ING Direct’s offer might make sense for those who trade stocks and are considering a new brokerage account. For the time being, ING Direct will pay you $100 if you transfer at least $500 from a competitor to their online brokerage account.
The steps are as follows:
1. Open a new ING Direct ShareBuilder stock trading account
2. Complete and print an Account Transfer Form
3. Activate your $100 bonus in an eligible account
4. Mail or fax a signed transfer form and a copy of your most recent statement to ING DIRECT Investing.
After you do all these, $100 bonus will post to your account approximately 4-6 weeks after a transfer from a competing brokerage. However, the transferred $100 cannot be withdrawn from your account for 180 days.
With the ShareBuilder service, you can purchase stocks at as low as $4 for automatic purchases and $7.95 or &9.95 per regular trade, depending on whether you are in the Advantage or the Basic program.
To open an a new ShareBuilder account, click here.