ING regular saver (how do I cancel it?)

littlemissmoney

How do you cancel an ING regular saver? I can change the amount, but it won't let me change it to 0, it has to be atleast £1. I'm sure I'm missing something obvious...

Thanks in advance :j

System

You will have to phone ING directly. You will need your customer number and pin number to hand. I wrote them a letter to cancel my savings account but they wrote back to me and told me it has to be done over the phone.

littlemissmoney

Thanks Judi :T

So much for internet banking... :rotfl:

mountainofdebt

Could not just cancel the dd with your bank?

Ted_Bloke

Advice that has come up in other posts: don't.
Leave that pound in there. (Unless you really need a pound).
Then the day the day that ING becomes competitive again you can put money in without the ghastly paperchase.
Mind you by that time there will probably be a new rule to say after a year's dormancy of an account you have to prove that you are you all over again.

littlemissmoney

I don't want to close the account... just stop the regular saver.

Ted_Bloke

littlemissmoney wrote:

I don't want to close the account... just stop the regular saver.

The just do as mountainofdebt suggests, stop paying in.

pennies2pounds_3

I had the same problem . Just left it at a pound a month until they get back to being competitive again. Its not worth the phone call to cancel it because it will cost you a pound anyway lol.

Ted_Bloke

pennies2pounds wrote:

Its not worth the phone call to cancel it because it will cost you a pound anyway lol.

Well not a pound actually because you could go to some other part of this site where Martin Lewis will explain about how to search for the cheapest telephone...oh forget it.

Ted_Bloke

pennies2pounds wrote:

I had the same problem . Just left it at a pound a month until they get back to being competitive again. Its not worth the phone call to cancel it because it will cost you a pound anyway lol.

Pound a month?! Och ya spendthrift! Can't you just leave a pound in there?

It's just a bank account, there is not an obligation to regular saving.

littlemissmoney

Ted Bloke: There is no obligation, but it appears you have to phone to cancel it. Online all you can do is change it £1 a month. You can't just cancel the DD with your bank because the DD is for all ING transactions and that would mean closing the account.