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The ING Direct Electric Orange Checking Account

Category: Bank Deals, Checking Accounts- Clark Schultz- 7:31 am/ May 19, 2009

There is a lot to talk about with the ING Direct Electric Orange checking accounts. Let’s start with the free money. ING Direct is offering a $50 bonus for opening a new Electric Orange checking account. To earn the bonus customers must meet the following criteria:

1.  Activate an Electric Orange MasterCard Debit Card
2.  Make at least 3 signature-based purchases in the first 45 days after the account has been opened
The Electric Orange checking account is a paperless checking account that promotes Green Banking  which is another way of saying the account is eco-friendly. Other features of the account include:
  • Free MasterCard Debit Card for all purchases
  • Free Online Bill Pay
  • Free ATM access at over 35,000 locations through the Allpoint network
  • Free postage -ING Direct will mail your paper checks for you

    • The Electric Orange checking account is also an interest-bearing checking account. ING Direct pays interest on the account on the following tiered-basis:

    Account balances between $0 and $49,999.99 earn 0.25% APY

    Account balances between $50,000 and $99,999.99 earn 1.60% APY

    Account balances of $100,000 or more earn 1.65% APY

    ING Direct is a FDIC-insured bank that has been offering competitive deposit rates on CDs, money market accounts, and checking accounts for over 5 years.  The ING Direct Electric Orange account does not have any required monthly balance requirements and no monthly maintenance fees. And by using online checks and receiving online statements, customers are promoting environmentally-friendly banking. This may be one of best checking account available today. Visit ingdirect.com for more information.

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