Is ING Direct ( the online bacnk) , a scam??

Question

What has your experience been?

Answer 1

ING is a legitimate, FDIC insured online bank. If you are looking for an online high-yield savings account, I suggest looking into HSBC Direct or Emigrant Direct. These are both offeriing 5.05%.

Answer 2

ING Direct is not a scam. I have been with the them since November, 2005. The account was very easy to open. There are no fees what-so-ever, and they offer a pretty high interest rate for a savings account. Overall my experience has been very good with them. There is one thing I wish they would change though, and I explain it below:

If you request a transfer from your regular bank to your ING Direct savings account, ING doesn't take the money out of your regular banks account until 2 or 3 days after you've requested the transfer. I have a savings account with EmigrantDirect.com too and they take the money out out my regular bank account at 9:00 a.m. the day after I request a transfer. This also applys to withdrawals from your ING Direct account. If you need to transfer money from your ING account to your regular bank account, it takes 2-3 business days. Whereas with EmigrantDirect.com, it's in your regular bank account the next business day.

ING is a very good company but I would recommend EmigrantDirect over ING because Emigrant is more effiecent with transfering money between your regular account and your savings account.

Answer 3

ING is a good position for saving fantastically if you're only beginning out. ING is able to furnish a significantly better pastime fee because they do each little thing on line, and don't have the fee structure of overhead (renting area or homes for banking, tellers, machines). yet, no favor to be stricken as they are nonetheless take care of (FDIC insured which signifies that your deposit is insured antagonistic to loss. ING is a large selection to a CD at say economic company of u . s . a . because your money continues to be liquid. i'm 20 years previous and characteristic been waiting to maintain $6000 with Ing so a procedures. The pastime fee has been higher numerous circumstances considering I signed up, that's helpful too because it isn't a collection pastime fee, like a CD. even although you'll nicely be in touch that that's basically on line and also you received't get the service you may choose, the interface is elementary to apply and that i have had to call shopper service some circumstances, and they were basically as efficient as my economic company of u . s . a . service reps. I even don't have any credit historic previous both. one element you need to do is determined up a bank account with a classic company (economic company of u . s . a ., Wells Fargo...) that you need to move money to create a savings account. that's very much and that i really recommend it.

Answer 4

I've been using ING Direct for over 6 years and have found it an excellent online bank. It is a legitimate bank, and they have very good interest rates. One thing I really like about them is that you can transfer money between your ING Direct savings account and your checking account for free. So even though it's an internet bank it's easy to get to your money (2 days). I've never had a problem. Good luck! Jen ;-)

Answer 5

No its not a scam. I have an ING Direct account and it gains intrest each month on the money that I already have in the account. I think its a good way to save money without have to do the work.

Answer 6

I had account with ING and they are legit, however if you are looking for the best interest rate online, try HSBC. Their savings account beats them all with no fees ever, free bank-to-bank transfers, a super-secure site and 5.05% interest rate (and climbing on a regular basis). Go to:
https://www.us.hsbc.com

Answer 7

I don't have an account with them but know people who do. They seem to be totally legitimate. They can give more interest on their bank accounts and charge less is fees since they have relatively little overhead expense with no physical bank branches or people to staff them. I believe all of their business is done online. Same with PC (President's Choice) online banking.

Answer 8

They are a legitimate organization but I would suggest that you look for a Credit Union in your area. By using a not-for-profit organization you'll find the rates to be very competitive (and in some cases better!) with the commercial (for profit) banks.

To find a Credit Union near you go to www.ncua.gov and look in the Resources for Consumers section.

Good Luck!

Answer 9

Nope, been using them for 2 years now and have made a boatload in interest.

They are federally insured and protected.

Answer 10

No they are a bank of good repute.
However, they do not have retail outlets so always deal with a bank that gives personal service.