Your selected bank accounts
Mozo Experts Choice Award Winner 2024
1% cashback on eligible utility bill payments (up to $100 per financial year)
Round up savings feature
Save on fees with up to 5 ATM fee rebates per month
No branch access
Must meet monthly eligibility criteria to qualify for fee rebates and cashback (details below)
As far as bank accounts go, the ING Orange Everyday Account is among Australia’s best. It was awarded an Exceptional Everyday Account award in the 2024 Mozo Experts Choice Awards and could pay you for paying your bills.
If you want to enjoy the top benefits of this account which include no monthly account fee, ATM fee rebates (up to 5 per month), unlimited rebates on international transaction fees, and 1% cashback on eligible utility payments you will need to meet the monthly eligibility criteria which is deposit at least $1000 from an external bank account and make at least 5 purchases using your ING debit or credit card each month.
The Orange Everyday also comes with a handy round-up feature that can help you to save. Purchases you make on your card are rounded up to either $1 or $5 and deposited into your nominated account or charity.
The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Your selected bank accounts
I really love ING. The pros are high interest on savings, you can withdraw from savings as many times as you want as long as the balance is larger than the previous month, fees from ATMs are refunded, fees from travelling overseas are refunded, the online banking is easy to use, transfers are instant to other banks. The only 2 cons I’ve come across in my years at the bank is that you can’t have a business account and you don’t have a physical bank you can go to.
easy & no fuss
Why I Like It: The ING Orange Everyday account stands out for its straightforward, no-nonsense approach to banking, making it especially appealing for individuals who prefer low fees and simplicity. A major highlight is the fee-free structure when certain conditions are met, such as depositing a minimum monthly amount and making at least five card transactions. This can be a huge perk, especially for those who make regular purchases and are careful about managing fees. The account is also well-regarded for international spending. ING waives the overseas ATM fees and international transaction fees for customers who meet specific monthly criteria, which can be a massive benefit for travellers or people who shop from overseas. ING’s app is user-friendly and includes helpful budgeting features, allowing you to track spending with ease. Pros: -No Monthly Account Fees: If you meet the deposit and transaction criteria, you avoid monthly account fees. -Rebates on ATM Fees: ING reimburses domestic ATM fees, which is convenient for people who prefer cash. -Fee-Free International Use: The account is excellent for travellers who meet the minimum criteria, as it waives international transaction and ATM fees. -Easy App Interface: The app is intuitive, offering budgeting tools and tracking features to help manage spending. Cons: -Requirements to Avoid Fees: To qualify for fee waivers, you must deposit at least $1,000 monthly and make five card purchases. Missing these can mean additional charges. -Lack of Physical Branches: ING operates entirely online, which may be a drawback for those who prefer in-person banking. -ATM Rebates Only in Australia: While overseas ATM fees can be waived under certain conditions, this doesn’t apply to domestic ATMs outside of Australia. Who It’s Best For: The ING Orange Everyday account is ideal for tech-savvy customers who are comfortable with online banking and frequently make card transactions. It’s also well-suited for budget-conscious individuals and travellers looking to avoid pesky fees on everyday purchases and international spending. If you’re considering this account, remember that the fee waivers require consistent deposits and card usage, so it’s best suited to those with predictable spending patterns. Overall, the account’s flexibility and low-cost features make it a strong choice for savvy spenders, provided you can meet the monthly requirements.
ING has been excellent. We followed the barefoot investor book and that has worked seamlessly with ING. The only disappointing thing is that their home loan rates are not competitive enough which means that we have to have that with ANZ.
I love how ING gives you money back for BPAY payments as well as ATM withdrawals. It’s nice to log into your app and see they’ve given you money back. ING also has great customer service without long wait times and when they answer your call they’re willing to help you resolve your issues. It’s a great bank with several products that’ll suit your needs
Great bank with low fees and great perks like no international transaction fees when on holiday.
ING has been excellent to me and helped me out during a stressful time after my card details were stolen. They made the process easy and fixed the issue right away. I love that they are all digital based and I can use my app easily to manage everything. Anytime I needed to speak to someone the wait time to talk wasn't very long either.
ING offers great bank account options, great interest rates on savings, just have to make sure you have $1000 being deposited into your main account every month to keep the high interest rates
i switched to ING a few years ago. Despite not having any physical branches, I have found their customer service to be excellent and deliver products to the standard they say.
No atm fees, which is brilliant. Good app
As ING is a digital only bank, you’ll need to submit your application online. It takes less than 10 minutes according to ING.
Yes, in order to open an ING bank account you will need to:
You’ll need at least two forms of identification (passport, drivers licence, medicare card).
You can use your ING Visa Card at any ATM in Australia or around the world that accepts Visa cards.
^See information about the Mozo Experts Choice Bank Account Awards
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