What is Express Funding?
Express Funding allows you to place a buy order (real-time and mutual funds) when you do not have enough Cash Available for Investing to cover the entire order. Essentially, it will allow you to place the order without requiring that you first post a deposit to your account. Here’s how it works – If you are trying to place a buy order that exceeds your Cash Available for Investing, selecting Express Funding as your Funding Source will automatically create an electronic funds deposit to transfer the required amount from your linked checking or savings account. ING DIRECT Investing will then place your order as instructed without delay while we process the transfer. You can use Express Funding for buy orders in individual, joint and custodial accounts. You are limited to $5,000 in outstanding Express Funding transfers at any one time, and the minimum deposit amount is $35.00. There is a $6.95 charge for each trade that uses Express Funding. This charge is added to the cost of your trade.
