Consumer Finance Awards 2025: Bank of the Year - Young People
ING has been named Money's Bank of the Year - Young People as part of the 2025 Consumer Finance Awards.
- Find out how we chose the winners
- Order your copy of the July awards issue
- Check out more from the 2025 Consumer Finance Awards
Ask any 18- to 24-year-old about their key life goals and plenty will say travel. In fact, Nielsen data reveals almost three in five (58%) young Aussies are planning to travel abroad. That being the case, it's no surprise that ING tops the leaderboard as the preferred bank for young people for the third consecutive year.
One of the key drawcards of ING's Orange Everyday Account is the rebate on international transaction fees. That said, conditions apply to land this saving.
As a guide, every month you deposit $1000 or more to any personal ING account in your name (excluding Living Super and Orange One) and make at least five eligible ING card purchases, ING will rebate the international transaction fees when you pay with Orange Everyday.
It's not a bad deal and ING is going a step further, helping young Aussies stretch their money with a 1% cashback on utility bills. Eligible gas, electricity and water bill payments made from an Orange Everyday account using BPAY, direct debit or PayTo attract the cashback saving of up to $100 annually.
Dina Kotsopoulos, head of daily banking at ING, says these benefits are "striking a chord" with younger Australians.
She adds that additional features like no monthly fees, Everyday Round Up and an easy-to-use mobile app are just some of the ways ING tries to help young people stay a step ahead in life.
"We understand that the cost of living remains a major challenge, so we're focused on offering tools, support and competitive rates intended to help younger customers manage their finances more confidently," says Kotsopoulos. "In 2024, we helped alleviate the burden of utility bills by giving back $7.8 million to eligible customers through our 1% cashback offer.
For further cost-of-living support, customers who bundle their ING Orange Everyday account with an ING Savings Maximiser account can score a high ongoing bonus rate on their spare cash. At the time of writing, the bonus rate was a solid 5.35%, bringing total possible interest to a compelling 5.40%.
Of course, these financial perks are not limited to young people. We could all benefit from saving on international fees and utility bills or pocketing a healthy return on our savings. And ING doesn't discriminate based on the age of its customers.
Even so, if you're just starting out on life's financial journey, ING offers additional support including a free first-home buyer guide that can be downloaded from the bank's website (knowledge is power, right?). The bank also provides home loan pre-approval so you can bid at auction or make a confident offer on a dream home.
Why they won
Accounts that help young Aussies get more for their money through savings on key costs including international transaction fees.
Top product
Orange Everyday - what's not to love about an account that offers a $100 annual saving on utility bills?
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