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A Quick Review of the ING Direct Orange Savings Account

The Orange Savings Account from ING Direct is an online savings account that has many attractive features. International Netherlands Group (ING) is noted for keeping its costs down which in turn enables it to offer a high Annual Percentage Yield (APY); currently it is 4.15%. Opening an account with ING Direct does not require account holders to have a minimum balance and there are no service charges.

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The facility of 24 x 7 internet and telephone banking offers flexibility to account holders. Account can be opened online, by telephone, or by mail. The verification process requires a validated bank account. This also helps for setting up a direct debit system for making regular payments to the online account. The ING Direct website has a detailed FAQ page that one should read before signing up for an account. Filling up the form for an account is a quick process and should one not have required documents at the time of application; the application can be saved for later submission.

Where can I get a direct deposit form Sign in to your prepaid account at //my.accountnowvisa.com and click Quick Start to access your personalized Direct Deposit form. How do I find my routing and account numbers Sign in to your prepaid account at //my.accountnowvisa.com and click Quick Start to access your personalized direct deposit form. Your routing and account numbers are on the form.

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A Welcome Pack and a PIN are sent by post to the account holder's address. Online banking with ING Direct is secure and safe. Logging in to an account requires entering the customer number, the PIN, and the password. ING Direct uses the banking-industry standard 128-bit SSL security. With ING Direct, one can split money into different accounts covering things such as house expenses and travel expenses. Money management becomes easier by having these split accounts. However, paperless transactions mean that record-keeping by maintaining a physical file of the transaction becomes difficult. Also, an account activity record in the case of a joint account does not mention the account holder. Account holders who have been with the bank for at least one quarter can view the details of their transactions on an online transaction statement.

To make a good business decision, Paul realizes that he must account for savings and costs in terms of both time and money.

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Money can be added to an ING Direct account by means of a check, D.D, or a direct debit from an existing account with another bank. One can also switch funds between ING accounts by using a simple point and click procedure on a very user friendly interface. A reversal of a direct debit from the ING Direct account can take up to 5 days. Since a transfer to another bank can take a minimum of three days; account holders need to plan their withdrawals from ING Direct.

WWAV Rapp Collins North has won the account for Allianz brand Premierline Direct following a review. Marketing Director Katie Aston oversaw the pitch, which involved several other undisclosed agencies. It is not known if incumbent, based Cipher Direct Marketing, was invited to repitch to the business. The review was called in October when the niche insurance brand revealed it would quadruple its overall marketing spend to £8m ahead of "aggressive" expansion plans in the UK. (MW October 26, 2006).

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Stanley McMahon recommends you visit OSAWatch for a more in-depth review of the ING Direct Orange savings account.

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Can I only pay by Direct Debit Yes. E4B only accept business customers who payment by Direct Debit Direct Debit is efficient, free, which helps us to keep our business electricity costs down and give your business great savings. Who currently supplies my electricity You can find this information on your most recent electricity bill or ask your letting agent or landlord. Alternatively, contact your regional electricity distribution company their phone number can be obtained from directory enquiries.

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