Guest Post by Tim Robinson

I love a bargain. Who doesn’t?

What could be better than a bargain? Free Money!

Right now, I’m collecting free money almost every day. It’s not a lot, but it does add up. And I’m getting it just by buying my groceries, fuel, beer and other everyday necessities that comprise a decent proportion of my monthly expenses.

Until the 30th of June 2013, ING Direct is giving me back 5% of every dollar by using my Orange Everyday Visa Debit card at any Paywave payment facility, on transaction under $100. So far I’ve accumulated over $50 in incremental rebates, and by June 30 I expect the total to have crept up to about $200.

That may not sound like a lot of money, but I’ll definite take it with a smile.

The Paywave merchant facilities that are needed to collect this rebate and becoming increasingly available. I’ve seen these at most target=”_blank”>Coles, Woolworths, Kmart, 7-11, Shell Coles Express and Caltex Woolworths service stations.

Let’s do some maths. This means you can save 5% on your groceries at Coles or Woolies, get a fuel discount docket, fill up on fuel at the appropriate servo, save your 4c a litre and then save another 5% off your fuel on top of that. Even if you don’t have a 4c/L off coupon, the 5% rebate alone equates to more than 6c a litre discount (assuming fuel cost is at least $1.20/L).

I’ve had the account for a while and some other benefits I’ve found include:
1) No monthly account keeping fees.
2) No currency conversion fees for foreign currency purchases.
3) Free access to every ATM in Australia if you withdraw $200 or more (ING will reimburse the ATM owners fee). If you have a home loan with them, they’ll cover the fees regardless of the amount withdrawn.

By the way, I don’t work for ING Direct and I’m not receiving any additional inducements or benefits for writing this post, I’m simply a satisfied customer who thinks you’d be crazy to not get on board this dead simple, effortless, free money train.

Tim

Want to know how much you could get free in the next 6 months, sign up to Pocketbook and let our auto-categorisation help you figure it out.

Tim Robinson is a Learning & Development executive at an Australian logistics company. He is a great friend of the Pocketbook team. He previously ran his own small business and knows what it’s like to work in a budget conscious environment. He is also extremely passionate about all things money management and is always on the lookout for a bargain.