I still cant transfer out of eloan!

ELOAN is the most screwed up bank ever in my experience. They made two unarthurised transfer on my account. Now I'm afraid to even conact k them to do something about my account. I'll wait a few days to get my NSF fee refunded.

HUGE BUG WITH ELOAN


I set up an eloan acct unsucessful where the emigrant acct # got cut off. They told me to setup a second eloan acct which I did with the acct # of my emigrant acct not cut off, and it was successful. However there is a bug in the system. If you have an unsuccessful acct it only lets you deposit up to your balance and withdraw nothing.
They told me they are hopeful to fix it this week but can't promise anything! My only option to withdraw the money right now is to cancel the acct and I may/may not get interest
So what do I do? Do I wait it out for a week. Or do I risk losing the interest I accumulated and cancel the acct? I am worried about losing my $ with these morons

My transfer today seems a little funky, I took out $350 and my new balance is $0. Does show correct on the main page

Transaction History
Date Description Amount Balance
11/13/2006 Debit - $350.00 $0.00
10/26/2006 Credit + $356.37 $100,356.37

darqice said:so without reading the ENTIRE thread.. would it be fair to conclude that the general consensus is that despite the (high) rates, E-loan is NOT worth the hassle?

-ty. - and best alternatives welcomed.

I recommend everyone having problems pull all of their money out immediately and anyone who doesn't have an account not open one.

Seriously, I don't recommend this account to anyone.

If everyone leaves then 1) they'll keep the 5.5% rate that much longer and 2) if everyone who has a problem closes the account, then there won't be anyone left to complain

ForSpud said:Update: According to Vinnie, ELoan CSR,, interest will be paid as of the date of the initial deposit (yesterday in most instances

assuming this will not be done manually, do you think E-Loan's poor programmers can actually program it correctly to handle the extra interest?

scott1961 said:My transfer today seems a little funky, I took out $350 and my new balance is $0. Does show correct on the main page

Transaction History
Date Description Amount Balance
11/13/2006 Debit - $350.00 $0.00
10/26/2006 Credit + $356.37 $100,356.37

The $0 balance will show on the day of the transaction and will be updated in a day or two. At least that's how all of my transactions have been with ELoan. It's not unique to "glitch" week if that's your concern.

So has anyone else considered that this screwup may actually be a good thing for some people, as it it will probably force E-Loan into keeping the same rate longer, or perhaps increasing the rate, as they are probably going to lose some customers over the screwup and at a minimum don't want to "add insult to injury" for the customers that got burned and didn't leave.

zimaman said:So has anyone else considered that this screwup may actually be a good thing for some people, as it it will probably force E-Loan into keeping the same rate longer, or perhaps increasing the rate, as they are probably going to lose some customers over the screwup and at a minimum don't want to "add insult to injury" for the customers that got burned and didn't leave.
How many of their customers just happened to make a deposit/withdrawal on November 7? Probably a very, very tiny number. The rest will have absolutely no idea that anything happened (except for the tiny number who read FWF). Look at how they are handling this: They are keeping mum about the whole thing. They are not communicating with their customers. They are trying to avoid having anybody else find out what happened or what they are doing.

Sorry, but I think that shows that they are just hoping to quietly bury the incident and proceed as if nothing happened.

zimaman said:Wasn't there an article about this on bankrate.com?

You'd be surprised how many people read that nowadays.

Consider this, where are people finding out about E-Loan savings anyway?

Those people have got to be pretty thrifty to know about it.
I just searched bankrate.com and don't see anything, but it was a quick search so that doesn't prove it's not there.

I assume that the bulk of the publicity came from the Wall Street Journal article (including all the newspapers that reprinted portions of it) and from E-Loan's existing customer base.