Watch ING Direct – Apr. 18, 2008

Here’s another one. Anyone dealing with ING Direct take note.

Don’t transfer your account to CIBC.

– below is from Jim Sinclair’s WWW.jsmineset.com

It appears that ING Direct banking services is making specific changes to their user agreement for Web-based Savings and Certificate of Deposit accounts. Up to this point in time you could make an Electronic Funds Transfer to and from your account, in any amount, to a checking account you previously specified. The changes effective on 5/14/08 are striking. They specifically state that they “may” allow you to transfer your funds on your web-based account to other accounts they approve of in amounts they approve of!
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Disclaimer: I’m not an investment advisor and these articles are for commentary only. For specific advice you should consult your own investment professional. – Gerold

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About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I'm back in stocks. I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.

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