Originally just offering online banking products and services, ING Direct Australia is fast expanding and growing their services amidst the Global Financial Crisis. It definitely puts other established financial institutions to shame, and a run for their money!
If anyone should know, Australia is notorious for having banks that charge high monthly Transaction and Account-keeping fees that range from AUD6.00. Multiply that by 12 months, thats 12 months x AUD6 = AUD72.00! Killer Fees indeed!
Up to date, it is difficult at most Australian financial establishments to get an exemption of these fees unless the individual concerned
- is a "full time student- including international students",
- have a "working relationship" with the bank- whereby they have a deposit of a minimum amount- normally exceeding AUD50,000.00
- or, the bank just does not charge account-keeping fees!
ING Direct describes their newest financial product, Orange Everyday, as a "full fledged transaction account with all the features you expect.."
Its facilities include:
- No monthly account keeping fees.
- A Visa Debit card.
- EFTPOS facilities is available.
- Free unlimited online transactions- BPAY & Pay Anyone facilities
- Online bank cheques.
- Free use of every ATM in Australia when you withdraw AUD200 or more.
- Cash-Out Bonus (AUD0.50 cents) on EFTPOS of $200 or more.
It's definitely good news that ING Direct Australia is willing to provide fee-free during this time...
at least I do not have crack my head going around looking for more banks that offers such competitive facilities to SAVE on fees! ^^
For more information on this financial product, log on to their website.
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