Sale of ING

ING France throws in the towel, too many costs, no ensured profitability, the critical mass, that is to say the minimum number of customer accounts, making it possible to ensure long -term profitability will never have been reached.The ING group therefore preferred to stop losses households.The sale of Ing France's customer portfolio should be completed in the coming days.ING France is currently cleaning up its customer base and has announced thousands of inactive or too little used bank accounts.The closing of these savings accounts and booklets would concern 300.000 accounts, mainly orange savings booklets, the balance of which is low.As a reminder, the rate of the orange savings book is zero, or rather 0.01% gross, or 0.007% net...

What bank for the resumption of ING?

The media most often cite Boursorama Banque as the favorite bank for the resumption of ING customers.However, Crédit Mutuel, in the form of its entities, the Federal Alliance and Arkéa would also be positioned for this takeover, for their respective online banks Monabanq and Fortuneo.

ING customers what to do?

Nothing !It would undoubtedly be what the bank redeems redeem the ING portfolio.That ING customers are quietly waiting for their bank accounts are transferred or their assets only, if they are already customers of the bank in question.However, in such a case, the ex-ING-customers, not yet a customer of this new bank, would probably not benefit from any welcome bonus.Fairly unfair with regard to what benefits all others.This is why, as soon as an effective recovery announces, it would undoubtedly be wise to position yourself as a new customer with the bank carrying this sale, in order to benefit from the current offer.The accounts of account transfer will be in fact long, this will leave the opportunity to study the offers promised to each.In any case, banks ousted from this takeover should take advantage of it for transfer of customers.Because customers will always have the choice to indicate a bank account for destination of their assets.And you will have noticed, Fortuneo and Monabanq currently offer extraordinary welcome offers.A sign ?

Request for transferring your ING Direct Life contract?

Some Generali Life, opportunistic brokers, like Goodvest (via his GoodVie contract) offer specific promotional offers, in order to encourage savers to request the transfer of their ING Direct VIE contract.The transfer of life insurance contract is now possible within the same insurer (within the framework of the PACTE law of 2019).However, no saver has such a transfer as a transfer.

Savers equipped with an ING Direct Vie life insurance contract have no interest in requesting a transfer of their contract.Especially if they hold a contract signed before changes in the general conditions of Generali of 2017.Indeed, the ING direct life contracts undercomperted before 2017 have lower management fees on the EUROSEUROSIMA fund that contracts subscribed after the change in general conditions of Generali.These former contracts are also individual contracts.Thus, the insurer cannot change the rules of the game as he pleases, which guarantees the saver to keep all the same arrangements.Whatever.And in such a case of resumption of one bank by another, it is a size security.You must therefore keep your life insurance contract ING Direct Vie.

ING is only an intermediary for life insurance.Like any bank, ING does not hold any funds in life insurance, it is the insurer Generali Life who fully manages the Contracts ING Direct Vie.These ING Direct Life contracts will therefore not undergo any transfer, nor any modification.Only the interlocutor between the insured and the insurer (ie, the new bank), the interface of the customer area, the contract management interfaces, as well as the choice of the new eligible funds will be able to evolve.

Finally, you should know that if the bank in charge of the takeover also offers an insured life insurance contract with Generali, no aggregation between contracts will be possible.Indeed, for obvious reasons of tax rules (date of opening of the contract, date/amount of the payment of premiums, redemptions made, products generated, etc..), a life insurance contract, even within the same insurer cannot be aged with another.

What about mortgage mortgage?

Customers who have subscribed to a mortgage via ING France also have no worries to be made.ING France indicated on his Caféque website, even if the buyer did not want to resume his portfolio of real estate credits in progress, ING Bank NV would continue to maintain the credit in progress, in the same ways and durations.No change in rate or modification of conditions are to be feared.For future ex-clients ING, it will obviously be necessary to change the IBAN for the payment of monthly payments, but that would be all.

Epargne orange booklet fence

The Leo (Savings Orange booklet) has only been the shadow of itself for a few years already.At the origin of the term super booklet when it was launched in 2000, it was so extraordinary, it is now the worst savings book on the French market.With a remuneration rate at 0.01% gross, or 0.007% net, this savings booklet has only the name.He does not provide any return.Savers who have not yet closed their orange savings book can accept its closing easily.The balance of the Leo will be paid on the current account.In the press, the indication of the closure of 300.000 ING accounts also concern this leo.On this side, nothing surprising.On the other hand, more concerns for booklets A and LDDS.

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What about the Aet LDDS booklet?

These regulated savings booklets would not be transferable.During the recovery, a closure would be made, then an opening would take place with the bank in charge of the recovery.But obviously, beyond the fifteen interests which would be lost during this "transfer" which is not truly one, the question arises for booklets a or ldds whose balance exceeds the ceiling of the respective payments of theseregulated booklets.Indeed, the booklet A cannot accept more than 23.950 euros in payment, and the LDDS, 12.Euros.However, by doing so, what should happen for savers having for example, a booklet opened at ING AFFICHANTUN balances more than 23.950 €?It should be remembered that the interests capitalized on a booklet A or LDDS in turn produce interest and increase the capital placed.It is likely that booklets A and LDDS whose balance exceeds the ceiling of the payments be opened in the new bank with the capped amount of the payments, the difference would be donated to the current account of the saver.If this point seems anecdotal, you should know that almost 17% of the booklets opened in France present a balance higher than the ceiling of payments.This case will therefore inevitably occur.

What about PEA and securities account?

It's easier.PEA or ordinary securities will be transferred directly to the bank in charge of the takeover of ING.The real securities transfer exists and is made with each change of broker.ING customers should also be winning on this point.ING is not particularly an attractive bank for investments in the financial markets, both in terms of tools provided to investors, as in terms of costs charged.

Express survey: ING customers, what will be your next bank?

ING customer, have you decided to anticipate the transfer of your ING account to another bank?Many readers do not know which bank to choose.Do you have a preference on your side?

Banks, premiums offered for current account openings: € 610 accumulated on January 27, 2022 (7 offers)