Thread: ING Direct
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Old 12-21-2005, 12:53 AM
robinsons robinsons is offline
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Join Date: Jan 2005
Posts: 192
Default Re: ING Direct

kind of related to this...
I live in the UK, and currently keep most of my roll in neteller (account in $).
I'm thinking it would now be much easier for me to bypass neteller, and just set up an ING account linked to my bank. When I want to withdraw money, I just move it to party (via neteller) and then cash out from party to my bank (they seem to offer a better rate for this than cashing out via neteller).
I then move it to ING when it comes in to my bank.
When I want to deposit money back, I can do this via my bank card, and move the same amount from ING to my bank.

Couple of questions:
*) is party gonna be pissed about me depositing money from neteller (in $) then cashing it out via a different method (in £)? I do play on party quite a bit, but not 100% and the other sites I play on will only let me cash out to neteller.

*) obviously I'm gonna lose a bit on the exchange rate when moving money in and out, however I can't see any way to avoid this and at least it will be earning interest with ING which should more than make up for that.
If I keep a decent amount on sites/neteller (say 200-300bb for the limit I'm playing) and have the rest in the ING account, I should only need to redeposit infrequently if at all.

any thoughts on this?
anyone in a similar kind of position?
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