Macquarie Bank has finally launched its new phone plan service, Nu Mobile, and it’s set to shake up the telco industry.
Rumours of a new competitor first swirled in April this year, when the Australian Financial Review reported Macquarie Bank had “soft launched” the product, but now it’s finally here.
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The Nu Mobile website, which previously said “coming soon” and “the nu way”, now says “Celebrate change. The nu way is here”.
But Nu Mobile isn’t your typical telco - it’s a phone plan service like any other, but it cuts handset costs dramatically by offering second-hand smartphones.
You can opt to keep your phone, or you can ask to return or swap your phone at any time, and all phones also come with a 12-month device warranty.
What’s on offer?
If you don’t discriminate with your iPhones, you can opt for an iPhone 7 with 32GB of data, which will cost you just $15 per month over 24 months for the handset.
An iPhone 8 handset will set you back $25 per month, while an iPhone X handset will cost you $45 per month.
Once you’ve picked your handset, you can choose any data plan that suits you - which can cost anywhere between $10 for 1GB per month, $20 for 4GB per month, or up to $50 for 40GB per month.
If you opt for the iPhone 7 with 1GB of data, you’ll be paying just $25 for your iPhone plan.
What am I really saving?
An iPhone 8 handset with Vodafone will cost you $40.50 per month, and data plans on top start from $35 for 5GB per month or $45 for 30GB per month.
An iPhone XS handset with the same carrier will set you back $51 per month over 24 months, and you can add the same data plans on top.
So, while an iPhone 8 plan with a regular telco could cost you around $75.50 per month, it’ll cost you just $45 per month with Nu Mobile.
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