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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.

Updated

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 0.692 USD
6,918
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 2,000 1 day AUD 0.00 0.692 USD
6,918
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 0.692 USD
6,918
$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 0.692 USD
6,918
Better exchange rates for Finder customers.
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
GBP 3,000 1 day AUD 0.00 0.692 USD
6,918
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.695 USD
6,909
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.687 USD
6,867
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.691 USD
6,911
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.688 USD
6,874
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.686 USD
6,859
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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.

Related Posts

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 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.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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