ING to Launch New Account Models and Credit Cards in Germany
ING is introducing new account models and a credit card in Germany. The bank plans to replace its current system with four distinct account tiers, with a rollout expected by mid-2027. A new credit card is anticipated before the end of 2026.
Key takeaways
- ING is introducing four new account models in Germany, expected by mid-2027.
- A new credit card is planned for release in Germany before the end of 2026.
- These changes aim to offer more bundled services and address current product gaps.
- The new account structures have already been launched in several other European countries.
What Happened
ING is preparing to significantly alter its retail banking services in Germany by introducing four new account models: ING Go, ING More, ING Extra, and ING Max. These tiered offerings will replace the current system and are designed to bundle various services beyond basic payment transactions, such as insurance, discounts, and digital benefits.
The bank also plans to launch a credit card in Germany. ING-Deutschland-Chef Lars Stoy indicated that the goal is to have the credit card available for customers to use for holiday shopping by the end of 2026. This initiative aims to address a gap in ING's current product offerings, as customers have previously had to rely on third-party providers for services like rental car deposits or hotel holds that require a credit card with a credit line.
Background
The new account models have already been introduced in the Netherlands, Belgium, Poland, and Romania, with plans for a broader European rollout. In Germany, the introduction is targeted for mid-2027, with the bank currently finalizing the design of these future account structures. This move aligns with a broader industry trend of banks offering more comprehensive package deals.
Currently, ING customers in Germany can use a free Visa Debit card linked directly to their account or opt for a Girocard for a monthly fee of 1.49 Euros. While these cards support contactless payments via mobile devices, the absence of a traditional credit card has posed challenges for certain transactions, particularly abroad.
Key Facts
- ING is set to introduce four new account models: ING Go, ING More, ING Extra, and ING Max.
- These new models are expected to replace the existing account system in Germany.
- ING aims to launch a credit card in Germany by the end of 2026.
- The new account models are planned for introduction in Germany by mid-2027.
- The new account models have already been rolled out in the Netherlands, Belgium, Poland, and Romania.
- ING-Deutschland-Chef Lars Stoy confirmed the plans for the credit card and new account models.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
