Their website is a bit buggy. For example, if you're using a tabbed browser (like Firefox) and you close your tab to Amboy without logging out, next time you try to login you're hit with an error message. Instead, you have to completely shut down your browser.

bobfather said:Amboy is FAST! HSBC took a while to update how much Amboy deposited for the trial deposits, so by the time I got my trials, Amboy had already pulled my initial deposit from HSBC.

I found the routing number and linked Amboy to USAA. Initiated a push from USAA and the money was there that evening and it earned $.31 interest for the day!

I pulled money from HSBC into Amboy and that balance will be effective very soon, since it already shows up in the Amboy account.

All transfers were done at ~9:30 AM CST and all will seem to be complete by this evening, one day after. Not bad at all!

Hello! Need a little help from you.

When you say "push from USAA", does it mean you can use USAA's bill bay to make a payment to your Amboy account by providing Amboy's Routing Number and your account number? If that's true, does it imply that you can make a push from USAA to make a payment to another person's routing number + account number? That's like a free wire transfer!

Thanks!

xjhuan said:bobfather said:Amboy is FAST! HSBC took a while to update how much Amboy deposited for the trial deposits, so by the time I got my trials, Amboy had already pulled my initial deposit from HSBC.

I found the routing number and linked Amboy to USAA. Initiated a push from USAA and the money was there that evening and it earned $.31 interest for the day!

I pulled money from HSBC into Amboy and that balance will be effective very soon, since it already shows up in the Amboy account.

All transfers were done at ~9:30 AM CST and all will seem to be complete by this evening, one day after. Not bad at all!

Hello! Need a little help from you.

When you say "push from USAA", does it mean you can use USAA's bill bay to make a payment to your Amboy account by providing Amboy's Routing Number and your account number? If that's true, does it imply that you can make a push from USAA to make a payment to another person's routing number + account number? That's like a free wire transfer!

Thanks!

USAA has a built-in transfer area where you can link any of your external bank accounts and transfer money your USAA account to your linked external accounts (or vice versa).

USAA has built-in the ability to transfer money from one account to another account, but the catch is that both accounts must be USAA accounts.

jackiechiles said:I was surprised to see that the funds are already shown as "available." I would have expected some sort of hold, particularly since they say standard ACH is 2-3 business days, and also since the accrual of interest is supposed to be on a 2-day delay as well.

I had similar results. I initiated an ACH pull from the Amboy side at 2pm on Friday (5/5), and when I checked at 9pm, the funds were showing available. Is this a mirage? I tried to transfer some $$ out as a test this morning...just to see if they really are available, and the transfer was approved. So far, so good.

zhaohuipan said:Already got InG, HSBC, Citi, and emigrant.

If this works out, I'll eventually dump Emigrant.

black1987corvette said:zhaohuipan said:Already got InG, HSBC, Citi, and emigrant.

If this works out, I'll eventually dump Emigrant.
I have already dumped ING.

I just went through the process of opening up my Amboy account. I funded it from my Presidential checking account. Upon closing out of my Presidential account, I found that Presidential's savings account rate had just nudged up to 4.75%!

So I guess maybe opening the Amboy account was a little unnecessary. Nonetheless, thank you to the original poster for alerting us to this savings account.

ohhenry1 said:Upon closing out of my Presidential account, I found that Presidential's savings account rate had just nudged up to 4.75%!
I noticed that too, but saw the following:

"A Presidential Premier Savings Account pays you 4.75% APY on balances up to $35,000. Balances in excess of $35,000 earn a competitive 3.00% APY."
http://presidentialbank.com/PremierSavings.htm

LOL....Goldenlight, Amboy National Bank is a medium size bank in the Central part of New Jersey (22 branches) which i believe, has been around since 1888, and of course, like all banks they are FDIC insured.....so, not to worry....

jackiechiles said:What was the result of your test transaction? I checked the account today, and found that my small deposits, which were initially shown as available, are now under holds.
Funny you ask, because last night I had 100% available, and this morning, it was -$90 available due to the holds...very strange indeed.


Edit: Has anyone else experienced this odd after-the-fact hold behavior? It makes me doubt whether the hold will come off when it's supposed to.

BTW, initial hold came off as of this morning (5/11) for the transfer that showed up in the Amboy account on 5/5.