ING Direct’s Paperless Checking Account

ING Direct is promoting what they call “America’s first paperless checking account”. No checks, no statements, no paper. The Electric Orange checking account features:

* free ATM access at 32,000 locations
* electric checks - With the Electric Orange checking account, you can send money to an individuals’ bank account with Electric Checks for free. Simply enter the person’s information, the details of the payment, and an email will be sent to the recipient. The person can click on the link within the email to go to a secure page to enter their account information and the money is transferred!
* no fee overdraft protection
* mastercard debit card with 1% cash back offer for all purchases from June 1 to July 31
* download account information into Quicken or Microsoft Money

the Electric Orange checking account pays interest at the following rates:

$0 - $49,999 3.93% rate / 4.00% APY
$50,000 - $99,999 5.13% rate / 5.25% APY
$100,000 or more 5.18% rate / 5.30% APY

contact ING Direct for more information