A couple of weeks ago I saw that Wells Fargo allows transfers to other banks, and my immediate thought was “WOW! That’s cool! Now it will be that much easier to move money over to ING Direct!
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.
That was all set up and over the weekend I decided I would move some money from Wells Fargo to ING Direct. I got logged in and began the process. After choosing how much money I wanted to move from and to which accounts, I was taken to a screen which asked if I would agree to the $3 fee to transfer the money to ING Direct.
That was a complete surprise, I never read anything about that when setting up the option.
ING Direct doesn’t charge anything to pull money from Wells Fargo, so I guess I need to move money by pulling from Wells Fargo.
I went to ING Direct, but I only have Wells Fargo Checking Account #1 (external account) linked.
This is where it starts getting complicated in my head.
Do I just move money from Wells Fargo Checking 2 into Checking 1, or from Wells Fargo Savings into Wells Fargo Checking 1 in order to move to ING Direct?
Or should I set up sharing for all three accounts at ING Direct. I clicked on Transfer Money and then there was a little link that said, “Connect your accounts for instant transfers”. So I clicked on that and now I have to go through some process again.
Well, “connecting my accounts” requires me to sign in to or sign up for ShareBuilder.
So next I went to the account which I wanted to pull money into at ING Direct and I see a link called My Links.
Kind of cryptic, but I clicked on it and found that is where I want to be if I want to link another account.
However, we can only link checking accounts. Not savings accounts.
I just don’t know if I am ever going to fully utilize ING Direct because this just seems too complicated to me.
And Wells Fargo is going to charge me $3 every time I try to push money that way.
Unfortunately I may end up keeping our sinking fund accounts right at Wells Fargo, earning practically nothing.
Today I told Mr. A I’m getting real sick of taking care of the bills and the budget. He asked if there was anything we could do so that he could take it over. Unfortunately there really isn’t.
I’ll just have to spend a bit more time thinking this through.