Comments on: Coming soon: ING Chequing Accounts

By: dlm

dlm — Wed, 17 Mar 2010 20:10:15 +0000

Canadian Western Bank also offers absolutely free chequing and has downtown branches (and has good rates Jan-Feb for RRSP as well as scratch-and-earn extra 1/8-3% interest on RRSPs)
and has real live people answer their phones. I tried calling the big banks to check on rates but gave up — the phones were too frustrating.

By: Sandy

Sandy — Wed, 17 Mar 2010 18:10:22 +0000

You can get a free checking account with RBC, if you have 2 other products, I got a credit card and opened a TFSA and put in a few dollars.

By: dj

dj — Sat, 13 Mar 2010 03:33:01 +0000

ING-USA is a real bank……ing canada is a joke

By: Book Review: You’re Broke Because You Want to Be | Balance Junkie

Book Review: You’re Broke Because You Want to Be | Balance Junkie — Fri, 12 Mar 2010 10:43:44 +0000

[...] think it’s available in all parts of Canada. Canadian Capitalist recently wrote that chequing accounts from ING Direct may be coming soon, so keep [...]

By: Harry

Harry — Fri, 12 Mar 2010 02:33:32 +0000

Like Aleks says, if you live in BC, then Coast Capital Savings offer the best chequing account going ie: Free – this applies to their small business accounts too…

By: Gabe

Gabe — Thu, 11 Mar 2010 04:36:43 +0000

Sounds good except for the cheques … sometimes only cheques will do … I have to write 12 monthly cheques in ADVANCE for my daughter’s lessons so to rely on ING to mail the cheques won’t do.

My wild guess the reason it’s called a “chequing account” is because people can write cheques when they need to..

By: Aleks

Aleks — Wed, 10 Mar 2010 23:09:30 +0000

I pay my rent with a cheque, so it would be too much of a hassle to switch to ING chequing. However, I also already have free chequing from Coast Capital credit union.

By: Canadian Capitalist

Canadian Capitalist — Wed, 10 Mar 2010 16:50:47 +0000

@brad: I believe you are referring to reports that said that, IIRC, ING Group was planning on selling some of the ING Direct properties around the world. Not sure if ING Direct Canada was among the properties that was considered for sale. But it never went past the rumour stage.

ING did sell its stake in what is now Intact Insurance. That turned out to be a bit of a distress sale and those who purchased ING’s stake have made out well.

By: Lior

Lior — Wed, 10 Mar 2010 16:25:41 +0000

This has been in development for some time. We have regular meetings with ING Broker Team and they reveal the program to us last year.

Some ING employees have apparently been the guinea pigs (sic) for this program and from what I’ve told it’s going to be a great alternative to what’s currently out there (probably referring PCF). In addition, people who have existing accounts with ING would be able to seamlessly transfer funds to and from their accounts.

Brad: The only unit ING sold in Canada is their insurance arm, which is now known as Intact. The direct banking unit is definitely not up for sale. I haven’t heard anything about them closing US units.

By: brad

brad — Wed, 10 Mar 2010 16:11:22 +0000

Speaking of ING, I read somewhere that they are selling their US operation, is that true? Is there any similar move afoot for their Canadian business? That would be worrying.