I'm currently working in Japan and have been thinking how to make 5+ transactions for a better interest rate.
I tried to buy cheap apps on Australian App Store, but they got summed up in a single transaction.
Now I'm thinking of making five $2 donations each month as they are tax deductable. What do you guys think?
Edit: Thanks to everyone for sharing ways to get it done. I think I'm gonna try signing up Turkish Netflix or Filipino Spotify.
Just buy five things from the convenience store in five separate transactions?
Thought foreign cards might not be accepted. I'll try it next time.
Also heard that Visa paywave works in LAWSONs, but can't find one in my area.
Just think - will these transactions cost you more money than the additional interest would earn you? It could be counter-productive.
I make 5 split payments on a dollar item, not difficult
Buy 1 item at a time new transaction. Zapples freebies a favorite of mine. Ebay $1 shoelaces take little room in a letter box mechanical pencil and leads is 3 transactions. To easy in Japaneasy.
I have a direct debit setup for $1 a week for my Myki account.
How do you do this? I couldn't find an option for direct debit, just auto topup.
Many of these comments don't acknowledge your whereabouts. If you want to go the app route, make 5 different app purchases at different times.
I did made the purchases on different days. But first they don't show up in the transactions, and they came up together when I made my third one. Maybe it was because I paid through Paypal?
I paid for everything I could with my ING card while in Japan. Great exchange rate and no fees. The next month I got the bonus interest rate plus benefits, so it looks like those transactions were counted to achieve the bonus.
When you log in online to look at your account, there's a status icon that says if you're going to get the bonus next month.
I didn't want to use my ING card since AUD has been cheap for last few months… Besides, I live in the countryside, so there isn't many shops to use credit/debit cards.
Did they changed the requirement from 5 paypass transactions to just 5 transactions?
I was confused too. Turns out just five card transactions will work.
i thought it was paypass transactions as well.
i never take my ING card out of home (orange is my least fav colour…) only added the card to my apple watch wallet to pay at woolies self check out lol
I haven't tested this recently, but in the past I tested sending a Paypal invoice to myself (but another email account) for 1 cent, which I paid directly with my ING debit card (no need to set up an account). Paypal keeps the entire cent though so this will cost you 5 cents.
5¢ * 5 = 25¢… worth a try
Just to clarify, that's 1c x 5 = 5 cents.
Oops. Didn't read it correctly. Thought they would round up to 5¢ or something.
5¢ for the bonus. That's awesome.
What's the rationale for PayPal to keep the 1c? Handling charge?
For a standard PayPal account, invoice charges are normally 2.6% + $0.30. Even with a micropayments account it would be something like 5% + $0.05 so there's no profit under 6 cents.
I think their rationale (regardless of the costs from interbank agreements, which I forget) is that people would dispute even a 1 cent transaction on their account, so it's a small form of insurance. But the reality is it's not a "micro"payments service.
I did my 5 while overseas by buying icecreams at the convenience store…
https://www.ozbargain.com.au/node/400486
Cost you nothing. Send $1 five times to a friend and they return it back.
Add your card 3 times, don't bother your friend.
It has to be to a different phone/different account, doesn't it? Can I achieve this with one phone? Thanks in advance.
Add and remove.
Thank you. That seems to be the perfect solution!
Can you schedule the 5 $1 payments with Beemit? So it automatically sends it.
Nope.
Ok smart people. Can an individual get a (free) bank account that can request direct debits from ING's debit card.
How, and where can we set this up?
why don't you pay 5 of your bills? like a few dollars in electricity, water, internet, phone and council rates?
or even better, buy small amounts of woolworths giftcards 5 times.
I've ditched ING and went with macquarie and ubank.