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ING DIRECT

Soon2BeMrs2006 Posted: Feb 17, 2006 07:49 AM+

Soon2BeMrs2006 MEMBER SINCE: 6/05 TOTAL POSTS : 10462 WEDDING DATE: May 20, 2007

Posted: Feb 17, 2006 07:49 AM

ING DIRECT

How many days just it take for money to transfer back into your checking acct.?

Also if you have been earning interest but havent made any withdrawals do you have to still file it when you do your taxes? Someone told me you don't but I just want to make sure.

ali120206 Posted: Feb 17, 2006 08:03 AM+

ali120206 MEMBER SINCE: 10/05 TOTAL POSTS : 4385 WEDDING DATE: Dec 02, 2006

Posted: Feb 17, 2006 08:03 AM

Re: ING DIRECT

If you have earned interest you have to file it on your taxes, it gets deposited into your account so technically it's yours.

ETA: They should have sent you a 1099 interest form.

I think it moves on the same or following day but, I'm not 100% sure.

pigs222seal Posted: Feb 17, 2006 08:20 AM+

pigs222seal MEMBER SINCE: 2/05 TOTAL POSTS : 2149 WEDDING DATE: Jun 10, 2006

Posted: Feb 17, 2006 08:20 AM

Re: ING DIRECT

I just did a transfer last night. It will be in my 'home' account sometime today.

prinses777 Posted: Feb 17, 2006 08:31 AM+

prinses777 MEMBER SINCE: 7/05 TOTAL POSTS : 3466 WEDDING DATE: Jul 07, 2007

Posted: Feb 17, 2006 08:31 AM

Re: ING DIRECT

Only if you earned OVER a specific amount of interest they will send you a 1099 form...

I just got my taxes done on Monday and that is what my CPA told me.

NPbride Posted: Feb 17, 2006 08:37 AM+

NPbride MEMBER SINCE: 4/04 TOTAL POSTS : 1374 WEDDING DATE: Jan 01, 2016

Posted: Feb 17, 2006 08:37 AM

Re: ING DIRECT

You may not get a 1099 mailed to you, you may have to go online and print it out. That's what I did but I also don't do paper statements. They e-mail me everything.

hmpena Posted: Feb 17, 2006 09:05 AM+

hmpena MEMBER SINCE: 1/05 TOTAL POSTS : 14745 WEDDING DATE: Jan 15, 2006

Posted: Feb 17, 2006 09:05 AM

Re: ING DIRECT

I also printed my 1099 from the website. As far as withdrawls, it took about 2 business days before I could withdraw the money.

BklynItaliana Posted: Feb 17, 2006 09:09 AM+

BklynItaliana MEMBER SINCE: 11/05 TOTAL POSTS : 2352 WEDDING DATE: Jun 16, 2007

Posted: Feb 17, 2006 09:09 AM

Re: ING DIRECT

yea ING takes some time before you could withdraw.. don't remember the specific amount of days though

natinwpb Posted: Feb 17, 2006 03:48 PM+

natinwpb MEMBER SINCE: 5/05 TOTAL POSTS : 465 WEDDING DATE: Sep 03, 2006

Posted: Feb 17, 2006 03:48 PM

Re: ING DIRECT

It usually takes 2 to 3 bus. days whenever I've transferred $. FYI you still have to pay taxes on interest.

MJDoc12 Posted: Feb 17, 2006 03:51 PM+

MJDoc12 MEMBER SINCE: 10/05 TOTAL POSTS : 12062 WEDDING DATE: Feb 25, 2007

Posted: Feb 17, 2006 03:51 PM

Re: ING DIRECT

I love my ING acct!

It takes about 2-3 business days to transfer.

ING won't send you a 1099-INT if you had less than $10 in interest. But if you do have that interest--you have to download the 1099-INT from the website in your acct. info...and yes you have to report it on your income taxes, since they report the information to the gov't.