Brick and Mortar Bank Myths
JimIn the last few years, I’ve reviewed several online banks from the gray beard ING Direct to the more recent Ally Bank and Sallie Mae. With each review, there invariably are commenters who are...
View ArticleGrand Plan: How to Make $1000 Risk Free
JimHow would you like to make $1000 risk free starting with just $1? It sounds too good to be true right? It sounds like a scam? Well, 99.999% of the time it’s a scam. This is that 0.001% time it isn’t...
View ArticleA Money Rebuilding Year
JimIn every professional sport, there’s a concept of a “rebuilding year.” These are the years where the team is working on drafting good prospects, building up their young talent, and crafting a...
View ArticleING Direct Electric Orange Overdraft Line of Credit
JimLast year, banks collected nearly $40 billion in overdraft fees, most of it coming from about 10% of its customers. Forty billion. While some of this will be curtailed with the recent CARD Act and...
View ArticleOverdraft Fees at Online Banks
JimLast week, I wrote about how ING Direct and Everbank offered overdraft protection by way of a line of credit, rather than socking you with overdraft fees. I commented, off the cuff and without doing...
View ArticleCD Early Withdrawal Penalties
JimNot all CD early withdrawal penalties are created equal. I’ve long assumed that the standard penalty schedule of 3-months and 6-months was ubiquitous but with recent news that Ally Bank charges a...
View ArticleNew ING Direct Electric Orange Checking Promo Code
JimING Direct has been working hard to promote their checking accounts and their sweet $50 checking account bonus has returned once again. The promotion is very simple, just go to the Electric Orange...
View ArticleING Direct Debit Card 1% Cashback Promotion
JimING Direct is offering a 1% cashback promotion on their Electric Orange debit card for purchases under $50 from now until November 30th. This applies to the card even if you use it as a credit card...
View ArticleLeast Evil Banks
JimI think it’s always dangerous when you start assigning “feelings” to financial institutions. While I realize that CNN Money just wanted to throw “evil” out there to sensationalize a bit, I think...
View ArticleAlly Bank Buying ING Direct?
JimWhile I was on the Amtrak train to New York for a business meeting yesterday, I tweeted news that Ally Financial was in talks to buy ING Direct. It’s still very early in the process but the news...
View ArticleWhat Happens If Ally Bank Buys ING Direct?
JimLast week, there was news about Ally Bank in talks to buy ING Direct. It would be a marriage of my two favorite online banks*. The biggest question I had, as a customer of both, is what should I...
View ArticleING Direct Offers Read Only PIN Access for Aggregators
JimI’ve long been a customer and fan of ING Direct. They were one of the first online banks that offered a high yield savings rate worth worth talking about and they coupled it with the most functional...
View ArticleING Direct Offers Kids Savings Account
JimING Direct has started offering Orange4Kids, a kid’s version of their online savings account. It’s pretty much everything you like about the Orange Savings Account except with training wheels. For...
View ArticleCapital One Buys ING Direct
JimThe news broke yesterday that Capital One would be the happy recipient of the keys to a brand new ING Direct. Everyone knew that ING Direct was up for sale, the ING Groep was required to sell it,...
View Article$25 ING Direct/CapitalOne 360 Signup Referral Promotion Bonus (Active Links)
JimIf you’re looking for a referral to ING Direct (now known as CapitalOne 360) to earn the $25 referral bonus, you are at the right place! Welcome to the self-service $25 ING Direct/CapitalOne 360...
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