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I Can No Longer Recommend Ing Direct

posted Nov 29, 2013, 1:37 PM by Jeff Wagner   [ updated Nov 29, 2013, 1:47 PM ]

For years I have recommended that my friends and family bank online with Ing, especially when they complain about overdraft and other fees at their banks. Sadly I can no longer recommend Ing Direct. Here's why...

Ing Direct was acquired by Capital One and is now known as CapitalOne360. After spending most of this year with CapitalOne360, I can confidently recommend them just as I have Ing in the  past.

Why am I bringing this up now?
  1. I wanted to experience life with CapitalOne360 before I could honestly recommend it.
  2. Right now is the best time to join because they are having their annual Black Friday sale and are giving away the most money for opening an account.
Banking online is not for everyone, but for me it works perfectly. I'm not suggesting you give up your brick and mortar bank. They provide services that no online bank can. CapitalOne360 is the perfect place to start that second account to sock away money for a rainy day, or even for a sunny one.

I used to work for a bank, so I know how their business model works. They are worth more when they have more of your money. They train their employees to take all your money. Yes, it's your money, but they use your money to make even more. Then they charge you fees.

More than one friend has complained to me about bank fees. Bank customers complained to me about bank fees. That's how banks work, right? Bank fees are a fact of life. Overdraft fees are the worst, especially when you get more than one at a time. Overdraft fees tend to come in bunches. We have all mixed up our math at one point or another.

CapitalOne360 does not charge fees. They pay you for the privilege of holding your money. That's how it should be. I agree with this so strongly that in 2011, I gave up my Wells Fargo account and now bank exclusively with CapitalOne360. I make check deposits with my phone and get cash at more ATMs than your bank likely allows.

Most will not be able to do this, but it doesn't hurt to try CapitalOne360 and take advantage of the following Black Friday deals.
  1. Open a checking account by 12/2/13 and earn $125.
  2. Open a savings account by 12/2/13 and earn $75.
  3. Open a kids savings or Money account to earn $25.
  4. Open Share Builder or take out a home loan for other bonuses.
  5. Refer a friend. If two people use my referral link: CapitalOne360 by 12/2/2013, I get $100. Same goes for you.
Keep in mind, these accounts are all free and do not charge fees. They pay you interest. Isn't that how it's supposed to be? Thank you for using my referral link.




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