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A question about the DD set up on my ING account

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  • cloud_dog
    cloud_dog Posts: 6,321 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: 937 Forumite
    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: 6,321 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
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