• filter:
  • 178910 11
  • Page
  • Text Only
  • Search this Topic »
rated:
rebelx said:   Where do we confirm the interest on the Mango Savings? I'm not seeing any addition for it... unless it's a quarterly thing (in which case, is it average daily balance that's used for the interest calculation?)
  It is monthly. Click the "Mango Savings" at left side of screen. There is a "Statement For" dropdown box where you can select to view a specific month.

rated:
I'm in. Gonna try funding with Sallie Mae to see if it qualifies as DD. If not I will open an Alliant account and fund with that.

rated:
What happens if Mango goes out of business owing money to creditors? I know the bank behind Mango is FDIC insured, but Mango itself isn't a bank. I don't think they could claim my money is their asset. It would be the end of 6% interest for sure. But they have no rights to the money in the savings account(nor the money on the prepaid card for that matter)? Right? From what I gave read they are not always so cooperative regarding draining your account. If they are bankrupt, and their website is down and no one answers the phone....? Call the bank itself??

rated:
cameron2003 said:   I'm in. Gonna try funding with Sallie Mae to see if it qualifies as DD. If not I will open an Alliant account and fund with that.
They both go in as EFT, but Alliant goes in to Mango as an "online WD" and Sallie Mae goes in as a "deposit".   These are just the test deposits not the funding.
Dec 11  EFT Load - ONLINE WD@Alliant CU.
Dec 09  EFT Load - DEPOSIT@SALLIE MAE BANK  
Dec 09  EFT Load - DEPOSIT@SALLIE MAE BANK

rated:
cameron2003 said:   
cameron2003 said:   I'm in. Gonna try funding with Sallie Mae to see if it qualifies as DD. If not I will open an Alliant account and fund with that.
They both go in as EFT, but Alliant goes in to Mango as an "online WD" and Sallie Mae goes in as a "deposit".   These are just the test deposits not the funding.
Dec 11  EFT Load - ONLINE WD@Alliant CU.
Dec 09  EFT Load - DEPOSIT@SALLIE MAE BANK  
Dec 09  EFT Load - DEPOSIT@SALLIE MAE BANK

  I transferred my initial funds in from Sallie Mae.  No idea though if I am enrolled in Direct Deposit.  I tried asking them in email, but they don't answer account related questions that way.  I am hesitant to call in case they ask if its really from my workplace.  Is it advisable to just wait and see what interest is credited, or is calling to confirm this no big deal?

rated:
go ahead give them a call. they only have 2 employees, might as well put one of them to work

rated:
Can anybody confirm that CapitalOne360 will be sufficient for a DD. I've been able to link them.

I was unable to link with fidelity and must do that by mail with a Medalion stamp. That's almost as much work as going through my employer.

rated:
BUffetologist said:   Can anybody confirm that CapitalOne360 will be sufficient for a DD. I've been able to link them.

 

  Yes

rated:
If anyone cares I can confirm that Sallie Mae transfers gets you the 6%.

What doesn't seem to work though is getting Mango to show up in Yodlee.

rated:
cameron2003 said:   If anyone cares I can confirm that Sallie Mae transfers gets you the 6%.

What doesn't seem to work though is getting Mango to show up in Yodlee.

  It works in Mint though.   However Union Plus does not link to Mint

rated:
Is there a way to know if DD from a credit union will work or not before signing up? To find out who they're associated with or if their security is more like the ones that reject the card transfers or accept them? (I know the CU uses iPay Solutions' website/software when I want to transfer funds to another person/pay a bill.)

I'm just discovering these online savings account places after being a complete idiot with cash (you guys would burn me at the stake, seriously; under-the-mattress level of idiocy), but if it's going to cost me an arm and a leg and hours of legwork in transaction fees and funneling money between institutions to get an account started, I feel like here's not the best plan.

rated:
cdancer20 said:   
cameron2003 said:   If anyone cares I can confirm that Sallie Mae transfers gets you the 6%.

What doesn't seem to work though is getting Mango to show up in Yodlee.

  It works in Mint though.   However Union Plus does not link to Mint

  Strange that Union plus doesn't work but Mango does,  Yodlee finally started working, not sure why.

rated:
CrashCart9 said:   Is there a way to know if DD from a credit union will work or not before signing up? To find out who they're associated with or if their security is more like the ones that reject the card transfers or accept them? (I know the CU uses iPay Solutions' website/software when I want to transfer funds to another person/pay a bill.)

I'm just discovering these online savings account places after being a complete idiot with cash (you guys would burn me at the stake, seriously; under-the-mattress level of idiocy), but if it's going to cost me an arm and a leg and hours of legwork in transaction fees and funneling money between institutions to get an account started, I feel like here's not the best plan.

  For me it was just a matter of seeing if the trial deposits worked, and then doing a transfer, and then waiting to see if I got the right interest rate.  I then set the monthly "direct deposit" to automatically transfer $3.00 monthly.  (to cover the fees at mango).  Its a matter of just trying it, but it only take a few minutes to set it up and then cross your fingers.

rated:
CapitalOne360 shows up as EFT Load.

Will that get me the 6% or do I need to find another way?

rated:
cameron2003 said:   
cdancer20 said:   
cameron2003 said:   If anyone cares I can confirm that Sallie Mae transfers gets you the 6%.

What doesn't seem to work though is getting Mango to show up in Yodlee.

  It works in Mint though.   However Union Plus does not link to Mint

  Strange that Union plus doesn't work but Mango does,  Yodlee finally started working, not sure why.

  I was told that not enough people inquired about Union Plus to set it up.   Therefore, it went into a "black hole".

rated:
BUffetologist said:   CapitalOne360 shows up as EFT Load.

Will that get me the 6% or do I need to find another way?
 

  I do not use CapOne, but my deposits always show as EFT Load.  You should be good to go..

rated:
anyone have both union plus and mango ?

rated:
jamesfatwallet said:   anyone have both union plus and mango ?
  Yes.  They play well together, too.  Meaning you can instantly transfer funds between accounts.

rated:
cameron2003 said:   
CrashCart9 said:   Is there a way to know if DD from a credit union will work or not before signing up? To find out who they're associated with or if their security is more like the ones that reject the card transfers or accept them? (I know the CU uses iPay Solutions' website/software when I want to transfer funds to another person/pay a bill.)

I'm just discovering these online savings account places after being a complete idiot with cash (you guys would burn me at the stake, seriously; under-the-mattress level of idiocy), but if it's going to cost me an arm and a leg and hours of legwork in transaction fees and funneling money between institutions to get an account started, I feel like here's not the best plan.

  For me it was just a matter of seeing if the trial deposits worked, and then doing a transfer, and then waiting to see if I got the right interest rate.  I then set the monthly "direct deposit" to automatically transfer $3.00 monthly.  (to cover the fees at mango).  Its a matter of just trying it, but it only take a few minutes to set it up and then cross your fingers.

  So a direct deposit of $3 is sufficient for the 6% interest. I always do $25. Do we know the minimum?

rated:
I have seen posts somewhere saying there is no minimum. I forgot where. I am brand new to this so I can't confirm 100% the $3 works yet.

rated:
jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/

rated:
jamesfatwallet said:   anyone have both union plus and mango ?
  Yep, and also a NetSpend.  With a 5k balance, the UnionPlus has a 4.8 yield (after fees), while Mango is 5.2
NetSpend is 5 (if I recall correctly)

rated:
I use this card to allow my daughter to have a debit card, it has been a great learning tool for her on how to use credit. I keep $5,000 in savings earning 6% and we keep $100 on the card she has to pay back any money she uses from card and I use Paypal to put money on card.

rated:
FWFfollower said:   
cameron2003 said:   
CrashCart9 said:   Is there a way to know if DD from a credit union will work or not before signing up? To find out who they're associated with or if their security is more like the ones that reject the card transfers or accept them? (I know the CU uses iPay Solutions' website/software when I want to transfer funds to another person/pay a bill.)

I'm just discovering these online savings account places after being a complete idiot with cash (you guys would burn me at the stake, seriously; under-the-mattress level of idiocy), but if it's going to cost me an arm and a leg and hours of legwork in transaction fees and funneling money between institutions to get an account started, I feel like here's not the best plan.

  For me it was just a matter of seeing if the trial deposits worked, and then doing a transfer, and then waiting to see if I got the right interest rate.  I then set the monthly "direct deposit" to automatically transfer $3.00 monthly.  (to cover the fees at mango).  Its a matter of just trying it, but it only take a few minutes to set it up and then cross your fingers.

  So a direct deposit of $3 is sufficient for the 6% interest. I always do $25. Do we know the minimum?

  I read the minimum monthly deposit is $500............................is that correct?

rated:
twinlabss said:     I read the minimum monthly deposit is $500............................is that correct?
  
I think you're reading legacy posts.  Before ~mid 2014 you needed to deposit $500 in order to avoid a monthly fee.  As of mid 2014, there is always a $3/month fee, no way to avoid.  So the only requirement is a DD to keep the 6%.  Hope that helps!

rated:
cameron2003 said:   jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/


I've never heard of the Control Card. What are the requirements with it?

And is PayPal/NetSpend still a pain in the ass? I've heard of them shutting down people's accounts so I never signed up just because I didn't want to deal with that.

rated:
cameron2003 said:   
jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/

  
yeah i have pp and netspend also.i just recall some of them overlap or have maximum number of accounts

rated:
MoogLiberation said:   
cameron2003 said:   
jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/


I've never heard of the Control Card. What are the requirements with it?

And is PayPal/NetSpend still a pain in the ass? I've heard of them shutting down people's accounts so I never signed up just because I didn't want to deal with that.

  depends what you do it. ATM will prolly cause that

rated:
jamesfatwallet said:   
cameron2003 said:   
jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/

  
yeah i have pp and netspend also.i just recall some of them overlap or have maximum number of accounts

  
Between Mango and Union Plus, there's a max. limit of 3 accounts per household/address. My wife and I opened an a/c in each and the 4th account in UP (my wife's) was suspended after we put in 5K. Had to close that one and get the balance as check.

I was lazy and didn't set up the D.D. yet for my UP a/c but still getting the 5% rate on my 5K !!!

Couple of tips I've learned from other posts to withdraw the money (before you do this, make sure you move money from Mango Savings to Mango Prepaid):
1. Use Amex Serve to load up to $200 a day from Mango or UP debit card, up to max $1000 per month (Amex Serve limit) - then withdraw to your bank from Serve.
2. I tried linking Mango to my BofA account and tried pulling $500 it worked. Not sure if there's a daily limit from Mango / UP.

2014 was my first year doing this, so any one knows if you get a 1099-INT from Mango or Union Plus?
 

rated:
svhyd said:   
jamesfatwallet said:   
cameron2003 said:   
jamesfatwallet said:   anyone have both union plus and mango ?
There are other similar accounts.  There is also control card savings https://www.mycontrolcard.com/features.shtml#savings at 5%

and Paypal  https://www.paypal-prepaid.com/ at 5%

There used to be a thread on all these: http://www.fatwallet.com/forums/finance/1334031/

  
yeah i have pp and netspend also.i just recall some of them overlap or have maximum number of accounts

  
Between Mango and Union Plus, there's a max. limit of 3 accounts per household/address. My wife and I opened an a/c in each and the 4th account in UP (my wife's) was suspended after we put in 5K. Had to close that one and get the balance as check.

I was lazy and didn't set up the D.D. yet for my UP a/c but still getting the 5% rate on my 5K !!!

Couple of tips I've learned from other posts to withdraw the money (before you do this, make sure you move money from Mango Savings to Mango Prepaid):
1. Use Amex Serve to load up to $200 a day from Mango or UP debit card, up to max $1000 per month (Amex Serve limit) - then withdraw to your bank from Serve.
2. I tried linking Mango to my BofA account and tried pulling $500 it worked. Not sure if there's a daily limit from Mango / UP.

2014 was my first year doing this, so any one knows if you get a 1099-INT from Mango or Union Plus?

 I got a 1099-INT from Mango last year

rated:
cameron2003 said:   I have seen posts somewhere saying there is no minimum. I forgot where. I am brand new to this so I can't confirm 100% the $3 works yet.
  Have you been able to confirm whether you are receiving the 6% yet?

rated:
schwartzy18510 said:   Can you confirm yet whether or not you are receiving the 6% interest?
  
see attached.
 

rated:
schwartzy18510 said:   
cameron2003 said:   I have seen posts somewhere saying there is no minimum. I forgot where. I am brand new to this so I can't confirm 100% the $3 works yet.
  Have you been able to confirm whether you are receiving the 6% yet?

  Yes but not with the monthly $3 deposit yet.  Early Feb.

rated:
Recently got a call from CapitalOne360 asking me if this link was a prepaid because their terms of service prohibit ACH to prepaid cards. I told them per bank instructions that it's a checking account. That is in fact what Mango says under the bank transfer. I just want to make sure that information is correct and that I didn't lie on a recorded line. I don't want to do anything fraudulent.

rated:
BUffetologist said:   Recently got a call from CapitalOne360 asking me if this link was a prepaid because their terms of service prohibit ACH to prepaid cards. I told them per bank instructions that it's a checking account. That is in fact what Mango says under the bank transfer. I just want to make sure that information is correct and that I didn't lie on a recorded line. I don't want to do anything fraudulent.
  Chase locked my account due to fraud alert, which I assume was from setting up Mango as an external bank a couple days earlier.
They are making me drive three hour (roundtrip) to a branch in order to regain access.  What a terrible thing to do to someone.

  • Quick Reply:  Have something quick to contribute? Just reply below and you're done! hide Quick Reply
     
    Click here for full-featured reply.


Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2015