3.80% APY* No minimum balance requirement FDIC insured ability to export to MS Money, Quicken, QuickBooks a limit of 3 withdrawals a month and a maximum of $10K withdrawal a day.
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
saving...
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
* Account Benefits * [3.60% APY as of Nov 28 2008] * No miminum balance requirement * FDIC Insured * Quick & Easy to sign-up online * Fund your account online
Interest is compounded monthly and paid monthly based on daily collected balances.
* How can I make deposits and transfer money in my Wise-Choice Savings account?
You can make all of your deposits and withdrawals online through your secure online banking accounts. Deposits and withdrawals pass between your linked (external) funding account(s) and Venture Bank Direct via the Automated Clearing House (ACH) and usually it takes 2 to 4 days to process. To transfer funds you can log in to your online banking, click on Contact Us and let us know the amount you would like to transfer.
* When are new deposits available for withdrawal?
Initial funding made electronically via ACH will be available after you have verified the small deposits made to your linked (external) account. Future deposits may be withdrawn after 5 business days.
* How long does it take for the money I withdraw from my VBD account to appear in my non-Venture Bank Direct account?
Inbound and outbound transfers initiated between Venture Bank Direct accounts and those you may have at other financial institutions can take 2 - 4 business days.
Message edited by: pope411 on 2008-12-02 19:13:46 CST
doglar said:3.80% APY* No minimum balance requirement FDIC insured ability to export to MS Money, Quicken, QuickBooks a limit of 3 withdrawals a month and a maximum of $10K withdrawal a day.
please post experiences with this bank- Thanks!I just opened one a couple weeks ago.
I didnt initailly have access to their online ACH system (it seems to be a 'new feature'), I had to submit transfer requests via secure email. This included emailing the verification deposit amounts for my opening deposit. But just today I got an email that I can now do transfers online myself. Limit of 3 linked external accounts.
ACH transfer speed (per secure email message): "If you request an ACH transfer on Monday it will leave your source account on Tuesday, will be placed in your Venture Bank account on Wednesday with a five business day hold, available the following Wednesday"
The ACH limits are 3 inbound transfers per day not to exceed a total of $50,000, and 3 outbound transfers per day not to exceed a total of $10,000. But larger amounts can be done via the phone.
No mention of "3 withdrawals a month", I'd assume the standard 6/month applies.
Push/pull from an outside system works fine as well. Routing #125107671
Interest is compounded monthly and paid monthly based on daily collected balances.
* How can I make deposits and transfer money in my Wise-Choice Savings account?
You can make all of your deposits and withdrawals online through your secure online banking accounts. Deposits and withdrawals pass between your linked (external) funding account(s) and Venture Bank Direct via the Automated Clearing House (ACH) and usually it takes 2 to 4 days to process. To transfer funds you can log in to your online banking, click on Contact Us and let us know the amount you would like to transfer.
* When are new deposits available for withdrawal?
Initial funding made electronically via ACH will be available after you have verified the small deposits made to your linked (external) account. Future deposits may be withdrawn after 5 business days.
* How long does it take for the money I withdraw from my VBD account to appear in my non-Venture Bank Direct account?
Inbound and outbound transfers initiated between Venture Bank Direct accounts and those you may have at other financial institutions can take 2 - 4 business days.
Regarding the number of transfers allowed for this account...i just read the fine print on their website...It appears that although they will allow you do to the maximum of 6 federally allowed outgoing transfers, only the first 3 each month are free...to use the additional 3, you will pay $1 per transfer.....
Wow I'm approved and have an account in less than 24 hours. Still have to wait for the two small deposits before I can transfer money but not bad. It was an easy process. It was a little weird, I seemed to have enter in a few different passwords, pins, and secret questions, in several different pages with different URL's. I got a little scared it was a phishing attempt at one point. Once setup it seems pretty a pretty simple interface.
I found it easy to get set up and earning interest with Venture Bank Direct. It's great finding an online savings account with such a high APY. I'm looking forward to exploring their other online banking services.
antidand said:I found it easy to get set up and earning interest with Venture Bank Direct. It's great finding an online savings account with such a high APY. I'm looking forward to exploring their other online banking services. Hey antidand, could you ask your colleagues to help make this available on Yodlee? Thanks.
Does anyone have history of the APY they were giving ? I am not a rate chaser and would want to continue banking with them for some time..Though there are some 4.0 APYs there, it appears these folds are pretty strainghtforward and fast.
Ah so I got this all setup and then saw that outgoing transfers cannot exceed $10,000 in a day. I was worried until I re-read this thread and someone mentioned you can transfer the full amount over the phone. Whew, that would of sucked.
So far I like Venture Bank. The money comes over real quick, although they do put a 5 day hold on the money. It still earns interest in that time but it doesn't show in your available balance. Have yet to have the account for a month so I haven't seen when the interest gets added.
The customer service in the secure online mail area is real good, they've gotten back to me real quick.
pope411 said:Ah so I got this all setup and then saw that outgoing transfers cannot exceed $10,000 in a day. I was worried until I re-read this thread and someone mentioned you can transfer the full amount over the phone. Whew, that would of sucked.You can also pull from the desination account without limit. But remember the 3-withdrawal limit per month, they'll charge $1 for each one over 3.
Thanks for the tip, Glitch, I never think of pulling from the destination. Usually these threads have the routing number in the Quick Summary. Anyone have that handy?
pope411 said:Thanks for the tip, Glitch, I never think of pulling from the destination. Usually these threads have the routing number in the Quick Summary. Anyone have that handy?125107671
It appears they lowered the rate to 3.60 now... (Nov 28 2008)
fwbargain said:Does anyone have history of the APY they were giving ? I am not a rate chaser and would want to continue banking with them for some time..Though there are some 4.0 APYs there, it appears these folds are pretty strainghtforward and fast.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
.
