Okay friends, here is my ACH funding progression. Hope this is helpful. . . . Tytie

- - - - - - - - - - - - - - - - - - - - - - - - - - -
JULY 19 —>opened the account (note, Wednesday evening).
JULY 20 —>received Welcome email (Thursday)
JULY 22 —>saw the small deposit Dime made (into the account being funded from) (Saturday)
JULY 24 —>received Welcome kit by mail* w/Signature card + instructions (Monday)
JULY 26 —>ACH funded (Wednesday)
- - - - - - - - - - - - - - - - - - - - - - - - - - -

*NY—> to—>CA

NBtarheel33 said: Hmm...I opened mine early in the morning of the 24th. Still haven't received a "welcome" e-mail, or anything in the snail mail. Should I apply again?

NB, the email subject line reads
On-line Promotional Account Funding
and it is generated from "Info@dimewill.com". Check your spam folder? Or email them at <— address? Don't bother calling their Toll Free number, as no human (apparently ever) answers this number.

I hunted down what appears to be their main FAX number, so I would contact them immediately if you haven't got your MM set up with them by now: <font color=white style="background-color: #3E3E3E;">FAX: (718) 963-1075

Tytie

NBtarheel33 said:So here's an update...as of Friday (the 28th), I can log into Dime Internet Banking with my SSN, and I can see an account, but it is set up as "checking" with an APY of 0.5%. Is this normal, or does this sound like an error? Also, a 2-cent trial deposit has been credited at Everbank (I think as of Thursday the 27th), but no withdrawals yet. Sound normal?

Thanks,

NBYes, the listing for 0.5% is normal, it will show the 6.00% on the statement.

Quit yer whining. Finish yer funding and move on.

They don't start the clock until you confirm the trial deposit amount and they've completed the transfer of your initial deposit amount -- whatever you told them to fund the account with.

the first order of checks was free until recently, now they charge a fee $7.95 for the first order of checks

the transfer into Dime Saving Bank is possible by wire but there is a fee (I think $15). You can also deposit money into Dime Savings by sending them a check

I have a free checking account with WAMU where I can add external accounts for free transfers into/from my Dime Savings Bank account ... that's the easiest, fastest and cheapest option


mapen said:

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Can someone who already has an online account with Dime confirm that there is an online option to initiate new ACH transfers for new deposits after the original funding transfer is done?

I called a Dime CSR to ask this question, but I'm not confident in her answer because she also said that there will be a $7.95 charge to order checks, which conflicts with posts by others here who said they are getting checks for free.

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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.

I think these questions all turn on how DIME assigns cycle dates. Perhaps bksavings can post his experience of this since he's been in for more than a month.

Tytie

But they'll tell you exactly when your promotional rate ends when they send you out confirmation of opening the account. There's no guesswork involved.

mbaker4096 said:But they'll tell you exactly when your promotional rate ends when they send you out confirmation of opening the account. There's no guesswork involved.

Yeah, I just got that today, very nice touch, no other banks including Everbank, Amboy does that. It lists the interest rate, promotional dates, and also the interest rate for post promotional period, no guess work needed. It looks like I may have double dipped on interest for a day between GMAC and Dime, but I can't be sure until I get my statement to check the interest amount. But I definitely don't think I lost any day of interest.

BTW, 4.4% is the post promotional period interest rate. It's on the confirmation letter and also shown when you login to your Dime account.

If anyone else has Presidential Bank, their online bank user interface is identical to Dime.

SweetCash said:The promotional link in the OP is now invalid.Fixed!