Signed up for BankUnited Savings Account and the free checking account combo

They pulled a hard on Transunion.
and they pulled a soft on experian...

Negatives so far:
1) Possible HardPull
2) Notrized Signature card
3) No ACH links (in/out)

Alcibiades said:A soft pull for savings, and a hard for Checking ?I got a hard pull from just the savings.

EDIT: Oops sorry I was looking at something else with a similar name lol. No hard pull from BankUnited, period.

this sounds great... even their pre-FEDincrease rate is 5.25%... i wonder if they will bump it further like HSBC,ED,Pres!

lvlike86 said:UPDATE:

Did an initial funding of $10,000. They hold the check for 10 days without interest which is BS.


I tried doing an ACH pull immediately on the 11th day (from GMAC) and BankUnited (from their side) denied the transfer! I had enough funds in my bankunited account which was $10,000 at that time

2nd try: Tried pulling $5000 this time but it declined again!

3rd try: Tried pulling $100 this time and it worked...


I called bankunited to see what the hell was up and it seems that they have a cap of $500 for maximum tranfers out per day.

I DO NOT RECOMMEND THIS BANK AT ALL!!!!!That sucks big time!! I'm planning to pull about $20k from them to fund the Dime Bank's 3-month 6% promo, but now it seems that it's gonna be a very painful process. $500 max per day? They've gotta be kidding me!! I thought this is a SAVINGS account!? Where did the liquidity go? I'm calling them first thing on Monday to confirm this madness.

wow all these hoops to jump through, and that $500 daily transfer limit per day? Sounds like a trap, now the icing on the cake is if they accessed a charge for closing your account

I just called Bankunited again and I was transfered over to a very knowledgeable CSR. AFTER BEING PLACED ON HOLD FOR 10 MINUTES, He explained my situation and there is actually no ACH transfer limit for all accounts.

What happened was that my account was flagged when I first tried to what they considered a fraudulant transaction (ACH pull for the full amount of $10,000).

I found out that there is only 1 person that works in the ACH department and he felt that for security reasons, he decided to place a code where all ACH transfers over $500 would get rejected.

AFter clearing this matter up, he promised that my next transfer won't get rejected. Well, it's going to be my last transfer because i'm closing this account after all this B.S.

I'm also glad I didn't finish the application / funding. The notarized item was too much, IMHO.

At this point, I don't care much because of Dime's 6% for 3-month promo. By then interest rates will have raised again and I'll be with the new leader whomever that is.

Anyone know the details of getting funds from this bank?

I deposited a meager check, but hey my life savings a ew months back, and now they want me to jump through hoops to get any money out

Hoops involve:
-mailing a letter to get a cashier's check for funds

-Signing up for a checking account, which they say is free, but required notarized letter et al.


Any way of transferring funds online or over the phone?

Thanks

The PDF linked to on http://www.bankunited.com/moneytreesavings/learnMore.asp quotes:

Tier 2 - If your daily balance is more than $0, but less than $100,000, the interest rate paid on the entire balance in your account will be 5.212% with an annual percentage yield of 5.35%.

Also

Variable interest rate:** Compounded daily and credited quarterly


The wording on this is tricky. Does this mean that if you kept it in for 3,6,9, or 12 months that you would make 5.212% or 5.35% interest? I am inclined to think that you only earn the 5.35% if your money is untouched in the account for a full 12 months. Anyone know the true rate for quarterly less than a full year?