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ING Direct Electric Orange Promotion - $10 or $20?

POSTED ON BY

ING DIRECT
Update 12/12/08: ING Direct posted the $20 bonus in my Electric Orange Account yesterday! Hopefully, they'll have more promotions like this in the future.

ING Direct has started a new promotion for its Electric Orange customers. Emails were just sent. Make at least 5 purchases of $10 each with your Electric Orange Debit card in November, and ING Direct will deposit a bonus into your EO account on December 15th. It appears ING Direct enrolled existing customers of the Electric Orange Account. According to the ING Direct CSR, this is a targeted promotion. If you're not already an EO account holder, you may not be able to qualify for this promotion if you apply now.

ING Direct apparently had two bonus levels: $10 and $20. I received the email for the $10 bonus, but the email listed the link to ingdirect.com/wise which mentioned the $20 bonus. A reader forwarded me her email, and the email listed $20 but it linked to ingdirect.com/spendwise which mentioned the $10 bonus. It appears they mixed up the emails and the links. So when I called, I asked about which one I would qualify for. The CSR made a note to my account so if on 12/15 I only get $10, I can call and get it changed to $20. So if you've received this email and are interested in this promotion, I recommend calling to ensure you get the $20 bonus. I would expect a new email may come out soon to correct this mistake. Hopefully, everyone will qualify for the $20 bonus. It should be an easy $20.

If you're not yet an ING Direct customer, there is a $25 referral bonus that's available. You can email me at bankdeals at gmail.com. Please include your first and last name, and let me know which account referral you want (savings or checking). Note, the bonus requires a minimum initial deposit of $250.

ING Direct is known for its easy online interface rather than the best rates. However, it does have a few features that are not the best for an online bank. These have to due with their ACH transfer system. The downsides include:
  • limit of 3 linked checking accounts
  • Linked account must be a personal checking account, not a brokerage, money market or savings account
  • ING Direct places a hold of 5 business days for deposits (initial deposit has a 10-day hold)
One important improvement ING Direct made a year or two ago was the capability to add links online without having to send in a voided check.

ING Direct's bank deposit products are FDIC insured (FDIC Certificate # 35489)

  Tags: ING DIRECT, checking account

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Comments
11 Comments.
Comment #1 by Anonymous posted on
Anonymous
I actually got a $50 Electric Orange Bonus

Make 3 purchases with your Electric Orange Debit card by 30 days. $50 Electric Orange Bonus

Start with a $50 bonus. Here's how:
Click 'Apply Now'
Open your Electric Orange
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

1
Comment #2 by Anonymous posted on
Anonymous
Hello again:

ING electric checking account, you could get a $50 bonus with promo code EM227.

You must make at least 3 signature-based purchases in the first 45 days after your account has been opened with your Electric Orange card.

1
Comment #3 by Anonymous posted on
Anonymous
Hope it still works!

1
Comment #4 by Anonymous posted on
Anonymous
Lol...Just trying to butter you folks up before they are the first to drop their rates today.

1
Comment #5 by Juggler314 (anonymous) posted on
Juggler314
yet...

1
Comment #6 by Juggler314 (anonymous) posted on
Juggler314
Hmm...I haven't gotten anything from ING yet...

1
Comment #7 by fife (anonymous) posted on
fife
@ juggler314 & others,

"If you're not already an EO account holder, you may not be able to qualify for this promotion if you apply now."

I was half waiting for an email myself form ING Direct then realized I don't even have an Electric Orange account, just a savings. The fact that signing up for EO may not guarantee I can take advantage of this easy 10, 20 or 50 dollar promotion causes me to think twice.

1
Comment #8 by Anonymous posted on
Anonymous
fife,

$50 Electric Orange Bonus is for new Electric Orange accounts

on 'Application, enter promo code EM227

if expired, just cancel 'Application

1
Comment #9 by Anonymous posted on
Anonymous
The signup page for the $50 promotion does not seem to require a promotion code. I wonder if em227 is actually a referral code?

1
Comment #11 by Anonymous posted on
Anonymous
Any current $50 or better promo codes. Or is this true:"The signup page for the $50 promotion does not seem to require a promotion code"

1
Comment #14 by mafiesso (anonymous) posted on
mafiesso
EM289 is good for $50 until 7/15. I just got this in the mail and opened 2 accounts for my wife and I.

You must make at least 3 signature-based purchases in the first 45 days after your account has been opened with your Electric Orange card

1