ING Direct, which had been giving a $25 bonus to people who opened an account with a referral to a friend and a $1 deposit, has changed their rules. Now to qualify for the $25 bonus, a person must open an Orange Savings Account with a minimum of $250. From their website:
If your friend opens an account with at least $250, we will also deposit a $25 bonus in their new account and a $10 thank you bonus in your Orange Savings Account.
If your friend’s initial deposit is $250 or more your friend gets $25 and you get $10.
If your friend’s initial deposit is less than $250 your friend gets a great account and you get a friend for life
This is sure to heat up the debate on whether a ING Direct or Emigrant Direct account is better.