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Displaying comments 1 to 12 out of 12
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Tuesday, 08-05-08 12:53
I recently opened an OnBank account. Very easy. Competitive rate. Quick ACH transfer (1 day). Maybe a winner.
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Monday, 09-01-08 12:30
I just opened an OnBank account right now. It was a very quick, and simple process. Right after I opened the account, it sent me to create an online username and password. Very Fast. I haven't seen the funds transferred yet. I'm waiting on that.
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Wednesday, 09-03-08 06:42
Make sure that you read the disclosure for opening an online savings account with OnBank.
The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although, in
fact, the interest rate may change daily after the date shown
above.
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Wednesday, 09-03-08 06:43
FEES:
1. $10.00 excess withdrawal fee for each withdrawal (including
any transfer), except for the first 4 withdrawals, charged
against the account during any statement period. The
$10.00 excess withdrawal fee is in addition to any fee for an
electronic fund transfer made by using a service we make
available, including any Internet service.
2. $30 for each order to stop payment of an electronic funds
transfer
3. $5 for each monthly statement provided in paper form
4. $5 for each photocopy of an account record
5. $100 per hour account reconciliation/research fee
6. $110 for each tax levy, restraint, subpoena, garnishment or
other legal process against the account
7. $10 if the account is closed within 90 days of the date it was
opened
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Wednesday, 09-03-08 06:45
You can make up to a total of 6 of these transfers and
withdrawals during any calendar month but no more than 3 of
these 6 transfers and withdrawals can be by ACH debits to your
account that you authorize a third party to make.
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Wednesday, 09-03-08 12:06
The APYs at all banks are hypothetical and can change at anytime.
The fees don't seem out of line with what other banks charge although the $10 fee for withdrawals over 4 seems a bit unnecessary since the norm is 6.
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Monday, 09-29-08 10:56
Up to 3.75%
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Monday, 09-29-08 15:27
(3.75%)That's not a bad rate.
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Friday, 10-03-08 08:16
Down to 3.60%
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Friday, 10-03-08 08:34
I was wondering...
1. The fees for transfers, thats only if you go over 4 in one month then?
2. Can you make it so you dont get a paper statement so you dont have to be charged a fee?
3. And whats the $10 exess withdrawal fee?
I'm new to high intrest savings accounts, and I just want to make sure im putting my money in the correct location for maximum efficiency.
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Saturday, 10-04-08 11:13
I've been with OnBank since May and have been satisfied with them. The rate was 3.50% when I opened; and with the exception of this week's up .25%/down .15%, the rate has remained constant....and not just an "introductory" rate that a few online accounts use to attract business.
The excess withdrawal fee is when you exceed 4 withdrawals (incl. transfers) in a statement cycle.
Yes, you can get an electronic statement and avoid the statement fee.
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Saturday, 10-18-08 21:28
still 3.60 apy
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