Free Money Bank Deals

This will be a post that people can come to and find all of the latest free money bank deals.
I will also link to my reviews of how my experience with each of the bank deals went down and my review of the banking experience. Note: Some of these reviews are forthcoming. For now - the deals!

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TradeKing is celebrating the birthday of Wall Street with a special $50 sign up bonus for new members that are referred by an existing member. TradeKing usually rewards friendship by giving you $50 for every friend that signs up. I believe that this promotion and their annual celebration of Friendship Week is the only other times that a new member can cash in on the free $50 bonus as well. 

Here is the fine print -

Here’s how it works:

If someone you refer funds a new account with at least $1,000 and executes a trade, we’ll deposit $50 each into both accounts. (Review full eligibility rules here.)
Your friends MUST click the link in our email for us to track them and for you both to receive your rewards. But don’t worry. We tell them that in the email they’ll receive.
This capital offer ends June 3, 2010, so gather your friends around the "virtual buttonwood" and start earning today.

 I like TradeKing and have been trading with them for almost three years now!  Well, I guess I didn't do much trading last year after some of my investments were wiped out! But who didn't have that problem? When I signed up I didn't get a cash offer. Instead, I received an awesome gift - The Options Playbook. This is a great resource for anybody that wants to learn about investing with options and how each of the strategies like Covered Calls, Iron Condors, Butterflies, Naked Put Selling, and all the rest, can be played out. The book also covers the Greeks. If you have ever wanted to invest in options but didn't know how this book will teach you how.


Need a referral so you can cash in on this great bonus offer? Just let me know.


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Another new checking account opening bonus. This time it is worth one hundred dollars from BB&T.

$100 from BB&T.  Apply online with offer code: AFJAP
No monthly minimum balance or monthly maintenance fee is advertised on this account.
The fine print reads...

* In order to receive the $100 incentive, new clients must do at least one of the following: 1) Use BB&T online bill payment service to initiate 3 online bill payments (minimum payment of $10) from your new checking account within 60 days of account opening, OR 2) Enroll in and receive 2 recurring direct deposits (minimum of $10) to the new personal checking account within 90 days of account opening. Any accounts not in good standing, closed, and/or with a balance less than or equal to zero at the time we review account eligibility will not receive the $100 incentive. Normal minimum balance opening requirements apply. The $100 account opening incentive will be deposited directly to your account within 4 weeks of meeting the above requirements, and will be reported to the IRS as required by law. Offer is available to new clients that open a new personal checking account between 01/01/2010 and 6/06/2010 through BBT.com.

I have used this bank before, my review, and they seem to be a pretty good bank based on these recent awards. They used to be a S&P 500 Aristocrat up until last year, too.

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Ing Direct has a $50 Free Money offer when you open a new Electric Orange Checking Account online. This offer has an implicit minimum deposit based on the requirement to make three signature based debit card transactions. I am a proud Ing Direct customer and have received more than one promotion from them. They sport no account fees, free bill pay, and a really nice web interface. I also love their person2person payment services. It is just like PayPal without the fees. Couple that with their savings accounts and the ability to open sub-accounts makes your banking experience easy and less stressful.

Use your Electric Orange Card to make at least 3 signature-based purchases in the first 45 days after your account has been opened.

If you want a savings account, too, you can always earn another $25 from a referral award. The referrer gets $10. Need a referral? Just ask.

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