The old adage goes that if a deal sounds too good to be true, it probably is. Ignore Grandpa on this one, though, because ING Direct is literally giving money away.

Open an account and earn cash for every member of your family!

There are several accounts and  bonuses, but two that you’ll want to focus on: a checking account for adults and a savings account for kids.

All accounts are free, have no minimum balance requirements and most importantly carry NO monthly fees.  There is no catch! This is the real deal! KCL uses these accounts and highly recommends them.

Get $125 for opening ING Electric Orange Checking Account

  • Open Electric Orange Checking Account by Nov. 25, receive a debit card in the mail and make a total of 10 deposits or purchases using that card within 45 days.
  • A $125 bonus is automatically deposited into your account on day 50.
  • No minimum balance.  No monthly fees.

Get $10 for opening a new ING Direct Kids Savings Account

  • Open a Kids Savings Account with as little as a fifty cent deposit.  There are no required transactions to get your bonus!
  • $10 bonus starts earning interest immediately, and is available for withdrawal after 30 days.

Take advantage of this deal by 11:59 p.m., EST, on Nov. 23, 2012. Apply quickly!


Is a credit check required?

The ING Electric Orange account has overdraft protection, which acts as a temporary line of credit, should you overdraft on your account.  Because of this protection, credit is routinely pulled- not always, but often. Your credit will NOT be pulled for opening Kids Savings Account.

Is there a purchase minimum for the checking account?

ING says “No minimum”, but KCL found out that there is a minimum of fifty cents. Not bad, right?

How soon must I make the purchases for the checking account?

You must make the required purchases for the $125 Electric Orange Bonus within 45 days.

Can I apply for each of my family members?

Yes, ING Direct offers special savings accounts for teens and children. You will receive a bonus for each account opened.  There is no limit to the number of account bonuses per household.

Can I cancel at any time?

Yes, but you must wait the 50 day minimum to get the bonus.