ING Direct $25 Bonus!

Recently, I was doing some research on high interest savings accounts and when I came across ING Direct, I noticed that they are offering a sign up bonus of $25 when depositing $100 initially. So I thought, what the heck, I’ll sign up for an account and review the service for my clients, and the $25 sign up bonus doesn’t hurt either.

What is ING Direct?

ING direct is an online bank (covered by CDIC) similar to other online savings accounts. That is, you do most your basic banking elsewhere, but you can transfer money back to forth to ING’s savings accounts to take advantage of their relatively competitive interest rates. There are no fees on ING direct’s accounts.

Account Offerings

TFSA – ING Direct is currently offering the highest interest rate on a TFSA in Canada at 2%. In addition to regular savings TFSA, they offer mutual fund and GIC TFSAs.

High Interest Savings - ING’s high interest account is similar to the PC Financial account except with a slightly higher interest rate. This is the account that I opened to claim my $25 freebie.

Chequing – ING’s newest THRiVE chequing account pays up to 1.10% of interest on daily balances. This account is most similar to any other chequing account from any of the major banks without fees!

Business Savings Account – ING offers incorporated business, sole proprietorship’s and partnerships a high interest savings account. This account can be used to set aside excess cash or for short term investments. Current rates are 1.25% as if the publish date of this article. There is no minimum amount for this account is perfect for all small businesses.

The Sign up Process was painless and very quick. All they needed was basic information along with basic banking info from which the client who will be transferring money from. After that, a cheque needs to be mailed in to verify banking information. From the beginning to end, the whole process took about 3 business days, with about 20 minutes worth of “work”.

$25 ING Direct Sign-up Referral Bonus

In order to get the $25 ING Canada freebie:

1.Start your application.

2.When the form asks, use the orange key code 35934724S1  (new and working)

3.Deposit at least $100 with your initial bank verification cheque .

After your account is opened, you’ll notice the $25 bonus appear in your transaction history. Note that the code above is good for only fifty uses, so use it while you can. I don’t expect it to last long.

Anyone else with ING Direct? What has your experience been like?