I know that the google geocoding api has a 2,500 hits a day limit before it'll start returning REQUEST_DENIED. How many does the bing one take? I heard that it's unlimited but I had trouble confirming that.
Just came across this question. It's a bit old but still relevant. For Bing Maps there are two different ways to geocode address. The first is with batch geocoding which has the limits outlined by alfski.
The second option is the REST geocoding service which allows you to geocode one address at a time. The free transactions for the Bing Maps services varies depending on use case. For Windows/Windows Phone/WPF apps you can make up to 50,000 transactions a day under the free terms of use. For other platforms such as iOS, Android and Web apps there is 125,000 transactions allowed per year for free. You can find more details on this here: http://www.microsoft.com/maps/create-a-bing-maps-key.aspx
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