ING exchange rates

While you won't be able to send money overseas with ING anymore, check out what exchange rate you'll get on card purchases.

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From July 2019, ING no longer offers international money transfers to its customers in Australia. If you want to send money overseas, you'll need to use a third-party transfer service instead.

But if you're planning on using your ING debit card overseas, you'll still be able to. Read on to find out what exchange rate you'll get.

ING's exchange rate on international transactions

If you're using your ING card overseas, you'll be getting the Visa exchange rate. You can see what today's rate is on Visa's site, but keep in mind that ING adds 2.5% on top of this for all international transactions.

You can avoid this, however, by meeting the account's conditions. These include depositing at least $1,000 and making five card purchases each month. As part of this, you'll also get back any ATM fees, both within and outside of Australia. This means that you'll still be charged the ATM fee when you're overseas, but ING will rebate the money within five business days.

Find out more in our review of the ING Everyday Account.

Sending money overseas

Previously, you could send money overseas with ING via its partnership with OFX. This meant you'd be getting the exchange rate OFX offers, which you can read more about in our review of OFX.

However, since July 2019, this service has been discontinued. While you won't be able to send money overseas through ING anymore, there are still plenty of other options. You can check them out below and compare each of them on the amount your receiver will get at the end, as well as transfer speed and exchange rate.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.676 USD
6,759
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.676 USD
6,750
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.676 USD
6,759
Sign up for a new account and receive a $50 Myer gift card when you transfer $10,000 or more.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.676 USD
6,759
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.676 USD
6,759
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.676 USD
6,759
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.672 USD
6,717
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.671 USD
6,702
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.679 USD
6,756
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 200 1 day AUD 0.00 0.673 USD
6,732
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Sign up for a new account and receive a $50 Myer gift card when you transfer $10,000 or more.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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