scott1961 said:Hudendak said:1. Only 1 external account allow to link all the time although you can change the linked account 4 times a year?

2. Do they have limitation on the ACH amount such as 5k of USAA? In that case, you were limited 30K/month (6 times 5k withdrawl) to transfer the money out.
Could not find anything about limits for transfers so would think it's the standard that most banks use of $100k per day.
Found it pretty cool that you can log onto your account right after you apply. No waiting for log info is a plus

Does the initial deposit happen via ACH?

Hopefully it will be added to Yodlee soon.

"For security purposes, we will not allow any withdrawals from your E-LOAN account to be made by an outside institution."

So with this account you have to ACH the funds USING this specific account only and can't use a 2nd bank to initiate the transfers if I am reading this right, meaning if you find another high rate bank, you have to transfer BACK to the initial linked account and then BACK to the other bank?

This sounds icky.

ajulius said:"For security purposes, we will not allow any withdrawals from your E-LOAN account to be made by an outside institution."

So with this account you have to ACH the funds USING this specific account only and can't use a 2nd bank to initiate the transfers if I am reading this right, meaning if you find another high rate bank, you have to transfer BACK to the initial linked account and then BACK to the other bank?

This sounds icky.
icky? I like it. I like the security feature that money cannot be pulled from my account

ThursdaysChild said:There are more details available at BankDeals. Be sure to read the comments also. Apparently there is no hard pull.

The 5.50% is the most competitive offering on the market and its tempting but I will wait till next week to see what happens.

I agree with waiting. It only came online last night. Plus maybe a signup promo starting 10/1?


edit: I just pulled that date out of ... the air

miqie said:Could you link this account to say, Emigrant Direct, or can you only link to checking accts?
Also does E-Loan start giving you interest on the same day as deposit like Emigrant does?
I use GMAC as the hub of all my accounts. So far, I haven't hit the max number of accounts to link to GMAC. Plus, GMAC allows me to keep track of all my acct numbers and ABA numbers in one place.

Uh oh. They must be getting slammed. I was trying to complete the application I started earlier. FW effect indeed...

"Page Not Found
We're sorry, but the page you were looking for does not exist."

Edit: Back up!

Ok, this is for all those people saying they will wait a week so they aren't "rate chasing"
The terms of this deal are within 30 you must verify the account by telling them 2 deposit amounts which they submitted to your bank. They pull the money out right away and deposit these small amounts the same time I assume but you have a full month to verify. If you do not verify they refund the money back into your bank account, PLUS INTEREST.

My opinion is, take this deal. If you do not find a better one in 29 days your money will be right back where it started plus a months worth of interest.

I have sent them the question but perhaps one of you already has the answer. I don't believe I can initiate ACH transfers from my checking account. If the push starts there OK
Wondering.

doniam said:I have sent them the question but perhaps one of you already has the answer. I don't believe I can initiate ACH transfers from my checking account. If the push starts there OK
Wondering.
That's correct. All transfers must be done from E-Loan site. Personally I like it