Savings account that does not allow ACHs!

heaven, deposit only? What if YOU want money? ATM card included? Just no ACH withdrawls allowed?

The account does not allow for ANY ach. Not merchant, not account holder. No debit card issued. To access funds, you must conduct business in person, at a branch.
This product could work for someone who doesnt want to keep their $ under their mattress. Granted, may be an inconvenience to always do business in person, but then again it would keep predators from getting your $

I think quite a few banks are doing this now. I know that is one thing payday loan companies will check, to make sure your account allows ACH's.

So any "future" pdls you apply for will be rejected since your bank will not allow ACH debits? LOL! Oh, wouldn't that just be a shame? Now this account sounds good if you don't mind not having access to your money unless the bank was open and you can go personally. Heaven, thank you for posting this!

And they don't use chexsystems either



ING DIRECT



Email:

Dear Mary,

We use a variety of methods in verifying our new customers.
Most frequently, will will do a "soft" credit inquiry which does not reflect in any credit report.

If you have any further questions, give us a call 1-888-ING-0727. For your convenience, we are available from 7am-Midnight EST 7 days a week.

Thanks for your interest in ING DIRECT,

Brad
ING DIRECT
Member FDIC

Special Note:

Anyone with a savings account can get a checking account called Electric Orange ( everyone will be invited to get this account by March 1, 2007 )

For Surcharge-free ATMs ..go to allpointnetwork.com and see if there is one near you.