FlyerTalk Forums - View Single Post - FDIC Shuts Down NetBank Due to Defaults
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Old Sep 28, 2007 | 10:42 pm
  #7  
Matt-KC
 
Join Date: Apr 2007
Programs: SPG Gold, Marriott Gold, Hyatt Platinum
Posts: 254
Originally Posted by midnightsun
So are we able to initiate a transfer to another bank account with no charge at this time, to get our money out?

Will we be able to just shut down the account if we don't want an ING account? I was planning on closing this account anyway.
Yes, you can transfer out with no issue...unless you have over $100,000 there in which case additional paperwork would be necessary.

Thanks to everyone for the banking lesson, never really delved into how banks structure themselves.

From what I have gotten from ING, they will obviously be taking over everything, but for the time being, account and routing numbers are not changing, meaning business as usual for most. If you have deposits to mail in, they should still be addressed to the same addresses and account references as before. Website is open again, but will not be transaction enabled until Sunday.
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