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Subject:  Re: ING referrals Date:  10/16/2005  8:51 AM
Author:  Patzer Number:  212626 of 312992

From ING's web site, after accessing my account:

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.

Not only does the deposit have to be $250 to earn the $25, it has to be $250 to earn the referring customer the $10. I guess ING found too many people grabbing the referral fee and not being big enough customers to justify the aquisition cost.

Oh, well. I couldn't in good conscience collect $10 for referring someone to an account with 3.4% interest when I've transfered a bunch of money to Emigrant at 4%, anyway.

For me, the referral bonus is peanuts; what I really want is a an institution that I can trust to raise interest rates they pay me as the rates they can loan at go up.

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