Bye-bye ING

[bkelly65us]

Anyone else an ING account holder? I have an account I use, like so many of the folks here, to save for future Disney trips. I was reading an article on The Consumerist that Capital One is going to purchase them for $9 billion. No way I'll let those fee-happy 'barbarians' anywhere near my money.

Here's the article for anyone that's interested: http://consumerist.com/2011/06/report-capital-one-to-buy-ing-direct-for-9-billion.html

 

[timmac]

Personally I haven't had much (any) troubles with Capital One, though I'm sure other's mileage has varied. That said, such a rant seems a bit cart-before-the-horse.

 

[nuke]

Thanks for that info. I'm done with them too.

 

[chicagoshannon]

Yikes! MIght have to take our money and run.

 

[PrincessSuzanne]

I have had Capital One for many years and never had one minutes trouble.

My mom had a couple of their cards and when she passed away, she had the protection plan, and every dime was covered, except for a few dollars interest, that they just wiped off for me. No hassle whatsoever.

Suzanne

 

[nunzia]

well..shoooot...I'll wait and see but think I'll start checking out what EverBank has to offer. OH..so there goes Sharebuilder too since ING bought them a few years ago???

 

[DisneyForLife]

I have an Ing account, a Capital one money market account, and a Capital one savings account. I have not had a problem with any of these accounts. I don't see a problem arising from ING being bought out but who knows.

 

[RachaelA]

As long as it stays the same, I could care less who owns it. I will switch if they start charging fees.

 

[cglaura]

Actually Capital One is rated one of the best for no fees. No minimum balance, no monthly service charge, pretty good rate, relatively speaking (higher than ING right now at least).

For their checking/savings anyway. I don't deal with them in credit.

 

[ClarabelleCowFan]

Ugh. Capital One has horrible customer service if you ever have a problem.

My elderly mother had her identity stolen and the thief opened many accounts including a Capital One account in her name and charged thousands of dollars in online purchases that were delivered to another city. Even with a police report in hand, Capital One REFUSED to stop billing my Mom for the account and even put the negative information when she refused to pay the bill on her credit. In her entire life it was the ONLY negative item on her credit report. She disputed it with the credit agencies but the account remained on there.

Every other creditor immediately closed the accounts and wiped them clean - they never billed my Mom again and there was never a mention of any of those accounts on her credit.

I'll be moving my 3 ING accounts when Capital One takes over.

 

[karice2]

For what it's worth, Capital One doesn't charge foreign exchange fees when traveling. I am quite happy with them for that fact.

 

[pk1959]

Guess we will have to wait and see what happens. I JUST opened a ShareBuilder account a week or so ago. Haven't even made my first trade yet until the 28th. I had been wanting to start one, and when they offered the $50 bonus after your first trade, I decided to jump on the bandwagon. Now this. If there are a bunch of fees or the rates really go to pot, I know I will be a goner.

 

[disneysnowflake]

I'm going to wait and see.
Hopefully things won't change at all. I really like ING.

 

[beansmom]

For what it's worth, Capital One doesn't charge foreign exchange fees when traveling. I am quite happy with them for that fact.

that's why we have CapOne...saved us a ton while traveling overseas. Every other card charged 2-3% on all foreign purchases.

 

[JB2K]

Anyone else an ING account holder? I have an account I use, like so many of the folks here, to save for future Disney trips. I was reading an article on The Consumerist that Capital One is going to purchase them for $9 billion. No way I'll let those fee-happy 'barbarians' anywhere near my money.

Here's the article for anyone that's interested: http://consumerist.com/2011/06/report-capital-one-to-buy-ing-direct-for-9-billion.html

OP - first off "The Consumerist" is not what I would consider to be a credible source for much of anything (even though Consumer Reports is the new owner of the website), as they made their name/reputation by bashing big business, in general.

Secondly, despite your "barbarian" blurb, it was ING who put themselves up for sale. The current regulatory climate in Washington as it pertains to the banking industry has made many banks owned by foreign entities have a change of heart (I hear RBC, a Canadian bank, is looking to sell their network of branches in the SE U.S.).

Thirdly, are your criticisms of Capital One based on a credit card you once held with them? It should be noted for those who don't know that Cap One has maintained a similar banking product for many years. And most recently, they have made the jump to everyday branch banking in places like Texas and NY/NJ.

Know your facts...

 

[wdwnomad]

OP - Secondly, despite your "barbarian" blurb, it was ING who put themselves up for sale. The current regulatory climate in Washington as it pertains to the banking industry has made many banks owned by foreign entities have a change of heart (I hear RBC, a Canadian bank, is looking to sell their network of branches in the SE U.S.).

Know your facts...

Actually, the regulatory climate in Washington has nothing to with the sale of ING Direct. It was the European Commision who are forcing the sale of the the US operations of the ING Groep NV. They had to do this in order recieve bailout funds from the Dutch government.

Just stating the facts...

 

[JB2K]

Actually, the regulatory climate in Washington has nothing to with the sale of ING Direct. It was the European Commision who are forcing the sale of the the US operations of the ING Groep NV. They had to do this in order recieve bailout funds from the Dutch government.

Just stating the facts...

I stand corrected (as I read that after the fact).

But, still, the banking industry, as a whole, has a lot of issues in this country.