What is the difference between ING and ING DIRECT?
ING DIRECT is a Canadian bank that is regulated the same as other Canadian banks. We are owned by ING Group; one of the world’s largest financial services companies, headquartered in Europe. We operate on a stand alone basis in Canada. This means that our people are located in Canada, your money stays in Canada, we are regulated in Canada and follow the same rules as all of the other Canadian banks. Up until recently, ING Group also owned ING Canada, the insurance company. As planned, ING Group sold its shares in ING Canada so it can focus its attention on savings and investments. The sale of ING Canada had no impact on ING DIRECT as the companies were completely separate entities, with separate employees.
