05.13.09 | Why I Converted to an ING Checking Account
With a federally charted pedigree firm in hand, and safeguards to ensure safety and privacy for their customers that would make ADT quiver with envy, it’s easy to overlook the extraordinary benefits ING extends to its valued customers.
Take ING’s world class checking account, which is one of the best in the market today. I converted at the end of last year, and got my old school Dad to see the light last month (read the blog post here). The only regret I have is that I didn’t do it sooner. Below I’ve listed the top 5 reasons ING checking accounts kick butt.
1. Earn Interest
That’s right. A checking account that earns interest. Depending on the amount you have in your checking account you may earn from 0.24% to 1.63%.
2. Overdraft Protection
I’ve been hit with a few $30.00 overdraft charges in my day, which made this benefit very appealing to me. ING doesn’t charge you a flat fee, provided you fall within your qualified protection line. Here is how it works: let’s say you have a $200 protection line and buy a computer for $800, while only having $650 in your account. The $150 will be pulled from your protection line and then you will pay interest (based on the ING Prime rate) on that $150 until your next deposit is made. Pretty sweet deal. We all make mistakes, but it’s good to know with ING it won’t cost you a steak dinner.
3. Free Bill Pay
Say goodbye to paper bills and checks. Bill Pay works like a wire transfer. If the business you want to send payments to is set up with the popular Bill Pay banking system ING will simply transfer money electronically to that business. You can expect payment to arrive within 3-5 business days.
4. Send Paper Checks
Writing out checks from home, putting a stamp on the envelope (stamps just went up to 44 cents by the way), and mailing them out is so archaic. If the business you want to send payments too is not set up with Bill Pay this is your next best option. It works just like a paper checkbook, only you are writing them online and it doesn’t cost you a dime. The check is then sent out first-class the next business day.
5. Free ATM
You can access your cash for free at over 35,000 Allpointâ„¢ ATM’s nationwide. Allpointâ„¢ is America’s largest Surcharge-Free ATM Network and is located in all 50 states.
So if your aim is to save time each month, while keeping more money in your pocket, your search is over. The ING checking account is the perfect fit for you. The proof is right there in the pudding. And the pudding tastes oh so good.
Open a FREE ING Checking Account Now!
Scholarshippoints.com members can enter the code INGFORME for 15 mouth watering points to apply toward monthly scholarships ranging from $500 to $10,000!!!
The Student Credit Blog is sponsored in part by:
An interest bearing checking account is a great idea.
May 13th, 2009 | #
OK… don’t really understand
May 13th, 2009 | #
I love free Bill Pay!!!!!!
May 13th, 2009 | #
This checking account sound good.gr
May 13th, 2009 | #
I have an ING account and I LOVE it! I opened my account about a year ago when I saw a blog about it on this site and I’m so glad I did. The interest rate has gone down significantly in the last year, but it’s still much higher than my other savings account!
May 13th, 2009 | #
This sounds great. A big thanks to Scholarship Points for posting such valuable ingormation
May 13th, 2009 | #
I have a checking account and its very, useful. I also use the online bill pay as well.
May 15th, 2009 | #
This is all very good information. I have a checking account, and it has recently become very useful, especially with my job.
May 17th, 2009 | #
I have an account at Citibank, and it offers all the same features that the ING Checking account offers. Don’t get me wrong, ING is a great alternative, but I believe that Citibank is much more convenient for me, especially those in the tri-state area. BTW I’m glad to see information like this posted online, I feel that I am alone in terms of my financial education at the age of 20 in comparison to my peers. Now if you could offer investment information, this would definitely help other college students plan ahead for the future.
May 21st, 2009 | #
This sound really good. I’ll have to look into that.
May 22nd, 2009 | #
Sounds good!
May 22nd, 2009 | #
Sounds great!
May 22nd, 2009 | #
This information is very useful. Thanks for the insight.
May 22nd, 2009 | #
great information
May 22nd, 2009 | #
Sounds good to me!
May 24th, 2009 | #
Sounds good
May 24th, 2009 | #
This sounds really great. Very interesting.
May 25th, 2009 | #
Exciting
May 25th, 2009 | #
I will be considering this seriously.
May 25th, 2009 | #
very interesting.
May 25th, 2009 | #
This sounds very good for students
May 25th, 2009 | #
Sounds interesting…thanks!
May 26th, 2009 | #
Cool
May 26th, 2009 | #
a little confusing
May 26th, 2009 | #
sweet
May 29th, 2009 | #
Cool great information
June 2nd, 2009 | #
my sister and brother-in-law use ING.
June 3rd, 2009 | #
wide access and cool features
June 6th, 2009 | #
I love the interest bearing checking account and I am all for saveing money any way I can. What about savings accounts and investments?
June 9th, 2009 | #
I like that I can do my banking from anywhere at anytime
June 9th, 2009 | #
it is truly amazing
June 9th, 2009 | #
ING is an awesome bank. I was a member when I lived in The Netherlands. Always had the best rates, service and the customer service was very helpful rather than dismissive.
June 10th, 2009 | #
Jeeze, that bill pay and online paper checking bit rocks. Can’t even begin to say how many times I’ve gone to pay a bill and been all “Honey, where’s the check book?” Plus, buying checks can be a pricey venture all in itself. Definitely gotta talk to my other half about this when he comes home…
June 10th, 2009 | #
My friend uses ING & thinks it’s great.
June 10th, 2009 | #
I love free ATM’S
June 11th, 2009 | #
i will have to check into it
June 12th, 2009 | #
Interest on a checking account sounds nice.
June 14th, 2009 | #
ATM’s the only way to go….
June 14th, 2009 | #
The overdraft protection is sweet! Better than a flat rate each time you ooppss!
June 19th, 2009 | #
i agree…………….ATM is THE only way to go :0)
June 27th, 2009 | #
Awesome!
June 29th, 2009 | #
This information is very useful and I am glad to have stumbled upon it. When I consider changing my financial keepings I will definetly consider something such as this.
July 9th, 2009 | #
very useful information, thank you to this helpful website for directing me to all of these informative places!!
July 9th, 2009 | #
Good article.
July 10th, 2009 | #
Gotta save the trees! I hate paper bills =)
July 10th, 2009 | #
Gotta save the trees! I love non-paper bills =)
July 10th, 2009 | #
ING is great because of their customer service!!! When I opened my account with them they gave me $50 to say thank you!
July 12th, 2009 | #
cooollllllll!!!!!!!!!!!
July 16th, 2009 | #
Sounds interesting! I’ll have to check it out
July 22nd, 2009 | #
sounds the same as everyone elsee these days, except the bank i’m with doesnt have any overdraft charges, they just take it from my savings as long as i dont do it more than three times a month
July 26th, 2009 | #
very interesting, I’ll definitely check into that!
July 30th, 2009 | #
I have checked them out already. I am comparing rates currently before I put my money in.
August 3rd, 2009 | #
Will definetly check it out
August 7th, 2009 | #
That was very interesting
August 14th, 2009 | #
I think I might have to open one up soon
August 15th, 2009 | #
Online checking account were checks are mailed directly to companies for free saves time and stamp money!
August 15th, 2009 | #
This is pretty cool information. I might check deeper into it.
August 22nd, 2009 | #
cool ill check it out tooo
August 31st, 2009 | #
ING has a pretty good track record! I may have to switch my checking account – again!
September 15th, 2009 | #
That’s pretty useful..
October 2nd, 2009 | #
Sound aight to me…
October 6th, 2009 | #
I have a checking account but very little money in it…
October 14th, 2009 | #
Interest Checking is a good way yo providing there are no hidden charges
October 19th, 2009 | #
Cool…. I’ll look into ING….sounds really useful
October 21st, 2009 | #
[...] I should have had an overdraft protection plan. Had I been using my ING debit card instead of my Citi I would have saved myself a lot of money. ING doesn’t charge you a flat overdraft fee, provided you fall within your qualified protection line. Here is how it works: If I was extended a $100 protection line, which I was, and made some purchases totaling $26, while only having $16 in your account the $10 bucks would be pulled from your protection line and then you just pay interest (based on the ING Prime rate) on that $10 until your next deposit is made. Pretty sweet deal. For more on ING checking accounts (click here). [...]
October 22nd, 2009 | #
it seems almost all banks charge for atm withdrawls these days, what a great benefit.
October 26th, 2009 | #
No money in my checking account I alway check my account before I get money out I donot write many check
October 26th, 2009 | #
I agree! I need one! lol
October 28th, 2009 | #