ING Direct Canada
From Wikipedia, the free encyclopedia
ING Direct Canada is the marketing name of ING Bank of Canada, a branchless or virtual bank in Canada founded in 1997. ING Direct is part of the ING Group.
It offers services over the phone, email or via ABMs.
Services offered:
- Investment Products
- Mortgages
- RSP
- Loan
- Mutual Funds
- Loans
- Internet Banking
ING Direct has attracted customers through their high-interest savings accounts and no service charges or minimum account balance requirements. In order to deposit or withdraw cash, a customer must have an account with another financial institution. They are able to offer more generous rates by piggybacking on other financial institutes infrastructure. How?
In 2006, ING Direct Canada introduced advanced log-in procedures to combat fraud. It is designed to make sure that "You know it's us" and "We know it's you."
[edit] Membership
ING Direct is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks.
[edit] See also
- ING Group - parent company
- Other virtual banks
