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ING Direct is one of my favorite banks becaues of the free ACH transfers, relatively high rates, and ease of use. It also has a very low instance of account fraud – an important aspect of any online bank.

I have lots of bank accounts because I keep my eye out for low hanging fruit like account opening bonuses. In 2008, I earned $1000+ in account opening bonuses.  Here’s one for you:

ING Direct Electric Orange $50 Bonus

As always, be familiar with the fine print, and enter reference code EM287 when prompted for the $50. If you don’t already have an ING direct savings account, you’ll need to open one first.

1. Click ‘Apply Now’
2. Open your Electric Orange
3. Activate your Electric Orange MasterCard® Debit Card
4. Use your Electric Orange Card to make at least 3 signature-based purchases in the first 45 days after your account has been opened
5. Your $50 bonus will be automatically deposited into your Electric Orange 50 days after your account has been opened

Beware: This will result in a hard pull on your credit report. Also read my post: ‘Bumping Hard Inquiries’