Comments on: Linking ING Direct and Emigrant Direct

By: Debbie M

Debbie M — Mon, 31 Mar 2008 14:09:24 +0000

Dang, when I tried to transfer something from Emigrant to ING, Emigrant showed no change to my account and ING showed a deposit, but then reversed it the next day with the comment “Reversal Reason: Linked Account not for ACH.”

By: Debbie M

Debbie M — Mon, 24 Mar 2008 14:01:08 +0000

Wow, thanks for this info, which I haven’t cared about until recently. This will come in VERY handy for me now that Emigrant isn’t always paying more than ING.

I also had trouble finding my routing number, but in the Account Details section, look near the top for where it says, “For information regarding Balance or Interest click here. To print a direct deposit slip click here.” The direct deposit slip shows the routing number.

By: Thomas Martin

Thomas Martin — Wed, 03 Oct 2007 06:03:02 +0000

Providing residential financing for homebuyers and homeowners in the state of Florida. We offer a wide range of programs included FHA, Conventional, sub prime and hard money loan placement of Good Credit and Bad credit loans.

By: moe

moe — Wed, 15 Mar 2006 22:35:43 +0000

has anyone had experience with closing an account at EmigrantDirect? I have been with them for 8 months and the interest is good, but their “customer service” people are a little gruff. How about their performance on transfers out?

By: lisalisa

lisalisa — Fri, 16 Dec 2005 15:26:36 +0000

I use bankrate.com to find the highest interest rates at the moment. Check this out:

http://www.bankrate.com/brm/ra.....amp;sort=2

(Notice how Emigrant is #13 while ING is at 24?? And I have both of them! Emigrant’s a pain in the azz but the higher APY is good.) I’m going to GMAC. I have a CD through them and they’re phenomenal.

By: Blaine Moore

Blaine Moore — Mon, 05 Dec 2005 14:10:00 +0000

Hmcfly, they can hold your money for 60 days; they don’t normally, and in most circumstances probably won’t.

By: Hmcfly

Hmcfly — Sat, 03 Dec 2005 08:24:34 +0000

What do you mean the Emigrant has a 60 day waiting period? Its say that you can have a withdraw in 5 days. I also have seen HSBC, I’m getting upset with Emigrant for it’s taking so long to open a account. I’m on my 3rd week were ING took 1 week.

By: Loi Tran

Loi Tran — Thu, 01 Dec 2005 02:23:22 +0000

Thanks, I was trying to find out what the routing number for Emigrant direct.

By: bigman

bigman — Wed, 30 Nov 2005 00:23:38 +0000

Which one has a shorter period to add/take out money

By: bitstreamer

bitstreamer — Tue, 22 Nov 2005 03:07:34 +0000

Unfortunately, you cannot do this electronically anymore. I linked my ING to my HSBC account a few days ago, and then tried to link the ING account to my Emigrant account a day later, but was unable to do so as the option was not in the “My Links” section anymore. I called ING customer support and they told me that they found a glitch in the system and disabled electronic account linking. You can only use physical checks now.

By: nickel

nickel — Fri, 18 Nov 2005 05:48:15 +0000

Sounds great. I’m looking forward to hearing about your experiences. Thanks!

By: Guest

Guest — Thu, 17 Nov 2005 21:16:33 +0000

Here is a little more info on HSBC Direct.
According to http://www.bankrate.com, HSBC has a 5 star rating and a 1 on Safe & Sound rating vs. Emigrant’s 3 Star rating and 3 on Safe & Sound rating.

Additionally, HSBC Direct only has a 7 day waiting period whereas Emigrant has a 60 day waiting period.

Both banks are paying 4% APY on their savings. Both offer electronic funds transfer. HSBC is a global bank with branch offices in just about every major city (although HSBCDirect withdrawls not currently available).

I’ve made a decision to not open an Emigrant direct account and open an HSBCDirect account. HSBC is a much safer and larger financial instituition with global reach. Emigrant is limited to New York and has quirky withdrawl provisions. I’ll post later on how smooth the process is opening an account.

By: coolgirl

coolgirl — Mon, 14 Nov 2005 18:18:55 +0000

It took me around 5 days to get my money from ING into Emigrant. And while the money disappeared from ING the very next day, it didnt appear in the Emigrant for another 4 days.
So where was my cash for 4 days? I did try calling Emigrant, but they were of no much help.
But the 4% interest was worth the experiment!

By: MrOpine

MrOpine — Mon, 14 Nov 2005 16:34:00 +0000

Does anyone have any experience with HSBC Direct? I saw an ad last night on TV, they are offering 4% on Savings (similar to Emigrant) but with no quirky 60 day withholding clause.

See link below
http://www.hsbcdirect.com/

There are some quirky provisions though:
The Bank has the right to ask you for seven days advance notice of withdrawal.

WAIVER OF TRIAL BY JURY
You and the Bank agree to waive the right to trial before a jury in any action for any claims that may arise from or relate to your deposit account including, but not limited to, contract, negligence, use, attorneys-in-fact, restraint, and execution

By: Blaine Moore

Blaine Moore — Mon, 14 Nov 2005 13:46:00 +0000

Oh well. We can’t use my fiancé’s account since the names won’t match on the account, so she will have to look into what options she has for online access to make it easier to transfer money.

By: gc

gc — Sat, 12 Nov 2005 15:05:51 +0000

Thanks for the information!

By: nickel

nickel — Fri, 11 Nov 2005 19:09:46 +0000

So it sounds like the only way of linking to ING from Emigrant, instead of the other way around, is to set it up that way to begin with (the initial enrollment is all electronic). If you wait, you can’t make the link, as ING Orange Savings accounts don’t have checks.

By: Dude

Dude — Fri, 11 Nov 2005 18:56:40 +0000

Does anyone know if ING/Emigrant accounts can be linked to offshore bank accounts say in Hong Kong, Panama or European countries?

By: SMB

SMB — Fri, 11 Nov 2005 18:40:04 +0000

You have to *mail them a check* from your other account, to act as an initial deposit. From their FAQ:

Can I have more than one checking account linked to my American Dream Savings Account?

At the present time, an individual may have 2 checking accounts linked to EmigrantDirect, including the checking account you used for your initial funding deposit. To add a second checking account you must mail in a check made out to EmigrantDirect for at least one dollar with your EmigrantDirect account number and the words “additional external account” on the Memo line. The name on the accounts must be the same. We can only accept your personal check as a second linked checking account. For your protection, EmigrantDirect places a temporary restriction on transfers to new linked accounts for up to 8 business days

By: nickel

nickel — Fri, 11 Nov 2005 14:40:40 +0000

Blaine: I’m not sure, but maybe someone else around here is.

By: Blaine Moore

Blaine Moore — Fri, 11 Nov 2005 14:16:40 +0000

I haven’t looked too deeply, but I have yet to find an obvious way of linking accounts through Emigrant Direct to an outside account. Do you know of how to do that?