A lot of credit cards and debit cards charge international transaction fees when you use them overseas – including when you shop online with international businesses. This typically costs you 2% to 3% on top of what you've spent.
ING gives you a way to save on this cost, with 0% foreign transaction fees if you meet the account requirements and have an Orange Everyday transaction account, Orange One Low Rate credit card or Orange One Rewards Platinum credit card.
How can I save with 0% foreign transaction fees?
ING usually charges a 3% international transaction fee and an overseas ATM withdrawal fee of $5.00. To save with 0% foreign transactions fees, you just need to deposit at least $1,000 from an external source (such as a salary) into your Orange Everyday account and make at least 5 eligible card purchases monthly to have the international transaction fee rebated.
Just remember that if you're using an ING credit card, the cash advance fee of 3% of transaction amount or $3 (whichever is greater) will still apply when you use your credit card to make overseas ATM withdrawals.
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Does ING offer a travel card?
No, ING does not have a dedicated travel money card. But you could use your ING debit card or credit card overseas instead, with worldwide acceptance through the Visa network.
If you qualify for the 0% international transaction fees on your ING card, it is similar to the features you'd get with a travel card anyway.
This feature was first launched by ING in November 2017 as a response customers' increased international spend. Within the 3 years before this feature was launched, ING customers were spending 17% more overseas.
ING Australia's then-head of retail banking, Melanie Evans, said at the time: "We introduced no domestic ATM fees for qualifying Orange Everyday account customers in 2009. Fast forward to 2017 and we're taking it a step further for our customers who are now spending more internationally."
Want to compare other financial products with no foreign transaction fees? Check out our comparisons of credit cards with no international transaction fees and debit cards with no foreign transaction costs to get started.
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ING Orange One Rewards Platinum
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ING Orange One Low Rate credit card
ING's Orange One Low Rate credit card offers low ongoing interest rates, foreign transaction fee rebates and instalment plans for $0 annual fee.
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