Resource eMoney Market Account

I didn't see any threads on this bank and they have the highest APY for FDIC that I know of. They seem to keep track of other banks and keep themselves on top even to the .01%

The $100 early close fee seems high but does anyone have any other insight or experience with this bank?

Account Fees: A minimum balance fee of $10.00 will be imposed monthly if the balance in the account falls below $10,000.00 any day of the month. If you exceed 3 withdrawals in a month, their will be a $10.00 charge for each excess withdrawal.

OTHER ACCOUNT FEES
The following fees apply to e Money Market Accounts:

Copy of Check: $4.00 per check.
Uncollected Funds Charge: $28.00 per item
Counter Checks: $0.10 per check.
Check Printing: Price depends on style & quantity ordered.
Telephone Transfer Service: Free of charge.
Copy of Statement: $2.00 per copy.
Non-Sufficient Funds (NSF): $28.00 per item
Levy, Attachment, Garnishments: $75.00 per occurrence.
Account Closing: $100.00 per account if closed within 90 days of opening.
Returned Deposit Item: $5.00 per item.
Research Statement Balancing: $20.00 per hour or fraction thereof.
Stop Payment Order: $25.00 per item.

MISCELLANEOUS FEES AND CHARGES
Additional Fees

Amortization Schedule: $10.00 each
Cash Advance: 1% of cash advance
Cashier�s Check: $5.00 per check
FAX Services: $1.00 per page
Check Collection: $15.00 per check, $35.00 per foreign bank charge, and $55.00 per collection payment letter.
Notary: $2.00 per page for non-clients.
Photocopies: $0.25 per page for non-clients.
Safe Deposit Box: Prices vary from $30.00 to $100.00 depending on the size of the box.
Safe Deposit Box Lost Key: $10.00 per key
Travelers Cheques: 1% of amount purchased.
Verification Letter: $5.00 per letter.

Wire Transfer
Outgoing Domestic: $15.00 per wire
Outgoing International: $40.00 per wire

edit: They went up to 3.36%!

I think that the deal in this thread is more appealing. 3.3%, $5k minimum and no $100 early closing fee.

Better yet, ED at 3.25%, no fees or minimums

xoneinax said:Good rate.
Do they have linking capabilities ?
Any fees for ACH transactions performed against the account ?

According to CSR, no linking capabilities within the account itself. The online interface is similar to Access National so I suspect that it's the same interface but I'll see once I have access to it.

No fee for ACH transactions. 5 starter checks & deposit slips are free with the welcome package. Beyond that, checks are free for 50K+ deposit if below, I believe that it costs 10.65. As Cheap mentioned rate went up .01 on same day that WFB raised its rate so it'll be interesting to see how this goes.

I'll stick with ED due to the lack of any fees and minimums.

other than the fee structure in the first post, what hidden fees are you referring to?