I think bedrocked is talking about the 0.25% difference between checking and savings. Since checking has a limit of $25K, having savings allows me to keep more money at the same bank for easy transfers.

this hard credit check.... How serious is it? how much does your credit score drop by?

+.50 is significant.
I think its time to move $$ from Emigrant.

Can I ACH link from ING/Emigrant<-->Presidential?

I am worried about a hard pull tho ...hmmm...

binaryhead said:I have looked over the thread a few times and still do not see a clear answer to how easy it is to get money into and out of this account? I currently have an ED account and I can simply transfer to and from the initial linked checking account at my other bank. Can I do the same with a Presidential? Thanks.

Best way is through ACH push/pull. When you first open the account you can do an echeck to fund the account but from that point on, the only access is through checks, wire, and ACH. As far as I have seen there is no way on the Presidential site to link Presidential accounts to an external checking account. Maybe you can link to the Presidential account from another site.

why do people worry about credit hits due to hard inquiries? that's part of the game, you either play or don't.

gexi said:binaryhead said:I have looked over the thread a few times and still do not see a clear answer to how easy it is to get money into and out of this account? I currently have an ED account and I can simply transfer to and from the initial linked checking account at my other bank. Can I do the same with a Presidential? Thanks.

Best way is through ACH push/pull. When you first open the account you can do an echeck to fund the account but from that point on, the only access is through checks, wire, and ACH. As far as I have seen there is no way on the Presidential site to link Presidential accounts to an external checking account. Maybe you can link to the Presidential account from another site.


are they ok for ACH push/pull from any number of banks ?

slimcustomer said:Cheezy website scares me. What have people's experiences been like with this bank and account?


and their regular savings rates are like 1.5% in case your balance ever falls below the minimum.

the website looks like a 3rd grader made it with Crayola MyFirstWebpageMaker - not good for someone I'd like to try out and I'm not near a regular branch. I'd hate to find out how hacker-proof their internet accounts are, the wrong way.

faztcobra said:littlestone said:
BTW, for those who were asking...inquiries will typically cost you somewhere between 3-7 points. It all depends on your file and which way the wind is blowing.


i can sacrifice that much.

If needed, I'll just up the credit card spending limit, which should bring my credit up another few points. it went up 8 points last time

It is $5000 minimum to open the account, and to maintain, but how long before you can cancel the account without penalty?

I just opened my Premier Savings account at one of the Presidential branches in my area and didn't encounter any problems. The Branch Manager said that they don't do a hard credit pull when an individual signs up in person for the savings account. Also you can close out your account at any time without a penalty. However, there is no guarantee as to how long the 3.75 apy rate will be offered.