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My plan had been to move the RMD from an inherited IRA to ING Direct for monthly dispersal to our checking.

I guess I don't understand. You're moving money from the IRA each month to the ING then almost immediately moving it to your checking account?

Why would you want to bother, anyway? I can't imagine that a few days interest would be that big a deal, so the ING would be offering you no advantage.

The ING is a savings account - hence the regulatory requirement of less than 6 withdrawals each month.

As Fuskie said, this is meant to be used for long term funds that you want to keep safe. It's not a transaction account.

I think the direct ACH from Vanguard to your checking account makes sense for what you're trying to do.

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