I opened up my ING accounts last year and I'm very happy so far. Their website is great. No fees, and every dollar in your account earns interest. If you decide to open an account with them, this Orange Key still works and will get you a $25 signup bonus!
To sign up with this Orange Key, go to: http://www.ingdirect.ca/referafriend/
Orange Key 35934724S1
Thursday 16 June 2011
ING Direct Thrive vs PC Financial – Battle of Free Chequing Accounts
It looks like the no-fee chequing account space is heating up with ING Direct being the newest player in the market. ING has introduced a new online based chequing account, called “Thrive“, and is direct competition to PC Financial’s offering.
As a client of PC Financial since its inception, I must say that I’m a fan of the no-frills account. What I like is that I can write cheques without the fee of buying the cheque book and the bonus of not requiring a minimum balance. Another bonus is the ability to transfer money to/from any other bank account (ie. other big 5 bank) without fees and the recent addition of Email Money Transfer ($1.50). The downside, of course, is that since it’s an online operation, the lack of human/teller access can be inconvenient at times (like when getting a bank draft).ING’s Thrive offers more or less the same features as a PC Financial account, but with noticeable differences as well. For one, in order to make a deposit or withdrawal for free, the client will need to access an ATM within the Exchange Network, which is the network used for credit unions. PC Financial, on the other hand, uses CIBC’s ATM network for their cash needs. One feature that is quite innovative in the ING account is that they allow up to $250 in overdraft without interest or fees providing that it’s paid back within 30 days. Another feature that I really like about the ING account is free email money transfers where it costs $1.50/transfer with PC Financial or other institutions.
| ING Thrive | PC Financial | |
| Monthly Fee | $0 | $0 |
| Cheques | Free (1st book free) | Free |
| Minimum Balance | $0 | $0 |
| Deposits* | Free | Free |
| Withdrawals* | Free | Free |
| Bill Payments | Free | Free |
| View Cheques Online | Free | Free |
| Transfers to Savings | Free | Free |
| Email Money Transfer | Free | $1.50 |
| ATM Access | Exchange Network | CIBC ATMs |
| Extras | Email notifications for withdrawals, up to $250 in overdrawn funds without fees or interest. | Free connection with any other bank account. |
Overall, although there isn’t a big difference between the two competitors, it’s a great thing for consumers as they have another option for no fee banking. The new ING chequing account will be a great addition for those who already have an ING savings account. Will I be switching from PC Financial to ING? Probably not. Although the free email money transfers (EMT) are appealing, I like the convenience of linking and transferring money to/from my other bank accounts with a couple mouse clicks. I would be able to transfer out of my ING account for free via EMT but transferring money to the ING account electronically would be an issue.
What are your thoughts on the new ING Thrive Chequing Account? Will you be switching?
ING Direct Canada: A Review
ING Direct Canada
I opened a Tax Free Savings Account (TFSA), an ISA (Investment Savings Account), and the new Thrive No-Fee Chequing Account with ING Direct Canada after I found out that I could make a bonus $25.00 for signing up with ING Direct Canada using their Orange key promotion. It’s a great promotion that I would suggest you not pass up. Who could pass up a free $25.00 bonus to jump start your savings? All you need to do is sign up for a new account at ING Direct Canada, and deposit a minimum $100.00 and within a few business days your account will be set up with your initial deposit and your ING Direct Bonus $25.00. Make sure you use this Working ING Direct Orange Key Code: 35934724S1 to claim your $25.00 ING Orange key bonus.
I have been very impressed with ING Direct’s service so far especially the remarkably simple and easy-to-use website and how easy it is to transfer money from one bank account to another, so I thought would offer a review of ING Direct Canada, and their ING Direct Canada Orange Key promotion.
ING Direct Canada offers a range of savings products that are designed for people who don’t want to spend every hour of every day managing their money. The accounts of most interest to ordinary Canadian consumers are documented below. They do have other accounts so please take a few minutes and browse their ING Direct Canada site to see which account will work best for you, so so can claim your ING Direct Canada Orange key bonus.
I’ve already mentioned the website – it’s very simple to use and is designed for people who don’t want to navigate a cumbersome web interface. The options are streamlined and focussed. I’ve never needed to call ING Direct Canada, because I can do everything I want (including moving money into and out of ING Direct Savings Account from another a bank) on the web. That being said, my spouse has called ING Direct Canada on a few occasions and she cannot rave enough about their helpful and pleasant service.
ING Direct Canada also offers an incentive plan which gives you $25 when you open any account and making an initial deposit of $100 or more. You need what’s known as an ING Direct Working Orange Key, which you write into the appropriate part of the online application form when prompted. Here’s what to do
I opened a Tax Free Savings Account (TFSA), an ISA (Investment Savings Account), and the new Thrive No-Fee Chequing Account with ING Direct Canada after I found out that I could make a bonus $25.00 for signing up with ING Direct Canada using their Orange key promotion. It’s a great promotion that I would suggest you not pass up. Who could pass up a free $25.00 bonus to jump start your savings? All you need to do is sign up for a new account at ING Direct Canada, and deposit a minimum $100.00 and within a few business days your account will be set up with your initial deposit and your ING Direct Bonus $25.00. Make sure you use this Working ING Direct Orange Key Code: 35934724S1 to claim your $25.00 ING Orange key bonus.
I have been very impressed with ING Direct’s service so far especially the remarkably simple and easy-to-use website and how easy it is to transfer money from one bank account to another, so I thought would offer a review of ING Direct Canada, and their ING Direct Canada Orange Key promotion.
ING Direct Canada offers a range of savings products that are designed for people who don’t want to spend every hour of every day managing their money. The accounts of most interest to ordinary Canadian consumers are documented below. They do have other accounts so please take a few minutes and browse their ING Direct Canada site to see which account will work best for you, so so can claim your ING Direct Canada Orange key bonus.
- ING Thrive No-Fee Chequing Account
- Savings accounts
- Investment Savings Account
- Retirement Savings Account
- Tax-Free Investment Savings Account
- US$ Savings Account
- Business Savings Account
- Retirement Savings Plans
- Savings Accounts
- Guaranteed Investment Certificate
I’ve already mentioned the website – it’s very simple to use and is designed for people who don’t want to navigate a cumbersome web interface. The options are streamlined and focussed. I’ve never needed to call ING Direct Canada, because I can do everything I want (including moving money into and out of ING Direct Savings Account from another a bank) on the web. That being said, my spouse has called ING Direct Canada on a few occasions and she cannot rave enough about their helpful and pleasant service.
ING Direct Canada also offers an incentive plan which gives you $25 when you open any account and making an initial deposit of $100 or more. You need what’s known as an ING Direct Working Orange Key, which you write into the appropriate part of the online application form when prompted. Here’s what to do
- Decide which account you want to open (any of the accounts mentioned above)
- Go to http://www.ingdirect.ca/referafriend/
- When prompted in the form, enter this Working Orange Key 35934724S1 and within a few days after mailing in your cheque your ING direct account will be set up with your intial $100, and your $25 dollar sign up bonus. What could be easier?
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