ING Direct was just mentioned here several days ago about a lawsuit against a customer who took a total of $9,180 from ING via “refer a friend” program. ING just released a new promotion targeted to selected customers for using their Electric Orange Debit Card. This promotion was sent out via email. Anyone who received the email can get either a $10 or $20 bonus for using ING Electric Orange Debit Card in November.

According to the promotion page, you have to do the following steps to get the bonus:

1. You are enrolled in the Electric Orange Checking Account.

2. Make at least 5 purchases of $10 with your Electric Orange Debit Card in November.

3. The purchases must be displayed on your November statement.

4. A $20 bonus will be automatically deposited into your Electric Orange Checking Account by December 15th.

5. Only 1 bonus is allowed for each account.

The promotion page for the $20 bonus can be found at http://www.ingdirect.com/wise.

If you are an ING Electric Orange Checking Account owner, you are automatically enrolled and will receive an email soon. However, if you are not an existing ING Electric Orange Checking Account owner and want to apply for a new one, you are not qualified to receive this promotion.

As I mentioned in the “Top 7 Online Banks for High Interest Rate“, ING Direct was rated as one of the top online savings account and was famous for its easy user interface. Don’t be scared by the story of the lawsuit, if you just want to refer your friends to ING.

For those who don’t have an Electric Orange Account, there is another promotion running which will give new customers $50 bonus. But you have to do it by October 31, 2008.

Here is how:

1. Open an Electric Orange account online
2. Enter EM227 when prompted for a reference code
3. Activate your debit and make 3 signature-based transactions within 45 days
4. Receive a $50 credit in your account within 50 days

If you want to open an ING Direct Electric Orange Checking Account, you should act soon.