asdf9876 said:...Like I said I hope this description is inaccurate.Nope, it's accurate. When you click on the link, it asks for your routing and account numbers (to confirm that the sender got it right and that you are the intended recepient).Did I ever say ING fan boys like you shouldn't use this account? NoI'm not a fanboy and I have almost no money in there. But I keep it around because Presidential still counts my ING deposits as direct deposit

Yes and yes. You get an extra tab between "Transfer Money" and "eStatements".

Lookie here.

weird...I get this after logging in and then using the link provided:

You do not have the correct account requirements for an Electric Orange.

scripta said:VivYip said:weird...I get this after logging in and then using the link provided:You do not have the correct account requirements for an Electric Orange.Guess you have to wait for the email.

Guess I don't fit in the "active" catagory. ^_^ Guess I'll wait until February. ^_^

>>You do not have the correct account requirements for an Electric Orange.

Same here, guess I'll wait 'till February. Perhaps they'll run some referral promos by then just like they do with the savings accounts.

timothy86 said:Why is interest on the checking going to be up to 5.3%???

That means higher interest on checking than savings for some people with lots of money in checking. You wouldn't even need the ING savings account if you kept a high amount of cash in them.

You will need a balance level of $100,000 plus to get the 5.3% you won't get it at low balance levels...just the 3%

I was curious to see if I got the invite so I tried to log onto my account but could not since I forgot the 2 security questions. Had not used account in awhile and only had $30 in it. So I called CSR to get into my account and CSR informed me I was invited. Was surprised I was but guess because I have had ING since they first started and use to keep large amounts with them they offered it. I plan on opening on Monday and learned something else from her. I thought my minor child was a beneficiary on the account but she said it is considered a joint account so I could have up to $200k in FDIC. Thought banks did not allow joint with minors? I am happy to go back to ING, other than the rate they are a great bank

"Introducing Electric Orange! With a great rate, free ATM access at over 32,000 locations nationwide and free online payments, it's the checking account you'd expect from ING DIRECT. Learn more."

Does anyone know if the ACH transfers on this account are faster than the standard speed for ING savings?

It seems appropriate that a checking account should have faster transfers.

scott1961 said:makeinu said:Does anyone know if the ACH transfers on this account are faster than the standard speed for ING savings?

It seems appropriate that a checking account should have faster transfers.
I doubt it, The CSR I talked to tried to get me to open up account today but I told her I did not want my funding money disappearing over the weekend with their 3 day transfers. She agreed with me that it would be best to wait till Monday. I think I will open today with just a small amount then transfer over the rest Monday

With a routing number and account number (these are "real" checks, right?) shouldn't it be trivial to do lightning fast (same day, no interest lost) transfers from the likes of GMAC, et al?

Has ING stated that they will block external ACH pushes into/pulls out of ING?

I've done pushes from GMAC into E-Loan and I've lost 0 days of interest. Perhaps ING has a different policy for calculating interst but at most I would think it would be one day (i.e. comes in on Monday and Tuesday starts earning interst). Because it was a "push" into ING the funds are guaranteed, if I understand ACH correctly unlike a ING pull into checking which they would have no idea if the funds are really there in the other account.

A little something to know before opening. I just started the opening process with a small amount and noticed they give you a overdraft line of credit, That made think they will do a hard pull so I read their terms and conditions and saw they will

Initial Deposit:
From:
Overdraft Line of Credit:
This helps cover you if your balance ever goes below $0.00. By applying for Electric Orange, you're asking us to establish this Overdraft Line of Credit for you.

From their terms and conditions
CREDIT REPORTS – You agree that in connection with your application for EO and the OLOC, the Bank may obtain credit information about you from one or more credit reporting agencies. You also agree that the Bank can obtain follow-up credit reports on you in connection with the maintenance, review or collection of your EO and/or OLOC.