1. Open an Electric Orange checking 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.
Deal ends today (Friday, 27 November 2009) at 11:59 PM ET
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posted: Nov. 27, 2009 @ 12:54a
viptext
Ancient Member
posted: Nov. 27, 2009 @ 1:02a
Both of my ING Orange Savings and Electric Oranges were closed by them two months ago, since I only put $1 in them and suddenly added two external links. Do I qualify for this? Thanks.
viptext said: Both of my ING Orange Savings and Electric Oranges were closed by them two months ago, since I only put $1 in them and suddenly added two external links. Do I qualify for this? Thanks. Call ING and ask
Both times that I have opened accounts with ING with signup bonuses, they have tried to screw me out of the signup bonus. First time I called because they did not give me the bonus and did not give me it (a measly $25!) because I did not have the name of the referrer that I signed up under. Second time was when I signed up for Electric Orange, and surprise surprise I did not receive the $25 bonus within the time promised...but a call to them got me the bonus, which became available to me a month after I called them.
I would be very wary, especially with a $121 bonus! They're obviously counting on people forgetting about the bonus. Be prepared to call them and make complaints to the BBB and others if necessary.
No go for current EO account holders - you can only have one EO account. Figured, but couldn't resist trying.
tcashion3
New Member
posted: Nov. 27, 2009 @ 4:48a
cyberkost said: Can't find T&C ... but heard rumors of hard pull being involved (not worth $121 for me). Anyone knows for sure? I was about to say you are crazy, but apparently ING's new policy is "As part of the account opening process, we may or may not obtain information about you from a consumer reporting agency (a "hard pull"). If we do, we may or may not open Electric Orange for you based on that information."FAQ Link
This is a reversal from when I signed up and they were big on "We would never do anything that would ding your credit score". Quite disappointing. Appears to be associated with their overdraft line of credit, since you have to apply for an increase and they same potential hard pull would apply.
tcashion3 said: cyberkost said: Can't find T&C ... but heard rumors of hard pull being involved (not worth $121 for me). Anyone knows for sure? I was about to say you are crazy, but apparently ING's new policy is "As part of the account opening process, we may or may not obtain information about you from a consumer reporting agency (a "hard pull"). If we do, we may or may not open Electric Orange for you based on that information."FAQ Link
This is a reversal from when I signed up and they were big on "We would never do anything that would ding your credit score". Quite disappointing. Appears to be associated with their overdraft line of credit, since you have to apply for an increase and they same potential hard pull would apply.
I recall it being tied to overdraft. I'm not sure if there is an option to opt out of overdraft fee, thus avoiding hard pull. Can't confirm though.
tcashion3
New Member
posted: Nov. 27, 2009 @ 5:03a
cyberkost said: I recall it being tied to overdraft. I'm not sure if there is an option to opt out of overdraft fee, thus avoiding hard pull. Can't confirm though. According to TOS: "you need to know that by applying for Electric Orange or using our Electric Orange features, you're also applying for an Overdraft Line of Credit. If you don't want the Overdraft Line of Credit, you can't have Electric Orange."
Also, they're including billpay and other transactions as "signature-based." It should just say non-PIN transactions. Here's the T&C:
Examples of signature-based transactions include: · Any purchases that require your signature(choosing 'Credit' instead of 'Debit') when checking out. · Internet, phone or mail order purchases. · Using your Card for automatic bill payments like your cell phone, cable or utilities.
2. Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days. Put $3 into the account, then commit three separate transactions at Amazon.com worth $1 each (assuming you have Amazon Prime free shipping), and still qualify?
dongky said: 2. Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days. Put $3 into the account, then commit three separate transactions at Amazon.com worth $1 each (assuming you have Amazon Prime free shipping), and still qualify?
ltcm said: dongky said: 2. Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days. Put $3 into the account, then commit three separate transactions at Amazon.com worth $1 each (assuming you have Amazon Prime free shipping), and still qualify?
Should be fine.
Don't forget about coupling this with the friend referral bonus- you get an additional $25 and the friend gets $10, but that requires an invitation E-mail from the friend and a $250 minimum opening balance.
vstrt
Senior Member
posted: Nov. 27, 2009 @ 7:57a
Is this only one per house hold? Or can you open one in your spouse's name and one in your name?
ltcm said: vstrt said: Is this only one per house hold? Or can you open one in your spouse's name and one in your name?
I did me + spouse for a savings account deal a while ago and both got the bonus. I did both again this morning and don't see any problems in the T&C. just wondering...how many points were deducted from your credit score, if any?
Have Electric Orange Checking - could not open another one to take advantage of this, so new customers only (unless I goofed somehow).
From ING Q&A: Can I have more than one Electric Orange checking?
Customers can only have one Electric Orange. For example, if you have a joint Electric Orange with another Customer, you cannot have another Electric Orange with anyone else or a single Electric Orange in your name only.
pennypicker
Thrifty Member
posted: Nov. 27, 2009 @ 1:26p
i couldn't find anything about an early account closure fee, or a any fee schedule for that matter....does anyone know?
cruisergirl
New Member
posted: Nov. 27, 2009 @ 1:35p
I was approved immediately: "Congratulations! Your Electric Orange is open and your bonus will be credited." It's my first ING Direct account- what a nice bonus for Black Friday! Glad I stopped by Fat Wallet today. Thank you!
they ask how much you want overdraft to be, if you list it as -$0-, it should not be a hard pull (YMMV)
FlyingBoat
Senior Member
posted: Nov. 27, 2009 @ 1:47p
So what is "3 signature transactions" ? I hardly sign for anything anymore. Does it count to use this at the pump or for an online purchase of something or at a grocery store, etc? If something purchased from Amazon is a "signature transaction" then what is a non-signature transaction?
During the signup process, it give you a page where you can select your overdraft limit. Options were $0, $165, $500, and $1000. So what exactly is the purpose of a $0 overdraft account?
skwz
Member
posted: Nov. 27, 2009 @ 2:09p
Opted for $0 overdraft and still was a hard upll (Equifax). Had a personal savings with them too.
dacii
Member
posted: Nov. 27, 2009 @ 2:11p
It's a hard pull regardless of the overdraft amount. So what the hey, go for the max.
poncedelabank
Member
posted: Nov. 27, 2009 @ 2:11p
I also put $0 for the overdraft protection. I hope there is no hard pull.
I have had an ingdirect savings account with no balance for 5 years. The options for the overdraft protection were $0, 165 and 500.
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edited: a hard pull from Equifax from ING Direct just appeared on my Equifax report, per Credit Secure.
The terms on the overdraft stated that the amount you select is the cut-off for your ability to continue making purchases, not the cut-off for how much you can overdraft (you can still overdraft as much as you want no matter your limit, as long as you weren't over that limit when you made the last overdrafted purchase). At least for me it did.
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