Key features
ING is an online-only bank so there's no branch access, but they do offer online banking, 24-hour phone banking, BPAY and rebates on ATM fees anywhere in Australia.
With the Orange Everyday account you can receive rebates on ATM fees anywhere in Australia (anything charged by other providers will be refunded to your account by ING). This is on the condition that you deposit at least $1,000 into your ING account each month from an external bank account, and make at least 5 purchases using your ING debit or credit card each month.
If you meet the above criteria, you can also spend on your card while overseas without paying an international transaction fee, making this a great pick for savvy travellers. As of 1 August 2023, if you meet the criteria, you can get the first 5 fee incurring ATM withdraws rebated per month (excludes international ATM operator fees).
Customers who meet the eligibility criteria will also get 1% cashback on eligible utility bill payments via BPAY or direct debit (up to $100 per financial year)
There's also no minimum opening deposit requirement and no monthly account fees to pay, so this account get's the budget-friendly tick of approval. Just keep in mind you won't earn any interest as, like most transaction accounts, the ING Orange Everyday account doesn't pay any interest on your balance. However, you can start making a return on your funds by linking the Orange everyday with the ING Savings Maximiser.
The Orange Everyday bank account comes with a VISA debit card (with PayWave), giving you the shopping freedom of a credit card without the credit maintenance worries.
You also have the option to switch on the everyday round-up feature, where purchases you make on your card are rounded up to either $1 or $5. The difference is then deposited into a linked ING Savings Maximiser, Mortgage Simplifier or Orange Advantage account where it can start accruing interest.
You'll also be able to access your ING Orange Everyday account and heap of other ING products through theING banking app.
FAQs
The Orange Everyday account is big on convenience and small on fees and charges. This account has no account fees as long as you deposit at least $1,000 a month into your account (from an external bank account) and make at least five settled card purchases each month using your ING debit card.
Is ING Orange Everyday a good travel card? ›
Great for overseas travel
A friend suggested I use an ING debit card for overseas ATM money withdrawals. Normally I take cash and use exchange booths. I recently applied for an ING debit card for my recent trip to Thailand. There are a few rules for overseas withdrawals and fee refunds but they are not onerous.
What is the interest rate for Orange Everyday? ›
Up to 5.5% interest for balances up to AU $100,000. No monthly fees. Linked to the Orange Everyday account.
What happened to my ING Orange account? ›
According to an email sent to customers, ING Direct will become Capital One 360. The move follows Capital One's acquisition of ING Direct USA, the largest direct bank in the country, last June. In addition to the name change, ING's orange will be replaced by dark blue and maroon.
What's the best high interest savings account? ›
Best cash Isas
| Provider | Account name | Interest rate (AER) |
|---|
| Virgin Money | 1 Year Fixed Rate Cash ISA Exclusive Issue 12 | 5.05% |
| OakNorth Bank | 12 Month Fixed Rate Cash ISA | 4.72% |
| Shawbrook Bank | 1 Year Fixed Rate Cash ISA Bond Issue 94 | 4.72% |
| Paragon Bank | 1 Year Fixed Rate Cash ISA | 4.71% |
1 more rowOn average, it's 5x cheaper to spend 1000 AUD internationally with Wise compared to the 6 banks in Australia — ANZ, Citibank, CommBank, ING, NAB and Westpac. It's free to withdraw 250 AUD internationally with Wise compared to the 6 banks in Australia — ANZ, Citibank, CommBank, ING, NAB and Westpac.
Is Orange Everyday Visa or MasterCard? ›
Visa Debit Card - Orange Everyday | ING.
What is the best card for international travel? ›
Best cards for international travel
- Best for dining: American Express® Gold Card.
- Best for hotels: Capital One VentureOne Rewards Credit Card (see rates and fees)
- Best for bad credit: Discover it® Secured Credit Card.
- Best for luxury travel: Chase Sapphire Reserve®
You can have up to 2 Orange Everyday accounts. For example, you might want to split out direct debits from everyday purchases. Or you might want one joint account with your partner, and a second just for you.
Is Orange Everyday an offset account? ›
You could pay it off faster
Reduce your interest payable on your home loan with a 100% offset facility when you make a deposit into your linked Orange Everyday bank account.
Make the switch - open an Orange Everyday in minutes
- Open an account. Just complete the short online form. ...
- Wait for your Visa Debit card. This takes 5-10 business days to land in your letterbox after we have checked your ID.
- Switch your payments over.
Daily Interest Formula
To calculate daily interest, multiply the loan balance by the annual interest rate, then divide by 365. This formula calculates the total interest you would pay each day on a loan throughout its lifetime. This will not equal your actual payments since that is most often paid in terms of months.
Is ING savings safe? ›
ING will use state of the art encryption and authentication mechanisms to secure the transactions; these will vary per country so check with your local bank about the processes used. ING will never claim your account may be closed if you fail to confirm, verify, or authenticate your personal information via email.
What is the ING Bank controversy? ›
Amsterdam-based ING paid Dutch prosecutors 775 million euros ($835 million) to settle a laundering probe in 2018, after it failed to ensure that clients were not hiding cash for illegal purposes in its accounts.
Is ING owned by Capital One? ›
In February 2012, the acquisition was approved by regulators and Capital One completed its acquisition of ING Direct. Capital One received permission to merge ING into its business in October 2012, and rebranded ING Direct as Capital One 360 in November 2012.
What happens if I eat one orange everyday? ›
Anti-oxidants in oranges help protect skin from free radical damage known to cause signs of aging. An orange a day can help you look young even at 50! Oranges, being rich in Vitamins B6, help support the production of haemoglobin and also help keep blood pressure under check due to the presence of magnesium.
Is there a downside to eating oranges? ›
Health Risks of Oranges
Watch out for nausea, vomiting, diarrhea, stomach cramps, headache, and insomnia. Oranges are high in acid, and that can make symptoms of gastroesophageal reflux disease (GERD) worse. If you're taking beta-blockers, too many oranges could increase your potassium intake and lead to kidney damage.
What happens to your body when you eat oranges everyday? ›
The fiber in oranges can keep blood sugar levels in check and reduce high cholesterol to prevent cardiovascular disease. Oranges contain approximately 55 milligrams of calcium, or 6% of your daily requirement. This nutrient is important for building strong bones and maintaining bone health.
How many ING orange everyday accounts can I have? ›
You can have up to 2 Orange Everyday accounts. For example, you might want to split out direct debits from everyday purchases. Or you might want one joint account with your partner, and a second just for you.
