SMSF
Business Optimiser

Some of our accounts require a linked bank account in order to operate.

Linked bank accounts:

• must have an Australian BSB/account number
• must be in the same name as your ING account
• can be a joint account if you're one of the signatories on the joint account
• if your ING account is a joint account, the linked account must be in both names.

And depending on how you bank with us, the following applies too:

Savings Booster

• To have a Savings Booster, you need to also have an active and unrestricted Orange Everyday account in the same name. For joint accounts, both the Savings Booster and Orange Everyday need to be in the same joint names.

Savings Maximiser

• The linked account can be an ING Orange Everyday account in the same names or a personal transaction account with another institution
• We can't accept credit cards

Savings Accelerator

• The linked account can be an ING Savings Maximiser or an Orange Everyday account in the same names. You can also link to a personal transaction account with another institution.
• We can't accept credit cards or passbooks

Business Optimiser

• The linked account must be a business account with another institution
• We can't accept credit cards or passbooks

Personal Term Deposit

• The linked account can be a personal account with another institution or an existing ING account - Savings Maximiser, Savings Accelerator or Orange Everyday.

Business Term Deposit

• The linked account can be an external business account or an ING Business Optimiser account in the same name
• We can't accept credit cards or passbooks

Home loans

• You can have up to four internal/external accounts linked to your home loan. Each must be in the name of at least one home loan account holder.
• For information about offset linkage, refer to What is an offset Account

Everyday Accounts (Orange Everyday)

• Because it's an account specifically designed for transactions between you and third parties, you don't need to set up a linked account for Orange Everyday. You can Pay Anyone from your Everyday account to any valid account.

Find out more

Guide to linking accounts.

You can make payments into your Business Optimiser at any time via:

• Your linked bank account using an interactive service or by setting up a recurring scheduled payment
• Electronic funds transfer from another financial instruction using your Business Optimiser BSB and Account Number
• PayID (if you’ve set this up)
• Cheque.

Payments from a Business Optimiser to an external institution can only be made by first transferring funds to the nominated linked bank account held with another Australian financial institution.

Your nominated bank account must:

• Be in the same name as your business optimiser
• Accept direct debits and credits
• Not be an ING account

A Business Optimiser can be used as the nominated linked bank account of an ING Business Term Deposit. The term deposit will be funded via a direct debit arrangement.