My Slightly Naughty ING Transaction Hack (Don't Tell Them)

Okay, so I probably shouldn't be sharing this — but here we are. If you're with ING, you'll know the drill: to earn that sweet bonus interest and avoid fees, you need to:

Make five card transactions per month,

Deposit at least $1,000 from an external account, and

Grow your balance each month (for the Savings Maximiser bonus rate).

Now, I used to automate all of this, but after moving things around and temp relocating overseas, I’ve streamlined it into a five-minute monthly ritual that hits all the requirements — with minimal effort.

💸 Step 1: Faking the External Deposit
Transfer $1,000 out of your ING Orange Everyday (OE) to an external account (e.g., Westpac).

Wait a few minutes (thanks Osko!), then transfer the $1,000 back in to ING.

✅ ING sees it as a valid external deposit. No one’s the wiser.

🛍️ Step 2: Quick Card Transactions (Even If You're Overseas)
I’m currently based overseas , and while I use the card normally I have other cards for other things (cashback cards where i am) , so I mainly use ING for high interest plus international transactions with no fees sometimes I fall short of the required five transactions. So here’s the trick:

Near the end of the month, I check how many card transactions I’ve made.

If I need more, I go to Aussie retailers like Bunnings online.

I buy small items (e.g., washers for 17 cents) via click & collect…….. when you don't collect, they will refund a week later

Each checkout = one transaction. Do as many as you need.

Because they’re Australian merchants, they settle fast and count for ING’s purposes — even from overseas.

📈 Step 3: Faking the Balance Growth (The Underrated Hack)
Yes — ING requires your Savings Maximiser balance to grow each month to get bonus interest. To make sure this box is ticked, I’ve set up an automatic payment of $0.10 from OE to Savings Maximiser each month.

✅ Technically, your balance has grown. That’s all ING cares about.

🧠 Step 4: The Advanced Maximiser-to-Maximiser Shuffle
(Full disclosure: I didn’t figure this one out until I was overseas — and I can’t set it up properly until I’m back in Australia.)

If you really want to game the balance growth rule, here’s how:

Open a second Savings Maximiser.

On the 1st of the month, withdraw whatever money you’ll need for the month from Maximiser 1 and move it into your Orange Everyday.

Transfer everything remaining in Maximiser 1 into Maximiser 2.

So now:

Your balance in Maximiser 1 has technically increased (since it started near zero),

Your money is still earning interest in Maximiser 2,

And you’ve kept full bonus eligibility without actually growing your total savings.

I haven’t been able to test this fully while overseas, but in theory, doing this once at the start of each month should keep ING’s system happy.

⚠️ Final Thoughts
Yes — this all takes about five minutes a month.
Yes — it requires keeping some cash spread across multiple accounts.
But if you're organised (or just stubborn like me), it’s a neat little system to keep your interest flowing while barely lifting a finger.

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Comments

  • +194

    Seems like it would be far simpler to just open a Macquarie account where yoy don't have to do anything but interest rate is effectively the same. The amount of time you've spent writing your post, automating it and things would be far more than just using a simpler account.

    Also your second hack annoys me a lot. Creating fake click and collect orders is exactly how you end up raising the price for everyone else and/or companies binning the feature because of people wasting their time.

    • +121

      Also your second hack annoys me a lot. Creating fake click and collect orders

      Agree. Please don’t create fake C&C orders.

      An alternative would be a small donation. Plenty of charities will process your transactions.

      • +2

        I reckon shops could "defeat" these fake click and collect orders by having it automatically become a delivery order after X amount of time uncollected (rather than refund). Obviously the delivery fee is going to be high!

        • +6

          It still requires someone from the Bunnings store to go fetch the product and store it behind the counter.

        • +1

          You’re wasting staff time picking the orders. Don’t be selfish.

    • +11

      but interest rate is effectively the same

      4.5% is not effectively the same as 5%

      Leaving your money in a 4.5% account when there's a 5% account also available is not only costing you but others as well since it tells Macquarie and others not to bother being competitive.

      • +23

        Using ING is also problematic since it tells them people will use it despite all their stupid hoops.

      • +13

        Lot of effort for that extra 0.5%. Average savings in Aust is around $50k so that 0.5% represents a bit under $21/m. You're jumping through a lot of hoops to earn under minimum wage for your efforts. Something goes wrong, a transaction doesn't go through etc and you don't notice you probably wipe out the entire years 0.5% gain.

        • +4

          Not really. Takes me less than 5 minutes per month to check I've jumped through all the hoops.
          Assuming $21 extra return for that effort then that's $252/hr rate of pay for my time. Seems alright to me.

          • +8

            @tenpercent: Get Macquarie dude. It's not worth your time.

          • +2

            @tenpercent: Seems its worth that extra tenpercent wouldnt you say?

          • +1

            @tenpercent: yeah but I'm not buying that 4-step shuffle, including going to Bunnings website and making several fraudulent purchases, only takes you 5 minutes.

            I tend to track my time use - and when I actually measure how long frigging around with bank accounts actually takes me, it's often more like 2 HOURS …

          • +2

            @tenpercent: nice theory doesn't work in real world; the maximum you can ever get is $21 for this hack so it doesn't translate to $252/hr because you cannot spend an hour on it and get $252/h

            a better use of this time is to learn to becomes a better investor or better your skills and that could land you a lot more money in return and it do not limit to $21

            • @MrMarket: $21 in 5 minutes is still $252/hr
              That's how rates work.

              a better use of this time is to learn to becomes a better investor or better your skills and that could land you a lot more money in return and it do not limit to $21

              As I said to zealmax, that's an entirely different conversation. It's a valid conversation, but it's not the one that I or the person I was responded to were having. The fact remains if you are in the market for a HISA (whether you should be is a different convo), you can't beat, at the moment, ING's Savings Maximiser which offers 5% p.a.

              • @tenpercent: like I said good in theory zero application in real life, anyone can use Extrapolation but Extrapolation /= real actual result

                can you continue working on the hack after 5 minutes for one hour and get $252? the answer is no so the Extrapolation doesn't apply in this case

                • @MrMarket: Nobody is talking about extrapolations. For those 5 mins I earned $252/hr.

                  Seeing as you want to take the conversation away from "5% is a bigger number than 4.5%"… Tell me your alternative amazing investment ideas that net you more than $252/hr in 5 mins?

            • @MrMarket:

              a better use of this time is to learn to becomes a better investor

              …by being on OzBargain ;-)

              ( investing time to learn about saving money )

        • Less after tax.

          • +1

            @zealmax: Yes. Does this make more sense for you?

            4.5% (less tax) is not effectively the same as 5.0% (less tax)

            • @tenpercent: 0.5% - tax seems meaningless. Depending on your goals I would look for a better investment.

              • @zealmax:

                0.5% - tax seems meaningless.

                So you should probably just put your savings into a 4.0% account then and ignore the 4.5% offer on the table?

                Yes. Me take 4.0%

                But 0.5% is meaningless. So you should probably just put your savings into a 3.5% account then and ignore the 4.0% offer on the table.

                Yes. Me take 3.5%

                But 0.5% is still meaningless. So you should probably just put your savings into a 3.0% account…

                …and so on…

                Depending on your goals I would look for a better investment.

                That's an entirely different conversation.

                • @tenpercent: Putting your pre-tax money into schemes like FHSS gives you instant 15-25% through tax concessions. Super generally does better than 5% return. I am making the assumption OP doesn't own a house or have a mortgage since it would be more effective to pay off the mortgage and save over 5%.

                  • @zealmax: Judging from the comments it's more than just OP using various high interest savings accounts.
                    Assuming you (in general, not you specifically) have decided you will save some money outside of the options you suggested, and assuming you do have a HISA, then 5% is the highest available return at the moment.

        • The amount of effort required is really over exaggerated when compared to the multiple benefits you can receive.
          You have deliberately made it seem like it is not worth doing for 'only' $21 a month, but that equals around $250 per year. Would you really not spend 20 minutes automating all of their hoops for an extra $250 a year?
          Hoop 1: External Deposit - can easily be automated using recurring transfers that happen once a month
          Hoop 2: Make 5 card purchases - I have any monthly subscriptions come out of this account automatically (Spotify Family plan $23.99 per month)
          Hoop 3: Grow the balance each month - I use the everyday roundup feature on the debit card to automatically transfer the extra 1c from my monthly spotify subscription into my savings account to increase the balance.

          This took me 20 minutes to setup 5 years ago, given the average of $50k this means I have made at least an extra $1250 for 20 minutes of work.

          Using ING to pay for my spotify also has the added benefit of refunding me for the international transaction fee since the merchant spotify uses is not AU.

      • +6

        I’d argue that a bank offering 5% with many hoops in the hope that you fail and make 0% is worse than another just being straightforward and simply offering 4.5%.

    • +3

      Won't someone please think of the companies 😱

      Do it to colesworth

    • +1

      I did just this. Also because they started doing endless "Get to know your customer" checks on me, every month I believe because I reached the cap of their savings limit for interest. Every time I provided what they required, and told me that was all they needed, they started a new one.

      • +1

        I had the same for a few months, then it eventually got sorted once I found a decent agent.

        I almost left ING because of this terrible customer service, didn't want to be locked out of my funds.

        • I was meaning to leave because the rate was lower than Macquarie, but I was lazy. Them mucking me around so much and threatening to freeze my savings pushed me to Macquarie. No more mucking around with their terms etc for interest now.

    • +6

      Also your second hack annoys me a lot. Creating fake click and collect orders is exactly how you end up raising the price for everyone else and/or companies binning the feature because of people wasting their time.

      Yes, this sucks. This is why we can't have nice things.

    • +1

      You can easily hit the card transactions quota at Coles/Worthworths. At the self service checkouts, you can split your bill into various amounts/payments so I just do $0.01 payments till I hit my quota.

      Just takes a couple extra minutes to do and most people need to buy groceries or something from Coles/Woolworths already. Just make sure you don't do this during peak hour and there's a long queue of people waiting to use the checkouts. Also, opt for digital receipts cause its an extra 8cm of receipt for every transaction.

      • an extra 8cm of receipt for every transaction.

        Free grocery list paper.

        • TP

    • +3

      Agree there is a better way for the 5 small transactions.
      Open a "the Lott" online account. I transfer $1 in 5 times in a row with the saved card each month …. and you can later withdraw it again as its your money to cash out.

      So it costs nothing and no one has to do anything. Takes me about 20 seconds.

      • This is the most convenient way except i gamble and lose the money.

        • But what if you win this time?

          • @kiitos: I'll probably stop worrying about all these stupid hoops lol

    • I love buying random cheap bulky things from Wesfarmers using OnePass' free shipping. A 0.80c bucket end up costing them at least $16 in shipping and fulfilment.

    • Does Macquarie have any catch?
      What is the rate?

  • I’ve been doing step 4 for years with another bank, that one is a no brainer.

    • So you don't end up missing out because the second account doesn't grow?

      • +1

        I take the interest (usually every three months) out on the 1st of the month to supplement my pension, then move the balance to my second account so I only lose 1 days interest. I have a direct deposit set up for the required $200 that the account has to grow within the month so you change the direct deposit account when you do the withdrawal and move the savings.

        • Theres a guide somewhere on another post where someone explains how to set up 3 SM and you dont lose a days interest.

          • @Pufff: If you take out what you need and then move to your second high interest savings account on the 1st of the month you don’t lose a days interest. I was incorrect in my previous response.

  • +1

    OP= TMTOH

    • +5

      Trimethyltin hydroxide ?

      • +6

        Trimethyltin hydroxide? I barely know her

    • Needs more letters.

      Standard OzB requirement is seven letters

      TMBTOYH?

      INACAYT?

  • +20

    You naughty boy

    • +7

      Such a scallywag

  • The Whirlpool forum had a Wiki page regarding this which seemed to suggest you'd need to log on to website and nominate which account will receive the maximum interest each month. Otherwise yes, I agree with others in that you shouldn't need to make fake click and collect orders. The Beem It app should let you make BPAY payments that count as transactions, for example. Five small superannuation contributions, payments for bills or similar would do the job fine. Even deposits into sportsbooks would do.

  • +5

    i wish i was rich enough for this

    • +9

      go to bunnings and ask for all the free 17cent abandoned click and forgets

      • +1

        This would actually be hilarious. Next OP post: "Help! Someone has been stealing my click and collects"

  • +2

    Can you get AI agent to do this?

  • +14

    Woolies, split payment.

    • +2

      Can you split payment 5 times in the one transaction and also use the same card for each split?

      • +5

        Yup. I haven't done it in the past couple of months but it's worked previously.

        • +1

          Wild. I'll try this next time.

      • +1

        Yes you can, use self-checkout, split payment(card) then select the amount $0.01, repeat this process for 5 times.

        • That's what we need, as if people aren't already glacier slow at the self-serve checkouts.

        • -3

          What if my total purchase is more than $0.05?

          • @Chandler: I believe most of the purchases in the supermarket will be more than $0.05, you can pay in full with the other cards /cash/ store credit/ gift card etc.

    • +6

      you can also shortpay your last payment by 1-2 cents and WW terminal will write it off.

      • -1

        only at a machine that takes cash

      • -1

        The real deals are always in the comments.

        If I pull this off every time I shop at WW I'll make close to 5 cents per year!

    • Coles too

    • +3

      This is what I do. 5x $0.01 split payments, followed by full balance to my HSBC card with 2% cashback (<$100, multiple $99 split payments if total is more than $100).
      I also use BoQ which has 5x transaction requirements, so some months I would need to do 10x $0.01 transactions 🤣

      My understanding is these individual payments cost Woolworths somewhere in the order of $0.20 per transaction with the payment processor🤔.

      • BOQ allows BPay so you could make a few payments into Super, HECS etc

  • +17

    I buy small items (e.g., washers for 17 cents) via click & collect

    Bunnings staff must love this.

    • -5

      They have a job.

      • +5

        What, to deal with people making tiny purchases they don't even bother to pickup?

        • -2

          No. They don't deal with those people because those people don't pick it up.

    • +1

      If OP is doing this to C&C at the same store every month, the staff probably recognise him as someone who won't pick up so they don't bother picking the order. Just mark it ready for pick up.

      • If they were clever they would start declining the orders completely…

        • Depends on if they have metrics to follow. Something like pick order within x minutes could really be boosted by not having to actually go pick the items. Not sure if they do metrics like that though

  • +15

    You absolute legend! /s

    No wonder there's bottle necks when shopping online at Bunnings.FFS.
    Also if you rated your time as worth $$ you're not really in front.

    PS: I suspect at some point Bunnings will force a minimum spend on click & collect to free up space in their systems. So that may impact genuine customers orders.

  • +6

    Step 4, Just so you know, the way I remember it to be you nominate with ING a specific maximiser account to get the bonus interest. So, you can't have two maximiser accounts, both setup solely in your own name, and get bonus interest in both of them. However, you could have 1 x individual and 1 x joint account though and get bonus interest on both of them, assuming you made your 5 transactions on a joint transaction account to make both accounts eligible.

    Step 2, Although innovative, I do not think wasting another unrelated business's staff time in collecting the items initially, storing them, and then manually cancelling the order later on, and then returning the items to the shelves should be encouraged. Surely there are other, less disruptive ways, such as 5 small transactions on a utility bill or something. I realise that the OP may be overseas at the moment, but really, there must be a better way. I encourage you to please edit your step 2, I don't think Bunnings needs thousands of Ozbargainers clogging up their click and collect system.

    • +5

      I don't think Bunnings needs thousands of Ozbargainers clogging up their click and collect system.

      Some would say it's a dog act, and If they ran a poll on that description, I'd vote AGREE

  • +14

    Thought we'd have epic technology like hover boards and teleporters by 2025.

    Instead, we're spending our time buying 5 fake 17 cent washers every month. Fuk u ING.

    • Thought we'd have epic technology like hover boards and teleporters by 2025.

      What's stopping you from inventing those…

      • +5

        He needs some washers to finish the prototype but Bunnings is always out of stock

  • +14

    Buy 5x $1 Amazon gift card instead. None of what you said is new or a secret.

    • The best way if you are overseas for long time.

    • or buy a cheap item and have it delivered from kmart or any other site that accepts afterpay and do 5 micro payments of 1c at a time to qualify.

  • +10

    Sigh, I remember when they had 5% cash back for paywave purchases.

    • They also had a 50c cashback for any cash withdrawal over $200. Could draw out money all day everyday as an occupation.

      • Didn't know that's over, havent done in ages at a supermarket

  • +16

    Ok chatgpt

  • You're missing a vital step in the transferring funds from one Maximiser to another, but I'll let you discover that.

  • +5

    (Don't Tell Them)

    With the speed ozbargain threads are cached into Google search now all of ING and China know

  • +5

    Sorry all these hacks are old well established norms for savvy/ozbargainers.

  • There are way way WAY more simpler techniques but I won't say.

    The fact that there are 20+ upvotes on someone suggesting that earning 4.5% outweighs 5% is enough for me to know you don't need to feed the lazy. Just let them be.

    • I know what you mean. And I totally agree with you. I also use those “way way WAY more simpler techniques”.

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