expired ING Direct Orange Everyday - All Australian ATM Fees Rebated + 2% Paywave Cashback ($1,000 Monthly Deposit Required)

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From 1st July 2014, deposit $1000 per month into your Orange Everyday and receive.
- 100% of any Australian ATM Fee Rebated.
- 50c bonus for EFTPOS withdrawal >= $200.
- 2% Visa payWave cashback for payWave transactions (<$100).

ATM Rebate Offer
The ATM Rebate offer will apply for the next calendar month when a deposit of at least $1,000 from an external bank account is made to any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month. The ATM fee charged by the ATM operator is rebated immediately following the transaction. The ATM Rebate offer may be changed or withdrawn at any time at ING DIRECT's sole discretion.

2% Cash Back Offer for Orange Everyday Customers
The 2% Cash Back offer is currently available for Orange Everyday customers (including joint account holders) and may be changed or withdrawn at any time at ING DIRECT's sole discretion. The cash back offer applies on contactless Visa payWave purchases under $100 that are made in Australia. The cash back offer will apply for the next calendar month when a deposit of at least $2,000 (will reduce to $1,000 from 1 July 2014) from an external bank account is made to any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month. The cash back amount received will be based on the cash back percentage of 2% and will be made into the relevant Orange Everyday account immediately after the transaction settlement. Should this offer be used in a manner that is not satisfactory or in line with the intent of the offer, we may place a stop or freeze on your account, refuse to apply the rebate to any or all purchases, or reverse the amount of the cash backs. ING DIRECT cannot guarantee that payWave facilities will be available for use for your chosen purchase.

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  • +8 votes

    Woooo!! Does this mean that we don't have to withdraw $200 to get ATM rebate anymore??

    I was gonna switch back to Bank West Zero Transaction for the ATM convenience but looks like I'll be sticking with ING :)

    very impressed

  • +2 votes

    I hope the 5% for existing customers still on the 6 months still continue for the full period of time.

    I suppose 2% rebate still better than most credit card reward schemes.

    • +1 vote

      ya the 5% for 6 months will still continue for customers who signed up during promo period.
      then 2% after those 6 months end.

      ya 2% is great. Probably only gonna use my other cards for overseas travel, larger purchases and complimentary insurance items.

    • +1 vote

      although the downside you can't park your cash somewhere else

  •  

    If I deposit $1000 this month,do I have free access to all ATMs in July?

    Or free ATMs actually starts from 1 August?

  • -3 votes

    Damn so 1st July we will start getting charged for ATM withdrawals under $200 even if we are existing customers though?

    •  

      I doubt they will change anything for existing customers.

    • +2 votes

      wait… what? of course they have been charging if you withdraw under $200, should know that if you're an existing customer?…

      the deal here is that from 1st July they won't charge anything for any amount if you make at least 1k deposit per month.

  • +2 votes

    hmm, i'm on overtime for the 5% rebate. i need to buy some coles/woolies gift cards.

  •  

    Crap deal! If you were thinking of getting one then hurry up, do it and make your first deposit before July 1. You can get 5% cashback for 6 months if you're quick!

    And don't forget to pay it forward to your fellow OzB members by using one of the codes here
    https://www.ozbargain.com.au/wiki/ing_direct_referral_links

    •  

      The deposit for that promo states that the $1000 deposit can be made after July 1 for the 5% cashback offer

    • +10 votes

      Now you can use any ATM knowing if you take out any amount you'll get the fee reimbursed…

      Isn't that better?

      This is not a deal for new customers. They've changed the product for all customers.

  • +1 vote

    I already got this ages ago so not really a deal but reduction to 1000 deposit a month is good news.

  • +1 vote

    Is the 5% paywave deal likely to come back for new customers?
    I still have about 3 months of the 5% rebate on ME bank

  • -1 vote

    since you can gain 50cents everytime you withdraw $200 at Woolies, why not making 11 (max $2200 daily withdrawal) to benefit yourself with $5.50 per day then redeposit and repeat tomorrow (sure they will ring you and blah blah) but this is one of the loophole they cannot fix because if they would rather you to do this instead of 11 x $200 at ATMs, wouldn't they? game on for OzBargainers

  •  

    do you have to open everyday account and deposit 1k/month to get the 2% cash back? Can you open a saving account and put the money there instead, considering they don't give you any interest on their everyday account, or maybe open everyday account and saving account then put the 1k deposit/month to the saving account and still get the 2% cash back. Can someone verify which one of that options will work? Thanks

    • +1 vote

      I don't know for sure But if you open a savings account and an ING everyday account. Get your money deposited into the Everyday account first then you can (assuming you link the two accounts) instantly swap money between the 2 so you can "deposit" it into your everday account then transfer it off to your savings account instantly transferring it to your everyday account when needed.

    • +2 votes

      The $1000 per month just needs to be deposited from an external account. There is nothing saying you need to keep it in your account. You can transfer it into the everyday account and then to your saving account straight away if you wish.

      But that said, if you want the cashback, that is a feature of the everyday account, not the saving account so basically:

            No money in the everyday account = no money for buying stuff = no cashback
      

      ALSO, (and i'm getting tight here) if the cashback rate is 2% and you are spending your $1000 a month you get $20 back. The interest you would earn on that same $1000 for the month would be $2.29 based on the 2.75% standard variable rate of the Savings Maximiser account. You would also need to pay tax on that.

      So if you are only using paypass for the transactions that you would have made anyway with day to day living, you are effectively changing your Taxable interest of $2.29 to a tax-free interest of $20! (correct me if I am wrong here please).

      You could get even tighter and transfer only what you needed between the two accounts for the best of both worlds but even I can't be bothered to go that far…

      •  

        But the rebate is only on paywave, so I guess it depends on how many under $100 purchases you make a month at somewhere that takes paywave. ie its not your entire credit card purchases

  • +2 votes

    pity they stopped that free $75 when it's not even june 30 yet

  •  

    Easy, setup an automated transfer of 1000 into the account on the 1st of the month and back out on the 3rd. I did this for one of my bank West accounts.
    I wondered why I wasn't getting the cash back from pay wave, I didn't know about the 2k current transfer requirement.

  • +2 votes

    you guys can get theiconic $250 voucher in tendem with this offer:
    https://www.ozbargain.com.au/node/146109

  •  

    question: External account? Meaning outside of ING ? is ING Maximise Saving account count as an external account?

  • +1 vote

    The ATM Rebate offer may be changed or withdrawn at any time at ING DIRECT's sole discretion.

    BankWest had this no fee for a while. They then changed it to the ATMs of only the big 4 banks. They claimed that it was due to the ATMs at casinos that charged upwards of $5 per transaction.
    I don't see this lasting.

    •  

      Yep, with all the third party ATMs that gouge up to $5 I can also see this being scaled back.

    •  

      That is reasonable if they change it to the big 4. I hardly ever withdraw from any other ATM any way and the big 4 ATM are everywhere.

      • +1 vote

        But…this is where people get screwed over. Everyone knows st George is part of westpac. But a st George ATM isn't part of the big 4 with bankwest. Afaik, some redi ATMs aren't either,

  • +7 votes

    This is a game changer my fellow ozbargainers!

    I am now calling it. Please consider that as an official endorsement by the Spending Hacker ;) :

    Provided you have regular income and can meet the $1,000 a month deposit requirement, The ING Direct Orange Everyday account is now the BEST transaction account in Australia!!

    Given they still charge fees for overseas use, I would still recommend people keep using Citibank Plus as a secondary transaction account for when they go overseas or for making online purchases with overseas merchants (unless they qualify for a Bankwest Zero Platinum or 28 Degrees Mastercard).

    July 1 will mark the official 'crowning' of the new king of Transaction Accounts in Australia!

    P.S: As this is an ongoing offer come July 1, might be worth considering moving this thread to the forums.

    • +1 vote

      ING transaction account
      Citibank travel (and online buys) account
      And a high interest savings account

      The magic trio of Australian money services?

      • +1 vote

        28 degrees or bankwest platinum credit card for overseas purchases.

        a home loan with an offset account.

        •  

          Agreed provided you can qualify and know how to be responsible with borrowed money.

          Otherwise, the interest payments will send you straight to the 'poor house'

    •  

      how do CBA, WBC & ANZ, with their $6/mth account fees, have any customers?

      • +1 vote

        As part of getting my CBA home loan, the bank automatically opened a Complete Access account for me. $6 per month account keeping fee unless I deposit $2k per month. Home loan funds are automatically drawn from it.

        So… my money goes on a bit of a holiday.

        Pay left over after home loan -> Complete Access -> ING -> UBank. Satisfies both CBA and ING while keeping the cash in the highest interest account.

        Waiting for my honeymoon home loan period to end so I can move away from CBA. To redraw funds from the home loan they charge, wait for it, $50! For every transaction. If it wasn't for the fact that ING and UBank didn't do construction loans I would have never considered CBA.

      •  

        I have a CBA account purely for the occasional time I need to do a branch transaction (deposit coins, cash, cheque, etc.). I know a lot of people don't actually need that part of an account, but for me CBA has the most convenient branch localities.

        Will seriously be considering ING for my day to day now that ATM withdrawals don't need to be >=$200.

        •  

          I have a CBA account purely for the occasional time I need to do a branch transaction

          ING offers a BETTER option for in-branch transactions as you can make withdrawals and deposit cash and cheques fee-free at any Australia Post Branch.

          This means, by definition, that ING (and also Citibank by the way), have the largest branch network in our great southern land! :)

        • +2 votes

          Australia Post doesn't have coin counting machines (this is important to me - I like to get rid of coins in ways that don't involve me carrying them everywhere); and just personally, I find post offices usually have the worst customer experience (worse than banks).

          As I said, it's not for everyone, but there is still value in the larger banks for some.

      •  

        how do CBA, WBC & ANZ, with their $6/mth account fees, have any customers?

        Simple really. They haven't read this post;)

        Would be nice if someone told them the news….mmmm, maybe it should be us! :)

    •  

      Hi do you know if the 1000 a month deposit could be a withdrawl, then redeposit?

      •  

        Absolutely!

        Provided you withdraw to a non-ING account and shuffle back in (even the next day), you should be good.

        I've done it myself (as a test) and so has a member of my team.

        It works for both 2% & ATM fee rebates AND for getting the 3.5% rate on the savings maximiser (the second highest at-call rate currently available in Australia)

    • -1 vote

      I am confused between ING Everyday and ING Savings. Which one is a better account?

  • +2 votes

    Note for existing customers
    "Australian ATM Withdrawal Fee Rebate - for withdrawals of $200 or more
    This Australian ATM Withdrawal Fee Rebate is only available to Orange
    Everyday customers who held an account prior to 1 July 2014 and will only be
    available for these customers until 31 December 2014."
    From http://ingdirect.com.au/pdf/Orange_Everyday_Fees_and_Limits_...

    So existing customers for fee free ATM $200+ withdrawal will need to do the $1000+ deposit thing starting next year (or one month before).

  • -2 votes

    I wish they'd consider depositing $5k pm for ongoing 5% paywave rebate instead of introductory. They probably realised some people transfer the money out after straight away it's been deposited. But anyhow, 2% is still better than most CCs out there :) They could cut back on the fee free ATM withdraw… Many of us have another (fee free) account with another bank that allows access to some ATM networks for free.

  • +1 vote

    As I have a homeloan with ING I've been paying no ATM fees, so for me this is no change.
    But for everyone else, welcome to the club… it really is awesome knowing you can pull out $20 at absolutely ATM whenever you need.
    ING are awesome, just hope they can keep it up.

  •  

    I will be missing 5% cashback from ING.

  •  

    5% rebate gone forever?

  •  

    If you are still on the 5%, put in $1000 before the end of the month so you are covered next month if they suddenly end your run. I know a couple of peeps on the 5% still who had their cards activated over 6 months ago.

  • +1 vote

    ING is awesome

  •  

    Is the 5% rebate offer gone after 30 June?

  • +1 vote

    That is good!!!

    I have been a loyal customer of their's for years now. I have no reason to change in that time.

    Free ATMs, 2% cashback on paywave. Other financial institutions should be offering their customers these kind of good deals but then I guess they are not crazy.

  •  

    Anyone that apply this account, just a heads up , always follow up ur application , I had a really bad experience with them and still sorting some issues out at the moment. At first when I applied orange everyday acc for the 5% rebate promotion, been waiting for 2 weeks without hearing anything from them, after I message them , they said for some reason my account hasn't been processed and they will process manually for me. Finally got my account up and running then realise they recently amend my 5% cashback to 2% without any notice or reason at all. After contact them, they gave the same excuse again which is my account hasn't been loaded with correct rebate, then change me back to 5% rebate again. Then, just check all my paywave transactions , none of them got any sign of rebate at all so far even the transactions had left the "authorisations field" , first time with ING and been really disappointed :( hope no one else as unlucky as me

  • +1 vote

    Withdrew $50 today.. got my $2 rebate straight away :)

  •  

    Why do woolies caltex paywave always crash, lost my $2.5 cashback again… fxxx

  •  

    Is Ing Direct going to have another Bonus soon? Thinking of waiting for it before joining. Something like this? https://www.ozbargain.com.au/node/156176

  •  

    I just got made redundant, does anyone know if I withdraw 1k then re deposit it, am I still eligible for the bonus

  •  

    How is ING Savings account different from savings account of say NAB or CBA or Westpac? Just to let you know where I am coming from. I already have Westpac checking and savings and I don't want to create multiple bank accounts and manage multiple cards if there's no great additional advantage.

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