Best Online Bank for Easy Bank Account Switching
✔️ Excellent Cashback programs
✔️ Great customer service
✔️ Super simple switching service
✔️ Great mobile app
✔️ Easy and convenient overdraft ability
ING Austria Review
ING Direct is a famous Dutch online bank with an excellent reputation and is a good contender for being your online bank in Austria if you are a resident.
An ING bank account gives you a free maestro debit card, granting you an excellent ability to pay across Austria as well as free ATM withdrawals inside and outside of Austria as long as you are in the Eurozone.
What makes ING interesting is that its account can be totally free if you ensure that your monthly income into the account is above €300. If it is below that amount you get charged the normal monthly fee of €5.
Alternatively, if you are under the age of 28, the monthly fee of €4.28 is automatically waived.
ING also has an interesting “UPS!” overdraft feature which lets you overdraft your account to up to 250 euros for free. Which is really convenient if you encounter short-term problems with money coming in and you suddenly have expenses you need to pay off.
But do make sure you pay them off as soon as you can to avoid later fees.
ING’s mobile app interface is also very well-designed allowing you to access your banking easily via your phone with some nice features to help you manage your money and save via budgeting.
The bank also prides itself on its “Kontowechsel” service which allows you to switch bank accounts from your old bank account to your new ING bank accounts super easily without having to deal with any bureaucratic paperwork and letters.
Also, ING has an excellent array of cashback programs so if you make purchases with any of their partners, so you’ll definitely be saving quite a lot of money.
ING Bottom Line:
Overall ING is another excellent option as an online bank choice, however it is usually only available to Austrian residents. It has a good combo of rates and services at a very low cost (if any), but make sure to read and meet their requirements.
The only possible downside could be that since it is a purely online bank, you won’t find physical branches in order to get help in person and everything has to be done online or over a call.