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ING/CapitolOne360 vs Ally vs other

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7:52 pm
June 6, 2013


Edward Antrobus

Fort Collins, CO

Member

posts 1008

I just got an email from US Bank that they are closing the automatic savings mechanism to keep my account free. Up until now, I was able to keep my checking account free by setting up an automatic deposit of $25/month into a linked savings account. Now that is going away and the only way to stay free is to maintain a minimum balance of $1500 or a direct deposit of at least $1000/month.

This account is used for paying debts and is sandboxed from the rest of my money, so I don't want extra cash sitting there or to deposit that much. So I'm going to change.

I've heard a lot of good things about ING/CapitolOne 360 and Ally Bank. Is there one that you would recommend over another, or possibly a third bank or credit union altogether?

here are my needs/requirements

  • Free checking
  • Free bill pay
  • No minimum balance. Balance with usually be between  $20-$500.
  • Ability to deposit checks quickly (from Fort Collins, CO) for free.
  • Direct Deposit of $150/week for 8 months out of the year

In terms of credit unions, my wife and I don't currently maintain any affiliations. I work in construction and she works in a supermarket.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

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8:27 pm
June 6, 2013


frugaling

Member

posts 139

Post edited 8:28 pm – June 6, 2013 by frugaling


Hey Edward!

 

Here's my two cents. Go with ALLY bank! I've had ING accounts and they're fine.

The key is free ATM withdrawals anywhere, interest on checking, and great customer service! Ally has it all.

9:18 pm
June 6, 2013


Edward Antrobus

Fort Collins, CO

Member

posts 1008

See, ATM withdrawls and interest are features I'm least interested in. Any debit card I receive will just get locked up in my office and not get used and the average balance will be too low to be concerned with interest.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

2:25 pm
June 7, 2013


frugaling

Member

posts 139

To the other points then, Ally's checking has better interest for that money and very quick mobile deposit via check. :)

 

Hope this helps!

10:21 am
June 8, 2013


Anton Ivanov

San Diego, CA

Member

posts 129

I also use Ally, although for their high interest online savings accounts. Never had any problems.

11:39 am
June 9, 2013


David @my2centopinion

Member

posts 12

I love Ally Bank. Free ATMs, A good interest checking account, & awesome customer service

 

My Review of Ally


//

My2CentOpinion.weebly.com

 

Try Dropbox, it's the best DropBox and I get free space if you sign up.

4:20 am
June 10, 2013


My Personal Finance Journey

Member

posts 3159

I use ING only because I opened my account up before Ally become popular. If I had my choice now, I would go with Ally, as they have a slight edge. 

Jacob @ My Personal Finance Journey

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5:11 am
June 10, 2013


MoneyBeagle

Member

posts 1466

I know many were fearful of the ING -> Capital One transition, given that Capital One has never had great service.  So far I've not seen any issues.  Hopefully it stays that way :) 

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6:47 am
June 10, 2013


Edward Antrobus

Fort Collins, CO

Member

posts 1008

I saw a sign up bonus for Capitol One 360 so I gave that a shot. They said I was an existing customer, but the forgot login page kept telling me that my information was incorrect, despite trying every phone number and zip code I've had since I was 7.

So I guess Ally it is!

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

8:15 am
June 18, 2013


Eric – PersonalProfitability.com

Portland, OR

Member

posts 2120

I am Capital One 360 user and have been since 2007 (here is an affiliate link with a $50 signup bonus).

I primarily use Schwab Bank these days. It links to my investment accounts, has check deposits from the phone, free transfers to and from other banks, and free ATMs with no fees internationally.

12:52 pm
December 20, 2013


My Personal Finance Journey

Member

posts 3159

Does anyone know how to get access to the Cap One 360 affiliate program these days? It used to be through FlexOffers, but I don't see it anymore. 

 

Thanks! 

_____

Eric – NarrowBridge.net said:

I am Capital One 360 user and have been since 2007 (here is an affiliate link with a $50 signup bonus).

I primarily use Schwab Bank these days. It links to my investment accounts, has check deposits from the phone, free transfers to and from other banks, and free ATMs with no fees internationally.

Jacob @ My Personal Finance Journey

Visit me at My Personal Finance Journey

Email me jacob@mypersonalfinancejourney.com

Be my Facebook Friend, Follow my journey on Twitter

12:30 pm
January 11, 2014


colormefrugal

Member

posts 99

We've used ING/CapitolOne360 since 2003 and have really liked them.  We have not had any problems since the transition to Capitol One was made.  And it fits all the criteria you require. 

11:35 pm
January 11, 2014


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Can you deposit a money orders via remote deposit to Capital One 360? Ally requires you to mail money orders in which is a PITA, especially since one of my income comes on a post card and I have to use money orders to deposit the money into my account.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

9:39 am
January 15, 2014


Eric – PersonalProfitability.com

Portland, OR

Member

posts 2120

Odd to hear that, you should be able to deposit a money order with mobile deposit just like a check at any bank.

3:39 pm
January 15, 2014


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Post edited 3:40 pm – January 15, 2014 by Edward Antrobus


Eric – Narrow Bridge Finance said:

Odd to hear that, you should be able to deposit a money order with mobile deposit just like a check at any bank.

Unfortunately, Ally has decided to prohibit it according to their deposit agreement. It is that reason that I'm shopping around again. Twelve stamps per year is more than any interest I'm earning with them.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

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