* The external linked account can be either a checking account or a savings account. * Up to 20 links to external accounts can be done * No fees for ACH transfers or for account inactivity * They do a Chexsystem verification and a soft credit inquiry, but no hard credit inquiry. * No sign-up bonus * $10 fee if you close within 180 days
I have it (for almost a month now)....the initial set-up process is a little slow, but once you can get into your account, it is very "smooth sailing"....The interface is nice, and they use "Cashedge" for the transfers....You may link up to 20 (twenty) different checking or savings accounts to them....and you won't need to send in "voided checks" to add links like some internet savings accounts....
You can transfer up to $100,000 per day (one million per month max...lol) on a 3 day transfer....or up to $2,000 per day ($5,000 max per month) on a one day transfer...no charge for either type.....No tiers...no min balance required...excellent rate of 5.30% APY....Customer Service is good....and their online banking and transfers are dependable....
Also, they plan on eventually offering checking accounts and debit/atm cards as well....although not sure at this point if the savings account will also be accessable on the atm card....Their "parent" company, which is Flushing Savings Bank is a 12 branch community bank that had been around in the NYC area for like about 80 years...so it is backed by a dependable bank...
A note: Flushing Savings Bank is on the "Allpoint" network, so there is a chance the may include that when the checking accts/atm cards become available...and that would be great because Allpoint has about 30,000 surcharge free atms located all around the U.S. (mostly in drug stores, food stores, gas stations and dept. stores like Target, Macys, and others)....
I also had AMBOY Premium Online Savings, which was very good, but i like IGO Savings better because you can link multiple accounts (Amboy only allowed 1...and you had to mail in a voided check to change your link).... It's very nice, indeed....
craig10x said: I have it (for almost a month now)....the initial set-up process is a little slow, but once you can get into your account, it is very "smooth sailing"....The interface is nice, and they use "Cashedge" for the transfers....You may link up to 20 (twenty) different checking or savings accounts to them....and you won't need to send in "voided checks" to add links like some internet savings accounts....
You can transfer up to $100,000 per day (one million per month max...lol) on a 3 day transfer....or up to $2,000 per day ($5,000 max per month) on a one day transfer...no charge for either type.....No tiers...no min balance required...excellent rate of 5.30% APY....Customer Service is good....and their online banking and transfers are dependable....
Also, they plan on eventually offering checking accounts and debit/atm cards as well....although not sure at this point if the savings account will also be accessable on the atm card....Their "parent" company, which is Flushing Savings Bank is a 12 branch community bank that had been around in the NYC area for like about 80 years...so it is backed by a dependable bank...
A note: Flushing Savings Bank is on the "Allpoint" network, so there is a chance the may include that when the checking accts/atm cards become available...and that would be great because Allpoint has about 30,000 surcharge free atms located all around the U.S. (mostly in drug stores, food stores, gas stations and dept. stores like Target, Macys, and others)....
I also had AMBOY Premium Online Savings, which was very good, but i like IGO Savings better because you can link multiple accounts (Amboy only allowed 1...and you had to mail in a voided check to change your link).... It's very nice, indeed....
Thanks alot for the info craig...I sent in my address verification today, and am only doing an deposit of $20 until they send me the username and password. Im pretty excited to start saving again, ive been keeping my money in my free (no interest) checking account and its just burning a hole in my pocket haha.
craig10x said: You can transfer up to $100,000 per day (one million per month max...lol) on a 3 day transfer....or up to $2,000 per day ($5,000 max per month) on a one day transfer
Are you sure about that? My account says $2,000 daily limit for 1-day (Premium) and 3-day (Standard) transfers into iGO; $2,000 (1-day) and 15,000 (3-day) daily limit for transfers out of iGO. $5,000 monthly limit of incoming transfers and $25,000 monthly limit for outgoing transfers (3-days transfers); $5,000 both directions for 1-day transfers:
Standard (3-day) daily limit: 2K (into iGO) 15K (out of iGO)
Monthly limit for Standard: 5K (into iGO) 25K (out of iGO)
Monthly limit for Premium: 5K (into iGO) 5K (out of iGO)
In sum, it is pretty restricting for transfers (in terms of amount) in both directions.
Personally I certainly hope that you're right
craig10x
Senior Member - 5K
posted: Jan. 2, 2007 @ 12:29a
76hhma, you are getting the original "cashedge" screen in your account...i forgot to mention about this....it's a little quirk in their system....after making your first regular transfer, and it is completed, you should see that screen "switch over" to one that shows the transfer limits i outlined....Now, if it does not do this, you will need to call them and have them manually switch it over (i had to do that, because mine didn't automatically switch)...they had a supervisor do it and within an hour i was good to go.....
Being that they are new with this, there is a few "rough edges" that still need smoothing out (that's one of them)....once i was changed over, everything is now running smooth for me in the account....
Once switched over to the proper transfer screen, you will see that on the 3 day transfers it is extremely liberal....One day transfers are much more restricted...you can only do up to $2,000 per day with a maximum of $5,000 in a 30 day "rolling" period....and they are talking about the total for both directions (not just one direction)....
On the 3 day, it would be $100,000 max per day...with a total of One Million in any 30 day rolling period (for both directions).....
Thanks, craig10x; that is great news. I feel better of iGO now.
How's the delay (i.e., lost of interest in transfers) performance of iGO? TIA.
craig10x
Senior Member - 5K
posted: Jan. 2, 2007 @ 9:21a
I think there is that typical loss of interest during the 3 day move over into IGO from your other bank....Of course, you can minimize that by using 1 day transfers, but that's much more limited in use due to the lower amounts permitted during the month...Other then that, and once you get the little "quirk" i just mentioned, smoothed out,....it seems to run very well.... The site is reliable, and the transfers go as scheduled.....The online statements appear automatically in the account each month....
timothy86
Senior Member - 3K
posted: Jan. 2, 2007 @ 9:42a
I think I may have to open.
Why can't I ever be satisfied where I'm at?
I am going to go to my Ratechasers Anonymous now.
So anything under $2000 gets transferred in one day?
I'm wondering if the interest lost even in one day would warrant a jump from 5% to 5.3%.
I myself was wondering about the whole direct deposit...because I was hoping to use it for this account. I assume it would be just like a normal account, but I might shoot them an email about it. Ill get back to you if I get a response.
bankerkg49
Member
posted: Jan. 2, 2007 @ 9:05p
Are there any special promotion codes to enter for any little "extras" they might be offering to those wanting to open an account?
timothy86
Senior Member - 3K
posted: Jan. 2, 2007 @ 9:10p
I think I'm going to wait for a promotion code.
I just found out that I can have multiple Citibank e-savings accounts linked together. That will keep me happy for a little while.
craig10x
Senior Member - 5K
posted: Jan. 2, 2007 @ 9:41p
I wouldn't be counting on any promotion code, if that's the main reason you are holding off on this account....I don't suspect they have any plans to offer any bonuses...the APY Rate is attractive enough to get people in....especially since there are no tiers or balance requirements....
so I can transfer up to 2k per day, and it will arrive the very same day? I use HSBC Direct, which has a generous interest rate, no fees, but it takes 3 business days to complete a transfer. I could certainly benefit from only one business day for transfers.
craig10x
Senior Member - 5K
posted: Jan. 3, 2007 @ 9:03a
TheThinker said: so I can transfer up to 2k per day, and it will arrive the very same day? I use HSBC Direct, which has a generous interest rate, no fees, but it takes 3 business days to complete a transfer. I could certainly benefit from only one business day for transfers.
It would arrive the next day (not same day as you place transfer) but also bear in mind that the maximum for 1 day transfers is $5,000 in a 30 day "rolling period"....so obviously, it has more restrictions then the standard 3 day transfer...
Think of the next day transfer ability as one that you would use sparingly...mostly when you need to move just a thousand or two real quick to another bank to pay bills or for immediate cash withdrawal access at your local linked bank, or whatever....
beautyt42
Happy Member
posted: Jan. 3, 2007 @ 12:41p
Not much of information from the iGO website. Where is the physical address? any branches?
ScootyPuffSr
Senior Member - 2K
posted: Jan. 3, 2007 @ 12:43p
For those of us with our own ACH hub already, is there any advantage to this account over UFB Direct which has excellent customer service and a history of high rates?
I'm always leery of newcomers.
craig10x
Senior Member - 5K
posted: Jan. 3, 2007 @ 12:46p
beautyt42 said: Not much of information from the iGO website. Where is the physical address? any branches?
It is the new Online Banking Division of Flushing Savings Bank....which is a 12 branch community bank located in New York City (most of it's branches are in Queens) and has been around for about 80 years or so.....Bankrate monitor gives thems 4 stars out of a possible 5 (high rating)....
IGO is their Online Division, therefore, even if you live in their area, you would not be using branch services...it's like having AMBOY Direct or AMtrust or ING, etc...this is an Online Banking account that you link to your regular bank....They will eventually be offering Checking Accounts as well.....
TannerP
Addicted Member
posted: Jan. 3, 2007 @ 2:35p
Can you direct connect to Quicken using this account?
zoop76
Addicted Member
posted: Jan. 3, 2007 @ 4:14p
craig10x said: It is the new Online Banking Division of Flushing Savings Bank.... Anyone else a little uncomfortable with the name "Flushing Savings"?
zoop76 said: craig10x said: It is the new Online Banking Division of Flushing Savings Bank.... Anyone else a little uncomfortable with the name "Flushing Savings"?
LOL. Anyhow, the crucial matter for iGO is really on its online features (e.g., security) and transfer efficiency.
timothy86
Senior Member - 3K
posted: Jan. 3, 2007 @ 4:55p
zoop76 said: craig10x said: It is the new Online Banking Division of Flushing Savings Bank.... Anyone else a little uncomfortable with the name "Flushing Savings"?
You never heard of Flushing, Queens?
zoop76
Addicted Member
posted: Jan. 3, 2007 @ 4:57p
timothy86 said: zoop76 said: craig10x said: It is the new Online Banking Division of Flushing Savings Bank.... Anyone else a little uncomfortable with the name "Flushing Savings"?
You never heard of Flushing, Queens? Flushing Queens?
Now that's a good idea!
timothy86
Senior Member - 3K
posted: Jan. 3, 2007 @ 4:59p
You obviously don't live in NY.
craig10x
Senior Member - 5K
posted: Jan. 3, 2007 @ 4:59p
that's where they get the name from as they happen to be in Flushing, Queens as well as other sections of that boro...i believe they also have a few offices in Manhattan, as well....
They seem to be highly security oriented....you have to wait until you receive a temp pin # in the mail to log into the account, and i even had to mail in a "proof of address" when opening....their online site seems very reliable, have never seen it "down"....transfers are actually through "cashedge" and unless you are using the very limited next day transfers, it's a standard 3 day transfer over into them or out of them....
PossumDude
New Member
posted: Jan. 3, 2007 @ 9:44p
I just signed up -- easiest on line signup I ever did, got approved online and awaiting account verification deposits. Looks like a good deal, tnx OP.
Argyll
Senior Member - 1K
posted: Jan. 4, 2007 @ 11:00p
I keep running into problems and restrictions I don't like in the IGO account. You cannot use next-day transfer unless you have $750 in the account. There are daily and rolling limits on amounts that can be transferred. Normal transfers take three days. This is why I opted out of HSBC.
With both Amboy and ED I don't have any of these problems and transfers take one day, even for $1.00 and ED pays interest immediately and Amboy the next day. No restrictions on amounts. IGO also has a minimum transfer of $10.00 and a $10.00 fee if you close the account within 90 days. So, when I tried to transfer $1.00 out they wouldn't let me.
The CSR claimed that I need to deposit $2,000 in order to have the $100,000 daily limit option, confusing and doubtful.
I would not risk my $2,000 just to test the limit. The CSR also claimed that the 3-day delay is just to be on the safe side.
I prefer Amboy at this point.
FMXP
Member
posted: Jan. 6, 2007 @ 11:14a
I am linking iGO to a credit card. What is iGO's routing number?
scrolup
New Member
posted: Jan. 6, 2007 @ 11:38a
FMXP said: I am linking iGO to a credit card. What is iGO's routing number? I have this info: iGObanking, a division of Flushing Savings Bank, FSB Routing Number: 026072928
FMXP
Member
posted: Jan. 6, 2007 @ 11:40a
Thanks!
scott1
New Member
posted: Jan. 8, 2007 @ 6:21p
How long did it take for your initial deposit to be posted? They took it out of my BoA account on 1/5/07.
Also, I have to re-verify my BoA checking account because it didn't put the information in there even though I funded my account.
Thanks!
craig10x
Senior Member - 5K
posted: Jan. 8, 2007 @ 6:41p
should be in there by tuesday or wednesday at the latest....yes, they do make you re-do your links once you get into the account (for security reasons) this bank is very security oriented....
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