Digital bank offers fee rebate for electronic fund transfers

ING Bank

Posted at Dec 06 2019 04:17 PM

Digital bank offers fee rebate for electronic fund transfers 1

The digital era has consistently updated bank services and transactions to become more client-focused and user-friendly. Among them stands ING Bank, a digital bank that offers no minimum balance, lock-in period, or charges.

One of the most popular ways to deposit online is through interbank fund transfers. In the Philippines, electronic fund transfer platforms PESONet and InstaPay are more commonly used.

ING Bank aligns its service with the principle to provide customers the freedom to control their money—as it offers rebate promos when you use PESONet and InstaPay for online bank transfers to respective ING savings accounts.

From November 19, 2019 to January 31, 2020, new and existing clients using the ING Bank mobile app will receive a P100 rebate to compensate for transfer fees incurred by fund transfers from other banks. Up to two fund transfer transactions per month are eligible for the rebates, aligned with the twice-monthly salary pay outs for many working Filipinos.

Savings accounts with balances of up to P10 million get to reap the benefits of ING Bank's 4% interest rate per annum (p.a.) offer. This is an increase from its previous 2.5% rate p.a., and is over 10 times higher than rates currently offered by other savings products in banks.

Download ING Philippines - Digital Bank app on iOS or Android.

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