We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

A question about the DD set up on my ING account

2»

Comments

  • cloud_dog
    cloud_dog Posts: 6,379 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The DD facillity provides both *pull* (withdrawals) and *push* (deposits) capabilities. If you look at your options when you want to *move* money you can select the from and to accounts (doesn't matter which way).

    You can also set up a manual credit facillity with your own bank to *push* money into ING without any issus. As a previous poster commented their sort code / account number are at the bottom of the page after you have logged in.

    cloud_dog
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Stonk
    Stonk Posts: 951 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Whole threads spring up about transfer mechanisms and consequences on interest, so it's important to get this correct ...
    The DD facillity provides both *pull* (withdrawals) and *push* (deposits) capabilities.

    No, it does not. Withdrawals from your ING account go by 3-day BACS transfer to your current account.

    Why on earth would using the same screen to arrange transfers in different directions imply that they go by the same underlying mechanism?

    If you plan to refute this again, call them and ask them first.
  • cloud_dog
    cloud_dog Posts: 6,379 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Chill dude, I was merely saying that the DD mandate info provided ING with the information required for a DD from your bank account and the info required to credit money back into your bank account.

    cloud_dog
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 245.9K Work, Benefits & Business
  • 602K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.