ING bank in Australia has introduced a new service which enables customers to set automatic savings triggers and link them with the regular activities.
The new set-and-forget savings feature will allow the customers to set definite practices to save where the funds will be transferred from the customer’s Orange Everyday into their Savings Maximiser every time after completing a particular activity.
The activities can include daily chores, tropical holiday and even exercises.
This new feature has been introduced in collaboration with a technology company IFTTT, which works on different apps and devices to work together.
ING head of digital and innovation Chris Barwick said: “This collaboration with IFTTT is designed to make saving fun and help our customers get ahead with ease.
“We know from the launch of our Everyday Round Up feature that incidental savings can really add up.
“Everyday Round Up enables ING customers to round up their loose change, from card purchases, into a savings account.”
The service required the bank to open its APIs to a third party, where ING, with the permission of its customers, provided IFTTT limited access to some of ING’s technology to create the experiences.
FTTT CEO Linden Tibbets said: “We’re on a mission to build a more compatible world for everyone, and we’re thrilled to welcome ING to the IFTTT platform.
“ING’s customers now have the ability to connect their everyday banking to 600 apps and devices in ways that matter most to them. Saving money couldn’t be more fun or easy!”