ING Direct $121 Electric Orange Account Opening Bonus

In a rare promotional event, ING Direct is offering $121 account opening bonus for it Electric Orange Checking Account on Black Friday, November 27, 2009.

The reason for setting the bonus at $121, which seems to be a generous but odd amount, is that the bank says that consumers pay $121 overdraft fee every year on average. With ING Electric Orange, you get a lot of features from the paperless checking account for free, including free MasterCard Debit Card, free online bill pay, free access at over 35,000 ATMs through the Allpoint network, and free postage to mail your paper checks for you.

The promotion is good for today only. To get the bonus, follow these simple steps to open an account today:

1. Open an Electric Orange Checking Account on with Reference Code EOSAVE.
2. Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days.
3. On day 50, we’ll put $121 in your account. You have to open today to get the $121 bonus.

Though Electric Orange is an interest-bearing checking account, the interest rate is rather low. For balance up to $50,000, the yield is only at 0.25% APY. Of course, when you get a checking account, earning interests isn’t never the main goal.