expired Get $50 When You Open an ING Direct Savings Account (1 Deposit Needed)
This was posted 7 months 2 days ago, and might be an out-dated deal
Edited by scotty 03/12/2012 - 18:05
5.35% p.a.
Variable Welcome Rate
For 4 months from account opening
for new customers on balances up to $250,000.
After getting the $50 you may as well close the account as there are better rates out there.
Edit: Extended to the 7 December as reported.
Comments (Closed)
+4 votes@ycon Was wondering about this (still haven't gotten around to sign up..) but I don't think it would work as this offer is for a Savings Maximiser account, whereas the PayWave offer is for an Orange Everyday account.. Looks like you would need to sign up for two accounts.
+1 voteminniethemoocher on 24/10/2012 - 15:13 ¶Anyone know if you are a customer with an everyday account, if you can now sign up for a new savings maximiser account and get the bonus? T&C's say it's for new savings maximiser customers only, but as far as I can tell the t&c's don't exclude customers who are other ING direct customers. Not sure though.
+17 votestanoshiiki on 24/10/2012 - 15:37 ¶- A bank that pays you 50c for every EFTPOS cashout transaction over $200.
- A bank that pays your ATM fee up to $2 for cashout over $200.
- A bank that is currently providing 5% off payWave purchases up to $99.99
- A bank that gave me a $123 opening bonus for opening a Savings Maximiser (quite a few years ago)
- A bank that gave me $120 for opening and using two Orange Everyday accounts (promotion from about 2 years ago)
:)
ethereal88 on 24/10/2012 - 16:20 ¶Forget overseas ATM fees and 2.5% online international purchase fee (for any online purchase).
- +2 votestanoshiiki on 24/10/2012 - 16:26 ¶
That's where you use either Citibank or 28 Degrees :)
I don't like the Citibank online banking interface, so it's less of a recommend for me.
- tanoshiiki on 24/10/2012 - 15:38 ¶
Oops, maybe you should cancel your application and give them a call?
Hahah did exactly the same thing Merlict !! Gave them a call and they asked me if I was planning to transfer money in and I said I was since their rates were higher (5.35) than UBank's at the moment (5.16). She then consulted her manager and said that I had to put the promo code in but they would give me the higher rate and $30 as 'goodwill'.
Important Information
Information and interest rates are current as at 12 October 2012 and are subject to change.
Combined balances up to $250,000 per customer are guaranteed by the Australian Government.
The advertised Savings Maximiser variable welcome rate applies for 4 months from the date the Savings Maximiser is opened on balances up to $250,000 and is subject to change. At the end of the 4 month period, the rate that applies to your account balance will be the Savings Maximiser standard variable rate applicable at the time. The offer is applicable on the first Savings Maximiser that you open (including joint accounts) and is for a limited time only.
To be eligible for the $50 cash bonus you must be a new Savings Maximiser customer and apply online using the promo code “BONUS”. The cash bonus will be credited to your first account opened within the first two weeks following your first deposit being made by 1 December 2012. A tax liability may exist with the payment of the cash bonus. One $50 cash bonus payment per account (including joint accounts). Cash bonus offer is available for a limited time only and ING DIRECT reserves the right to withdraw the offer at any time at its sole discretion. If withdrawn, ING DIRECT will honour all promo codes entered before the offer is withdrawn, provided that you make your first deposit by 1 December 2012.
A variable Loyalty Bonus of 0.75% p.a. will be paid on balances up to and including $50,000 in months where the closing balance on the last day of a calendar month is at least $200 higher (excluding interest earned) than the opening balance of the first day of the same month. Balances over this amount will continue to receive the standard variable rate applicable at the time. Bonus rate is subject to change and is not paid in conjunction with any other promotional rate.
Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to any of our products you should read the relevant Terms and Conditions booklet available under our Brochures & Forms page. To view these documents you may need Adobe Acrobat. Products are issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL and Australian Credit License 229823. ING DIRECT’s colour orange is a trade mark of ING DIRECT and the ING Group of companies.
+2 voteseasternculture on 24/10/2012 - 16:10 ¶right at the end before you submit your application
i.e. i think step 4 , the step before u submit for electronic verification
-8 votestalkingtree on 24/10/2012 - 16:35 ¶"open a $500,000 account" that's why you dont need this deal
+1 voteilikebargains on 25/10/2012 - 00:01 ¶i wasn't asked for ID.. which is kind of odd. I guess they used my last two addresses for ID. No idea.
It's a good deal but the site instructions are a bit stupid. It says to select a minimum of 2 ID documents from:
1. Passport
2. Driver's License
3. Medicare
4. Australian Birth CertificateI selected Driver's License and Medicare but that's not enough. Anyways will have to do this at home since I don't have my passport with me.
- ilikebargains on 25/10/2012 - 13:03 ¶
good question, that's why i needed to walk to the P.O. with my birth cert and a bill.. it said i was in SA, NSW, ACT or somewhere else, couldn't select VIC.
- ethereal88 on 24/10/2012 - 16:20 ¶
Everyone never mentions ING charges you 2.5% for anything you purchase online. Citibank doesn't. Everyone never mentions ING charges for overseas ATM use. Citibank doesn't. Anyway I don't do saving accounts, never have, never will.
hauntedrabbit on 24/10/2012 - 16:30 ¶I only get charged if it's a international purchase which is the same with most banks. The only other time i get charged is if i withdraw under $200, get extra cash out when making a EFT transaction and you never have to pay fees plus they give you 50 cents when you do this.
So that is why no one mentions this because you don't get charged for every online purchase.
- -1 voteethereal88 on 24/10/2012 - 16:33 ¶
Wrong. You do. I was charged 2.5% at pccasegear last time I used mine. Happy I switched to citibank plus.
- ilikebargains on 25/10/2012 - 13:06 ¶
so domestic online purchases don't attract a surcharge then? just O/S or vendors that apply a surcharge to every visa card?
mrdavedave on 24/10/2012 - 16:28 ¶I was about to kick myself for already having an ing savings account that I haven't ever really used, because it makes me ineligible for this promotion. But then I remembered I actually opened it up years back when they were doing this same promotion but for $123 haha. Anyone else join up back then?
+2 votes
venismecha on 24/10/2012 - 18:03 ¶Yep! About 8 years ago! I was a poor student so it was very much welcomed!!
+1 votea_haouchar on 24/10/2012 - 16:56 ¶ING interest rate is 3.5 and .75 loyalty bonus (deposit $200 extra each month).
Jabba the Hutt on 24/10/2012 - 17:00 ¶Doesn't appear to be anywhere to enter the promo code if you answer "yes" to "Are you already an ING DIRECT customer?" and apply through the internet banking interface as directed.
chiefbodge on 24/10/2012 - 17:09 ¶has anyone else with an existing account managed to do this? my account is currently inactive so I am unable to apply for a maximiser account until I deposit funds into the account.
- ilikebargains on 24/10/2012 - 22:54 ¶
just done the same now - should clear by friday given it's after hours now
Was this any ING account (Everyday Orange included) or only the Savings Maximiser account ?
I only ask as I have an Everyday Orange account and thought I missed entering the code while applying, so gave them a call. They said they'd credit me $30 as goodwill and give me the 5.35% rate too. The $30 has been credited but the interest rate hasn't gone up yet when I view it online. Maybe it takes a day or something, will give them a ring to follow that up.
It was an Everyday Orange account, maybe more people will get the same deal but I specifically asked about the sign up process and whether I should tick the box saying that I'm an ING customer already or if I should leave it unticked as I don't have a savings maximiser account and the lady spoke with her manager and gave me the response I posted above.
WinterySkys on 24/10/2012 - 18:43 ¶Will you still be able to get the $50 if you signed up for the everyday orange account AFTER you signed up for the savings maximiser account?
+1 voteBargains4All on 24/10/2012 - 18:57 ¶I was under the impression that you do. I signed up for the everyday orange account after I signed up for the savings maximiser account. So I'm expecting $50 in my maximiser account plus a new paywave card with a 5% rebate in the next few days : D.
- +3 votesilikebargains on 24/10/2012 - 22:57 ¶
i didn't bother with an everyday account - just linked it to my other bank account and transferred a dollar.
Perflector on 24/10/2012 - 19:19 ¶Did any of you get confirmation that a code was entered? My code vanished from the screen once I applied the first time. After clicking back in my browser they made me start from scratch and again the word vanished.
- Perflector on 24/10/2012 - 19:52 ¶
Hmmm…I might back-date my clock and take the same measures :)
I don't know why I put in a dollar and not just 1 cent. But I guess in a million years or so that dollar will be worth 100 times more.
Themojorising on 24/10/2012 - 20:49 ¶Opened the account, didnt get any confirmation that the promo code was accepted
edit: activated the online banking thing, and have messaged customer service to double check that the promo code was accepted. Heres hoping everything went through smoothly!
- ilikebargains on 24/10/2012 - 22:43 ¶
i didn't get confirmation either, but if you entered it, should be fine. I'm about to transfer $1 now :)
- +1 votePerflector on 24/10/2012 - 19:55 ¶
I hope not (apparently it shouldn't, as opposed to credit card history). It will make applying for some higher-level government jobs and filling out government forms (ATO, Centrelink) a little more time-consuming.
But I'll be closing it in 3 months perhaps. I might keep my new ME card I got for the $50 to pay for Tiger Airways flights without fees.
- +1 voteJabba the Hutt on 24/10/2012 - 22:13 ¶
Credit rating agencies know nothing of your savings accounts, but your track record with a particular bank might be something the bank looks at when assessing your application for credit.
If any of the agency makes a credit check then it gets reported in your credit report..i have seen my credit report and there is a section which shows the details of the companies who have done credit check..like any bank issuing you a credit card might have applied for a credit check will be mentioned in the report..but like i mentioned earlier it would not be listed as a default..
- Themojorising on 24/10/2012 - 20:43 ¶
Wow. I fail.
I open the account, nominate my existing account the activating deposit will be coming from.
Then promptly tranferred funds from a differant account. Oops.
- Themojorising on 24/10/2012 - 23:08 ¶
A quick glance suggests their promo requires a little more involvement. Purchases and the like using the credit button on an eftpos terminal.
From ING FAQ page -
If you wish to close your account, you can call us on 133 464 and we will do this for you over the phone.
Alternatively, you can mail us a Letter of Direction, requesting the account to be closed and the funds transferred back to your linked account.
- +1 voteilikebargains on 24/10/2012 - 23:27 ¶
Also, in the fine print basically written in bureaucratic style, roughly translates to the $50 could take up to two weeks to appear from the first transfer being received. "The cash bonus will be credited to your first account opened within the first two weeks following your first deposit being made by 1 December 2012."
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rekabkram on 24/10/2012 - 16:50
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CuteBirdy on 24/10/2012 - 21:52
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tanoshiiki on 24/10/2012 - 15:37
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machej on 24/10/2012 - 16:26
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cmdwedge on 24/10/2012 - 15:52
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Totally worth the sign up to get the 5% Cashback PayWave promotion!