Coming soon: ING Chequing Accounts
With the exit of Citizen’s Bank last year, President’s Choice Financial is now the only game in town in the free chequing account space. But perhaps not for much longer. There has long been speculation on whether ING Direct will start offering chequing accounts.
A reader recently got in touch with ING Direct and asked if they are planning on offering an online chequing account similar to the Electric Orange account in the USA. The Electric Orange account is an all-electronic, paperless chequing account that allows bill payment, access to cash through ATMs, electronic money transfer etc. If you need to write a paper cheque, you have to fill out the payment details online and the cheque is mailed out by ING. Here’s ING’s response:
“We are actually currently testing our chequing accounts. The official launch should be sometime this year.”
Not much to go on but it would be interesting to see what features will be available in INGs chequing accounts.
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Coming soon: ING Chequing Accounts is brought to you by Canadian Capitalist — Helping you to invest & prosper.
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