ING Direct is being sold...

**krantcents** · 06-10-2011, 04:49 PM

I would wait and see! The acquiring company just may let it operate on its own. You can always switch.

**humandraydel** · 06-17-2011, 04:13 AM

Well, looks like Capital One bought ING Direct...

**Joan.of.the.Arch** · 06-18-2011, 09:28 AM

If anyone would want to comment on the general reputation of Capitol One from a consumer's point of view, I'd appreciate it. We have particularly liked ING for the ability to make quick transfers, but I could easily leave ING at the first inconvenience and definitely at the first fee.

**jorgee57** · 06-26-2011, 07:24 AM

ing sold to crooks

if ing is sold to bank of america you should close your account ,bank of america is one of the banks that has caused this problem in the usa.i dealt with boa 2yrs ago they hiked up there fees among other things,as soon as i see that the deal is done and boa has bought ing i will pull my $10.000 out of ing. and anyone else who has money in ing should do the same.there is no way the the bank that takes over will leave things as they are, that is why they are buying it to get rid of their competition out of the way.

**clipper11** · 06-28-2011, 06:30 AM

i have been thinking about going for that $50 bonus offer. Hope it has not expired.

**GaelicWench58** · 07-08-2011, 09:47 AM

Day late and a dollar short but....

I bank both with Capital One Banking and ING Direct. Those changes won't be taking effect until the end of the year. I have no desire to stop banking with ING since I do the majority of my bill paying with them, but not so savings. I've also got Direct Deposit set up with ING each month.

Think I'll hang in there until close to the end of the year to see what Banking Guy (Ken) will be reporting regarding the "merger."

**Janice728** · 08-05-2011, 04:56 AM

I just joined this group, so bear with me, but I joined up with ING when they offer the $103 if you use your debit card like 7 times within 45 days or something like that, was a New Year's promotion, so been there about 8 months now. I figured I can't make interest in the bank like that on some minimum amount like $150 or so I put in the account. Since then, I have liked them, but I have found so much better deals and a higher rate of interest for plopping our CD money that the 1 percent that ING offers isnt that much, more than most, but I found a credit union offering 3 percent interest which is unheard of today if you follow simple steps like using debit card 12 times a month and epayments and estatements. Up to $25,000 in account too, that's the best interest rate I can find around for doing a few simple steps per month. You do have to be diligent and keep track of things, but it's working for us. (the credit union is IHMVCU okay, incase you wondered)

**photo** · 08-06-2011, 06:24 PM

Originally posted by Joan.of.the.Arch View Post

If anyone would want to comment on the general reputation of Capitol One from a consumer's point of view, I'd appreciate it.

I refuse to do business with Capitol One. Just a few years ago, as interest rates were dropping, they had a great offer of 5% on a CD whereas most other banks were offering 3-4%. I was going to put a significant amount in that CD ($100,000), but the first red flag was that they urged me to immediately send them the funds -- before the document stating what the interest rate would be -- arrived. The deal was that they would lock in that 5% rate but the funds needed to arrive within (a certain amount of time; I think it was 10 days). I said I wanted to wait until I had a document in hand guaranteeing that 5%.

The document setting up the CD arrived, but without the 5% interest rate mentioned. When I called them, they said they couldn't write in 5% because they needed the funds in hand to guarantee the rate. I said I understood that but they could have written it in the contract.

The shocking part is that the supervisor told me that even with the stipulation that the funds needed to arrive in 10 days, they were unable to write it on the document due to computer limitations!

When I complained to the agency responsible for regulating them, Capitol One pulled a nasty stunt. They fabricated a document that was never sent to me to "prove" they were within the law for writing the interest rate on the document. I fought and fought and the regulating agency kept saying that no rules were broken (but they were). I finally gave up and refuse to ever do business with Capitol One.

ING Direct is being sold...