ING Direct is offering a $50 bonus for opening a Electric Orange checking account. To get the $50 bonus you have to open your Electric Orange checking account by July 31, 2009 and use your Debit Card to make 3 signature-based transactions within the first 45 days. On day 50, they will put $50 into your account.

Currently the interest they are paying for $50,000 or less is just 0.25 APY, noting to be excited about but maybe $50 bonus might be an incentive to open an account. Here’s what you have to do to get your free $50 cash:

1. Use reference code EM296 to open your Electric Orange Account
2. Activate your Electric Orange MasterCard Debit Card
3. Use your Electric Orange Card to make at least 3 signature-based purchases in the first 45 days after your account has been opened
4. Your $50 bonus will be automatically deposited into your Electric Orange 50 days after your account has been opened