Comments on: INGDirect Sub-Accounts Savings

By: Wells Fargo Charges a Fee to Make Transfer to Another Bank

Wells Fargo Charges a Fee to Make Transfer to Another Bank — Sun, 13 Jun 2010 02:07:31 +0000

[...] I started the process to get that in place, since I wanted to be able to push money to ING Direct where I have several savings sub-accounts. [...]

By: Emergency Fund – Your Take?

Emergency Fund – Your Take? — Sun, 25 Apr 2010 04:31:07 +0000

[...] now there is just over $1800 in the account. This is the money I’d like to move over to ING Direct into sub-accounts. I like knowing this money is sitting here waiting to be spent when the bill [...]

By: Mrs. Accountability

Mrs. Accountability — Mon, 28 Dec 2009 03:46:37 +0000

Lulu, sorry this comment of yours got stuck in spam. Thank you for the information, but I’m still a little confused. Can I just do one stock and never do anymore? Or do I have to do something every month? Would you consider writing a post for your blog or maybe even a guest post for my blog with more information on this? Thanks! Mrs. A

By: Mrs. Accountability

Mrs. Accountability — Mon, 28 Dec 2009 03:15:30 +0000

Little House: I will be sure to make an update post once I get it figured out! Good for you for having your "Alien Abduction Manual" all put together. LOL, it was Mrs. Micah's idea, I think. Anyway, I agree, cute name for it! Thank you for stopping by and commenting! I appreciate your input! OH! Do you have an account with them? They are offering $25 bonus for opening a savings account. You do have to put $250 in to get the bonus, but you can remove the money within a couple of weeks. If you are interested in opening an account, I'd love it if you use my referral link. I will get $10 thank you bonus. Will keep you posted! Mrs. A

By: Mrs. Accountability

Mrs. Accountability — Mon, 28 Dec 2009 03:13:29 +0000

Dave: That is great to know about ING Direct! I think that will also help to reassure Mr. A, so thanks for letting me know! Thanks for stopping by and commenting! Mrs. A

By: Mrs. Accountability

Mrs. Accountability — Mon, 28 Dec 2009 03:10:51 +0000

Mrs. Money: I still haven’t opened our sub-accounts! And I think I only have until the end of the year to do the Sharebuilder $4 stock purchase. I need to get busy and do some research! Thanks for your comment! Mrs. A

By: Lulu

Lulu — Sun, 27 Dec 2009 21:54:08 +0000

The $4 is per trade but they only do it if you have money in the account to cover it. So if you decide to send $20 every month to Sharebuilder then you can buy $16 worth of a stock since they keep $4 as a trading fee.

So you set it up how you want. I have Sharebuilder withdraw $20 a month but I buy $5 of one stock and $5 of another. So there is always money set up for my trades and money for the stocks. If I only sent in $10 then they would buy $5 of the first one, take their $4 cut and not buy the second one because there would not be enough to cover the stock and the fee.

Poke around in your sharebuilder account and you will see how the money is allocated after you choose your options. It does not overdraft you or anything..if the money for the stock and the fee are available it will do your transaction if not then it waits until the next trading cycle (mine is monthly but they do it every Tuesday.) Hope this helps.

By: Little House

Little House — Tue, 22 Dec 2009 17:45:53 +0000

I’ve heard about ING and the sub-accounts. I’ll be interested to know if you get it all figured out and what you think about it. I currently have a savings account online with Capital One and they don’t have a way to create sub-accounts.

P.S. I love the “Alien Abduction Manual”, I created one for my husband but didn’t give it quite such a creative name!

By: Dave

Dave — Tue, 22 Dec 2009 14:09:22 +0000

if you call ING for any reason, you do not get a phone tree, you get a person. it’s better than walking into a building and waiting in line!

By: Mrs. Money

Mrs. Money — Tue, 22 Dec 2009 00:36:15 +0000

I have quite a few sub accounts with ING. They are fantastic! I have no idea about ShareBuilder though!