The ING DIRECT electric orange™ checking account combines their competitive APY offering along with checking and ATM features. This product puts the ING DIRECT electric orange™ checking account in direct competition with established brick and mortar banks who offer little or no interest on their checking accounts.
Opening an account online with ING DIRECT is quick and easy. Everything is done online, and a link is established between the new account to your existing account, so you can easily move your money back and forth between accounts. ING DIRECT has no minimum balance, you can open an account with as little as $1.
ING DIRECT has a very simple and easy to use interface, which along with its strong brand makes it amongst the most popular accounts in the market place.
Your FDIC-insured deposits earn interest, and you automatically receive, at no charge, online bill pay, a MasterCard® Debit Card for all purchases, and free ATM access at over 35,000 locations through the Allpoint™ network.
ING DIRECT’s overdraft protection on the Electric Orange account is a line of credit of up to $500. When you overdraw your account, your checks will still clear but you will be charged interest on your negative balance at ING DIRECT’s Prime Rate + 4%. There is no set fee per item or per day, just interest on the line of credit.
For example, you have $50 in your checking account and you write a check for $100. The check would clear your account, leaving you with a negative $50 balance. You would be charged interest at their Prime Rate + 4%, which is less than $1 per month.
If you want a steady and simple high interest account, with access to a large, no-fee ATM network, then the ING DIRECT electric orange™ is the one for you.
Apply for your ING DIRECT electric orange™ checking account today!
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