As featured in The Wall Street Journal, Money Magazine, and more!
     

Earn $500 By Referring Friends and Readers to ING Direct

This article was written by in Banking. 110 comments.

Update: The waiting list is currently full. Keep reading Consumerism Commentary (or subscribe) to be notified when the waiting list is open again.

ING Direct is one of my favorite banks due to their savings account. While ING Direct’s Online Savings Account does not offer the highest interest rate, they are consistently towards the top offering much more to savers than a typical brick and mortar savings bank, have a fantastic website, and offer a smooth experience when dealing with customer service.

While I have started exploring other high-yield savings accounts like FNBO Direct (review), Ally Bank (review), and EverBank (review) I still use ING Direct for the bulk of my cash management.

Here are some of the ways I currently use ING Direct:

  • Every two weeks, my pay check is automatically deposited in my ING Direct checking account (known to the locals as “Electric Orange”).
  • Each month, several services deposit money directly into a couple savings accounts at ING Direct.
  • My money at ING Direct is split into twelve sub-accounts, ten personal and two business, with names like “Orange Vacation Fund” and “Orange Emergency Fund.”
  • I have two PayPal accounts, and one sub-account at ING Direct corresponds to each. This way I can maintain very small balances in the linked accounts to prevent problems with PayPal. When I withdraw money from PayPal into ING Direct, I can move the money to a different sub-account immediately.
  • ING Direct works with Quicken‘s Direct Connect feature, which means I can download my bank transactions from the software and reconcile the account automatically.
  • My credit cards are configured to automatically deduct the full amount of my bill from my ING Direct checking account on the date the payments are due.

Although ING Direct’s interest is not competitive with the newest online banks, you can match or exceed the income generated by this savings account by using the bank’s referral feature. For each friend you introduce to the bank, ING Direct will thank you with $10 for you and $25 for your friend in the form of an interest bonus. You have 50 opportunities to earn the $10 bonus for a total of $500.

Unless you’re extremely well-connected, it is unlikely you have 50 friends who are interested in opening an account in ING Direct (though they should be). So for the last year or so I’ve been helping Consumerism Commentary readers by connecting them with potential new ING Direct customers. Through this announcement last year, I’ve already helped over 300 readers earn some extra money towards their $500 limit.

I am running out of names of readers waiting for their turn to earn a bonus so I am re-opening the waiting list. If you are interested in earning bonus interest from ING Direct, comment here (comments on this post are now open) or on any earlier article about ING Direct and mention you’d like to be added to the waiting list. I will cut off the waiting list at about 100.

Update: The waiting list is full again as of 11:15 PM ET on August 18, 2009, eleven and a quarter hours after this notice was posted. Thank you, everyone. I’ll post a new message in a few months when the waiting list is open again.


Updated August 13, 2015 and originally published August 18, 2009. If you enjoyed this article receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 110 comments… read them below or add one }

avatar 1 Anonymous

I have several referrals I would love to share. If there is an open spot, please add me to the list! Thanks!

Reply to this comment

avatar 2 Anonymous

Hey Flexo,

I asked to be added to you list a long time ago. I’m not sure if I did get added and you just haven’t gotten to me yet, or if I didn’t get listed at all. I would really appreciate it if you would add me to your list. Thanks so much!!

Reply to this comment

avatar 3 Luke Landes

Hi Libby: The last time you posted a comment was unfortunately after the waiting list was already closed. This time you made it on the list.

Reply to this comment

avatar 4 Anonymous

i have referrals! please add me to the list. thank you!

Reply to this comment

avatar 5 Anonymous

Please add me!

Reply to this comment

avatar 6 Anonymous

I am interested in earning bonus interest from ING Direct, please add me to the waiting list.

Thanks

Reply to this comment

avatar 7 Anonymous

I’d like to be added to the list!

Reply to this comment

avatar 8 Anonymous

I have ING referrals for Orange Savings and Electric Orange – please add me to the waiting list. Thanks!!

Reply to this comment

avatar 9 Anonymous

I’ve got referrals available!

Reply to this comment

avatar 10 Anonymous

Please add me! I have referrals available for both Savings and EO.

Reply to this comment

avatar 11 Anonymous

Thanks for the offer. I have extra to share, both OS and EO.

Reply to this comment

avatar 12 Anonymous

I have referrals available! Thanks

Reply to this comment

avatar 13 Anonymous

I’ve got both EO and OS ready to offer!

Reply to this comment

avatar 14 Anonymous

Always happy to share ING referrals!

Reply to this comment

avatar 15 Anonymous

Hi, count me in. I have some Orange savings referrals available.
thanks

Reply to this comment

avatar 16 Anonymous

I would love to use my links!

Reply to this comment

avatar 17 Anonymous

Hi Flexo – I have savings referrals available. (as always, thanks for facilitating this)

Reply to this comment

avatar 18 Anonymous

I’d love to use my referrals as well :)

Reply to this comment

avatar 19 Anonymous

I have referrals to share. Thank you.

Reply to this comment

avatar 20 Anonymous

I have referrals available as well. Thank you.

Reply to this comment

avatar 21 Anonymous

I have several referrals available – both for savings and for checking.

Reply to this comment

avatar 22 Anonymous

I have both savings and checking referrals available.

Reply to this comment

avatar 23 Anonymous

I’ve got plenty of referrals to share!

Reply to this comment

avatar 24 Anonymous

hi there! please include me. thanks a lot. (savings acct referrals)

Reply to this comment

avatar 25 Anonymous

Please include me. Thanks!

Reply to this comment

avatar 26 Anonymous

Please include me in the list – Thanks Flexo!

Reply to this comment

avatar 27 Anonymous

I have referrals to use. Please add me to the waiting list. Thanks!

Reply to this comment

avatar 28 Anonymous

add me to your list please:)

Reply to this comment

avatar 29 Anonymous

Include me as well, thanks!

Reply to this comment

avatar 30 Anonymous

i have referrals left for my checking option. thank you

Reply to this comment

avatar 31 Anonymous

Count me in. I’ve been waiting for a waiting list.

Reply to this comment

avatar 32 Anonymous

Please add me to the list.

Reply to this comment

avatar 33 Anonymous

Hi, I have referrals for electric orange. Would love to be included. Thank you.

Reply to this comment

avatar 34 Anonymous

Add me, good sir.

Reply to this comment

avatar 35 Anonymous

add me to the list! thanks!

Reply to this comment

avatar 36 Anonymous

I would love to give out referrals.

Reply to this comment

avatar 37 Anonymous

I still have some to give out! :-)

Reply to this comment

avatar 38 Anonymous

I have a few, too. Thank you, Flexo.

Reply to this comment

avatar 39 Anonymous

Please add me to the waiting list.

Thanks!

Reply to this comment

avatar 40 Anonymous

Please add me to the list! Thanks!

Reply to this comment

avatar 41 Anonymous

Please add me to the list! Thank you!

Reply to this comment

avatar 42 Anonymous

I have referrals. Thanks

Reply to this comment

avatar 43 Anonymous

I have referrals. Please add me to the waiting list. Thanks!

Reply to this comment

avatar 44 Anonymous

hello,

i am interested in creating referral links for people to set up INGDirect accounts =)

Reply to this comment

avatar 45 Anonymous

I’d like to be added to the list too. Thanks!

Reply to this comment

avatar 46 Anonymous

I am interested in earning bonus interest from ING Direct. Please add me to the waiting list. Thank you!

Reply to this comment

avatar 47 Anonymous

Please add me to the waiting list! Thanks!

Reply to this comment

avatar 48 Anonymous

Oooh! Add me too!

Thank you,
Michael

Reply to this comment

avatar 49 Anonymous

would like to be added to the waiting list .. thanks

Reply to this comment

avatar 50 Anonymous

I am interested in being added to the list. Thanks!

Reply to this comment

avatar 51 Anonymous

Please add me to the list! Thanks!

Reply to this comment

avatar 52 Anonymous

Please add me to the list! Thanks!

Reply to this comment

avatar 53 Anonymous

Thanks for sharing. I have had great experiences with ING direct.

Reply to this comment

avatar 54 Anonymous

Please add me to the list to. Thanks

Reply to this comment

avatar 55 Anonymous

I would like to be on the list!

Thanks.

Reply to this comment

avatar 56 Anonymous

I would be interested in being added to the list, thank you very much !

Reply to this comment

avatar 57 Anonymous

Would like to be added to the list. Thanks!

Reply to this comment

avatar 58 Anonymous

Please add me to the waiting list! Thanks!

Reply to this comment

avatar 59 Anonymous

Please add me to the waiting list, I have ING Referrals to give.

Reply to this comment

avatar 60 Anonymous

Please add me to list, too. Thank you

Reply to this comment

avatar 61 Anonymous

Please add me to list. TY

Reply to this comment

avatar 62 Anonymous

I’d like to be added to the list!

Reply to this comment

avatar 63 Anonymous

Sweet! Add me!!

Reply to this comment

avatar 64 Anonymous

Ooo, me, me! I have so many referrals for peoples to have!

Reply to this comment

avatar 65 Anonymous

Please add me to the waiting list. Thank you!

Reply to this comment

avatar 66 Anonymous

Please add me to the list. Thanks!

Reply to this comment

avatar 67 Anonymous

I’d like to be added to the waiting list for the Electric Orange referrals.

Reply to this comment

avatar 68 Anonymous

Flexo – I’d love to be on the referral list! Thanks!

Reply to this comment

avatar 69 Anonymous

I’d love to contribute more referrals as well!

Reply to this comment

avatar 70 Anonymous

I would love to be added to the list. Thanks!

Reply to this comment

avatar 71 Anonymous

If there’s still room, add me. I love my ING accounts!

Reply to this comment

avatar 72 Anonymous

Could you add me to the ING list too?

Reply to this comment

avatar 73 Anonymous

I would LOVE to share my ING bonus links with you here – you wouod really be helping me boost my mini emergency fund!

Reply to this comment

avatar 74 Anonymous

If you have a list for Canadian ING Direct users I’d love tp be added

Reply to this comment

avatar 75 Luke Landes

Sorry, unfortunately I only have the capacity to handle U.S. accounts only.

Reply to this comment

avatar 76 Anonymous

Please add me to the list!

Reply to this comment

avatar 77 Anonymous

Please add me to the list. Thanks.

Reply to this comment

avatar 78 Anonymous

I am interested in giving out referrals. Thanks.

Reply to this comment

avatar 79 Anonymous

WOuld love to be added to the list!

Reply to this comment

avatar 80 Anonymous

I have Canadian referrals, if you need them

Reply to this comment

avatar 81 Luke Landes

Nola: Please see my response to Pat above.

Reply to this comment

avatar 82 Anonymous

Please add me. Thanks!

Reply to this comment

avatar 83 Anonymous

Please add me, too. Thanks!

Reply to this comment

avatar 84 Anonymous

I would like to be put on the list. I have referrals available.

Reply to this comment

avatar 85 Anonymous

I am interested! Thanks so much for the opportunity!

Reply to this comment

avatar 86 Anonymous

I’d like to be included

Reply to this comment

avatar 87 Anonymous

I have Electric Orange referrals (not savings). Please add me to the EO list.

Reply to this comment

avatar 88 Anonymous

Please add me. Thanks!

Reply to this comment

avatar 89 Anonymous

Please add me to the list. Thanks!

Reply to this comment

avatar 90 Anonymous

Please add me to the list. Thanks!

Reply to this comment

avatar 91 Anonymous

I’d like to get on your ING list.

Reply to this comment

avatar 92 Anonymous

Please add me to the list

Reply to this comment

avatar 93 Anonymous

please add me to the list

Reply to this comment

avatar 94 Anonymous

Please add me to the list. Thanks so much!

Reply to this comment

avatar 95 Anonymous

Add me to the list!

Reply to this comment

avatar 96 Anonymous

Please add, txs.

Reply to this comment

avatar 97 Anonymous

Interested in the ING bonus list, if it’s not full.

Reply to this comment

avatar 98 Anonymous

Please put my name on the list; the referral bonus would be great! Thanks!

Reply to this comment

avatar 99 Anonymous

Please add me to the list!

Reply to this comment

avatar 100 Anonymous

I would like to be added to the list. Thank you!

Reply to this comment

avatar 101 Anonymous

Me too, me too. Thanks!!

Reply to this comment

avatar 102 Anonymous

I’m happy to share my referrals. Thanks, Flexo.

Reply to this comment

avatar 103 Luke Landes

The waiting list is full again as of 11:15 PM ET on August 18, 2009, eleven and a quarter hours after this notice was posted. Thank you, everyone. I’ll post a new message in a few months when the waiting list is open again. Any comments below this will not be eligible for the current waiting list.

Reply to this comment

avatar 104 Anonymous

I would like to share my referrals. Thank you.

Reply to this comment

avatar 105 Anonymous

Hey, for those who were in before 100, I’m curious when/how they’ll be contacted… emailed as spaces open or what?

Reply to this comment

avatar 106 Anonymous

Any thoughts on doing this with other banks. I use Citibank, and I’ve seen advertising saying you can earn $500 by referring 5 friends.

Reply to this comment

avatar 107 Luke Landes

I haven’t seen that advertising, but if there are enough people who are interested, I would happily help them out.

Reply to this comment

avatar 108 Anonymous

I made it in this waiting list. Will you be e-mailing us to get our referral links, or how does this work? Thanks!

Reply to this comment

avatar 109 Luke Landes

Erik: As I need more links, I send emails to the next group on the waiting list.

Reply to this comment

avatar 110 Anonymous

Do any other online savings accounts offer Direct Connect through Quicken? ING is the only one I saw mentioned in your reviews and this is a feature I would like.

Reply to this comment

Leave a Comment

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.