I have been with ING for a number of years.
This year there have been a few rate cuts, with ING I will be checking around now to see what others are saying about UBank. We do not work anymore and the rates over the years have not been kind for those who are not working and rely on their Savings as well as those who are indeed working like to see their savings grow and not go the other way. ING have always been good but the rate changes are making us change our mind like others as to what we do next.
Was good. Now not so much
I really liked my Savings Maximiser. It was easy to use and ING are good to bank with. However the rate has dropped over the last year and for the last 2 months Ove been missing my bonus, despite meeting their requirements.
Ive moved to a different provider where the rate is guaranteed
Interest Rate Dropped 1% in 9 Months
Used to be great account perks and no fees, yet they drop the interest rate rapidly and drastically. Looking for better options. Used to be good support, now I've been waiting 25 minutes on the phone. Blocked my account for no reason and I not cannot access my funds.
Cannot open a Youth Savers Account without a tax assessment or other bank account
So you cannot open a youth savers account without a statement from another bank account or a tax assessment notice. So how do young people start out? obviously not with ING. Why would you open an ING account if you already have one, and to start working you need account for salary so you don't have an tax assessment until you start working. I cannot imagine there are many youth accounts with ING. Not something they support.
Left ING 2 days ago, savings int rate gone down
ING has gone downhill. They kept slashing their savings interest rates and on top of that, you have to use your debit card at least 5x a month to get the full interest rate. Moved to Ubank for better interest rates without the ridiculous conditions ING has. Will never look back.
Liability o interest rate due to false notification
Yep, they were good - but with this 5 transaction rule - and no notification that I wasnt meeting it - I have not been getting the interest since Feb - then ING send a customer email saying saying that high interest rate has dropped which implies that I was still getting it - only cause I called I was told I am not - I believe that I am liable.... better banks out there.....
Opening children saving maximizer
Don’t even go there. I have told them we are not going to do business with them. Here is the event:
What a hassle opening minor children accounts. They need to provide iD including residential iD. Who is going to give an iD fir child with residential address on it. They don’t have it so ING refused to let them open their individual accounts. I am not going to give my business to jerks who are asking the minors to open an account by them self and provide iD. I am going to report to Banking Ombudsman.
- Verified customer
Never looked back since I went to ING
Absolutely fantastic bank, considering they don't have branches and they still manage to be better than the rest! I really like that I can just walk into any Australia Post and simply make a deposit within seconds. 10/10
- Verified customer
Lack of regard for customers
You'd think that a fundamental function that a bank would perform properly would be to get their customers' names correct, right?
Wrong! My name is one of those names that start with a small "de" and a space, then a capital. And ING point blank refuses to print it that way on my statement! They *always* capitalize the first letter of a surname, because, apparently, they *always* capitalize the first letter of a surname. That's their reason!
Getting somebody's name correct is a fundamental part of respecting them as a person. ING lacks that respect.
Time to move on
We used to be very happy with ING until they stopped a few years ago, without prior notice, accepting pension payments from overseas. This caused us an awful lot of problems as the funds were returned and we had to provide an alternative account. To get this all going again took us 3 months. Subsequently I closed my Superannuation account with them.
Recently I asked them to stop their ridiculous ads that were built around helium balloons. Balloons are nothing more than single use plastic. They kill our birds and turtles and other wildlife, pet...
Easy, quick, convenient
this was quickest ever i has opened an bank account and hassle-free. I never had to contact the bank for fixing issues hence cannot comment on efficiency of support desk.
But the App works way like a dream. many options such as opt to check balance on login screen before login. Option to open multiple sub-accounts to manage your savings and expenses. Great choice.
4 starts for now, i will update to 5 if i continue to see same consistent service after 3 months.
- Verified customer
Extremely inefficient service from ING
On information so convincingly proffered by the Barefoot Investor (for clarification I don't doubt Scott Pape's asserted independence), to make my money work harder, I turned to ING and I opened an ING Orange Everyday account and a Savings Maximiser ("SM") account.
During the process of opening ING accounts I was asked to put down account details of another account to be linked to the SM account, which I did. Soon after I realised that it made more sense to link the Orange Everyday to the SM account. I then contacted ING to made the change ...on Friday 17/8/2018. Initially I was told the switch would take about 3 business days say by the following Wednesday. However, a full 4 business later it still wasn't done. So I rang them up to see what happened and told them I needed the switch to be done urgently for transfers. I was told it should be done by Friday 24 August. On 26 August I logged on and saw it still wasn't done. So I rang up ING again. This time, however, it would take 6 business days for the switch to occur, albeit without any guarantee it would occur though. ING told me to contact them again on Monday 27 August if the switch isn't done and then a manager will be notify to "escalate" it. What a waste of time! I am very disappointed at ING's inefficiency: 10 days to link one ING account to another ING account (both in my name) in this time and age is simply unfathomable. Obviously ING has become a victim of its own success. It obviously doesn't need my money. So I am taking my business elsewhere.
ING going the same way as big 4
Have been with ING for over 10 years & was very happy with Maximiser & Orange accounts.
They also have very good Australian call centre.
After changing the rules earlier this year I am no longer investing my savings with them as I can't do the 5 debit card uses per month. I have found I can get a better interest at another Australian financial company.
So ING will loose my savings as they mature & Maximiser account already moved.
I really think the managers at ING need to look at their knowledge of how some of their customers use the accounts..
Windows Phone online access terminated...
I have had an ING Savings Maximiser account for about 12 years. I just found that I can no longer access my account using my Windows Phone as they prefer everyone to use Android or iPhone. I think this is sad, because I do pretty much everything from my phone and there is nothing wrong with Windows Phones, except for having fewer apps available than other smartphones. Not only has ING discontinued the app, but they have also made it impossible to access online banking, as none of the available browsers work with Windows Phones anymore. ING is t...he only company of any type in the world with which I have encountered such an issue, and I have been using Windows Phones for about 8 years. I initially only came on to ProductReview to look for another online bank, purely for this reason, but I thought I may as well leave a review while I was here. I typed it all on my Windows Phone too! Amazing!
Taking my account elsewhere
Up until now I've been more than happy with ING. Today, just by chance I noticed that I am no longer getting my high interest rate because they changed their policies back in March 2018 to make you use your card for 5 purchases a month. Apparently all I need do is purchase 5 cups of coffee!! All I want is a savings account not another visa debit credit account and the last thing I need is to remember to use it 5 times or lose my interest. Bad move ING I think you will lose a lot of customers, me being one. Ubank have a very good interest rate with no withdrawal penalty and only $200 deposit a month up to $200,000 as opposed to ING capped at $100,000.
Savings interest rate is HUGE!
I have opened my account with ING last months, just because they have the highest ongoing interest rates in Australia.
*Their interest rate is 2.80% which is quite high compared to our BIG 4 banks.
*They are offering a referral bonus $100 when we open the account via an existing customer's referral link.
*If you deposit 1000$ a month into your orange everyday account you'll be using all the Australian ATM's for free plus their is no account keeping fee..
*From March 2018 there one more condition to get service free months is need min 5 purchases sing POS
*Atlast, their customer service is excellent!
Questions & Answers
Has anyone had issues with their Direct Debits not working? Loads of issues with multiple payments not coming out (showing as declined to merchant but with correct details and sufficient funds). It's from our Orange Everyday Account and their customer service is stumped and unhelpful.
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