ING Direct vs Emigrant Direct Bank

[34saving]

Re: ING Direct vs Emigrant Direct Bank

No. ED doesn't do any type of sign-up bonus. So, even if you transfer your money to ED you're still ahead because you initially signed up with ING. I think many of us have accounts with both.

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

For those people w/ both banks: Is there a difference in withdrawal time from one to the other? When you initiate a withdrawal, do you get your money faster with ED or ING? ING seems to be pretty slow these days.

[34saving]

Re: ING Direct vs Emigrant Direct Bank

ED is faster. ING doesn't even try until the next business day.

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

Now you've really got me defecting 34!

[terry1156]

Re: ING Direct vs Emigrant Direct Bank

Has the ING site been down for other people today, or is it just my computer?

[CRFSaver]

Re: ING Direct vs Emigrant Direct Bank

I have discovered trying to log in from work i have a lot of problems with ING's website but never from home.

[CJsoccerchic]

Re: ING Direct vs Emigrant Direct Bank

Hmm... seems like I too am having trouble...

[CJsoccerchic]

Re: ING Direct vs Emigrant Direct Bank

OH - does anyone know if you can get a "bank card" of some sort from ING? and I just found out that I can make 10 from referring other people to ING. I think thatmakes ING better then ED

[CRFSaver]

Re: ING Direct vs Emigrant Direct Bank

There is no bank or debit card. That is how ING is able to offer better rates. They have a very low cost structure. They dont have to hold cash, they dont have to build ATM's, they only have to do remittance processing on checks that get sent in.

[CJsoccerchic]

Re: ING Direct vs Emigrant Direct Bank

So this is a strictly "saving" saving's account?! Wow, that kinda sucks that you can't easily access your funds....

[jeffrey]

Re: ING Direct vs Emigrant Direct Bank

Here's a bit of news: ING fires high maintenance customers. from an article at <A HREF="http://money.cnn.com/2005/10/02/pf/debt/internet_banking/index.htm">money.com</A>

<i>And if you're looking to have your hand held, online accounts are not for you. ING Direct, for instance, closes an average of 3 percent to 4 percent of accounts a month, when customers require too much personal service.

"We fire our customers is a colorful way of putting it," said ING Direct's Kuhlmann. "While the banking business says the customer is always right, we're online guys and you can only do business with us in a certain way."

He added that it just isn't cost effective to maintain high maintenance customers that need more personalized attention. </i>

So have you been fired from ING or know anyone who has?

[Bluezy]

Re: ING Direct vs Emigrant Direct Bank

Interesting. I've stayed with my beloved Emigrant (and now with my new ING) because our money and I want to be left alone to grow in peace. Therefore I do not expect to be counted among those fired.

[CJsoccerchic]

Re: ING Direct vs Emigrant Direct Bank

WOW!!!! They can FIRE you - what a concept. Geez, I hope this concept doesn't get carried over to my regular bank!!!! I guess I'll have to be lie low with ING and make my deposits

[34saving]

Re: ING Direct vs Emigrant Direct Bank

Okay, so I finally decide that .6% is too much to ignore, so I start moving my money from ING over to Emigrant. I did the first transfer on Sept. 27. It showed up almost right away and it's been earning interest, but it's still not "Available". How long does Emigrant take before it lets me have my money back?

[Bluezy]

Re: ING Direct vs Emigrant Direct Bank

I have my Emigrant funds available one-two days after the deposit. Mostly My funds have been available immediately. But know that I only deposit funds into my Emigrant account, I do not withdraw them.

I'm still too new to ING to make such a statement. However, they did respond quickly to my initial deposit and made it available one day after I opened the account.