Re: ING Direct vs Emigrant Direct Bank
FYI, do you know that with ING Direct you lose 1 to 2 day of interest everytime you move money whether in or out. I figure that's 10 cents for every $1000 you move. So if you move funds in and out frequently the 10 cents begin to add up real fast. ING Direct claims that's they way their ACH works. But that's not the case with Capital One and Emigrant Direct so far, your debit and credit transactions all take place the same day.
But I haven't seen many complaints and I wonder if most folks aren't even aware of it or they don't care losing 1 to 2 days of interest everytime they transfer funds.
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