Additional $50 from ING Direct

Posted by Madison

Now that we’ve all gotten our ING $25 Bonus, it’s time to cash in for $50 more!

Heather A. sent me an email about a great deal she found by signing up for a new Electric Orange checking account at ING Direct.

$50 Sign Up Bonus

Here is how to get your $50 bonus:

  • You must have an ING savings account. If you don’t have one you can sign up here.
  • Sign into your ING account, and select the option to open a new Electric Orange account.
  • Enter the reference code: EM227. (Once you finish the sign up process, it will put a little link to describe the bonus next to the account name in your account overview.)
  • You’ll get a debit card in the mail. Use it to make 3 signature-based purchases within the first 45 days.
  • Your $50 Bonus will be credited 50 days after your account has been opened.

When Heather A. heard about the promotion, she was told it ended on Oct. 31. However, she opened an account on Nov. 6. I signed up on Tuesday, just to make sure the code still worked, and it did, so I’m not sure on the new expiration date. Use it while you can!

Electric Orange Account

Here’s some more info about the account that you might want to know:

Initial Deposit Requirement: None. I opened my account with 25 cents!

What’s a signature-based purchase? Since this was part of the requirements, I needed to know! Here’s the ING answer from their terms and conditions:

It’s a Card purchase made without using your Personal Identification Number(PIN) when paying. A majority of transactions don’t involve a PIN and are considered signature-based purchases.

Examples of signature-based transactions include:

  • Any purchases that require your signature(choosing ‘Credit’ instead of ‘Debit’) when checking out.
  • Internet, phone or mail order purchases.
  • Using your Card for automatic bill payments like your cell phone, cable or utilities.

Thanks to Heather A. for pointing out the Free Money for all of us to enjoy!






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Comments to Additional $50 from ING Direct

  1. Does anyone else totally avoid debit cards? I refuse to have one. While fraud is generally unlikely, I don’t like the fact that the money is taken out immediately. Citibank sent some to us a few years ago to replace our ATM cards and I refused, asking only for the regular ATM cards. Hate to walk away from $50, but not worth it to me. Anyone else feel the same or am I just paranoid?

    CF

  2. @ CF: I don’t use debit cards much either. I prefer to use credit cards or cash for my purchases. I plan to get my $50, then go back to my using my regular purchasing cards.

    I’m interested to hear what people have to say about debit cards. I remember a while back and it seemed to be that people either love them or hate them.

    Madison

  3. I hate debit cards, mainly because I used them for little purchases but forgot to subtract them from the checkbook. There’s nothing more frustrating than being $7.37 off when you balance your checkbook, and trying to find the three small purchases that you missed.

    While I still have a debit card, it’s not in my wallet. I only use it at the ATM when the bank is closed – and it’s very useful the three times each year that I use it. :)

    With that said, I signed up for the ING debit card last month to take advantage of the bonus. I put $10 on the card and used it to make three small purchases. After I receive and spend my $50 bonus, I plan to close the account.

    Stacey

  4. For those who already have an ING orange account can receive $20 if they make at least 5 purchases with their debit card of $10 or more between 11/1-11/30.
    Here is the website:
    http://ingdirect.com/wise/

    Gaby

  5. Do you have to apply for the debit card or will they automatically send it to you?

    MONA

  6. Thanks for the article. Just wanted to let you all know that the bonus worked for me just now. I already had a Sharebuilder and Orange savings account, so opened the checking account with $5.00 from my Orange savings account…it’s getting to be pretty “orange” around here, but that’s OK. I’ve gotten free money for opening each account this year and ING’s website is the easiest to use of all my online money and investing accounts.

    Steve

  7. Thanks for the link on the $20, I had no idea about it! We’ve made one purchase already over $10, now that I know I’ll make sure I get 4 more.

    Ifi

  8. the promo code to get the 50$ EM227. Says its expired??? help…

    Adam

  9. Another bonus, if you automatically transfer a minimum of $100 a month to your savings account between now and April 2009, ING Direct will have you entered into a drawing for 10 times your monthly deposit. The prize limit is $50,000.

    linda

  10. I’m sorry to say it but I hope the offer has expired because I couldn’t get into the account and had to have them resend the pin number, which will take 7 days! AGH!!!

    Mrs. Accountability

  11. Madison, help! Is there any way you can verify that I used one of your links to sign up for Virtual Bank? I am looking at the account (doggone it, I forgot about this one!) and I never got my $20 bonus. I am pretty sure I used one of your links on the post. I have emailed their customer service but I see from previous comments that I need to confirm that I used you as a referral. Thanks in advance.

    Mrs. Accountability

  12. i was able to sign up for the checking account with the $50 bonus just now. Once I signed up (and entered the EM227), there was a link to Get a Bonus – which I clicked on and it said:

    How to get your Electric Orange Bonus
    · Activate your Electric Orange MasterCard@ Debit Card.
    · Use your Card to make at least 3 signature-based purchases within the first 45 days. After you do that, your $50 Bonus will be automatically paid to your Electric Orange, 50 days after your account has been opened.
    · Keep in mind, only one Electric Orange per customer.

    What’s a signature-based purchase?
    It’s a Card purchase made without using your Personal Identification Number(PIN) when paying. A majority of transactions don’t involve a PIN and are considered signature-based purchases.

    Examples of signature-based transactions include:
    · Any purchases that require your signature(choosing ‘Credit’ instead of ‘Debit’) when checking out.
    · Internet, phone or mail order purchases.
    · Using your Card for automatic bill payments like your cell phone, cable or utilities.

    jen

  13. I hate credit cards, so I use debit cards. The cheapest gas station here, Arco, takes them, but not credit cards. I like ING, but transfers can be slow.

    Lost Cause

  14. Actually, if you transfer money between ING accounts, from one of your ING savings accounts to your ING Electric Orange checking account for example, then the transfer occurs instantaneously and the funds are immediately available.

    These funds will show up in your Electric Orange account as soon as you click the “Accept” button, so this option is great in a pinch and faster than transferring to your non-ING account if an emergency (or need) arises.

    Heather A.

  15. still working today. I just signed up. Thanks for the tips.

    bigtimetopbanana

  16. The $50 bonus code is still working.

    Thrifty Femme

  17. @ Thrifty Femme: Thanks for the update! Glad to hear it is still working!

    Madison

  18. I signed up for it today!

    Mrs. Accountability

  19. I signed up for it today. Super easy!

    Bryan


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