Sub category: Teens
10 August 2018

Kickstart your money journey the right way

Teens dream big when it comes to their money. In fact, almost half of the teens we asked in our ‘Teens Banking Survey’ (Galaxy Research, 6 April, 2018) are already saving for their long term future. That’s why we’ve decided to help them kick start their financial future by launching an account just for them.

Introducing our Orange Everyday Youth – a transactional account for teens aged between 15-17 years.  With no everyday fees, it’s a pretty awesome introduction into the world of financial independence.

Here’s why an Orange Everyday Youth account is a great choice for teenagers.

1. Get all the ING benefits condition free

With an Orange Everyday Youth account, teens who are aged 15 to 17 are able to access all of ING’s benefits without the need to meet the usual eligibility requirements (like depositing $1,000 each month and making five card purchases per month). They’ll be able to access those benefits simply by having an Orange Everyday Youth.

2. Lose unnecessary fees

With an Orange Everyday Youth account, teens can be confident they won’t have loads of everyday fees popping up. That’s because there’s no monthly account fees, and if they’re travelling the globe and need some cash on the fly, they can access any ATM around the world and any fees will be paid back to them (it can take up to 5 business days).

And it doesn’t stop there. With ING international transaction fees paid back within 5 business days, it means they can shop online without having to worry about a surprise fee popping up in their bank statement.

3. Pay as you go

We all know how busy teens can get, and with the Orange Everyday Youth they can pay for things quickly and easily with both Apple Pay and Google Pay functionality.

So it means they don’t need to worry about bringing cash or their card with them. All it takes is a quick tap with their phone at the counter and they’re done. Plus it’s a super cool way to pay.

4. Save as they snap

Our account lets teens connect their savings with tech and apps they already use through the IFTTT (If This, Then That) app, which triggers automatic savings once certain events happen, like reaching a certain amount of steps on their Fitbit or posting a insta-worthy picture on Instagram or Facebook. This makes savings a part of their day to day lives and something that they can become passionate about.

5. Reach their goals faster

Think of all the goals to aspire to when you’re a teenagerlike a car or the latest tech gadget. Whatever the goal, it always helps to save when you have the right tools.

There are heaps of features available with an Orange Everyday Youth account that can help teens manage their money and save for their goals. For example Everyday Round Up lets them round up their purchases to the nearest $5 or $1 amount, and transfer the difference from their Orange Everyday Youth straight to their Savings Maximiser.

They can also open a Savings Maximiser with their Orange Everyday Youth account and gain access to the higher savings rate.

So why is the Orange Everyday Youth great?
  • No monthly account fees
  • No global ATM fees or ING international transaction fees
  • Everyday Round Up for automatic saving
  • Mobile payments with Google and Apple Pay
  • Savings Maximiser connectivity for boosted savings.

The youth account that can take them anywhere.
Now that’s some Bright Orange Thinking.

Orange Everyday Youth is an account for individuals who are 15 to 17 years old. Joint accounts and overdrafts are not available for Orange Everyday Youth.

All Orange Everyday Youth accounts will receive the Global ATM Rebate Offer and the International Transaction Fee Rebate Offer. This means that:

for ATMs in Australia – any ATM fee charged by the ATM operator is paid back to you immediately following the transaction,

for ATMs outside Australia:

ING will pay back the International ATM withdrawal fee of $2.50 immediately after it is charged, and

ING will pay back any ATM fee charged by the ATM operator when your transaction is finalised (settled).

While a transaction is pending, the amount of ATM operator fee will be deducted from your available balance and will be paid back to you after the transaction is finalised (settled). ATM transactions made outside Australia can take up to 5 business days to finalise, so that means it can take up to 5 business days for us to pay back overseas ATM fees to you, and

for ING international transaction fees on card purchases – ING will pay back the International Transaction fee of 2.5% of the amount of the international transaction immediately after it is charged. The person you’re buying things from may charge you a separate fee for their services (which we will not pay back to you under this offer).

This offer may be changed or withdrawn at any time at ING’s sole discretion.

If you have a complaint, please call us on 133 464 at any time as we have procedures in place to help resolve any issues you may have.

The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.

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