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No. of Recommendations: 1
>>I would highly recommend AGAINST putting your e-fund of $1,000 to an online bank such as ING or EmigrantDirect. The purpose of that $1,000 is so you can access it IMMEDIATELY in a true emergency. With ING or Emigrant, you'll be waiting 2-3 business days to get to it.<<

I personally have my e-fund in Emigrant. My thoughts were that if I had an emergency, I would pull out one of my many empty credit cards and charge whatever it was, and then I could initiate the transfer of money to checking and after the 2-3 days I could have the cash to pay off my credit card in a week, before I got charged any interest. I think there's a rare emergency that I would need actual cash - today - for.
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