Good time to start this promo right after HSBC's ended, I guess they want HSBC's customers

alchemize said:Hard or soft pull?FAQ:

Will my online savings application affect my credit score?
No. The application process does not affect your credit score.

iSpecK said:sweet, that was probably the easiest account sign up I ever went through. Had them pull most of the cash out of HSBC. We'll see how quickly it moves.

thanks OP
Not to be a monday morning quarterback - but that might not have been a good idea.

If the account takes a day or two to open, then they might initiate the transfer on Thursday (today is Tuesday, (for future clarity)). Depending on how they do things, you might not be credited with the money until Monday.

Thanks, just opened the account, it's a good place to park some money until September.

Just pulled all my money from HSBC and put it into FNBO... It looks like a very good deal.

Has anyone tried using an external account like USAA to transfer in and out funds aside from the one account they let you ACH-link?

chcui said:Just pulled all my money from HSBC and put it into FNBO... It looks like a very good deal.

Did you initiate this transfer from the HSBC site or from the FNBO site?

chcui said:Just pulled all my money from HSBC and put it into FNBO... It looks like a very good deal.

I learned my lesson before -- don't give any "internet bank" any money you don't mind losing access to for at least 2 weeks. Just be careful out there. Between getting user names, account numbers, passwords, internet access to the account, etc., you can be in for a lengthy sign up process AFTER they take your money. I am speaking not about FNBO in particular, but the process in general (had a horrible experience with a bank in Florida not too long ago). As it is they put a 7 business day hold on your initial deposit which isn't a hardship usually....

(Edited to clarify the hold is on the initial deposit); also "You will receive your account number within two business days, and then you can enroll in your account." So, at least they commit to giving you an account number. I still would use caution since I don't know how long it takes to "enroll your account" after they give you an account number. Could theoretically take another few days if they "mail" the password to you after enrolling.

Anyone know which credit bureau they use?

You may want to print the sheet that says you have to send something in to prove your mailing address.