From the Personal Finance Blog comes a story of how NetBank is suddenly no more. NetBank is the bank where Reilly Technologies’ (the maker of Moneydance, in case you haven’t noticed) accounts were kept and this is the first I’ve heard of their closing.
All accounts at NetBank were apparently transferred to the FDIC and quickly sold to ING Direct, which is a relief but I’ll be happier when I can regain access to our accounts and make sure that any pending payments and deposits will be processed. I have recommended NetBank to a few friends and acquaintances over the years because of their excellent support of OFX and free online banking and bill payment (both via the web and directly from Moneydance).
So now we find ourselves ING Direct customers. Can any other ING Direct customers vouch for their support of OFX connections? How about international money transfers (I’m currently living in the UK)? Anyone have any horror stories of their bank suddenly disappearing?