Comments on: ING to Sell Online Bank ING Direct By 2013 http://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 17 Mar 2010 06:16:26 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: harmhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199714 harm Thu, 29 Oct 2009 20:57:12 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199714 I don't know how much of an "unmitigated success" ING has been, if they required a bailout... maybe Netbank would still be around if someone had given THEM 14 Bil. I don’t know how much of an “unmitigated success” ING has been, if they required a bailout… maybe Netbank would still be around if someone had given THEM 14 Bil.

]]> By: ctreithttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199701 ctreit Thu, 29 Oct 2009 10:17:50 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199701 Some of my savings are at ING Direct. But I am not worried about the changes that may come in 2013, at least not yet. I will cross that bridge when I get there. There are a bunch of internet banks out there. Maybe I will have deserted ING on my own by the time this deal goes through.Aside from the consequences for my personal savings, I think this request from the Dutch government is great. We should do the same. We have too many banks that are too big too fail. We made some of our banks even bigger. Now we have fewer banks that are too big to fail, but they are way too big to fail now. How much sense does that make? Some of my savings are at ING Direct. But I am not worried about the changes that may come in 2013, at least not yet. I will cross that bridge when I get there. There are a bunch of internet banks out there. Maybe I will have deserted ING on my own by the time this deal goes through.

Aside from the consequences for my personal savings, I think this request from the Dutch government is great. We should do the same. We have too many banks that are too big too fail. We made some of our banks even bigger. Now we have fewer banks that are too big to fail, but they are way too big to fail now. How much sense does that make?

]]> By: Tom Dziubekhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199698 Tom Dziubek Thu, 29 Oct 2009 04:10:02 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199698 If Greg Grunberg's character ever gets killed off on Heroes, you'll know who to blame. If Greg Grunberg’s character ever gets killed off on Heroes, you’ll know who to blame.

]]> By: Erichttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199697 Eric Thu, 29 Oct 2009 03:31:30 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199697 LOL @ Tom. Stop interviewing these people! Curse!And please keep us updated Flexo. I love ING but if new management isn't up to par, I have no qualms moving. LOL @ Tom. Stop interviewing these people! Curse!

And please keep us updated Flexo. I love ING but if new management isn’t up to par, I have no qualms moving.

]]> By: Tom Dziubekhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199692 Tom Dziubek Wed, 28 Oct 2009 17:46:32 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199692 Geez, first Aaron Patzer with Mint and now possibly Jim Kelly from ING Direct. Pretty soon, no one's going to want to be interviewed by us anymore. We're becoming the <a href="http://en.wikipedia.org/wiki/Madden_curse#Madden_Curse" rel="nofollow">Madden Curse</a> of personal finance podcasts. LOL Geez, first Aaron Patzer with Mint and now possibly Jim Kelly from ING Direct. Pretty soon, no one’s going to want to be interviewed by us anymore. We’re becoming the Madden Curse of personal finance podcasts. LOL

]]> By: Evanhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199690 Evan Wed, 28 Oct 2009 17:11:08 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199690 Sorry Miguel I should have been clearer - I meant what are they going to be in the US Not worldwide. Sorry Miguel I should have been clearer – I meant what are they going to be in the US Not worldwide.

]]> By: Flexohttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199688 Flexo Wed, 28 Oct 2009 16:21:29 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199688 I *always* do that. I've corrected the post. I *always* do that. I’ve corrected the post.

]]> By: Miguelhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199687 Miguel Wed, 28 Oct 2009 15:47:20 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199687 Evan, ING is a "little" bit more than the ING direct in the US. In fact it is the eighth-largest company in the world... so I guess they will be made of a lot of things if they do sell their operations in the US. And Flexo, I know the dollar has been losing its compared to euro, but €10 million its still a little bit less than $14.9 billion... :) Evan, ING is a “little” bit more than the ING direct in the US. In fact it is the eighth-largest company in the world… so I guess they will be made of a lot of things if they do sell their operations in the US.
And Flexo, I know the dollar has been losing its compared to euro, but €10 million its still a little bit less than $14.9 billion… :)

]]> By: Evanhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199686 Evan Wed, 28 Oct 2009 15:24:21 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199686 Flexo,I bet the interest rates would rise, only because the purchaser would fear the mass exodous of cash (a la WaMu). That being said, I don't understand the sale of this arm of their business - what is ING going to keep just their brokerage arm?What will ING be made of without their direct banking? It seems like it be the equivilent of Merck selling their pharma arm? Flexo,

I bet the interest rates would rise, only because the purchaser would fear the mass exodous of cash (a la WaMu). That being said, I don’t understand the sale of this arm of their business – what is ING going to keep just their brokerage arm?

What will ING be made of without their direct banking? It seems like it be the equivilent of Merck selling their pharma arm?

]]> By: BobBobBobhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199685 BobBobBob Wed, 28 Oct 2009 15:12:30 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199685 I really love their automated billing...I hope someone good buys them. I'll leave if I need to, but I hope I won't have to. I really love their automated billing…I hope someone good buys them. I’ll leave if I need to, but I hope I won’t have to.

]]> By: Derekhttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199681 Derek Wed, 28 Oct 2009 14:26:22 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199681 "ING Group received a taxpayer bailout of €10 million ($14.9 billion) and the..."Has the dollar fallen that much? “ING Group received a taxpayer bailout of €10 million ($14.9 billion) and the…”

Has the dollar fallen that much?

]]> By: Rosshttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199680 Ross Wed, 28 Oct 2009 14:07:16 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199680 Ohhhh crap... they were literally the best customer service department I have ever dealt with in any industry. And the website is up there too. The lack of overdraft fees is what seals the deal for me. The day that goes away, I'm off to a better rate as well. Ohhhh crap… they were literally the best customer service department I have ever dealt with in any industry. And the website is up there too. The lack of overdraft fees is what seals the deal for me. The day that goes away, I’m off to a better rate as well.

]]> By: Joshuahttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199679 Joshua Wed, 28 Oct 2009 13:36:51 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199679 How sad...I really loved that bank. How sad…I really loved that bank.

]]> By: Ian Phttp://www.consumerismcommentary.com/2009/10/28/ing-to-sell-online-bank-ing-direct/#comment-199678 Ian P Wed, 28 Oct 2009 13:29:37 +0000 http://www.consumerismcommentary.com/?p=7513#comment-199678 I switched to ING last year after Wamu got bought by Chase. My local WaMu branch had a great staff, but things changed when they went to Chase. I hope Chase doesn't buy ING. The WaMu to Chase transition is a good example of one company focused on customer service being bought out by another company focused on fees. I switched to ING last year after Wamu got bought by Chase. My local WaMu branch had a great staff, but things changed when they went to Chase. I hope Chase doesn’t buy ING. The WaMu to Chase transition is a good example of one company focused on customer service being bought out by another company focused on fees.

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