ING Direct vs Emigrant Direct Bank

[BTC]

Re: ING Direct vs Emigrant Direct Bank

I think that fast txfr was the exception more than the rule.

Possibly, but someone else in another thread mentioned that their transfer from Emigrant Direct posted to their checking account in 7 hours. Also, all of my transfers to ED have posted to my checking account in no more than 2 business days. None of my ING transactions posted that quickly.

IMO, that's a fairly significant advantage that ED appears to have over ING.

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

Okay -- transfer SNAFU:

On sunday, I requested transfers from both my ING and ED accounts to Bank of America so that I can put it in HSBC.

It is now tuesday morning 3AM, my ing money has posted in my bank of america account....

My ED is not even showing that i have requested a transfer, where as yesterday (monday) it did... it is still showing a full balance, as if i never transferred or requested a transfer....


what the hell?

[BTC]

Re: ING Direct vs Emigrant Direct Bank

Okay -- transfer SNAFU:

On sunday, I requested transfers from both my ING and ED accounts to Bank of America so that I can put it in HSBC.

It is now tuesday morning 3AM, my ing money has posted in my bank of america account....

My ED is not even showing that i have requested a transfer, where as yesterday (monday) it did... it is still showing a full balance, as if i never transferred or requested a transfer....


what the hell?

If you haven't already done so, I would call Emigrant Direct. Even though you still have all of the money in your account, they should, at the very least, be made aware of your issue.

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

It's probably due to the fac that their UI is known to have some glitches on occasion...so the story goes at least.

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

well, how long will it take for it to show up, and will i get my money? and in a reasonable time?

[BTC]

Re: ING Direct vs Emigrant Direct Bank

well, how long will it take for it to show up, and will i get my money? and in a reasonable time?

It sounds like your transaction was not processed, but that's just an assumption based on the information you have provided. If you want answers, this probably isn't the best place to get them. I suggest you contact Emigrant Direct. Reporting problems helps everyone involved.

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

will do.... it finally shows as being pending transfer, 2 days later.... i am beginning to think that ED is not worth the extra percetnage (interest) over ING....

ING transfers are like clockwork.... accurate, fast, and consistent...

does anyone have any experience with transfering money out of HSBC to your external checking account?

[sweeps]

Re: ING Direct vs Emigrant Direct Bank

does anyone have any experience with transfering money out of HSBC to your external checking account?

Yes, it takes 3 business days.

[okaythen]

Re: ING Direct vs Emigrant Direct Bank

You don't have to open a new account to get the 4.75% rate. Just deposit new money.

Everyone, run the numbers before making the switch. It's a teaser rate and only lasts 87 days if you can get the money in today. Also factor in the float from your bank to ING and from ING back to your bank where you won't earn any interest before deciding whether it is worthwhile.

ok so how much money do you gain on the 87 days if you take out 10k from ED wait, to your bank, xfter to ING, wait, and then the rest of 87-x days? not that much money is it

hm just did a rought calculation..it's about 9 dollars for 90 days between 4.25 and 4.75 on 10k dollars. 9bucks..is it worth the hussle?

[goodtosave]

Re: ING Direct vs Emigrant Direct Bank

Emigrant Direct just raised their rates to 4.25% APY.

[CJsoccerchic]

Re: ING Direct vs Emigrant Direct Bank

4.25% I really need to get off my butt about signing up with them - until then, I'll enjoy the 4.75 that ING is offering for the next .... 85 days?!

[wealthbuilder]

Re: ING Direct vs Emigrant Direct Bank

What's up everybody! I'm new in here. I just found out that HSBC is now offering 4.80%! It's only thru 4-30-06 though, then who knows.

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

And the great thing is, apparently it's on the entire balance, not just the new stuff coming in. ING must be happy about that...

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

you all should read the posts in the HSBC thread..... they are offering 4.8% for everyone, old money, new money, etc... until april 30th....

ing is behind the ball...

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

also, ED is now at 4.25%

Is it worth keeping more than 100K in an account to reap the benefits of more interest, even though it wont be FDIC insured?