What is a debit card and how does it work?

Everyday Banking

Published Mon 08 Jul 2024 • 2 min read

Unlock the benefits and functionality of the ING debit card

Access and use your money wherever you are worldwide thanks to your ING debit card.

What is a debit card?

Debit cards utilise the funds available in your transaction account, meaning when you use your debit card to pay for something, you're doing so with your own money. Using your ING debit card can remove the need to carry cash on you and could help you think twice about splashing on impulse buys, since the money comes straight out of your own money.

What is the difference between debit and credit cards?

While debit and credit cards may look alike, there is a big difference in how they work. Debit cards use money in your account, so when you buy your morning coffee with it, you're doing so with your own hard-earned coin.

Credit cards, meanwhile, work using an approved line of credit. This means when using your credit card to buy that morning cuppa, you're borrowing that amount from your line of credit and agreeing to pay the sum back, potentially with interest and fees added to it.

How does an ING debit card work?

Your ING debit card is linked to your Orange Everyday. You can use your card anywhere in the world Visa cards are accepted, including ATMs.

An ING debit card could be your ideal debit card for when you travel internationally, especially since meeting the monthly eligibility criteria gives you access to unlimited rebates on ING International Transaction Fees for eligible online and overseas purchases.

What is the Orange Everyday monthly eligibility criteria?

  1. 1. Deposit at least $1,000 from an external source to any personal ING account in their name (excluding Living Super and Orange One)
  2. 2. Make 5 or more settled (not pending) eligible ING card purchases

When the criteria is met in a calendar month, the benefits will apply in the next calendar month.

Where to apply for ING debit and credit cards

Here's where you can apply for ING debit and credit cards.

Open your Orange Everyday in minutes.