ING Orange 50 cent rebate discussion

CarpalTunnel on 09/09/2016 - 17:47

I only just realised that my ING Orange Bank Account gives me 50c cash back for each EFTPOS withdrawal of $200+ [which I can't do at self checkouts cause their limit is $100 :(]

"EFTPOS - it's free, and when you withdraw $200 or more we'll even pay you $0.50"

https://www.ingdirect.com.au/ways-to-bank.html

I found a forum thread from 3 years ago here: https://www.ozbargain.com.au/node/112908, but wondering if anything's changed in this time. 10minutes for $5.50 is a pretty good rate if you're bored, what is the "limit" of how many times you can use this? Now that the 2% rebate is going, it's one of the rare "benefits" of the account.

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Comments

  • inherentchoice on 09/09/2016 - 18:03
    +2

    The cash out limit is $2,200 per day, per account.

    The terms and conditions say that "we may pay you a cash out bonus" (emphasis added).

    So if someone was abusing the cash out bonus then presumably they could reverse all the $0.50 bonuses at their sole discretion.

    It's intended to be an incentive to use cash out so that they save on ATM rebates. It's not intended for cheapskates to try earn $5.50 per 10 minutes.

    https://www.ingdirect.com.au/pdf/Orange_Everyday_Terms_and_C…
    https://www.ingdirect.com.au/pdf/Orange_Everyday_Fees_and_Li…

    • CarpalTunnel on 10/09/2016 - 04:19

      Oh yeah, I agree. But just like keeping a fuel docket is likely only gonna save you $2 for your trouble for 50L of petrol, you could have done that just by ringing your stuff through 4 times instead of just once at the woolies self serve checkout.

  • retiredfeline on 09/09/2016 - 18:13

    which I can't do at self checkouts cause their limit is $100

    I have no problem getting $200 at Woolies. I haven't used a local ATM for years. I get 50c bonus, Woolies carries less cash. Win-win.

    • tanoshiiki on 09/09/2016 - 19:56
      +1

      Coles self-checkouts seem to have limits, but not Woolies.

      • Baysew on 09/09/2016 - 20:35
        +3

        Because they are down, down.

      • CarpalTunnel on 10/09/2016 - 04:18

        Oh ok. Shame the woolies near me doesn't have self serve checkout.

        • retiredfeline on 10/09/2016 - 08:58

          You can request cash out at staffed checkouts without a purchase. Of course if you are going to try to do this multiple times in a day, you might attract attention.

  • veetor on 09/09/2016 - 21:08
    +1

    Someone tried this before.

    • shortgum on 10/09/2016 - 14:13

      yeah. once a day should ok. dont border multiple times. i got a call before too.

  • jes on 15/04/2022 - 22:41

    Does this still work

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