Essentially the same as a Orange Everyday account except no minimum monthly deposit to get benefits.
Orange Everyday Youth (15-17) - No ATM Fees/Transaction Fees Worldwide + No Minimum Deposit @ ING
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Referral: random (658)
Until 30/11/2024, referrer and referee will each receive $100/$125 for opening new Orange Everyday & Saving Maximiser Accounts.
Referrer: Do not participate in the referral system if you do not have a current $100/$125 referral code.
Referee: To qualify, you are required to deposit a minimum $1,000 from an external source into the new Orange Everyday account, deposit any amount into the a Savings Maximiser Account, and make at least 5 (settled) card transactions within any calendar month with the new Orange Everyday card.
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Tad dramatic, they still offer more than most banks and their customer service makes up for the Paywave cashback lost.
I'll be very very surprised if that ever happens.
The reform in interchange fees means they simply can't afford to be that generous.
Doubt they'll ever offer even 2% with the transaction account.
Question is…. is it locked to 15-17 year olds?
Or can I start this one up for each of my 10 and 13 year old kids?
Because it looks like a great option!
Under their what you need to know:
You must be 15 to 17 years old.
I believe its due to Visa's conditions of issuing.
Anyone know good accounts for young kids then? No fees and good-ish interest rates?
Same would be interested. Kids have the shitty dollarmites crap at the moment that gives no interest just a jib. Would be perfect if ING had a kids account we could setup for them.
St George Complete Freedom for students and under 21s
https://www.stgeorge.com.au/personal/bank-accountsSpecial offer: Get $50 cash back when you open a new Complete Freedom account by 21 September 2018 and deposit $250 within 45 days. Conditions apply*.
$0 monthly service fee for under 21s and full-time tertiary students, including apprentices
Visa Debit card (if you’re under 14, you get a Freedom card)
Bank online, wherever you are, whatever you're doing
No ATM fee at over 60,000 ATMs worldwide via the Global ATM Alliance.Or St George incentive saver for under 21s. 2.30% at the moment if you grow your balance by any amount in the month.
Sorry late reply. So they (my kids) can have a stand alone account like I don’t need to have a St George account.
Is the account in their name? Obviously O assume as parents we’d be down as the parents or something.
(Maybe I should just call lol)
Bring back the 5% Paywave. ING has been dead to me since they removed it.