ING Closing My Account

February 23rd, 2007

I got this email today from ING Direct that caught me by surprise:

When you opened your Orange Savings Account, we wanted to help lead you on the path to savings. Since your Orange Savings Account has had little or no activity for the last 6 months, we are closing your account and returning any funds that were in your account.

We will make every effort to return your entire balance electronically to the linked checking account we have on file. If we’re unable to send it electronically, we will send your remaining balance via paper check.

Thank you.

The email looks legit. I may have overlooked some of the small print, but it seems strange to be forced out. I’ll see what happens over the next few weeks with my account and my money. If the account closes, it won’t be a big deal. I do most of my activity with HSBC Direct and am satisfied, plus this may allow me to profit from an “open new account” offer from ING in the future.

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Entry Filed under: Banking

2 Comments Add your own

1. &hellip | February 26th, 2007 at 6:52 am

Sorry to hear about that. This is a surprise. I heard about ING Direct closing accounts due to too many service calls, but I did not know they did that due to inactivity.

Still, if the email is indeed legit, you won’t be hard-pressed to find an online savings account replacement these days.
2. &hellip | March 16th, 2007 at 6:45 am

what was your balance? i have several promo accounts opened, which i hope they will send me these inactive messages to close them. if you want to keep them open, just do the minimum transfer in and out of the account. i think some require a min. of $10 for ACH. do it like every three months, and you’ll be fine.

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