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Hi FC.

The only time I made out a payment to ING was for the opening balance for which they didn't specify a minimum amount. I nominated $100. The authorization form for this was seperate from the other one authorizing direct debits from your main bank account.

Since then I have always deposited to my CBA trading account and then transfered to ING. This incurrs some transaction fees but for reasonable amounts of cash the higher interest rate makes up for it.

This is especially true in my case because my CBA CDIA trading account does not pay any interest if your balance is under $5000. The good news is CBA is now offering 15 free electronic withdrawals per month, with no monthly fee, so this setup should become essentially free.

Furthermore, the ING Savings account seems to be a 'regular' bank account complete with a BSB and account number which other entities can elctronically pay into. I think they get around the identification problem by linking only to an existing Australian bank account, and not allowing you to withdraw to anywhere else.
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