KE Transfers to ING

oldagetraveller

A question for those who have received their ING pin. Is it a five or six digit number?
Looking at the log in process it would appear that a 6 digit number is required, the number I received and revealed only has five! I'm 100% sure it was only five and the unfortunate thing is that being security obsessive I've shredded the document after memorising the number!:o
I'll need to 'phone them anyway about this and have a new number sent but I'd like confirmation before doing so.
It all seems hardly worthwhile and a waste of their time and mine because my KE balance is "0" anyway and that will be the sum they're transferring.:rolleyes:

EalingSaver

Essenchill wrote: »

The question may well be, where else could you take it and get a rate of even 3%? The options now are very limited. At 4% the rate is very attractive at the moment, but as its variable, it could change tomorrow... It's a difficult one.

Surely this is not a difficult one at all? BOE is currently 1%, and highly unlikely to go up by much in the near future. In other words at current rates ING's underlying variable in six months time would have to drop to 1.3% for the guarantee to be worth diddly squat. And by then just as likely that BOE rates might be at 0% or 0.5% anyway.

And the fact that the gurantee runs to 2012 doesn't really seem worth a lot. There be plenty of other options for your money between now and 2012.

So I don't see why option 1 isn't simply a no brainer except if......(just though of this).....

....like me you separately opened up an ING account when the bonus was 2.15% for 12 months giving me currently 4.15%....so for me when my money arrives it will be a straight swap out to my other ING account as soon as the money goes across.

So for that reason I might as well go for Option 2 but drain all but £1 out and put it in my other ING account, and then I'll be getting a bonus rate on one account with money in, and an account with a guranatee of BOE +0.3 % till 2012 but with no money in....for the rare possiblity that it turns out to be useful. :rolleyes: :rotfl:

bristolleedsfan

oldagetraveller wrote: »

A question for those who have received their ING pin. Is it a five or six digit number?
Looking at the log in process it would appear that a 6 digit number is required, the number I received and revealed only has five! I'm 100% sure it was only five and the unfortunate thing is that being security obsessive I've shredded the document after memorising the number!:o

Pin Number is 6 digits.

I opened a KE account and didnt fund it, now I have ING 6 Month Offer. :j

EalingSaver

yorksrabbit wrote: »

Thank you essenchill and withnell. I will go for Option 1 and also have a look at other accounts, Tesco Finance was doing a bonus deal but I'm not sure if it's still available. Thank you both again.

Tesco removed the bonus option sometime in January.

antispam246

EalingSaver wrote: »

Surely this is not a difficult one at all? BOE is currently 1%, and highly unlikely to go up by much in the near future. In other words at current rates ING's underlying variable in six months time would have to drop to 1.3% for the guarantee to be worth diddly squat. And by then just as likely that BOE rates might be at 0% or 0.5% anyway.

And the fact that the gurantee runs to 2012 doesn't really seem worth a lot. There be plenty of other options for your money between now and 2012.

So I don't see why option 1 isn't simply a no brainer except if......(just though of this).....

....like me you separately opened up an ING account when the bonus was 2.15% for 12 months giving me currently 4.15%....so for me when my money arrives it will be a straight swap out to my other ING account as soon as the money goes across.

So for that reason I might as well go for Option 2 but drain all but £1 out and put it in my other ING account, and then I'll be getting a bonus rate on one account with money in, and an account with a guranatee of BOE +0.3 % till 2012 but with no money in....for the rare possiblity that it turns out to be useful. :rolleyes: :rotfl:

I'm in the exact same situation. I opened a savings account prior to the transfer offer and have the bonus rate so I think i'll go with option 2 and transfer all to my first account.

In regards to the pin number, both mine were 6 digits (to previous poster)

EalingSaver

oldagetraveller wrote: »

I'm 100% sure it was only five.:rolleyes:

Obviously didn't scrape enough of that silver grey coating off....definitely six. Unless they are issuing special 5 digit ones to KE savers.....but seems rather unlikely.

Essenchill

6 digits here too... it hints that there will be 6 digits in the 'how to reveal' instructions too by the way...

oldagetraveller

bristolleedsfan wrote: »

Pin Number is 6 digits.

Thanks for that, and to Essenchill & EalingSaver looks like I have dropped a thingy in not reading the number correctly or fully ! I'll blame them anyway.:D
I'll 'phone them on Monday for a new pin. As I said, it's really wasting their time and mine because of 0 balance. Handy to have access to the account anyway. There's no point in me taking up their rate offer either because instant access savings are fortunately fixed with Cov. B S. at 6.25% until Nov. this year, so any spare is going there.

LucyTheDwarf

Okay, if I'm being totally blonde here you can all throw eggs at me.

I just tried to log into ING as I have now got my customer no and my PIN. It asks for customer no and surname, but doens't ask for PIN! When I input my no and surname, it says "The Customer number and Last name you have entered have not been recognised. Please try again."

How do I get to the screen where I have to enter my PIN / has anyone else had this?

LucyTheDwarf

Oh dear... just looked at the letter again... I've been inputting my account number instead of the customer number. What a dimwit.

*awaits the eggs*