Netbank’s accounts (including ours) were acquired by INGDirect a few days ago. It was sinking fast, and declared bankruptcy.
We had all but one of our accounts with Netbank (including my business account), the other one was with INGDirect.
So… effortless consolidation!
But the thing about INGDirect is that they don’t like you to send in deposits. They prefer you deposit money in another bank, and electronically transfer it in, sortof a bank parasite. Previously, my other bank was Netbank so… what shall happen? Shall I be forced to open an account with some brick and mortar monstrosity? Ye GADS!
The one point of pride in this is that I analyzed the financials of Netbank in 2000 and saw some subtle red flags that prevented me from investing. It’s good to include our averted-disasters in with our clean wins in the investing world.