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At first I thought this is a savings account but after several failing ACH transfer attempts, I finally realized that this is a MMA checking account. After making adjustments, now I can transfer to and from this Dime account with no more problems.

Just edited the quick summary to warn about this.

TYTBUDGET said:XeroK00L said:At first I thought this is a savings account but after several failing ACH transfer attempts, I finally realized that this is a MMA checking account. After making adjustments, now I can transfer to and from this Dime account with no more problems.
Xero . . . yes, but I guess my question is: Did you identify it as CHECKING (just straight "CHECKING" I mean)?

TytieYes, many institutes do not have the option to distinguish MMA checking from regular checking, so in those cases I link the Dime account as a regular checking, and my transfers to and from such institutes still went through.

ADODB.Field error '800a0bcd'

Either BOF or EOF is True, or the current record has been deleted. Requested operation requires a current record.

/promotions/offer2.asp, line 26

nice, i feel really secure banking with them

Yep, it does seem like that web link is broken. Wonder if it's a technical problem, or if the promo is canceled?

Anyway, I just completed my relationship with Dime. Here's how it broke down:

1) Filled out app online, including an initial funding transfer.
2) Got a call from CSR to confirm, and was sent paperwork to fill out.
2b) Paperwork also included exact dates that 6% would be earned.
3) After I got all the details on account number did more ACHs to make deposits into account. I as able to set up ACHs though most banks, except for Fidelity brokerage.
4) Gathered interest for a few months.
5) I also opened up a Perfectly Free Checking account (got a free box of checks).
6) I had to call to enable transfers between the two accounts.
7) On the Friday before my 6% interest promo rate expired, I wrote a check off the checking account and deposited it into my other bank.
8) Early early next Monday morning, I used home banking to transfer all of the money from the MM to the PF checking.
9) I kept the MM account open until the end of the month, where I was paid a little more dividends. (my average balance, even with many zero days, was still high enough to avoid fees).
10) I transferred out the interest.
11) I faxed Dime a signed letter requesting the account be closed. I'll keep the PF checking open.

My biggest gripe with the bank is that they use Digital Insight for their home banking software (I've seen some credit unions use it), and I personally hate it.

The weirdest thing is that all of the employees at Dime on the phone seem to be Eastern European. However, in the three phone calls I had with them, they were fine.

Now this 6% offer is alive and available to everybody :http://www.dimewill.com

bksavings,
1) how long it takes to ACH from Dime to citibank?
2) I see citibank has a daily limit of $5000 on ACH in or out, do you have the same problem?

Thanks.

bksavings said:TYTBUDGET said:Dime doesn't offer ACH out; but has anyone been successful negotiating a pull out of Dime from another of their banks?I just did a partial pull out of my Dime MM from CitiBank. (For 5.5% 6 mo CD).

No problem, but Dime CSR did call to comfirm.

My 3 months on this account is up on the 20th of August, will withdraw all but a small dollar amount, then close account after the statment closes and my interest posts.

This is what I saw on myciti account:
transfer limits


Type of Limit STANDARD TRANSFERS NEXT-DAY TRANSFERS AGGREGATE LIMITS
Incoming Outgoing Incoming Outgoing All transfer types combined
may not exceed:
$10.00 minimums apply for all transfers
DAILY $100,000.00 $5,000.00 1,000.00 $1,000.00 $107,000.00
MONTHLY $100,000.00 $10,000.00 $2,500.00 $2,500.00 $115,000.00




As for their Next day service, how long it takes for the money to be posted to the destination account? did you ever do that? thanks.


mh83 said:I'm not bksavings, but for Citibank ITT the daily ACH incoming limit is 100K. The outgoing limit is 5K. This is for the free Standard Service (3-5 days). Also 100K incoming per month, 10K per month outgoing.

mh83 said:It's not necessary to keep the account opened until the end of the month if your promotion ends before then. As stated in their disclosure, "...interest is compounded daily and credited to the account on the earlier of the last business day of each month or the day the account is closed." I can confirm that this indeed is the practice since I closed my account on the 6th and received all interest due.
Good information.

That's the practice that I'm used to at most financial institutions, but a CSR on the phone led me to believe otherwise. Since I'm on the other side of the country, I didn't want to test it the hard way.

is this still alive? Got an error after the zip code page.