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URL:  https://boards.fool.com/jrr7-you-wrote-if-you-open-an-account-with-ing-17571064.aspx

Subject:  Re: Interest Rates, Teasers and Large Corporatio Date:  7/24/2002  8:42 PM
Author:  joelcorley Number:  17310 of 24357

jrr7,

You wrote, If you open an account with ING you can call them up and get the routing number and account number (even though you don't have checks). MBNA lets you pay your bill online; you just have to enter your numbers. So you could pay your bill directly from ING without going through your checking account.

Really?!

I thought an ING Orange account was like a passbook account. I don't know of any (other) institution that will honor an ACH request on a passbook account.

Of course, it would really make sense if ING honors external ACH requests. After all, ING uses internally generated ACH transfers to shuttle funds to and from my CU checking account.

I'll give their CSRs a call.

BTW: It occurred to me that there's another reason not to send the funds to ING if I plan to send them elsewhere. ING has a fairly long holding period on newly deposited funds, even if they were transferred by ACH. That's never been a consideration in the past; but I could easily run afoul of that restriction here.

In fact, that reminds me -- I should call my CU tomorrow to make sure there isn't a hold on these funds before I initiate an out-bound transfer.

Thanks,
- Joel
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