ING Electric Orange Checks deducted at moment issued

[lhamo]

I haven't used the check-writing feature on my ING Electric Orange account much, but did need to use it to pay an urgent bill a couple of days ago. This would have caused my balance to drop into a lower range in terms of the interest I will accumulate this month, so I quickly transferred the difference over from my other checking account, figuring I would have several days between when the check mailed and when it cleared. But looking at my ING account balance, I see that they deducted the amount of the check from my account balance the moment it was written! It is listed as "not cleared yet," but they have already taken the balance out of my account.

I had no idea they would handle it this way -- I guess it means that even though you are writing a paper check they are treating it like an ACH exchange.

Wanted to warn people just in case...

lhamo