Back in the day before kids and Big Yin and no mortgage it was a regular thing for me to be waiting on Pay day with not one cracker to my name. I loved when I moved to Melbourne and they got those fang dangled petrol bowsers where you could swipe your card at the bowser and if the funds ran out the petrol would stop. So if you had $5.80 left in your account that's how much petrol you got!
Boy, did that save me a few times.
Obviously this was back in the day when Eftpos was not the main thing and not everybody had it and as I recall there was normally a minimum amount you had to spend. The other thing that really drove me nuts in my carefree pay check to pay check approach was when I accidentally overdrew because of a direct debit or something unexpected or forgotten about and the banks would sting me with a massive fee pushing me back financially even further. I hated the banks back then. It felt like they just took and took and held all the power.
Fast forward a few years and I had started paying more attention to my bank account. I was shopping around checking out rates and fees ex cetera. As it turned out $5 per month was not a bad offer at the time, although it still pissed me off no end that I was paying them to access my own money. It felt like a scam, we had all been tricked with. Grooming and leading us to use cards instead of cash and now they had us all doing it they were going to charge us for the privilege.
Shit heads... Am I right?
Anyway I went searching for better rates starting with the big 4 banks.
Low and behold $5 per account per month was one of the lowest but I still felt quite strongly that they could go stick that bargain rip off right up their very own...err shall we say vault.
Middle aged rebel/tight arse that I am I thought to myself.
No, not cool, no.
I said pet, I said love, I said fuck you and your $5 monthly fee there has to be another way.
So i thought I would do some digging on those internets and see what I could find.
This was all several years ago and what I found in all seriousness was Ing Direct.
They have no fees, EVER. None.
In fact they reimburse you any fees applied by other banks....WHAT THE. Yes if I go to say NAB ATM and get out my last $10 and NAB charges me $3, ING reimburses me said $3. If I accidentally misjudge and get overdrawn there is no fee. I get a little message saying hey sort your shit out and we are friends again. They even PAY me a rebate for using my card in stores with the tap and go thingy. I am now making up for my terrible, loose start with money and I have it budgeted down to the last brass razoo and I am kind of anal about my bank accounts. The only maybe downside is that they do not have branches, its all done over the phone, internet or post. But depending on where you live or how you old you are, that's how we roll anyway.
To be fair when I first joined with them I could only have a savings account but the interest rate was the best by far and then as they gradually expanded their services I tried them out for different things. I now have all my bank accounts, mortgage and super with ING. Some argue thats dangerous in case they ever go tits up but thats for another episode. The long and the short is I love ING, I am by no means an accountant or financial advisor but I understand fees or lack there of (did anyone else hear Forest Gump then...I am not a smart man but I understand love Jen-ay)
So if your sick of your current bank and want to give ING a crack click on the link and register your details. I suggest start with one account and see if they are a good fit for you.
Even better if you do it before 31st May 2016 both you and I get $75 cash back! Can you believe that?
IMPORTANT NOTE THOUGH: Be sure and quote my unique friend code BXG375 or neither of us gets the bonus.