Not a bad account even without the free $250 Iconic Gift Card, there's free ATM use, no bank fees and you can get 2% cash back on purchases up to $100:

ING DIRECT Australia

We want to help get your wallet and wardrobe sorted before the holiday season rolls in. And because it's the season of giving, we've teamed up with THE ICONIC to bring you this $250 Gift Card offer when you open a new Orange Everyday account and make your first deposit of $1,000 or more. That means presents for you, or someone you love.
How do I get the Gift Card?
All you need to do to get your $250 Gift Card for THE ICONIC is complete these three simple steps:
You must be a new Orange Everyday customer and register your details at ingdirect.com.au/theiconic;
Open an Orange Everyday bank account using the same details you used to register; and
Make your first monthly deposit of at least $1,000 (like your salary) from an external account by 14 February 2015
That's it! But hurry - Gift Cards are limited to the first 6,000 applicants who meet the above criteria.
Happy shopping - we will be emailing your Gift Card to you in the month following your first $1,000 deposit.
But that's not all! At ING DIRECT we feel you should get rewarded all year round, which is why when you continue to deposit $1,000 or more each month, you'll also get:
Every ATM in Australia for free
2% cash back on Visa payWave purchases under $100 in Australia
Plus,
No monthly fees or minimum balance


THE ICONIC Gift Card Offer
The $250 THE ICONIC Gift Card ("Gift Card") offer is available to the addressee of this email only and is limited to the first 6000 applicants. To be eligible for the Gift Card you must be a new ING DIRECT Orange Everyday customer, register your details, open an Orange Everyday and and make your deposit of at least $1,000 within a calendar month from an external account into any personal ING DIRECT account in your name (excluding Living Super) ("The Criteria"). The Criteria must be satisfied by 14 February 2015. There will be a maximum of one (1) Gift Card awarded per Orange Everyday account (including joint accounts). If you currently hold or have previously held an Orange Everyday between 12 November 2013 and 11 November 2014 then you are ineligible for this offer. This offer is available for a limited time and is not applicable or valid in conjunction with any other promotional offer. ING DIRECT reserves the right to withdraw this offer at any time at its sole discretion. If withdrawn, ING DIRECT will honour all registrations entered before the offer is withdrawn, provided that applicants make their deposit of at least $1,000 or more by 14 February 2015.
THE ICONIC Gift Card Terms
The $250 THE ICONIC Gift Card is issued by Internet Services Australia 1 Pty Limited, ABN 50 152 631 082, Level 2, 84-86 Mary Street, Surry Hills NSW 2010, Australia, trading as Clothes Online | Shoes Online | THE ICONIC ("THE ICONIC"). The Gift Card is valid for use at Clothes Online | Shoes Online | THE ICONIC (the "Website") for a limited time only and expires 11:59pm on 30 June 2015 (AEST). This Gift Card is not transferable or valid with any other offer and applies to merchandise purchased through the Website only. You will be dealing with THE ICONIC directly and subject to their terms and conditions (available at Terms Terms and Conditions). ING DIRECT makes no warranties or representations regarding the quality, accuracy, merchantability or fitness for purpose of any of the merchandise offered through THE ICONIC. ING DIRECT has no control over and disclaims liability for any inaccuracies or errors in regard to the Website.
ATM Rebate Offer for Orange Everyday customers
The ATM Rebate offer will apply for the next calendar month when a deposit of at least $1,000 from an external bank account is made to any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month. The ATM fee charged by the ATM operator is rebated immediately following the transaction. The ATM Rebate offer may be changed or withdrawn at any time at ING DIRECT's sole discretion.
2% Cash Back Offer for Orange Everyday Customers
The 2% Cash Back offer is available for Orange Everyday customers (including joint account holders) and may be changed or withdrawn at any time at ING DIRECT's sole discretion. The cash back offer only applies on contactless Visa payWave purchases under $100 that are made in Australia. The cash back offer will apply for the next calendar month when a deposit of at least $1,000 from an external bank account is made to any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month. The cash back amount received will be based on the cash back percentage of 2% and will be made into the relevant Orange Everyday account immediately after settlement of the transaction. Should you use this offer in a manner that is not satisfactory or in line with the intent of the offer, we may place a stop or freeze on your account, refuse to apply the rebate to any or all purchases, or reverse the amount of the cash backs. ING DIRECT cannot guarantee that payWave facilities will be available for use for your chosen purchase
Any advice in this email does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to an Orange Everyday, you should read the Terms and Conditions booklet and Fees and Limits Schedule, available at our website or by calling 133 464. If you have a complaint, please call us at any time as we have procedures in place to help resolve any issues you may have. Orange Everyday is issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL 229823. App Store, iPhone and Apple are trademarks of Apple Inc., registered in the U.S. and other countries. Google play is a trademark of Google Inc. Windows Phone is a trademark of Microsoft Inc., registered in the U.S. and other countries.