Although, I have made 5+ settlements like passed 10 days and all passed pending but ING only counted it for 3 of 5 settlements.
They've already applied 0.55% interest for me last month. Does anyone have the same situation?
ING Not Confirmed 5+ Settlement
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sadness only, but in interest eligibility section they displayed as still updating on potential highest interest. Hopefully they will count it as 5 settlements.
I always insert the card and choose savings because it processes much faster.
Damn better to do 10 purchases in case one fails
It's hard for me to imagine not getting to 5. Do you do most payments with something else?
i literally just used ING most of the time in last 10 days tho. Including Coles, Kmart, Coffee shop, bla bla, I should start make 5 settlements earlier this month, as i though 10 days are enough to count but turn out its not.
Are they all eftos transactions? if you swipe your visa debit card at the checkout it is not counted as eftos. You need to insert the card choose 2 & enter you pin. Check your ING transactions online they should show as EFTPOS Purchase.
I do taps on coles, always good
Split payment 1,2,3,4,5 cents
They've already applied 0.55% interest for me last month
If you only got 0.55% last month (June), then you did not meet all of the requirements for bonus interest in MAY.
^ This. If you didn't meet the criteria in June, then it will affect your July's interest. If you didn't get the bonus interest in June, then it means you didn't meet the criteria in May.
Moved to ING on May so yes I didn't meet the criteria but the June I also didn't meet just bc they didn't count for me :(
That's weird, I joined in the middle of a month and they gave me the rest of that and the following month automatically cleared as a 'freebie' =(
Happened to a relative of mine who then missed out on a few hundred of bonus interest. Ended up arguing with ING on the phone for many hours until they finally gave in with a $250 'goodwill credit' 😆
More reason to go to Ubank and just deposit 200 per month
I just noticed, I'm 3 of 5 and it's only the 4th of the month - woo-hoo.
This works for ING/BQL/MEB/GSB card conditions (I do it all at once on the 1st of each Month)
If you have an Amazon account (most of us do nowadays - especially after the COVID experience), buy as many $1 Amazon Gift cards, one at a time as necessary, received via email & credit applied to Amazon at the click of a button. Easiest way of meeting all these card conditions, especialy if you have your savings spread accross the MEB @5.64%, ING @5.5%, GSB @5.25% and BOQ @5.1% all requiring the card transactions. You do not have to do them all same day if too streneous to do so.
Less than $20 of Gift Cards that will be used on the next Amazon purchase in no time.
What is the benefit of spreading your savings and transactions across all of these accounts rather than consolidating with the highest interest/lowest fee account?
The same benefit as not putting all your eggs in the same basket, and having to worry if someone will crash it.
(a) You keep no more than $250K in each ADI - therefore your savings are safe if any utilised ADI goes under
(b) Most highest interest rate savings accounts come with limit, usualy $100K or $250K, so you can't really keep all your savings at the highest paying rate.
(c) Puttting a $100K each in ING/MEB/GSB lands you an extra $650+$550+$250 = $1,450 a year more than if left in the no limits 5% St George accountBut if can't be bothered to shop around, then don't do it. If you also do not have more than $100K or $250K in savings you then don't need to do that either.
Call it a "Dutch" Auction!
wow thats scary but it could be the merchant that didnt validate their transactions so not bank fault.
i set reminder to use ing 5x in the beginning of each month.
by the way, regarding the grow balance requirement, anyone here using 2 saving max accounts and transfer one to another on last day of the month (leaving it grow by $1), then transfer back the following day ? or transfer to other external bank for example macquarie?