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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 June 16, 2011 and originally published August 18, 2009. 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.

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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 JQ

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

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avatar Libby

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 Luke Landes ♦127,500 (Platinum)

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.

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avatar jenni

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

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avatar Joy

Please add me!

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avatar Losh

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

Thanks

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avatar Matt K

I’d like to be added to the list!

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avatar Mark

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

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avatar Tim Anderson

I’ve got referrals available!

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avatar HOBtrvlr

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

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avatar Ian

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

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avatar Al

I have referrals available! Thanks

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avatar No Debt Plan

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

Reply to this comment

avatar Revanche

Always happy to share ING referrals!

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avatar wayne

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

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avatar Anon

I would love to use my links!

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avatar kimberly

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

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avatar Des

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

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avatar Shanny

I have referrals to share. Thank you.

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avatar Morydd

I have referrals available as well. Thank you.

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avatar Matthew

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

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avatar Josh

I have both savings and checking referrals available.

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avatar Matt

I’ve got plenty of referrals to share!

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avatar ib

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

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avatar Nate

Please include me. Thanks!

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avatar Steve

Please include me in the list – Thanks Flexo!

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avatar Barbara Bennett

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

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avatar Erin Plant

add me to your list please:)

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avatar Rob

Include me as well, thanks!

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avatar skylog

i have referrals left for my checking option. thank you

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avatar Chris

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

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avatar Melissa Miller

Please add me to the list.

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avatar Patty

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

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avatar Anthony Demangone

Add me, good sir.

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avatar jonelle

add me to the list! thanks!

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avatar Jason Wier

I would love to give out referrals.

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avatar mapgirl

I still have some to give out! :-)

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avatar aliotsy

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

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avatar Brandon

Please add me to the waiting list.

Thanks!

Reply to this comment

avatar Sandy

Please add me to the list! Thanks!

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avatar ellen

Please add me to the list! Thank you!

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avatar Sean

I have referrals. Thanks

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avatar Matt

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

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avatar Greg

hello,

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

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avatar Leslie

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

Reply to this comment

avatar Erik

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

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avatar John S

Please add me to the waiting list! Thanks!

Reply to this comment

avatar MichaelM

Oooh! Add me too!

Thank you,
Michael

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avatar Jeff S

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

Reply to this comment

avatar Mike

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

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avatar Lauren

Please add me to the list! Thanks!

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avatar Matt McDaniel

Please add me to the list! Thanks!

Reply to this comment

avatar Kasey

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

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avatar josh

Please add me to the list to. Thanks

Reply to this comment

avatar Ken

I would like to be on the list!

Thanks.

Reply to this comment

avatar Ajit

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

Reply to this comment

avatar Krystin

Would like to be added to the list. Thanks!

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avatar Shing

Please add me to the waiting list! Thanks!

Reply to this comment

avatar Bryan Short

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

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avatar Pat

Please add me to list, too. Thank you

Reply to this comment

avatar sean

Please add me to list. TY

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avatar Bill Osuch

I’d like to be added to the list!

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avatar Rick Dobrowolski

Sweet! Add me!!

Reply to this comment

avatar Blair

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

Reply to this comment

avatar Ally

Please add me to the waiting list. Thank you!

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avatar M Francis

Please add me to the list. Thanks!

Reply to this comment

avatar savvy

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

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avatar irene

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

Reply to this comment

avatar Katherine

I’d love to contribute more referrals as well!

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avatar Mary

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

Reply to this comment

avatar Leigh

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

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avatar David C

Could you add me to the ING list too?

Reply to this comment

avatar Cheryl

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 Pat

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

Reply to this comment

avatar Luke Landes ♦127,500 (Platinum)

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

Reply to this comment

avatar tmg

Please add me to the list!

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avatar daub815

Please add me to the list. Thanks.

Reply to this comment

avatar Dave

I am interested in giving out referrals. Thanks.

Reply to this comment

avatar Twiggers

WOuld love to be added to the list!

Reply to this comment

avatar Nola

I have Canadian referrals, if you need them

Reply to this comment

avatar Luke Landes ♦127,500 (Platinum)

Nola: Please see my response to Pat above.

Reply to this comment

avatar Lindsay

Please add me. Thanks!

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avatar Karina

Please add me, too. Thanks!

Reply to this comment

avatar Corey

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

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avatar Mrs. Money

I am interested! Thanks so much for the opportunity!

Reply to this comment

avatar Will

I’d like to be included

Reply to this comment

avatar peggy

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

Reply to this comment

avatar Eric

Please add me. Thanks!

Reply to this comment

avatar Glenn Lader

Please add me to the list. Thanks!

Reply to this comment

avatar Dave

Please add me to the list. Thanks!

Reply to this comment

avatar John Giordano

I’d like to get on your ING list.

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avatar con

Please add me to the list

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avatar aj

please add me to the list

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avatar Kevin

Please add me to the list. Thanks so much!

Reply to this comment

avatar Rebekah Frank

Add me to the list!

Reply to this comment

avatar Corey

Please add, txs.

Reply to this comment

avatar Diane

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

Reply to this comment

avatar Pete

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

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avatar Greg

Please add me to the list!

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avatar Carrie

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

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avatar Cathy

Me too, me too. Thanks!!

Reply to this comment

avatar Eze

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

Reply to this comment

avatar Luke Landes ♦127,500 (Platinum)

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 Jason

I would like to share my referrals. Thank you.

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