FNBO Direct (First National Bank of Omaha) online savings account 4.30% as of January 25, 2008!!

I faxed them the info and my transfer proceeded normally, the funds are now in my FNBO account.

hhjane said: Anybody else has similar experience? Did you guys send out a copy of the statement and your driver license?

hhjane said: I received same thing today. Called and was told they started implement this policy late this month, but she was not able to explain why I did not have to do the verification with my 2 other transfers. Now I regret I gave all of my info to them. Did anybody actually faxed out the requested information?

visorvisor said: Anyone else get this:

IMPORTANT INFORMATION ABOUT YOUR FNBO DIRECT ACCOUNT

We are in receipt of your recent request to transfer funds. As a security precaution, we require additional verification of the ownership of the account your funds originated from. We were not able to reach you at the telephone number provided to us at account opening.

Please provide one of the following:

* A voided check from the originating bank account

* A copy of a statement from the originating bank account and a copy of your driver’s license

You can fax this information to us at 402 - 633 - 2673. It is urgent that we hear from you within 24 hours. If we do not, your transfer may not be completed.

If you have questions, please call us at 877-370-3707 option 4.

For your security, the fax number, address and phone number listed above can be verified in the “contact us” section at our website.

Thank you for your interest in FNBO Direct.


WHEN I CALLED the number someone else picked up...
They did not say "FNBO" when they answered the phone.
I also do not have any transfers pending right now. Hmmmm

mnsweeps said: Mailed a BIG check from Sherman Oaks CA on Tue 6/26. So far nothing...
I'm in the same boat as you. The post office received a BIG check from me late in the day on June 25th. No sign it has showed up. I live about the same distance away from Omaha as you.
I don't think we need to start worrying unless the check gets debited to your other account first.

mcmike522 said: mnsweeps said: Mailed a BIG check from Sherman Oaks CA on Tue 6/26. So far nothing...
I'm in the same boat as you. The post office received a BIG check from me late in the day on June 25th. No sign it has showed up. I live about the same distance away from Omaha as you.
I don't think we need to start worrying unless the check gets debited to your other account first.
If it was just sent through 1st-class mail, it could take up to 5 days to get there. That's about the amount of time it usually takes for my letters to get from Omaha to CA.

mnsweeps said: RootGears said: mcmike522 said: mnsweeps said: Mailed a BIG check from Sherman Oaks CA on Tue 6/26. So far nothing...
I'm in the same boat as you. The post office received a BIG check from me late in the day on June 25th. No sign it has showed up. I live about the same distance away from Omaha as you.
I don't think we need to start worrying unless the check gets debited to your other account first.
If it was just sent through 1st-class mail, it could take up to 5 days to get there. That's about the amount of time it usually takes for my letters to get from Omaha to CA.

yummiiee....they received my check today and my Current Balance is already reflecting the $150K...so looks like I will double dip 2 days interest...

06/29/2007 CUSTOMER DEPOSIT $150,000.00

Is it a joint account ?
Insured $200K ?

wow 150k that's a lot of money...

how about everyone posts how much they have put in fnbo so far?

mnsweeps said: RootGears said: mcmike522 said: mnsweeps said: Mailed a BIG check from Sherman Oaks CA on Tue 6/26. So far nothing...
I'm in the same boat as you. The post office received a BIG check from me late in the day on June 25th. No sign it has showed up. I live about the same distance away from Omaha as you.
I don't think we need to start worrying unless the check gets debited to your other account first.
If it was just sent through 1st-class mail, it could take up to 5 days to get there. That's about the amount of time it usually takes for my letters to get from Omaha to CA.

yummiiee....they received my check today and my Current Balance is already reflecting the $150K...so looks like I will double dip 2 days interest...

06/29/2007 CUSTOMER DEPOSIT $150,000.00

This morning I saw they posted interest for month of June.
06/29/2007 INTEREST PAYMENT $58.12

I have around $153k and my $150 deposit was on 6/29. This proves that FNBO gives you interest on available balance and NOT collected balance. My $150k check hit yesterday and I got interest for that...I checked my BOFA NEA account and I have the $150k there too !!

doniam said:

I am not concerned with this bank, but FYI I think your coverage is $100k for you and $75K for your wife.
Believe they would only pay $100K per individual so 150/2 leaves only 25 covered in the second account.
people really need to stop "Thinking" and use the FDIC tool before posting misinformation

By the way, was glad to see my interest of around $550 hit my account today. This bank is fine, don't really get all the complaints. I plan on leaving my money here as long as they stay above what Emigrant and HSBC are paying. I don't think they'll go below 5.25 after the promotion. I like chasing the 6 percent teasers, especially this one due to the length of time the rate was guaranteed, but I'm getting confused by the amount of internet banks I have out there. Unless another one is guaranteeing a great rate for a very nice length of time, I plan on sticking here.

I believe this is saying he is okay. He'll be insured up to 200k (100k per account) and his wife can be insured up to 100k on the joint account. So techinally he and his wife can be insured up to 300k in both accounts.

I think you are incorrect. The total combined fdic insurance is 200k. Thats what the rules say and that is also what the fdic estimator tool gives for a result.

My first interest payment posted, not bad or any problems to speak of. I used it pay credit cards via a pull from cc website. Not as visually attractive as ING Electric checking, but I made $50 more this month in interest.

so FDIC it is insured....how about roommate got your password and somehow got your money or hackers or however you lose the money...is it covered? for FNBO, ING and ED?

I agree with Hoops77 and Hudendak. If you understand how FDIC coverage is calculated you won’t have to rely on the tool.

FDIC insures accounts, in federally insured institutions, at a minimum of 100K per account category, per person, per bank.

The categories* include single accounts, joint accounts, certain retirement accounts, and revocable trust accounts.

This means that if a person has funds in each of these categories at an insured bank, he will have at least $400K of FDIC coverage at that bank.

Since FNBO only offers two of the categories of accounts, namely single account and joint account, the maximum amount of coverage per person would be 200K.

For husbands and wives that pool their finances, this would mean 200K for the husband and 200K for the wife resulting in a combined FDIC coverage of 400K at FNBO.

*Maximum amount of coverage by category:

Single accounts = 100K per person
Joint accounts = 100K per person
Retirement accounts = 250K per person
Revocable trust accounts (POD, ITF, ATF) = 100K per person per qualified beneficiary

mh83 said: okaythen said: so FDIC it is insured....how about roommate got your password and somehow got your money or hackers or however you lose the money...is it covered? for FNBO, ING and ED?
No that is not covered by FDIC at any bank. FDIC only insures against loss of deposits if an FDIC-insured bank fails.

ya I know, I mean do online banks cover it? like ED offters debit card and if it gets stolen do they cover it etc

mh83 said: mnsweeps said: yummiiee....they received my check today and my Current Balance is already reflecting the $150K...so looks like I will double dip 2 days interest...
Good job on the timing Mnsweeps!

Any hold on the check? Which address did you send to?

I mailed it to following address from Sherman Oaks CA. I dont know about hold but I dont care. Also I double dipped 3 days and not 2 days as I had initially thought. Fri, sat and sunday...
FNBO Direct
PO Box 3707
Omaha, NE 68103-0707

I started this account about 45 days ago, have made multiple deposits and have been satisfied with the ease of use. The only downside would be that the dividend is taxed at the regular rates.

I noticed a previous poster was taking of multiple 6 figure accounts; perhaps an A3 preferred stock at the 15% rate or Master Limited Partnership (some double tax free) would be a preferable option?

I have a joint account and an individual account. Ridiculously, I can not transfer money between these accounts, will they fix this problem ?

timothy86 said: I cleared my account today. They won't let me close it till Monday.

I can't stand the whole log in thing since I can never remember the username or passwords or security questions and I got so fedup of calling all the time that I just decided to close it.

They have the most retarded system. The point of a good password systems is one that you don't have to write anything down. This systems has so many variables that have to be met that it is impossible to remember everything without writing everything down.

Forget them.

Seems like you were looking for a reason to leave? I have no problems with my FNBO account as it only asks me those questions when I clear my cookies or log on from another computer (e.g. at work). My local bank has instituted a more stringent system where it asks questions every single time you log in from a set of FOUR random questions you selected. I have to think for a few seconds sometimes but that makes me feel better knowing that my account has at least another thin layer of protection.

I just think it's silly to leave over their log-in security measures. I see on 6/29 interest was deposited into my account. I'm very impressed. After the month ends, CitiBank takes something like 2-3 weeks to post and PayPal takes a week.

I am not able to connect to fnbodirect.com at this minute.
Anyone else?

no here as well. I hope they didn't disapear with all my money I'm sure it's just a website issue. But it's funny that I came here just as you did to check.

citifan said: no here as well. I hope they didn't disapear with all my money I'm sure it's just a website issue. But it's funny that I came here just as you did to check. No trouble logging on to look at my pretty interest.