Pissed Off At ING
I have recommended ING Direct to so mny people and then this showed up in my Inbox:
"Date: April 08, 2009
Dear Aislinge,
Customer Number: XXXXXXX
Based on recent activity in your Orange Savings Account™, we want to remind you that you cannot make more than six withdrawals from your account each month. This is a federal regulation that all banks are required to follow for savings accounts like this one, so if this type of activity occurs more than three times in any 12-month period, we will have to close your account.
We don't want that to happen, so here's what you can do to prevent your account from being closed:Take a look at your statements or go to ingdirect.com and review your account activity. Keep track of how many times you transfer money out of your Orange Savings Account, including transfers to other ING DIRECT Accounts, and make sure you're not making more than six withdrawals each month. Make one or two larger transactions rather than moving money numerous times. This will reduce the number of withdrawals you make each month.
Give us a call at 1-888-464-0727 if you have any questions.
Save Your Money."
"Date: April 08, 2009
Dear Aislinge,
Customer Number: XXXXXXX
Based on recent activity in your Orange Savings Account™, we want to remind you that you cannot make more than six withdrawals from your account each month. This is a federal regulation that all banks are required to follow for savings accounts like this one, so if this type of activity occurs more than three times in any 12-month period, we will have to close your account.
We don't want that to happen, so here's what you can do to prevent your account from being closed:Take a look at your statements or go to ingdirect.com and review your account activity. Keep track of how many times you transfer money out of your Orange Savings Account, including transfers to other ING DIRECT Accounts, and make sure you're not making more than six withdrawals each month. Make one or two larger transactions rather than moving money numerous times. This will reduce the number of withdrawals you make each month.
Give us a call at 1-888-464-0727 if you have any questions.
Save Your Money."
Excuse me, when did it become your business to manage my money? I prefer to keep the money in savings but sometimes I need to move it out to Checking. Why should ING care what I do with my money? Why is it their concern?
I'd heard of this before but it is the stupidest thing I have ever read and at the time another person told me about it I thought it was erroneous information. Now I see to my dismay that this is true.
I'm going to contact ING and have this conversation with them, but I also want the [very tiny amount of] readership to know about this.
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