03%)
  • OIL

    +0.28 (+0.36%)
  • GOLD

    -2.60 (-0.13%)
  • Bitcoin AUD

    +6,703.08 (+7.66%)
  • CMC Crypto 200

    0.00 (0.00%)

How a 15-year-old is helping Aussie drivers save money on tolls

Drivers can get cash back when they shop with Big W, HelloFresh, Subway, Virgin, Liquorland and more.

Henry Coward and drivers in cars on the road. Road tolls concept.
Henry Coward has launched a new cashback service to save drivers money on tolls. (Source: Supplied/Getty)

A 15-year-old entrepreneur has created a new way for Aussie drivers to save money on tolls in Brisbane, Sydney and Melbourne.

Brisbane student Henry Coward has launched Tollz, a cashback service that gives motorists money back to spend on tolls when they shop with participating retailers.

Retailers include the likes of Big W, HelloFresh, Subway, Virgin and Liquorland, with the cash back applied to the driver’s nominated Linkt toll account.

Coward started the business after winning a University of Queensland Young Entrepreneurs competition where entrants were asked to find a solution to a local problem.

“My family uses Brisbane’s toll roads a lot, driving to and from work and ferrying me and my siblings to extra-curricular activities,” Coward said.

“Toll roads are a great way to save time and stress, but I know they are also expensive, so a big part of Tollz is making these roads accessible to more people by allowing them to turn their everyday expenses into free toll trips.”

When Coward realised toll costs could be covered through a cashback program, while also supporting local businesses, he said the idea was “a no-brainer”.

“Mum and dad have already earned hundreds of dollars worth of toll credit, which means their next 30 toll trips are free, and all they had to do was sign up to and buy the clothes, coffees, food and travel they were spending money on anyway,” he said.

The startup has partnered with cashback provider Super-Rewards and now has more than 300 users. Coward is planning to expand the idea to public transport and offer cashback on Opal, Myki and Go Cards in the coming months.

How does it work?

Aussie motorists will need to create a Tollz account and link their Linkt toll account.

They can then earn cash back by shopping via the Tollz website, via its promotional emails or in-store with a participating retailer using a linked credit card.

The amount of cashback you can get will depend on the retailer. For example, Big W currently offers 1.75 per cent cashback with a minimum spend of $50.

The cashback is then paid into your Linkt account on the next monthly payment date.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.