Xinja vs ING
Find out which account offers the features you need.
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Banks are increasingly offering innovative features with their accounts and apps. These include spending analyses and insights, bill splitting, travel benefits and payment options. There are a number of new banks, such as Xinja, entering the market with whole new products for you to consider, as well as banks, such as ING, that have been redesigning the concept of banking for a number of years.
To help you find the right bank account for you, we've done a side-by-side comparison of two innovative accounts from Xinja and ING so that you can see which might work better for you.
Xinja vs ING
When compared side by side, here is how the two accounts fared:
- Best for use as a transaction account: ING
- Best for understanding your spending: Xinja
- Best for payment options: Tie
- Best for bill splitting: Xinja
- Best for use as a joint account: ING
- Best for saving: ING
- Best for travel: Xinja
- Best for security and support: Tie
|Account type||Transaction account (there's also a savings account, but it's currently closed to new customers)||Transaction account and optional linked savings account|
|Spending analysis and insights|
Your transactions will be automatically categorised, you'll receive insights into your spending and you'll get a daily spend figure to keep your budget on track.
|Search your transactions from the last three years by keyword and customise the account balances you see in your app.|
You can use Apple Pay, Google Pay and Samsung Pay.
|You can use Apple Pay and Google Pay with ING. It doesn't support Samsung Pay, but Samsung users can use Google Pay.|
Xinja lets you split payments and request funds.
|You're able to make payments using the app and send an SMS or email to the recipient once you've paid.|
|Joint account||You cannot use Xinja as a joint account.|
ING's Orange Everyday account can be used as a joint account.
|Savings account||Xinja does offer a savings account (Xinja Stash), but it's not available to new customers.|
You can link the ING Savings Maximiser to your ING Orange Everday to earn 1.5% interest on your savings. You just need to deposit $1,000 each month and make at least 5 settled purchases on your card each month. ING also lets you set up regular round-ups from your transaction account into your savings account.
There are no international ATM fees and you will be refunded the foreign currency conversion fee with no conditions to meet.
|An international transaction fee of $2.50 and an international ATM fee of $2.50 apply. However, these can be avoided if you deposit $1,000 each month and make at least 5 settled card purchases each month.|
|Security and support|
You can lock and unlock your card instantly and access a 24/7 live chat in the Xinja app.
ING lets you lock and unlock your card instantly using the app. You can also use the app to contact ING at any time.
|Fees and rates to consider|
|More||Xinja full review||ING full review|
Both Xinja and ING offer accounts that are worth considering, but each account offers distinctive features that may better suit you depending on how you like to manage your money. Xinja comes out on top for giving you insights into your spending, with automatic spend categorisation and a daily spend figure to assist with your budgeting. It also offers an innovative payment splitting feature to help you easily pay friends.
If you're planning on using the card for travel, Xinja also comes out on top. You won't be charged any international transaction fees and any foreign currency conversion fees you are charged will be completely refunded. ING has foreign currency conversion fees and international ATM fees but these are waived if you make regular card purchases and deposit sufficient funds into your account.
ING's account can be used as a joint account, making it better for people who are looking for this feature. ING also offers better ways to help you save, with the option to link a savings account and earn bonus interest (Xinja's savings account isn't available to customers at the moment).
Both ING and Xinja let you lock and block your card via their respective apps and you can contact the banks at any time.
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