Ever since Capital One purchased ING Direct last week, there have been daily blog posts from people stating their intentions of moving away from ING now that big, bad "Crap One" has taken over.

But I have seen very few postings stating why you should stay with ING or at least not jump ship just yet. And so that's what I am do here today!

It's going to take time to make the transition. Meaning that the purchase of ING Direct will need approvals from government entities and shareholders. Obviously, those things don't happen overnight, so everything you like about ING will probably stay in place for many months to come. In fact, ING states that it expects to complete the transaction very late in 2011 or early 2012.  If something goes wrong, ING Direct can easily go back to ING Group with $270 million of Capital One's money (ie the breakup fee).  So there's always the chance that the deal never happens.

Other online banks. I've heard of people wanting to switch to everything from Ally to Perk Street; Discover to E-Trade bank. Discover is easy to debunk because I don't know why you would pick another credit card specific company to bank with if you don't like Capital One.  I'd love to hear a good reason to switch to Discover for banking (besides the orange color scheme). Not disparaging Discover here, but surely you see my point of moving from one credit card company to another one.

Ally bank is a bit harder to say no to, especially with that higher rate, but do you know the history of Ally? Did you know it was created out of GMAC Financing so that GMAC could take advantage of bailout funds provides by the government? It definitely was not created with the consumer in mind.  So why change to them?

Interest Rates. ING has fallen back on paying out high rates on savings and checking in recent years, just like most other banks. There are a few who are paying more, but you need to understand why. Those are just teaser rates to build up a large capital basis on deposits. Once they have sufficient capital, those high rates at other banks will go down.  Is it worth switching banks because of a 1% increase in rate?   That leads me to the next reason.

Your Assets. Depending upon how much you have deposited at ING, it's probably not worth the hassle of switching. I only keep a few thousand dollars in my ING accounts with everything else has a home at some other financial institution (IRA, etc.). Setting up new accounts elsewhere along with getting my multiple direct deposits transferred seems like a hassle just because "I don't like Capital One".

Fees.  You can make the jump to another bank, but before you do, be sure to read all of the information regarding fees that could be assessed.  At least with ING Direct, today and for the near future, you know what will constitute having a fee charged for a service.  You won't know with another bank.  Perk Street's page on fees (and other issues) is super long.  Way too much to digest there (except for the maximum $500 initial deposit; that's weird), so I'll just stick with ING until I'm told of a fee change.

Now, before i tick someone off, I do have a Capital One card. I also have had an auto loan with them before in which they screwed up and deducted two payments in one month, causing a $30 overdraft. So I am leary of their service department taking over at ING. And yes, at the first sign of real trouble, I may bail out on Capital One's version of ING.  Taking too many payments is one problem, but messing up a deposit transaction would definitely have me looking elsewhere for my banking needs.

Life's too short to deal with a company that you absolutely hate, and if Capital One is your most hated, I would definitely consider, no I would definitely move my accounts.  But wait a bit to make sure that the sale is going to progress.  Moving from ING to another bank might not be the good deal or bargain that you were counting on!

B. Daniels is the lead review expert with Find Cheap Bargains. B. was more than likely the person responsible for the hands-on review of every product on the site. He also spends time searching for sale bargains when not conducting and writing the reviews.