ING Bank Totally Screws NetBank Customers in Takeover
A cautionary tale from December 7, 2007 (Pearl Harbor Day)
The White Horse that is ING Bank, galloping valiantly in to save what’s left of the sub-prime-mortgage-defunct NetBank, has mud all over it.
They are liars, have lied to NetBank account holders and continued to lie, while whispering sweet nothings in our ears and preparing to do as they damned well please. Not exactly a new account holder, I have been a client of NetBank virtually as long as there has been a NetBank.
For those of you who are not into banks and banking, NetBank is a virtual bank. It exists in a warehouse somewhere in the suburbs of Atlanta, Georgia, but nowhere is there an actual lobby, within which one would find actual tellers who take in and dispense actual cash. The whole concept takes a good deal of faith. Mine has been shaken.
Actually (and virtually) that faith has been sliced, diced and marinated, then whisked off to another table.
In keeping with the intense, paranoid, secretive precepts, concep…