daregan said:How much affect do you think all of us pulling our money out of HSBC will have?

None whatsoever. I am sure a huge portion of the deposits will stick at HSBC, don't you worry.

daregan said:How much affect do you think all of us pulling our money out of HSBC will have? Definitely won't have any Affect. Might have an Effect, but then, I doubt that too...

daneicy80 said:Ok don't ream me out but I was going through the application kinda fast (I'm at work right now) and I'm not sure if I screwed up or not. When you got to the signature page did it prompt you to print anything out?? I didn't. The only thing I think it prompted me to print was the approval screen. Please tell me I didn't miss a step! I know usually you have to print out a signature card and mail it in.No, I think the only pages it prompted me to print were the "Application Decision" and "Application Summary" (last page). (Of course, I screen-print and save as JPGs just about everything else.) The signature page says "This authorization shall be deemed to be your signature for all legal purposes and shall have the same legal effect as if it were your original handwritten signature."

Unless you're funding by check, there's nothing to send in.

Can you ACH push/pull from another bank into/out of FNBO Direct?

Added Bankdeals blog article on FNBO Direct to quick summary.

TheWalL said:From their T&C:

You agree that we may contact any source necessary and may obtain credit reports in connection with opening, maintaining and servicing your account and providing services to you.

From bankguy's blog

No hard credit inquiry (just a soft pull which doesn't affect credit score) (CSR)

Will anyone break the 6.00% barrier to compete?

I don't remember in my life a USA savings account ever paying more than 6%

mhesidence, I read what BankGuy found from CSR...but that line still is in their T&C so I wanted to point out. I just opened one...will have to wait till tmw morning to find out if they did pull a hard.

retire35 said:Will anyone break the 6.00% barrier to compete?

I don't remember in my life a USA savings account ever paying more than 6%


In the 2000 I believe ING Direct had a 6.50%APY for a short time.

therivler1 said: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.

They allow wire transfers. You're crazy if you use ACH with a lot of money. Just wire it.