Open the ING direct electric orange checking account – avail $50 bonus

ING Direct Electric Orange Checking Account is a good bet if you are shopping around for a new checking account as you can avail a bonus of $50 towards your balance if you open an account with them.

You can have access to around 35,000 ATMs if you bank with ING Direct and you need not have to worry about paying your monthly fee or maintaining a minimum balance ever again. With this account, you will also not be required to pay the overdraft fee. When you bank with them, you can easily earn an APY of up to 1.15 on balances over 100,000. Checking account holders will also be able to earn 0.25% APY on balances that are below $50,000, and 1.10% APY on balances that are between $50,000 and $100,000.

The ING Electric Orange checking account also has person-to-person payment capabilities, free online bill payment options, a free MasterCard debit card, and free postage if you mail paper checks. At a time when free checking accounts seem to have vanished along with the rest of the banking perks, this comes as some sort of a consolation to know that there is at least one bank that is doing something to ensure that you don’t burn a hole in your pocket.

If you have to get this deal, all you need to do is to just apply online for the Electric Orange checking account, make three purchases with the card, or person-to-person payments within a period of 45 days after opening the account. Once you do this, you will receive the $50 bonus within 50 days of opening this account and this is an ongoing deal.

However, this account is not completely free. The Electric Orange checking account will charge an interest if your account drops to below zero and you will also have to pay for stop payments on checks, overnight check delivery, and on foreign transactions.

In case you are still unsure about whether you should pick other banks for your online banking requirements, then you should check out the websites that offer a comparison of banks, before you can decide. If you did not have the ING Direct checking account in mind, then you must make sure that you shop around and find something that suits your requirements. When you check out the other banks, check to see if you can find such features in their products as well.