How to achieve 5 instant ING settled transactions?
Have done 5 today using Paywave and 5 using insert (Visa Debit) and PIN. None seem to be instant
How to Achieve 5 Instant ING Settled Transactions?
Donaldhump on 27/02/2021 - 13:04
Last edited 27/02/2021 - 14:27 by 1 other user
Last edited 27/02/2021 - 14:27 by 1 other user
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none seem to be instant
There is no magic to this….. They will settle in due course.
Why do you need it done TODAY?
5 transactions in a calendar month to keep benefits.
Though OP has had 26 days so far to do this.
Though OP has had 26 days so far to do this.
That was my point ;)
It’s a weekend. It may not be instant. You should have made your transactions earlier.
yes of course, i f'd it up… just have to clear it out for the month to another bank
You can try beem it. But even if you did an instant transaction, ING only changes the status of "5 settled card transactions" on the next day.
Two places that seem to settle instantly for me are Coles and Kmart. You could try buying from those places.
cool ill give a crak, back to the shops i go
Instant clearance at Hungry Jacks as well
Hey Mate,
Just did a couple of tests at my work, the transactions as long as you insert and do savings are instantly settled on the ING account even though my EFT terminal doesn't settle until 3am tomorrow.
The taps take around 3 days to change from pending on the ING side though.
thanks, yeh mine still pending.. just move to mazq for the three months.
never thought i'd get major wood for a 1.35% interest rate
Yep, I've been told by bank staff that Woolies and Coles usually process all their transactions everyday at end of the day (possibly midnight). Not sure if that makes it count towards today or tomorrow though.
Not Woolies for sure, known from Zip Dec 10% off deal.
And no Woolworths?
I have no idea how long eftpos takes to settle but give it a try
Yep.
EFTPOS savings payments using your ING card should be settled as soon as you tap your card at Coles, or insert your card at Woolworths and select Savings.
So… 5x 0.01c EFTPOS savings transactions at a major supermarket should do the trick.
Eligible customers could get a great variable rate of 1.35% p.a. every month.
Available when customers deposit $1,000+ per month (such as their pay) and make 5+ card purchases that are settled (not pending) each month to get these benefits the following calendar monthING is making their customers jump through hoops for a measly 1.35% p/a or 0.0036986301369863% p/d. That hurts.
Yeh I’m hoping every one bails the bank, and their balance sheet decimates
But they are the highest… sad world we live in atmIf you are smart about it (use your imagination), it really only takes 1minute to fulfill all requirements every month.
I have been happy doing this for 2 years.
We closed all our saving accounts last year. Two of them were paying 3.5% p/a. People that are a bit savvy can DYOR and find interest rates that are between 2x to 4x more than what the legacy banks are offering.
Legacy banks have been playing their customers for fools for far too long. High fees and 💩 interest rates on savings is on the bottom of their dodgy list.
They've been fined for money laundering violations, dodgy credit approvals, overcharging and sham insurance products.
https://www.austrac.gov.au/news-and-media/our-recent-work/we…Westpac ordered to pay $1.3 billion penalty
21 Oct 2020
The Federal Court of Australia has today ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalt…
AUSTRAC and CBA agree $700m penalty
4 Jun 2018
An agreement has been reached today between AUSTRAC and the Commonwealth Bank of Australia (CBA) for a $700 million penalty to resolve Federal Court proceedings relating to serious breaches of anti-money laundering and counter-terrorism financing (AML/CTF) laws.https://www.afr.com/companies/financial-services/cba-fined-f….
Oct 30, 2020 – 9.05am
Commonwealth Bank of Australia was fined $150,000 by the Federal Court last week, the corporate regulator said on Friday, for increasing the credit limit of a gambling addict in 2017, one of the disturbing case studies in the Hayne royal commission.https://www.canberratimes.com.au/story/6783417/cba-fined-5m-…
JUNE 5 2020 - 6:09PM
The Commonwealth Bank of Australia has been fined $5 million for overcharging thousands of customers on a financial product designed for farmers.
CBA has refunded more than $8 million to 8660 customers it overcharged fees and interest on loans and also underpaid interest on savings, through its AgriAdvantage packages.https://www.afr.com/companies/financial-services/nab-fined-1….
Updated Oct 19, 2020 – 3.29pm,
National Australia Bank has been fined $15 million in the Federal Court and savaged by the judge for its program of allowing unlicensed and untrained third parties to earn payments for spruiking its home loans to borrowers.https://7news.com.au/business/commbank/more-than-750000-aust…
More than 750,000 Australians may be eligible to join a consumer credit class action against the Commonwealth Bank of Australia.
Law firm Slater and Gordon is representing “hundreds of thousands” of customers, on a no-win, no-fee basis, who were allegedly sold “junk” credit card and personal loan insurance that was of little or no value.
I have a good 15 plus bank accounts of varying amounts, easy to forget one here and there, just the short month got me. No way I’ll keep more than 50k in one with bail in laws.
How will you manage to increase your balance every month, pretty hard if you get an out of the blue expense.
Did you end up getting this to work?..
I just looked at my account today, (last day of the month) and same issue. Did 5*1c.. fingers crossed.
@IAMSILLY: I don't know if you got the answer or not but, you need to use your physical card by inserting it and selecting eftpos SAV which will root the transaction through the eftpos network.
You cannot use credit or contactless on the card those transactions go on pending and may not clear before the requirement as they use the Visa payment rails.
My brain hurts.