ING Direct

[carpe_chipem]

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Deathbear, I just opened an ING Direct account and yes, they required me to link this account to a B&M bank, but when I tried to link my Neteller account their website and their phone support tell me that any additional account has to be linked using a void $0 check from that additional account. Neteller doesn't do checks do they? Did something change recently at ING Direct. I don't see a way of connecting a Neteller account to ING Direct.

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This is what has prevented me from doing this as well.

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You have to link the accounts from NETELLER's side...then when you want to transfer money in or out, you initiate the transaction from Netelleras well.

Acme

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I spoke with Neteller and they said that they can link only one external account to my Neteller account at a time. They said I cannot connect my B&M account AND internet savings account, (like INGDirect) to my Neteller account at the same time. Does anyone have a Neteller account with more than one bank account linked to it? When I use their transaction web pages to withdraw or deposit money into Neteller, the bank account field is a drop down list box that lists only my B&M bank account. The fact that it's a drop down list box makes me believe they designed it for multiple external accounts. Maybe other Neteller uses have this "privelege".

If Neteller and ING Direct savings account can't provide easy movement of money from a interest bearing account (at money-market rates) to the popular poker sites as well as my bill-paying checking accounts, then what are the alternatives? Any ideas?

Carpe_Chipem
"sieze the chips"

[Catt]

I decided to look into this just recently as I hate not earning interest on that portion of the roll that doesn't need to be on a site nor within a few days of a site. I contacted Neteller support to ask if I could (1) link a second bank account, and (2) link a savings (rather than checking account). Neteller responded that (1) only one linked account was permitted, and (2) savings accounts are no good because their third-party processor cannot complete the transactions.

Answer number (2) seems odd - I presume others have linked ING or ED accounts to Neteller?

Anyway, it looks like I'll have to move money Neteller -> Checking -> Savings and back again if needed.

[Milo]

Word of warning, the deposit lag is 5 business days. On my initial deposit, it was 10 business days, which caused problems at Party... blech.

[robinsons]

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?

[Nepa]

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I am interested in opening an ING Direct account to earn interest on my bankroll. I have a couple of questions though.

1. can you link one ING Direct account to both your B+M bank and neteller? I would like to be able to move money to and from neteller and also be able to withdraw funds from my ING account to my B+M account. I assume there is no problem with this.

2. Does ING allow sub accounts. I would like to have both my bankroll and my regulat savings in an ING account, but would like to be able to keep the two seperate. Do I need to open two seperate accounts?

3. Can you use instacash to deposit from your ING account?

4. Do most ING users only keep a couple of buyins online and the rest in your ING account to earn interest? If so how often do you withdraw your winnings into ING? Daily, Weekly, or Monthly?

Thanks for you help.

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Did you ever think of trying PayPal?

Paypal's yield is currently at 4.20

Here is the big bonus. Get a PayPal Debit card and get 1.5 percent back on purchases!

The downside is the it takes 5 business days for the money to arrive into the account but if you keep an extra dime or two in their this should be a problem.

[AcmeSalesRep]

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Neteller responded that (1) only one linked account was permitted, and (2) savings accounts are no good because their third-party processor cannot complete the transactions.

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Answer 2 is total BS. The issue is that most people cannot find the direct deposit information for a savings account. If you have this information, you can make a savings account (ala ING) your linked account. To get this, log into your ING account, click on the desired account and click something like "Show Direct Deposit Information for this Account."

With the number(s) from that link, you can set up ING as your linked account for Neteller.

Acme

[AcmeSalesRep]

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I spoke with Neteller and they said that they can link only one external account to my Neteller account at a time. They said I cannot connect my B&M account AND internet savings account, (like INGDirect) to my Neteller account at the same time.

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All correct.


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Does anyone have a Neteller account with more than one bank account linked to it?

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Not to my knowledge



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If Neteller and ING Direct savings account can't provide easy movement of money from a interest bearing account (at money-market rates) to the popular poker sites as well as my bill-paying checking accounts, then what are the alternatives? Any ideas?

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Neteller --> ING --> Checking Account
Checking Account --> ING --> Neteller

With this system, the bulk of your roll should be on ING at any given time. You will have enough at Neteller to take care of "normal" movement -- i.e. to take advantage of any bonuses. Aside from taking advantage of bonuses, your whole roll will either be at a site or in ING. Then when you want to take some money out of your roll, you just pull it from ING to your checking account.

Acme

[jhall23]

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Neteller --> ING --> Checking Account
Checking Account --> ING --> Neteller

With this system, the bulk of your roll should be on ING at any given time. You will have enough at Neteller to take care of "normal" movement -- i.e. to take advantage of any bonuses. Aside from taking advantage of bonuses, your whole roll will either be at a site or in ING. Then when you want to take some money out of your roll, you just pull it from ING to your checking account.

Acme

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This is what I would like to do, but already have a checking account linked to my Neteller. I would assume that it is no problem to have Neteller change the account that is linked. Is that true or is it a hastle?

[AcmeSalesRep]

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Neteller --> ING --> Checking Account
Checking Account --> ING --> Neteller

With this system, the bulk of your roll should be on ING at any given time. You will have enough at Neteller to take care of "normal" movement -- i.e. to take advantage of any bonuses. Aside from taking advantage of bonuses, your whole roll will either be at a site or in ING. Then when you want to take some money out of your roll, you just pull it from ING to your checking account.

Acme

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This is what I would like to do, but already have a checking account linked to my Neteller. I would assume that it is no problem to have Neteller change the account that is linked. Is that true or is it a hastle?

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I never linked a checking account prior to linking my ING account, so I cannot say for certain. But I don't think it is a big deal. The only negative is that once you remove a linked account, that account can never be linked to Neteller again (at least I think I have read that before).

Acme

[Cair Paravel]

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Neteller --> ING --> Checking Account
Checking Account --> ING --> Neteller

With this system, the bulk of your roll should be on ING at any given time. You will have enough at Neteller to take care of "normal" movement -- i.e. to take advantage of any bonuses. Aside from taking advantage of bonuses, your whole roll will either be at a site or in ING. Then when you want to take some money out of your roll, you just pull it from ING to your checking account.

Acme

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This is what I would like to do, but already have a checking account linked to my Neteller. I would assume that it is no problem to have Neteller change the account that is linked. Is that true or is it a hastle?

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I never linked a checking account prior to linking my ING account, so I cannot say for certain. But I don't think it is a big deal. The only negative is that once you remove a linked account, that account can never be linked to Neteller again (at least I think I have read that before).

Acme

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What you said matches what they told me on the phone when I did this a few months ago. You have to remove your current account from Neteller via a phone call to customer service. They erase it immediately, and then you can link a new one.