ING Checking

amberbamber · #1 (**permalink**) 02-20-2009, 04:37 PM

Currently we are with BOA for our checking accounts, we are able to mainly use the ATM for all transactions, and have direct deposit.

But I am curious about anyone using an ING checking account. Any problems? Any suggestions?

We would keep the BOA for the direct deposit and if we need any notary's or such. But would then mainly use the ING checking.

Thoughts?

FrugalTexan75 · #2 (**permalink**) 02-20-2009, 08:50 PM

I use ING Orange Checking. I think it is great! I've used for well over a year (can't remember for sure how long) and have had absolutely no problems. You don't get paper checks with it, but they do Electronic and paper checks for free.

poundwise · #3 (**permalink**) 02-21-2009, 07:28 AM

You may want to check out Salem Five Direct's eOne checking account. The APY is 2.00% (compared to ING's paltry 0.50%) and they provide for paper check use (first order of checks are free) as well as online bill pay and debit card access.

The account also features free use of any ATM, no monthly fee, no minimum balance, and they are currently offering a $25 bonus if you set up a direct deposit with the account.

amberbamber · #4 (**permalink**) 02-21-2009, 10:35 AM

Does anyone personally use this Salem Checking Account?

Goldy1 · #5 (**permalink**) 02-21-2009, 02:53 PM

WE pay many bills direct deposit from ING and it has been fine.

I like the ease of viewing the statements online.

I also just opened a roth ira with them and it is all on my acocunt page.

BTC · #6 (**permalink**) 02-25-2009, 11:46 AM

I have an ING Direct Electric Orange Checking account. I don't really use it for anything other than Direct Deposit, ATM withdrawals, and to pay a few bills via automated withdrawals initiated by the biller. One thing I didn't like, which prompted me to open a checking account with E*Trade, is that they immediately deduct from your account the amount of any check you issue via their website. They do not deduct the amount from your account when the check clears. Essentially, they're getting your money for free during the time of the float. That pissed me off. I haven't used that particular feature in a long time, so perhaps it has changed. My guess is that it has not changed.

FrugalTexan75 · #7 (**permalink**) 02-25-2009, 09:08 PM

Quote:

Originally Posted by BTC

I have an ING Direct Electric Orange Checking account. I don't really use it for anything other than Direct Deposit, ATM withdrawals, and to pay a few bills via automated withdrawals initiated by the biller. One thing I didn't like, which prompted me to open a checking account with E*Trade, is that they immediately deduct from your account the amount of any check you issue via their website. They do not deduct the amount from your account when the check clears. Essentially, they're getting your money for free during the time of the float. That pissed me off. I haven't used that particular feature in a long time, so perhaps it has changed. My guess is that it has not changed.

I think it's kind of funny that them deducting the amount right away makes you mad -- because that is something I really like.

Different strokes for different folks.

BTC · #8 (**permalink**) 02-26-2009, 02:06 PM

Quote:

Originally Posted by FrugalTexan75

I think it's kind of funny that them deducting the amount right away makes you mad -- because that is something I really like.

Different strokes for different folks.

The reason it pisses me off is because they're getting your money for free. Although it may not amount to much dollar wise, I disagree with the principle.

RedThunderBird · #9 (**permalink**) 06-07-2009, 07:53 PM

Quote:

Originally Posted by amberbamber

Does anyone personally use this Salem Checking Account?

I just wanted to wish you a happy birth day 6/7/9

and may GOD grant you many more

amberbamber · #10 (**permalink**) 06-07-2009, 07:56 PM

Awwww, thank YOU!

RedThunderBird · #11 (**permalink**) 06-09-2009, 12:41 AM

you are quite welcome

tmvijai · #12 (**permalink**) 06-16-2009, 08:37 AM

I use ING direct a lot. I have orange checking account as well few saving accounts. Their ATM is thru Allpoints network which is everywhere that real time saver. Their interest is not it used to be but some what competitive compared to other banks and credit unions.

I also have my business savings account with them as well. I recently opened sharebuilder account since ING took over and it helps a lot to transfer money easily from checking account to share builder account to buy monthly stocks.

It is like a one stop shop but I still have my credit union account which is the link to ING direct for any check deposits. I use their bill pay but they don't deduct until the pay date arrives to issue check. THeir electronic bill pay or check payment system is fast and easy as well. You don't need check book to pay your friends and it can be picked up anybody from any bank account.

Overall, I am happy with ING.

RedThunderBird · #13 (**permalink**) 06-17-2009, 02:38 AM

I also like I.N.G , I just wish we could go back at better returns

neguy11 · #14 (**permalink**) 06-17-2009, 07:15 AM

I love ING checking because they don't charge overdraft fees. I have all of my automatic bill payments come from there. Just in case something happens, the overdraft credit kicks in and the interest is very reasonable. Much better than paying a $30+ fee!

BTC · #15 (**permalink**) 06-17-2009, 09:35 AM

Unless something has changed with regards to ING's checking account, they deduct the amount of the check from your account as soon as you write it, and not when it clears. That's the only thing I didn't like, and I subsequently opened an account with another institution as a result. I still have my ING accounts, and get a direct deposit into my Electric Orange account. The overdraft protection is a nice, affordable feature, but I pay as many of my bills as possible with a rewards credit card.

Their savings account yield is actually somewhat competitive at the moment.

SavinGnosis · #16 (**permalink**) 06-17-2009, 11:04 PM

I use ING checking. I don't know what else to say except that I have no complaints!

conancare · #17 (**permalink**) 06-18-2009, 06:03 AM

Had any of you used ING Direct ? It has a free online checking account. Your money earns interest while it's in account, and you can use it anytime effortlessly. This account is best for online bill pay but it's interest rate is a fluctuating one sometime low and sometime high.

Regards
Conan
kotaksecurities

poundwise · #18 (**permalink**) 06-18-2009, 07:17 AM

Quote:

Originally Posted by conancare

...sometime low and sometime high.

When was it high? At it stands today, ING Checking yields an anemic 0.25%. Of course, rates are down, in general, however, in contrast, SalemFive still has a yield of 1.40% and Everbank currently offers 1.52% on their checking.

ING Direct has a large customer base, most of whom are reluctant to recognize that, while ING was once a leader in online savings, they no longer offer a top-tier rate on savings or checking accounts.

poundwise · #19 (**permalink**) 06-18-2009, 07:18 AM

As an aside: Many people are utilizing checking accounts offered by local banks and credit unions that are presently yielding 3.00% to 4.00%+. Though these accounts have certain stipulations, such as using a debit card a certain number of times per cycle, etc., these account rates are substantially better than even the top online-only bank checking accounts today. You can use CheckingFinder to locate these offers.

RedThunderBird · #20 (**permalink**) 06-18-2009, 11:56 PM

thank you for the info