ING Direct – Paperless Checking Account

ING Direct is laying the claim to “America’s first paperless checking account”. The Electric Orange Checking account is environment-friendly by eliminating all checks and account statements but has also been widely acclaimed for their online banking platform and the exceptional rates paid on deposits. The tiered rates have been as high as 5.30% on checking accounts earlier in 2007 and have consistently placed in the top twenty highest checking account rates posted on Money-Rates.com.

ING Direct Electric Orange 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 convenience

* download account information into Quicken or Microsoft Money

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

$0 – $49,999 1.75% APY
$50,000 – $99,999 3.20% APY
$100,000 or more 3.40% APY