Upon closing, Capital One will become the 5 th largest depository institution and the leading direct bank in the United States. The combination strengthens Capital Ones customer franchise and brand and provides significantįinancial and strategic upside with low execution risk. Currently the 8 th largest bank in the United States, based on deposits, Capital Ones acquisition of ING Direct combines INGĭirects valuable national direct deposit franchise with Capital Ones advantaged access to assets and local scale branch banking. Under which Capital One will acquire ING Direct from ING Groep in a stock and cash transaction valued at $9.0 billion. MCLEAN, Va., June 16, 2011 Capital One Financial Corporation (NYSE: COF) announced today a definitive agreement Note: Analyst conference call and webcast scheduled for Thursday, June 16 at 5:15 pm EDT, details at the end of this release. Immediately accretive to EPS and tangible book value per shareĪbove-hurdle returns on invested capital in 2013 and beyondĪccretive to long term growth, returns and capital generation Industry-leading direct banking franchise with national reachĪdds 7 million young, high-income, loyal customers If the deposits are $.05 and $.15, you'll also see a debit of $.20 by PayPal on your bank statement.Capital One to Acquire ING Direct for $9.0 Billion in Stock and CashĬombination Delivers Attractive Financial Results and Long-Term Strategic Value The small deposits are temporary and will be removed from your bank account.If you only receive 1 small deposit, contact us to confirm your bank account or try to link it instantly. Some banks combine the 2 small deposits as a single amount.If you don't see the 2 small deposits in your bank statement, find this bank account in your Wallet and request that we resend them to you.For example, if you receive two deposits of $.05 and $.15, enter. Enter the exact amounts of the 2 deposits made to your account.To confirm a bank you've linked on the web: Then you can enter these amounts in your PayPal account to finish confirming this bank account. You can also contact your bank to find out the exact amounts of these deposits. Within 3 business days, check your bank statement for 2 small deposits (each between $0.01 and $0.99 USD) that we sent. If you enter your bank account number manually, we’ll prompt you to confirm this bank account. We immediately verify with your bank they're correct and we confirm your bank.Īlternatively, you can request that we deposit up to 2 random amounts into your bank account by selecting to Link your bank another way. We'll ask you to instantly confirm your bank if your bank is enrolled in this program. You can link your bank account instantly by entering your bank login details. You need to confirm your bank account before you can use it to make payments. Link and confirm a bank account instantly You'll enter your bank account information and we'll send you 2 small deposits within 3 business days to confirm it. You can choose to Link your bank another way. Option 2: Link and confirm a bank manually: We immediately verify with your bank they're correct and we confirm your bank. You can link your bank account instantly by entering your bank login details. If you don't want to enter your login details to confirm your bank, you can click Link your bank another way. If the instant option isn't available, enter your bank account details manually and click Agree and Link. You can link your bank instantly by entering your bank login details.Search for your bank or select it from the list.
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