Online Checking Accounts: Part 2 - Electric Orange Checking From IngDirect

Online Checking AccountsContinued From:
OCA-Part 1: Freedom Checking From BOFI

In our series on Online Checking Accounts today we analyze IngDirect's Electric Orange Checking Account. We had profiled them in March 2007. But things change pretty fast in the dynamic world of finance. This gives us the liberty to take a fresh look at this great product from ING Direct.

Electric Orange is America's first all electronic paperless checking account with a high yield APY. It is offering an attractive range of varying APYs depending on the principal in the account.

  • Online Link: Deal & Details
  • One of the highest APYs for online checking accounts
  • Annual percentage yields apply to your entire balance.
  • Free Bill Pay
  • A MasterCard® Debit Card for purchases and ATM access
  • Free ATM access at more than 32,000 locations nationwide
  • Send money securely to anyone for Free with Electric Checks.
  • Automatic protection with your Overdraft Line of Credit.
IngDirect is FDIC insured and has a 3 star rating by Bankrate which means that it is a performing financial institution. If you wish, you may further check its credentials and performance using the steps listed here.

Since Electric Orange is a paperless checking account, it might not serve the needs of those who still need to "write checks". But if you are doing all your check writing online then this is a great product because of its high APY and feeless structure. Check it out to know about all aspects of this fine product.

We shall continue to explore all the available online checking accounts in the market. So stayed tuned for the next part of this series.

Related: $25 Bonus - High Yield APY Orange Savings Account from Ing Direct!

The Series So Far:

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