Capital One buying ING Direct

**jeffysdad** · Jun 16, 11, 4:38 pm

I've been an ING Direct customer for about six years, checking and savings, and I've really loved this bank. I knew the U.S. business would be spun off as part of the deal behind the EU bailout of ING; however, I'm bummed that it's CapOne that's buying them. Any other ING customers disappointed?

**dfm990** · Jun 16, 11, 9:09 pm

Yea I just read that this will make Capital One from being the eighth-largest U.S. bank measured by deposits to the fifth largest just below Citigroup. What exactly does that mean for a Capital One credit card user?

**jeffysdad** · Jun 17, 11, 5:46 am

Shouldn't mean anything for CapOne CC users. I always wished that ING Direct had offered a Visa or MC. Now that they're being merged into a CC-focused bank that takes care of that, but not in the way that I had hoped. ING Direct has been a great bank. They did a terrific job branding themselves. I read that the ING brand will stay for a year during the integration. I'll be sad to see it go.

**dfm990** · Jun 17, 11, 9:06 am

ooh yea i could understand your disapointment

**Mogul of Pineapples** · Jun 26, 11, 7:25 pm

Originally Posted by jeffysdad

I read that the ING brand will stay for a year during the integration. I'll be sad to see it go.

Agree. If I were Cap One I would keep the ING label. It's such a well known, strong brand for savings I believe it's better to market the savings accounts as ING vs. Capital One.

**MB131174** · Mar 5, 12, 1:56 pm

I'm an ING user myself. I have 1 checking and several savings accounts with ING. I have separate savings accounts for gifts, leisure travel, car insurance, general savings, etc. In all I think I have 6 or 7 savings accounts. I simply move a little money each pay day after my direct deposit hits to each account and when the money is needed its there! If ING is going to be fully merged into Cap One brand I'm going to be disappointed, and will look around for a new bank. Any ideas? Anyone use a bank that allows multiple and easy to use savings accounts the way I described?

**Celestine** · Mar 6, 12, 2:49 pm

Originally Posted by jeffysdad

I've been an ING Direct customer for about six years, checking and savings, and I've really loved this bank. I knew the U.S. business would be spun off as part of the deal behind the EU bailout of ING; however, I'm bummed that it's CapOne that's buying them. Any other ING customers disappointed?

I have been an ING Direct customer for around 7 years already. Received an email early February this year that Capital One bought ING Direct.

Right now, I am not disappointed but... I will get disappointed if my APY on my Orange Savings and IRA will get stripped down to Capital One's standards. I would find a better bank if that happens.

Hopefully, my Sharebuilder account won't suffer. Anyone knows if possible to transfer Sharebuilder investment portfolio from one broker to another without selling the stocks?

**Dylan1982** · Mar 6, 12, 5:59 pm

I have been with ING since 2007. I just wish their savings rate where what they were in 2007 at 5%. My work has their 401k through ING.. Wonder what that means?

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