Netbank failes and is acquired by ING Direct for a paltry $11M.
Link to FDIC: Failed Bank Information - Bank Closing Information for NetBank, Alpharetta, GA
you think you have it bad with the Netbank failure, try living overseas and having to deal with opening a new account at a new bank. and now ING cancels all overdraft protection, and tells me they will no longer accept online payments for the previous overdraft. and now the tell me they are cancelling my ATM card (the only access I have to my funds overseas), and the icing on the cake is that all bill payments will cease as of Dec. 7th.ING Direct is non-service. they do NOT care about the Netbank customers.so I did some research, and found SalemFive Bank, founded in 1867, and they pay a whopping 4.7% on checking accounts, with no minimium balance required. so sign me up SalemFive Bank.
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