Virtual banking, the big advantage?
I'm afriad this post in an earlier thread may go unnoticed, so am posting it here....
Virtual banking is a new concept for me. I've been to both the Virtual Banka nd ING sites, and i think i understand basically how it works, but in practice, how do people here use the account?
Since after the 30 day initial period it still takes up to 3 business days for a transfer to clear, how do you typically use the account? Do you just transfer the bulk of your checking account money there, then do, say, monthly transfers about a week before it's time to pay the mortgage or another big bill?
The 3+% is good, but i don't imagine it would make a big difference unelss you had a lot of money there. Granted, my current checking account pays no interest.
Just trying to learn how people typically use the account, how often they may do transfers back and forth and for what purposes.
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