I N G accts

[NikiM20]

Can anyone tell me more about these?

[DisneyFanatik]

I am not sure if they are still offering this but if you are referred by an existing ING customer you will receive a $25 bonus just for opening your a/c. There is no minimum initial deposit (I opened mine with $1) and no minimum balance fees. ING accounts are currently earning 2 pct. I believe. For every person that you refer you get a $10 bonus (upon their account opening). You can refer your spouse, your kids - anyone with a SS #. If you need a referral to get started just pm me.

[Lorix2]

Also, the way it works is that you link your ING account to your checking account.

When you want to deposit into the ING acct, you deposit the money to your checking and transfer it to the ING on their website or do it by phone with customer service.

When you want to take money out, you transfer it back.

I've started the direct savings plan with ING (signed up on their website) where I have money taken out every week and automatically transferred from my checking to my ING account. The savings is really growing and I can check the balance anytime of day or night.

The referral program is ongoing. You can open an account without using one, but you will not get a bonus $25.00.

You have to claim all bonus & referral money as interest earned too at the end of the year. You're statement online and on paper shows you all interest earned to date.

It's a great way to save - go for it. 2% APY::yes::

[mad4themouse]

There's an ING Direct FAQ Thread (http://***************/showthread.php?s=&threadid=524720) near the top of the Rewards Board. There's all kinds of valuable information there about the accounts and how to set one up.

You can even PM one of the posters for a referral. Just don't ask for one by posting (it's kind of against TOS and could get any discussions about the program pulled).

[Selket]

I have opened up one for myself - to save for Disney of course! - and opened up others for my kids and my husband. We all got the bonus and can use the money for vacations. It is a good spot for a kids savings account. So far I've found it to be a good spot to stash money - easy to link to my checking account.

[LorieR]

As of 6/1/04, the APY is now 2.1%. (Not a big increase but an increase nonetheless!) Thought the 1.75% from my credit union was good!! Also checked out their CD rates and they are now even higher than my credit union, which has always been much higher than savings banks!

Just with the $25 referral sign-on bonus and signing on 6 friends, I also made $85 in "interest." A good deal in my book!

:Pinkbounc :Pinkbounc


Lorie

[beattyfamily]

My family of 4 made $130 in opening our accounts! Then I made about $100 more with referring my other family members and friends. I also have $20 a month automatically put in.

My sister opened her account through Microsoft Money and the bonus there is $50!!

I've got no complaints and I thank the original poster on this subject several months ago here on the DIS!!

[macs4us]

If you're a Turbotax user, use the link and code provided on your Turbotax materials, you get a $50 sign up bonus. That is what my husband did for his account - bonus was posted the same day he opened it.

[etwinchester]

I just pm'd someone for a referral so I can open an account.

Where did you find the link from turbo tax? I have turbo tax so I might use that link.

Guess you can't do both huh? Also, if I use the TT link, can I still refer people to get the $10 bonuses?

Couple other questions...

Can I sign up, then make another account for my hubby with me as a joint person to get more $$$?

Does the interest get credited every month?

How can you close the account if you choose?

[beattyfamily]

Originally posted by etwinchester
I just pm'd someone for a referral so I can open an account.

Where did you find the link from turbo tax? I have turbo tax so I might use that link.

Guess you can't do both huh? Also, if I use the TT link, can I still refer people to get the $10 bonuses?

Couple other questions...

Can I sign up, then make another account for my hubby with me as a joint person to get more $$$?

Does the interest get credited every month?

How can you close the account if you choose?

Can't answer your question about Turbo Tax...

No, you cannot do both. Once you open an account, you can then refer anyone you want and if they open accounts, then you will get the $10.

I referred my DH. He opened a separate account but using the same checking (or you can use a different checking account but do not make your and his ING accounts joint. If you make them joint, no $25 bonus for him. They must be separate.

You can also open accounts for your kids as minors (they will be in a sense joint and there are directions on their website) and they WILL also get bonuses and you will get referrals...then you can transfer their money into your account once it appears. I did this and then closed their accounts. My DH transferred his $25 to his checking and spent it!:rolleyes: He has since closed his account.

The $25 and $10 will appear right away BUT they make you wait 30 days before you can transfer it anywhere.

The 2% interest is once a month.

You have to call them with the PIN # and accounts to close. Very easy though.

[etwinchester]

Thanks. Guess I'll just open an account for myself and DD (with me as custodian).

DH doesn't know how to work a computer that well, and he's hardly ever home. Works in auto body so he's always working...

Just need to wait for the link (referral) to sign up. Can't wait...

[beattyfamily]

Originally posted by etwinchester
Thanks. Guess I'll just open an account for myself and DD (with me as custodian).

DH doesn't know how to work a computer that well, and he's hardly ever home. Works in auto body so he's always working...

Just need to wait for the link (referral) to sign up. Can't wait...

You can open your DH's account! You don't need him!!!;) You just need to know his SSN and just plug in all the same info; you can use your same checking account for all accounts you open and deposit $1 each!

[BethR]

Originally posted by beattyfamily
You can open your DH's account...You just need to know his SSN and just plug in all the same info; you can use your same checking account for all accounts you open and deposit $1 each!

You will also need his Drivers License information - the number and the date of expiration as well.

Good Luck!

This is a great program! I opened my account using the Turbo Tax link and have opened accounts for my DH and DD. I am using my account for vacation savings, DH's account for savings for budget kind of things like quarterly taxes and water bills, etc, and DD's is for any money that she gets for Birthdays and Christmas, etc.

:)

[etwinchester]

....but what about closing his account? Wouldn't he need to call directly???

[beattyfamily]

Originally posted by BethR
You will also need his Drivers License information - the number and the date of expiration as well.

Good Luck!

This is a great program! I opened my account using the Turbo Tax link and have opened accounts for my DH and DD. I am using my account for vacation savings, DH's account for savings for budget kind of things like quarterly taxes and water bills, etc, and DD's is for any money that she gets for Birthdays and Christmas, etc.

:)

You are right! I completely forgot about that. It's been awhile for me!

Thanks for correcting me!::yes::

[maleficent1959]

We've been with ING for a couple years and we're really pleased with them. Each DS has a savings account where I stash their Coverdell savings until I make their quarterly contributions, we have what I guess would be our longterm/emergency savings that we don't touch, and I just opened another strictly for fun savings, like vacations or toys my DH wants.

[PatriciaH]

We love ING too. I signed up with a referral from the DIS boards-free $25:) The interest rate is great and it is easy to open an account. I try to put $10 in every week or so.

[Tracy M]

Could someone pm me so I can use them as a referral to open an account? I'm not sure who has referrals on this board. It would be greatly appreciated. Thanks in advance

[etwinchester]

I'm also looking for a referral link. I'd like to join ASAP.

Any help would be greatly appreciated...

[maryssasmom]

the only thing is do not ask on the board for a referral or the board will have to go :(
just pm any one of us and we can let you know if we have any referrals left. that is all you need to do. I hope this helps.

[etwinchester]

I noticed that you were'nt allowed to tell people you can give them a referral but didn't know you couldn't ask for one...

Anyway, I just signed up and can't wait to start saving.

Have a question about adding DD. She is 4. If I add her as main member and myself as joint, will she still get the $25 credit if my name is under her as a joint owner?

[Lorix2]

Yes, she will.

She will be "primary" acct holder and you will be "secondary/joint". If you do the reverse, she won't get credit because they will recognize you as a primary acct holder with an established acct already.

[kimbac3]

I just wanted to thank everyone for all the great tips and advice. Especially want to thank my "refer-er" (You know who you are;) )

One question.. I thought I read somewhere that this $25 promo ends July 1. 2004. Did anyone else see this? I want to have time to get some referals of my own!


Thanks,
Kimba

[autumnblue]

I really hope the $25 promotion isn't going to end soon I still have a bunch referrals that I want to give out. If you remember where you read this please let me know.

Thanks

Autumnblue

[kimbac3]

This came in the email from my "refer-er" - the one generated by ING to give you the link.

"Online enrollment is quick and the savings start right away. (This special link can only be used once)

Thanks, and start saving now!

Jim Kelly
Executive Vice President, Sales and Service
ING Bank, fsb


P.S. Rate effective as of date of email - 06/01/2004. Check ingdirect.com for the most up-to-date rates. Bonus only available for new accounts with a new Customer as primary owner. Worth $25 only when deposited in a new ING DIRECT Orange Savings Account. $25 Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Valid through 7/1/2004 - do it today!"


Did anyone else see this?
Kimba

[iNTeNSeBLue98]

Originally posted by kimbac3
This came in the email from my "refer-er" - the one generated by ING to give you the link.

"Online enrollment is quick and the savings start right away. (This special link can only be used once)

Thanks, and start saving now!

Jim Kelly
Executive Vice President, Sales and Service
ING Bank, fsb


P.S. Rate effective as of date of email - 06/01/2004. Check ingdirect.com for the most up-to-date rates. Bonus only available for new accounts with a new Customer as primary owner. Worth $25 only when deposited in a new ING DIRECT Orange Savings Account. $25 Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Valid through 7/1/2004 - do it today!"


Did anyone else see this?
Kimba

Correct me if I'm wrong, but I think it is stating that you have 30 days, from 6/1-7/1, to act on the referral to sign up and receive the bonus. After 30 days you are no longer eligible for the $25 bonus. The offer as a whole does not end, just your particular referral.

[mad4themouse]

Originally posted by iNTeNSeBLue98
Correct me if I'm wrong, but I think it is stating that you have 30 days, from 6/1-7/1, to act on the referral to sign up and receive the bonus. After 30 days you are no longer eligible for the $25 bonus. The offer as a whole does not end, just your particular referral.
That's exactly what it means. If you've ever referred someone and they didn't take you up on the offer, you'll notice that the "referral" disappears from your list after 30 days and is no longer valid.

[disney4us2002]

Can someone tell me how to join thru the TurboTax link. Is it the serial numbers on the back of the cd? Where on the ing acct do you list it or do you go in another way. Also, just double checking that this is the orange ing direct acct right?

[bcarson]

I have a question about the turbo tax thing also. I noticed I got a disk for it with my new dell. Do I actually have to use the turbo tax to get the $50 dollar referral? Also if I download it from the disk is there a link to the ing accounts? Will it cost me anything to use the disk? I am also assuming if I use that disk that means no referral bonus for someone here correct? Sorry for all the questions. I am seriously thinking about doing this. I would love to get the $50 dollars versus $25 if possible! I just thought of one more question. Can more then one person sign up through turbo tax? I mean could dh get the $50 dollars also?

TIA

[shelly3girls]

Once you sign up how long does it take for the two small deposits to hit your account? I signed up my DD for a new account with me as a secondary accountholder and it has been a couple of days. I am concerned that they are not going to allow the bonus since I already have an account. Does it matter that I used the same bank account as my original account, just a different email address?

[Lorix2]

shelly - I think it takes anywhere from 2-4 days for the deposits to appear (remember monday was a holiday).

Also, as long as your DD is primary and you are secondary, she'll get the $25 because she is now a new customer.

[beattyfamily]

Originally posted by shelly3girls
Once you sign up how long does it take for the two small deposits to hit your account? I signed up my DD for a new account with me as a secondary accountholder and it has been a couple of days. I am concerned that they are not going to allow the bonus since I already have an account. Does it matter that I used the same bank account as my original account, just a different email address?

It can take 3 or 4 days sometimes but probably an average of 2 days.

I'm not sure what you are saying. It's one account per SSN. So as long as you aren't trying to open another one for yourself, then you should get the bonuses for yourself and your DD. I believe she is primary and you are secondary but I don't remember...

[nursetink]

I was able to use the same e-mail address and checking account without any problems for DH and both DD's accounts.

[gary4jenn]

I have several referrals too and I would be happy to answer any questions anyone has about setting up an account.

I put all my rebate money, money from returns at Target, etc., and misc checks in this account. It really starts to add up.

I also have it set up to take $20 out of my account every Friday- by the time I leave for Disney, I will have over $600 in spending money!
I don't miss $20 each week!

[Mom2Ashli]

I am also interesting in using the Turbo Tax link that was mentioned in several other posts. This sounds like a great savings plan for our Future Disney Trips. Any information anyone has would be wonderful. Especially if the saving will end soon.

[deltachi8]

Once you sign up how long does it take for the two small deposits to hit your account? I signed up my DD for a new account with me as a secondary accountholder and it has been a couple of days. I am concerned that they are not going to allow the bonus since I already have an account. Does it matter that I used the same bank account as my original account, just a different email address?

Someone will be sure to correct me if i am wrong, but when I opened an account for my son, I used the same bank account as mine and I did not have to verify utilizing the two small deposits. My guess is that because I was the joint holder and the account had been verified once, it wasn't necessary.

[DisneyFanatik]

Originally posted by deltachi8
Someone will be sure to correct me if i am wrong, but when I opened an account for my son, I used the same bank account as mine and I did not have to verify utilizing the two small deposits. My guess is that because I was the joint holder and the account had been verified once, it wasn't necessary.

Same here. I used the same checking a/c to open my ING a/c and my kids a/c's. I only had to verify amounts once (when my a/c was opened). I still have some referrals left if anyone needs one...just pm me.

[sap1227]

I received an email today that the rate for the accounts is now 2.10%:D

[janie91]

I just opened my account on a referral from this board and it was very easy! I'm excited to start saving our trip will be here before you know it and I have to get busy. Happy to answer questions about new openings but that's the only knowledge I have at this time. PM if I can help anyone!
Thanks!

[MomCanWeGoYet?]

I just opened my account today too...thanks to a nice person here who referred me! :D

Now I've gotta get my DH, DD and DS signed up too...
I figure that this $$ alone will more than cover a (another!) character meal, so I'm psyched about that!!

[etwinchester]

Have a quick question.

Can I send a referral to my email address for DH. Have him sign up as the primary and myself as the joint. With that give him the $25 credit as well. Then later, after 30 days, close his account and just keep mine open?

Will that work or won't he get credit if I'm joint owner and already opened one?

[mad4themouse]

That's what I did with my DH and he got the $25, I got the $10 in my own account. But I haven't closed his account. It's our "Christmas Club".

[wdwpluto]

I too have plenty of referrals left if anyone needs one. We've been with ING for about a year now and love it!

We're actually considering opening one of their CD's also. Anyone had any experience with those?

[Mom2Ashli]

How can I get a referral to open an account?

[mad4themouse]

Just PM anyone who has an account and they will send you one via email. They will need your first & last names and an email address to send it to. The referral links cannot be PM'd.

[beattyfamily]

People need to stop saying they have referrals to give and/or need a referral or this thread will be closed and none of us want that!!

[JohnTigger'sMom]

Special thanks to a very nice person here who "helped" me open my account.

I also opened mine up as a "Christmas Club" account which I think will be an excellent way to save for Christmas!

[pkasbohm]

i opened mine about 4 months ago and love it! I took money out to go on vacation and it was very easy. All i had to do is transfer it to my bank account then i used my atm card to get the cash! Now i am going to start saving for our disney trip next year! If i can help anyone with anything just let me know!

Pam

[wdaveo]

It appears that the turbo tax offer has expired. Can anyone confirm this, or offer a different link for a current turbo tax offer? Thanks!
dmo

[Mom2Ashli]

I just opened my account yesterday. Can't wait to start to saving for my Next WDW vacation.

And Thank you very much to my very nice helper......

[MomCanWeGoYet?]

Hi! I opened accounts for my DD and DS, with me as the secondary person....but my account is not showing the bonus for either one of them, and it's not showing the $20 that I should be getting for referring them. Anyone else have this problem and what did you do?? Thanks!:D

[beattyfamily]

Originally posted by MomCanWeGoYet?
Hi! I opened accounts for my DD and DS, with me as the secondary person....but my account is not showing the bonus for either one of them, and it's not showing the $20 that I should be getting for referring them. Anyone else have this problem and what did you do?? Thanks!:D

It could be that it just hasn't shown up yet? Even when it does, you will not be able to touch it for 30 days. It does take a day or so to appear though.

Did you open your account first and get your $25 and then refer your children and then open accounts for them through the link in their emails so you would get the $10 each? Did you already verify your account with that small depoist yet?

Not sure what it could be.

[MomCanWeGoYet?]

[i]

Did you open your account first and get your $25 and then refer your children and then open accounts for them through the link in their emails so you would get the $10 each? Did you already verify your account with that small depoist yet?

. [/B]

yep, I just verified my account today.....and I did get mine, and then I sent the link to them. I just wondered...because my $25 showed up right away....
Thanks for the reply, beattyfamily!

[DVC Daisy]

That is exactly what happened to mine too! My bonus showed up right away, and when I referred my son, no bonus :( I was quite sad. It DID post about 1 - 2 days later though :teeth: so all was good. I have no idea why it took so long. Perhaps because it was on the same checking accout, dunno. Your kids bonus' should arrive in the next day or so. :teeth:

[Wishing upon a Star!]

Hi everyone,
I just wanted to say thanks for the great information about ING. I just opened up my account using Microsoft Money and got 50.00.
:bounce: :Pinkbounc :bounce:
One step closer to the WDW goal.
Terri

[Jewel1310]

We downloaded turbo tax and so don't have the "key" to enter the information in ING. I guess instead that I will need a referral to sign up.

[maryssasmom]

all you would need to do at this point is just pm any one of us on the board to see if we have any referrals left, anyone would be more than happy to get you one. if we ask for referrals, this board might get shut down so that would not be good. just sending a friendly reminder!!

[dllmnmdth]

I just want to say ING rocks. The increase in the 2.10% just recently makes this account even better. The referral program went over with no problems except one. I did not get the credit for one of my children and I called the wonderful customer service and it was fixed. I got the referral bonus and my child got the new account bonus.

All I can say is WOW!!!!

:bounce: :Pinkbounc :earseek:

[gary4jenn]

Not sure if this has been mentioned yet, but it does take a couple of days (2-5) for any money to be transferred from your I N G account back to your checking account for you to use.

This makes it a good way not to easily "dip" into your mickey fund for impulse buying. So don't wait until the day before your trip to transfer the money.

I have mine set up to automatically withdraw $20 each Friday out of my checking account and added to my I N G account. Each transaction takes 5 business days to clear before it is officially added to my I N G balance.

[Jewel1310]

Thanks for the help esp to Lori. I now have an account for myself and kids. Sent a referral to my husband also. My kids thought this was very cool and like the ability to go on line and see their accounts!

Thanks all.

[deltachi8]

I have to agree with everyone that posted here regarding an automatic savings plan - take what you can afford and not miss each pay period and have it thrown into the ING account - it adds up quickly.

The customer service reps on the phone are as friendly as can be...perhapps they were trained at the Disney Institute before it went away?

Since we all want to jeep the board up, we have to remember the rules about referrals...even I have hard time remebering form time to time.

[Lollipop Mom]

INGDirect gets a big thumbs up from our family as well. All 4 of us have accounts. I opened mine about 8 months ago and referred my husband and sons maybe 4 or so months ago. We've had zero problems with it after many transfers in both directions.

Definitely a great savings tool for ANYTHING you are saving for! :)

[RobinMarie]

I just opened my account this morning. I see some people opened accounts for their children. I needed to use a State ID number, or a driver's license to open the account. Is this not necessary? How did everyone else do it?

[sap1227]

When you put the age of your children, the box for the ID disappears.:D

[beattyfamily]

Originally posted by RobinMarie
I just opened my account this morning. I see some people opened accounts for their children. I needed to use a State ID number, or a driver's license to open the account. Is this not necessary? How did everyone else do it?

I did not...just their SSN. They are primary account holder and you are secondary...

[Cindy B]

I lOVE LOVE LOVE ING.

I have been with them for almost two years now.

THere are actually branches in the Philly and NYC area. The Philly one is set up wonderfully, and have the nicest staff.

I love the idea of the automatic savings account. I love the interest I have gotten lately. I have had some luck with referrals as well.

The customer service is first rate.

[bcarson]

Anyone who has used there turbo tax link. Could you please post some info on it. I got the disk with my new dell.

Thanks

[mad4themouse]

I found a TurboTax link on another board. It looks like the offer was only good until 6/1/04. But if you have a product key, there's no harm in at least checking it out:
ING/TurboTax Bonus Link (http://www.ingdirect.com/ttx03/)

[got2lovedisney]

Thanks to the postings on the other I N G thread, I was able to take advantage of the TurboTax offer and got the $50 bonus! I also remember reading the offer expired 6/1/04. :(

I had to put in my daughter's state ID# when I opened her account. This was because she's 16 and I think I remember that being the threshold age. If the child is younger, I think all you need is their SS#.

[summersfam4]

to the family whom referred me, I am so excited that I opened my account the same night! I hope your bonus comes quickly as I see you have a trip approaching (even if you don't need it at least it will be in there earning for you ::yes:: ) My oldest DD who understands money can't wait for me to send her a referral now. You are a great asset to these boards!

Kelly

[RobinMarie]

Originally posted by sap1227
When you put the age of your children, the box for the ID disappears.:D

AHA! Thanks!

[PartyofSix]

You guys just ROCK. I caught a glimspe of this a while back and just read more on it. I have pm'd a fellow dis'er and will be opening our accounts soon. Thanks for all the great info.

[briannesmom]

I opened my account last night, I am so excited! Now I am going to refer my DD and DH so we can start saving for future WDW trips.


Amy

P.S. Thanks Pam!!:wave2:

[LSchrow]

Originally posted by Wishing upon a Star!
Hi everyone,
I just wanted to say thanks for the great information about ING. I just opened up my account using Microsoft Money and got 50.00.
:bounce: :Pinkbounc :bounce:
One step closer to the WDW goal.
Terri
hi, terri ~
sent you a PM :)

[PartyofSix]

Sap 1227 you have a pm! Thanks Tammy

[deltachi8]

just checkked our balnce..gotta love it, so easy!

[enchantedpixiedust]

I just opened mine a couple weeks ago and am getting ready to send out some referrals to friends/ family. I really like the fact that it's not instantly accessible. I am my own worse enemy saving money. :(

Good luck to everyone saving!

[StephMK]

I asked this at the Rewards board but also checking here for an answer.

Ok, I have looked all through this thread & can't find an answer. We have MS Money - it came on our Dell last fall. When I'm in the Money program, there is a link for ING but no mention of a $50 referral bonus. Should it mention it up front or will it automatically appear later in the process? It does offer 2 free computer programs on my system but that offer expired last Aug - before we even got the computer! When I click the link to ING online through MS Money - it doesn't show the offer either.

Can I do this? If not, I know to get a referral here by PM but the $50 would be nice. Also, if I can get this, can my hubby get a $50 referral through Money too? Or is that offer per household?

Thanks!

[kimbac3]

Just checked my account balance! I've got $76.00 already!!! Not bad considering my only deposit was only $1.00! My kids are very excited to see their own accounts! It's a great learning tool (I homeschool..everything is a learning experience!). My DD12 has already been crunching numbers on her calculator adding future birthday and gift money.
I love DIS boards!!!

Kimba

[poohnpiglet3]

I opened an account as well. Thanks to Beattyfamily for referring me!

It was so easy! And she responded so quickly. I can't wait to start saving. What a great idea. I'm so glad I hopped over here to these boards, I can't wait to share my love of WDW with my twins!

Sherri :)

[PartyofSix]

I got my account open then i opened one for dh the triplets and our 12 yo dd. I wiill earn 175.00 in bonus money! That is so sweet. Not to mention i'm set up for 40 a week and my dd's for 5 a week in automatic savings we WILL go to disney next year YEAH.

[poohnpiglet3]

Lailah, I got your PM and sent you back a message.

I just wanted to say thank you, everyone, for introducing me to this way of saving. Every little bit helps as you all know!

Thanks for helping make some dreams come true (and for helping me to find a great way to focus my savings.)

Sherri :)

[tc's mom]

Thanks to everyone for the great information on the boards. I just opened by ING account, and got the $25 bonus.

Thanks again, the DISboards are the source of the best information!

tc's mom

[StephMK]

Thanks to everyone as well for all the great tips!

Is there any reason to wait to open accounts for my kids & DH after my account has been activated? I noticed some people wait a month or more, didn't know if there was a time frame involved or a need to space out new accounts.

Thanks!

[beattyfamily]

Originally posted by StephMK
Thanks to everyone as well for all the great tips!

Is there any reason to wait to open accounts for my kids & DH after my account has been activated? I noticed some people wait a month or more, didn't know if there was a time frame involved or a need to space out new accounts.

Thanks!

No, no need to wait!

[lailah]

Thank you to that wonderful person (and you know who you are!;) ) for the referral! I am now collecting and am so happy! :Pinkbounc :Pinkbounc

[poohnpiglet3]

Thank you to that wonderful person (and you know who you are! ) for the referral! I am now collecting and am so happy!

heehee :) (You're very welcome!)

Sherri

[maryssasmom]

this is such a great program, I started with a $10 deposit for both myself and my dd, and then put $50 into mine and now have $120 plus interest in mine. I am not going to touch it and hopefully it will grow larger for our trip in April.

[PatriciaH]

We are saving with ING for our 10th anniversary! It is nice because the interest is high, you get referrals and the money is aside so it is easy not to dip into it:) :crazy:

[pkasbohm]

Wow!!! I am so glad that you all are doing a great job on saving Great job all!!!:wave2: I am glad everyone's balances are going up:earseek:

Pam

[mom of five]

LOVE LOVE LOVE ING!

Thanks all of you for the information on this...

I opened my account and then referred my DH and 5kids!
That's $25 X 7=$175 and then I got $10 for each of the 6 referrals=I made $235 on my computer in one afternoon!

[dllmnmdth]

Don't you wish you could make an easy $235 every afternoon at your computer????

[maryssasmom]

I would be in heaven. I wish it were always that easy!!!!

[StephMK]

One more question - I am in the process of setting up my kids' accounts & sent the referral link to them. When I'm entering myself as the secondary joint holder - do I enter myself as an exsisting customer or new? I'm assuming exsisting but read on another board someone had signed up incorrectly & didn't get the bonus. Just want to make sure I do everything right. :)

[PartyofSix]

I opened my account then referred my kids and when i put in my information as the joint person it just pulled it up and put the money in my account too.

Can anyone tell me how long they hold the intitial referral funds? I found it odd they posted my first weekly transfer that morning in my account and it has yet to be drawn on my bank account and that was over a week now. Actually friday was a week and they've already credited my another transfer this friday and i bank online with bank of america and can not see this transfer yet either. Just wondering how long until this money is available to me? Just concerned somewhat they are showing money not actually pulling it yet and it's not showing available either? Anyone have this happen?

[vhoffman]

I love my ING account. By signing up my immediate family, I made $235 in bonuses alone! I stashed out income tax refund there, and make regular deposits as well. The great thing is there's no fees, no minimum balance, no minimum transaction fees, and no maximum on the number of transactions per month. So whenever I have a little extra money, such as garage sales, selling books on Amazon, lottery ticket winnings (never very much!), I deposit it immeidately to ING. I just deposit the amount in my regualr checking account then do an EFT to ING. Its a great way to make sure you don't fritter away small savings. I've transferred sums as little as $3. It does add up! If anyone would like any more details as to how to oen an account, just send me a pm!:Pinkbounc :bounce: :Pinkbounc :bounce:

[sorchamac]

WOW!! I just signed up for this too. What a great deal! I'm going to send out some more referrals, although I'm not sure how many of my friends will jump on this bandwagon.

If anyone wants further info, just click the PM button below and send me a message!

Sorcha

[PatriciaH]

Originally posted by PartyofSix
Can anyone tell me how long they hold the intitial referral funds? I found it odd they posted my first weekly transfer that morning in my account and it has yet to be drawn on my bank account and that was over a week now. Actually friday was a week and they've already credited my another transfer this friday and i bank online with bank of america and can not see this transfer yet either. Just wondering how long until this money is available to me? Just concerned somewhat they are showing money not actually pulling it yet and it's not showing available either? Anyone have this happen?

I am pretty sure it is deposited after 30 days.

[pkasbohm]

Isn't great to make that much money in one afternoon!!! I wish it was always that easy! I remember when i opened my account i was so excited and told everyone about it and they looked at me like i was going to be had. Well, i guess that is why i am saving my money to go to disney next year and they are not--cause i am going to be had:rolleyes: Anyone else get those reactions when you tell people about ing?

[maryssasmom]

I hear it all the time, that I am crazy to be doing stuff online but this is 2004 - I researched what I was getting into and while they are struggling to make ends meet for our april trip, I will be saving little by little. summer is harder for me to put away money as daycare is almost $1000 a month for one child (yes one child but that includes the few field trips she goes on) so once the summer is over I will start adding a little bit in per week that I can afford and it will help it grow all that much more. I really like this program.

[disney4us2002]

Has anyone transferred from ING to their regular checking account and how long does it take to be credited typically? I think it says it could take 2 weeks but I know paypal estimates 4-6 business days and those transfers show up in my checking acct within 48 hours.

Thanks.

[beattyfamily]

Originally posted by disney4us2002
Has anyone transferred from ING to their regular checking account and how long does it take to be credited typically? I think it says it could take 2 weeks but I know paypal estimates 4-6 business days and those transfers show up in my checking acct within 48 hours.

Thanks.

For me it has been 2 to 4 days...longer if I transferred near the weekend.

I'd give myself 2 weeks before a trip if I needed the money for a vacation!

[Lollipop Mom]

Has anyone transferred from ING to their regular checking account and how long does it take to be credited typically?

It all depends on how your bank handles incoming transfers. I've never had it take more than 3 business days though, with 2 being most common. :)

[PartyofSix]

Thanks Patricia that's just in time for a vacation on the 4th of JULY. LOL I love saving this way it's just never missed but so looking forward to a big chunk next time this year.

[Mom2Ashli]

When ever I try to tell someone about my ING Direct Account and how wonderful and easy it is. Plus they pay you to join. I get alot of looks like it is too good to be true. What is the catch. I explain it all over again and still they don't believe it can be that easy to join, transfer your money and get the kind of return that ING Direct gives. Oh well some people just can't seem to see a good deal for saving money. Can't say I didn't try.

[Lorix2]

I'm met with the same thing :( But I have 12 referrals that have helped build my account now.

The only thing that's a bummer is having to claim all the referrals as interest earned, but money is money no matter what and any bank the "nonbeliever's" ;) are with are claiming less in their accounts and we're earning more :teeth:

[Mom2Ashli]

Good for you on the referrals. Keep it up. I have given out a couple of them but nobody has taken me on them. :(

Oh well what can you do.....

[mom of five]

My brother said it was a pyramid scheme!

Even after I explained everything...FDIC, its a bank, neighbor who works for state has his 401k with this bank, etc.

The thing is, everyone who knows me knows I'm a well educated, penny pincher. So, what do they think, I've just lost my mind about this one thing??? I've suddenly become irrational overnight? Oh, well.

[sorchamac]

I figure that it is cheap and very, very effective advertising for them. They get to write the $35 off as an advertising cost. Then they get to use that same $35 in their investments for the 30 days that they hold it in your account, in the traditional way that banks make money. Then they expect that you will use your account as a vacation or Christmas club account, and add money to your account. That makes more money for them. Plus, the more account holders they have the better their business looks.

When was the last time you told someone a positive thing about a bank??

[vhoffman]

I agree it sounded like a pyramid scheme to me at first. However, after looking carefully into it, I realized it was legitmate. They are a large, well-established, reputable bank. The referral bonuses get existing customers to do their marketing for them. Whenever I offer someone a referral I always tell them to check out their website first and decide for themselves if its something they're comfortable with. I originally signed up just to get the bonuses and made about $275 in bonuses and referrals. However, I now consider this account my "piggy bank". Its a great place to stash small sums of money that would otherwise go for something else. There's no minimum balance, no minimum transaction amount, and no fees. They also pay 2.10 % interest, which is better than most banks. Also, there's no limit on the number of transactions per month. If I manage to save a little, such as saving from coupons, I write a check for that amount and deposit it. I deposit coin jar savings, lottery ticket winnings (usually $5 or less), proceeds from garage sales, money from selling books on Amazon, any misc sums. I've sometimes written checks to ING for as little as $2. However, it does add up. Its also an incentive to save if you have a place to put it. So far, I've made 17 referrals. However, you get 25 referrals for each account. Between my dh and myself and two kids, that comes to 100 referrals. So I have plenty left. I could get $1000 if I used all 100 referrals. Just half that would make me happy.If anyone has any more questions I can answer, feel free to send me a pm.
:wave: ::yes:: :wave: ::yes:: :wave: ::yes:: :wave: ::yes:: :wave:

[Tonydana]

ok, i have a question.. we have a savings account with our bank, with what i consider to be a substantial amount... has anyone closed their own regular savings account and transferred it to ing.. has anyone had any problems with ing? it is fdic insured, so the worst that could happen is they would go out of business and we would still get our money, right??

thanks for the info..

dana

[Mom2Ashli]

They are FDIC Insured. You can go to www. INGDIRECT.com and read all about them.
I did not close my original saving account with my bank. I just started another one.
Ing Direct offers more than just saving accounts. They also CD with an excellant rate of return.
You are the one that needs to feel comfortable moving your money around. So do some research so that you have all the facts. No one can tell you what is right for you.

[sorchamac]

Originally posted by Tonydana
ok, i have a question.. we have a savings account with our bank, with what i consider to be a substantial amount... has anyone closed their own regular savings account and transferred it to ing.. has anyone had any problems with ing? it is fdic insured, so the worst that could happen is they would go out of business and we would still get our money, right??

thanks for the info..

dana

If you do have a substantial amount of savings, ING might be great for you because of the high interest rates. The regular savings account is 2.10% interest rate, which is quite good right now. They also have various CDs - here are the current rates:


ING DIRECT currently offers the following Orange CDs
Term APY Interest
Rate Effective Date
1 Year 2.25% 2.25% 05/12/04
2 Year 2.875% 2.875% 05/12/04
3 Year 3.625% 3.625% 05/12/04
4 Year 4.00% 4.00% 05/12/04
5 Year 4.40% 4.40% 05/12/04


If you go to www.ingdirect.com and click on the About Us orange, you'll see that they are quite a large international company.

If you have any more questions, just ask here or PM me by the PM button on the bottom of this message.

Good luck!!

Sorcha

[Tonydana]

thanks so much for all the help.. i'm going to do some more reading and then maybe close my old savings acct.. definately a great rate..

thanks again..

dana

[vhoffman]

Insofar as paying income tax on the referrals, yes, that's true, the bonuses and referrals are reported as interest earned along with the 2.10% interest. However, if you open an account in your child's name, use the referrals from your child's account first (each account gets 25 referrals to send out). That way the referrals and interest are reported as your child's income. Unless your child has substantial income from other sources, such as interest income, usually he won't even meet the threshold for reporting income to be taxed. So the bonuses would escape taxation. I didn't realize that until income tax time last year and made all our referrals off dh's account. However, I'm trying to "top off" dh's account because I understand that if you use all 25 referrals in one account you get some sort of bonus for that. It remains to be seen what! Anyone with any questions, feel free to send me a pm! Happy savings!:smooth: :smooth: :smooth: