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Doe ING Direct require direct deposit to set up a savings account?
Wiki User
∙ 12y ago
ING Direct requires you to set up direct deposit to set up a savings account when affillating with their banking institution. From a financial stand point they feel you can move your money more effiently and allow withdrawls and deposits to be carried out within 3 to 4 days.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoING Direct doesn't state that it needs a direct deposit to set up a savings account so it most likely doesn't need one to be opened because it would be mentioned otherwise.
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Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
How do you transfer money into the ing direct account?
You can transfer money into the ing direct account by set up an automatic savings plan, direct deposit, deposit by cash and/or check. With all this being said you also have to include your account number in the process.
What are the different types of banking transactions available?
Each bank will differ in what they have to offer customers but most offer online banking, bill pay, automatic bill pay, account transfers, direct deposit and redirected savings accounts that automatically deposit a percentage of each direct deposit to a savings account.
Can you put a direct deposit down on a home?
"You will, in fact, need to provide some type of deposit down on a home you intend to purchase and the monies usually need to be in an easily accessible account, such as a checking or savings account, a 401k account or a bond."
What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
How do you transfer money into the ing direct account?
You can transfer money into the ing direct account by set up an automatic savings plan, direct deposit, deposit by cash and/or check. With all this being said you also have to include your account number in the process.
What are the different types of banking transactions available?
Each bank will differ in what they have to offer customers but most offer online banking, bill pay, automatic bill pay, account transfers, direct deposit and redirected savings accounts that automatically deposit a percentage of each direct deposit to a savings account.
What are the different types of deposit account?
The most common and basic types of deposit accounts are checking and savings accounts. These are both used to deposit money into if your place of work has direct deposit.
How long does it take to get into a direct deposit of your savings account once they process the information?
1-5 biussness days for the bank to clear it
Can you put a direct deposit down on a home?
"You will, in fact, need to provide some type of deposit down on a home you intend to purchase and the monies usually need to be in an easily accessible account, such as a checking or savings account, a 401k account or a bond."
What distinguishes a direct savings account from a standard account?
A direct saving account is very similar to a standard account. One of the differentiating features is that a direct savings account has a higher interest rate.
What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
What in the world are orange savings?
Orange Savings Account is a service provided by ING Direct. It is an online savings account with no fees and no minimum balance. It allows you to keep your original checking account and link it with your ING Direct account.
How do you change my social security direct depositchange direct deposit?
See this link from Social Security's Frequently Asked Questions (FAQ) page: http://www.ssa.gov/deposit/DDFAQ898.htmHere is the relevant portion:After I sign up for direct deposit, do I have to stay with the same bank? No, you can use direct deposit at any federally insured bank, savings and loan or credit union. If you move your account, call Social Security's toll-free number, 1-800-772-1213 (TTY 1-800-325-0778), and a Social Security representative will change your direct deposit information. Open the new account and make sure your deposits are going to the new bank, savings and loan or credit union before you close the old account.
Can I get a direct deposit even if my account got closed?
no you have to have an open account
Can you direct deposit to someone elses bank account?
Yes you can!! If you are trying to deposit into someone elses account, fill out your direct deposit form and provide their Bank ABA (routing number) and Account number. Direct Deposit is an ACH transaction. All you need for ACH transactions are the ABA and Acct numbers.
