APY history (for $500 ):
8/13/2008 3.00%
2/29/2008 3.00%
2/8/2008 3.50%
2/1/2008 4.00%
1/25/2008 4.25%
11/1/2007 4.50%
10/12/2007 4.75%
9/21/2007 4.90%
4/20/2007 5.30%
3/16/2007 5.10%
1/26/2007 5.00%
1/12/2007 5.10%
12/15/2006 5.20%
12/1/2006 5.25%
11/10/2006 5.30%
10/6/2006 5.25%
8/4/2006 5.00%
7/27/2006 5.10%
7/14/2006 5.05%
7/7/2006 4.90%
6/9/2006 4.80%
4/21/2006 4.75%
4/7/2006 4.70%
3/10/2006 4.65%
2/25/2006 4.60%
12/10/2005 4.30%
12/3/2005 4.10%
11/12/2005 4.00%
11/11/2005 3.75%
8/28/2005 3.45%
Minimum balance to avoid fee: $500
Routing number: 031176136
Interest: compounded daily, credited monthly
Deposit via ACH, mail, GMAC ATM
Withdrawal via ACH, checks, and check card. Limit 3 withdrawals per month by check and check card, which counts towards a total limit of 6 non-ATM withdrawals per month. Fee for exceeding the limit: $10 per withdrawal. There is no limit for ATM withdrawals.
External Account Links: unlimited linked external accounts
ATM withdrawal Fees: No charge for withdrawals at a GMAC Bank or non-GMAC Bank ATMs. The first four fees per statement cycle assessed by the ATM owner, up to a total of $6, will be refunded by GMAC Bank. (You can change your ATM card PIN via the automated telephone system.) Daily ATM withdraw limit is $500 per day.
Statements: mailed paper statements only
Fee schedule (effective March 2005):
Check Printing Fee: Initial order of 50 checks is free, cost for subsequent orders vary by check style
Stop Payment Fee: $15.00
Official Check: $10.00
Check Copy: $5.00 per copy of check front and back
NSF Fee: $20.00 per item
Returned Deposit Items: $7.50
Domestic Outgoing Wire: $20.00
International Outgoing Wire: $45.00
Federal Express Fee: $7.50
Statement Copies: $2.00 per page
Branch address:
GMAC Bank
3710 Kennett Pike
Greenville, DE 19807
Telephone: 1-866-2-GMBank
Customer service representatives available Mon-Fri 9-9, Sat 10-5
Hard Inquiry? Soft? None?
Opening a GMAC account used to result in a hard inquiry on your Transunion credit report. Those hard pulls have been recategorized as soft pulls. More recent posts claim soft inquiry.
Standard Money Market restrictions of six transactions per statement cycle will apply
Another FW Thread (locked)
Verifying external accounts
When setting up and verifying external accounts via random micro-transaction amounts, -sometimes- it will only do a single transaction. In such cases, the first amount will be 0.00 and the 2nd amount will be the amount that was in the transaction.
