After logging into ING Direct to view my account balances this morning, I noticed the bank is offering referral bonuses like they do for their savings account. I have $625 to give away, $25 to each of 25 individuals.
I’ve written about Electric Orange a few times. Here are some of my prior posts about the account.
* ING Direct’s Electric Orange Checking Account
* ING Direct Closed Customer’s Account Due to Bad Credit
* ING Direct Offers 1% Cash Back to Some Customers
* ING Direct’s Electric Orange Send Paper Checks Feature.
As you can see, the account has both positive and negative aspects to consider. It’s important to know as much about the account as possible before opening. The bank might check your credit, considering overdraft protection is a line of credit and not linked to your savings account. They might cancel your account with notice if you overuse your overdraft protection or otherwise give them reason for doing so.
Here is how the referral works. Let me know, after reviewing the information about this account, if you still want to open one with a deposit of at least $250 by commenting or emailing that you’re interested. You must be not currently be an ING Direct customer. I will send you an email with the URL to activate your bonus. The bonus is only for those who will deposit at least $250 into their account.
If you succesfully use a referral link to open your account, you will receive your $25 immediately and it will earn interest, but you won’t be able to withdraw your bonus for 30 days. At the same time, I will receive a $10 bonus for the referral, similar to the referral system ING Direct used for the Orange Savings account.
I only have 25 of these referrals, so there’s a good chance they’ll go quickly. After opening your accoumt, you will likely receive your own set of 25 referrals.
Updated May 20, 2013 and originally published August 3, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.