ING Direct Electric Orange $50 Sign Up Bonus
Posted by Cap on October 29, 2008 |
- Sign up for an Orange Savings if you don’t have one to qualify for this bonus.
- Apply for an Electric Orange high-yield checking account.
- Use reference code: EM227 when prompted.
- Activate your Electric Orange MasterCard Debit Card.
- Use your Electric Orange Card to make at least 3 signature-based purchases in the first 45 days after your account has been opened.
- Your $50 bonus will be automatically deposited into your Electric Orange 50 days after your account has been opened.
- Note: May have hard credit inquiry when opening.
Electric Orange Features:
- High interest: 1.50% balance under $50,000; $3.05% APY for balance between $50,000 and $100,00; 3.50% APY for balance is $1000,000 or more.
- MasterCard Debit card for purchases. Free ATM access at over 35,000 ATMs nationwide. Free Bill Pay. Send money securely wih Electric Checks.
Bonus Update:
After confirming a few things, it looks like you need to open the account through a specific Electric Orange link (updated above), along with using the reference code when prompted. You’ll also need to be an existing Orange Savings customer — but there may or may not be a hard credit inquiry as you’re already an existing customer.
If you’re having trouble opening the account due to whatever error code it spits at you, just give ING a ring at 1-888-ING-0727 and they should be able to help you. Make sure you mention the reference code. Lastly, sorry for the unclear post on the sign up bonus!
From [FiveCentNickel] and [FatWallet]
4 Comments to “ING Direct Electric Orange $50 Sign Up Bonus”
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October 29th, 2008 at 1:36 pm
just curious if they pay you to pitch their product. Cus i’m getting 4% with Dollar Savings Direct with minimum $1,000 balance.
October 29th, 2008 at 2:07 pm
no ING doesn’t pay me to pitch their accounts. the orange savings account link is an affiliate link though, so if someone signs up through that I do get a commission. the electric orange link isn’t an affiliate link, I’m simply posting this because I saw it on fatwallet and figured many people might have an ING account already, and may be interested in this quick and simple bonus.
dollar savings direct from emigrant is a pretty darn good rate at 4%. i was a bit surprise when emigrant rolled that out as i don’t see why they need want to have two different high-yield online savings product, but I suppose they’re trying to capture the market with higher balance.
I actually had a pretty terrible experience with emigrant direct about 2 years ago, but I’m aware that the experience I had was sort of a results will vary ordeal.
speaking of other fairly high yield, everbank is offering a 4.65% teaser 3 month rate.
in either case, it’ll be interesting to see how some of these rate hold as the market plays out..
personally, unless an account is offering you a percentage or more, and you’re holding significant amount of cash.. it may not be worthwhile to rate chase.
October 30th, 2008 at 4:16 pm
I’m in agreement about taking advantage of all ING has to offer. One thing to keep in mind, if you’re going to need a transfer of funds, plan ahead! It can take between 2-4 days to bring funds back out of your account and out them into another bank (Wamu, BofA etc.)
It’s still a better interest rate than you’ll find in most banking, but always good to know to plan ahead. While the account is electronic, the transfer actually isn’t and the time it takes to ensure security can get you in a bind if you haven’t made sure that you’ve got time for the funding to clear. Check with your receiving bank and ING ahead of time to find out how long the process will take for you.
November 3rd, 2008 at 2:20 pm
Okay, this is pretty awesome. Thank you!