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   posted: Jan. 12, 2007 @ 9:50a
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Apply Here

%5 interest
* Free internet banking and bill payment
* Free telephone banking
* Free Unlimited Worldwide ATM usage; currency conversion fee may apply on ATMs in foreign countries
* Earn interest on your account balance
* Unlimited check writing and free ebank custom checks
* Free 3 x 5 safe deposit box or discount on a larger size
* Free debit card and no annual fee credit card
* Free traveler’s checks and free official checks
* Rate bonus of 1/4% on an ebank CD or IRA
* Rate discount of 1/4% on a personal loan with automatic payment from ePremium account
* No monthly fee if $2,500 minimum daily balance or $5,000 average daily balance is maintained. If balance requirement is not met, the monthly service fee is $10
* Minimum opening deposit is $100.

Bank Deals Blogspot provided information about the deal

It would appear it doesn't have its own ACH facilities, since from the FAQ:
How do I make a deposit?

You can make a deposit in person at our Atlanta office, by wire transfer or by mail. You can also have your paycheck, Social Security or other recurring deposits made through Direct Deposit/ACH.

---------------------------------------------------
According to Bank Deals Blogspot and posts in this thread
the 5% promo is no longer.

   posted: Jan. 12, 2007 @ 9:50a

link to bank's main page

Bank Deals post

APY history for checking accounts:

eFree
2.25%
2% 8/29/2007
1.5% 9/20/2007

ePremium
5%
3% 8/29/2007
2.5% 9/20/2007

   posted: Jan. 12, 2007 @ 12:00p
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Has anyone had any experiences (good or bad) with Ebank?

   posted: Jan. 12, 2007 @ 12:03p
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Sounds like a good alternative to those who don't have a DD and can't qualify for Presidential.

   posted: Jan. 12, 2007 @ 12:06p
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Fixed your link to eBank

   posted: Jan. 12, 2007 @ 12:24p
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fallentimes said:Has anyone had any experiences (good or bad) with Ebank?

I have (i have their Efree Checking which pays 2.25% and ESavings which pays 3%).....It is a one branch bank in Atlanta, Georgia that has web customers all over the U.S. (very much like the "USAA model"...lol)...The Customer Service is very good, and they set you up pretty fast...Their Online Banking has a nice interface (not as fancy as BOA/WAMU/CITI, but nice)....Their Bill Pay is Checkfree and it is the fast version (1 business day on the electronic payees).....

No charge for atm usage on their end, and you get UNLIMITED next day refunds of any atm surcharge, worldwide, regardless of the number of times or the amounts.....On the foreign country atm charges, they only thing they don't cover is the currency conversion charge.....

Regarding ACH Transfers, you can pull or push for free from other banks/cus but they do not have their own external bank transfer service....My experience with this bank has all been positive....

It's a really excellent deal (the 5% apy...even though it does have the $2500 min bal req) i e-mailed them about it...they said it is not a "teaser rate" the only question i would have is if they are planning to keep the rate "competitive" in the long run...if they are, this is a really excellent deal....

   posted: Jan. 12, 2007 @ 1:31p
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Thanks OK and craig10x.

Before anyone asks, it's a member of FDIC.

With bill payment, can you setup automatic bill notifications? Can you setup electronic payments? With many utility and credit card accounts, they would be essential to not miss payments.

   posted: Jan. 12, 2007 @ 1:40p
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So ePremium's regular APY is 3%, now this is a special offer, I wonder how can special offers not be teasers... It's just that it takes time to setup bill notifications and payees etc. It would suck if they bait and switch.

   posted: Jan. 12, 2007 @ 2:11p
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rockets said:So ePremium's regular APY is 3%, now this is a special offer, I wonder how can special offers not be teasers... It's just that it takes time to setup bill notifications and payees etc. It would suck if they bait and switch.

I worry about that too, rockets....i did call them and the CSR insists that they plan to keep the rate "competitive" with the likes of WAMU/CITI/HSBC online savings rates...and will not tier structure the account....at least that is what they say, if you take them at their word....

Oh, and yes, their bill pay does allow e-bills as well....it's a Checkfree interface...

   posted: Jan. 12, 2007 @ 2:21p
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craig10x said:rockets said:So ePremium's regular APY is 3%, now this is a special offer, I wonder how can special offers not be teasers... It's just that it takes time to setup bill notifications and payees etc. It would suck if they bait and switch.

I worry about that too, rockets....i did call them and the CSR insists that they plan to keep the rate "competitive" with the likes of WAMU/CITI/HSBC online savings rates...and will not tier structure the account....at least that is what they say, if you take them at their word....

Oh, and yes, their bill pay does allow e-bills as well....it's a Checkfree interface...

Well at least they don't require direct deposit, so it makes it that much easier to switch if the rate falls off. That is what I am stuck with presidential right now. It's more fun to go to the dentist then it is to change direct deposit at my company. Lets just say the payroll person is the niece of the CEO.

   posted: Jan. 12, 2007 @ 3:20p
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If you read the Bankdeals blog I cited:
"I just spoke with the customer service rep and was told that this rate increase occurred last night, and the website is not completely updated with this change. The new 5% is advertised on the home page, but the rates page is still showing 3%."

So this is saying the website has not been completely updated, so it is not a special/teaser rate. On the other hand virtually none of the great rates seem to last a long time.

   posted: Jan. 12, 2007 @ 3:37p
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Grobe said:If you read the Bankdeals blog I cited:
"I just spoke with the customer service rep and was told that this rate increase occurred last night, and the website is not completely updated with this change. The new 5% is advertised on the home page, but the rates page is still showing 3%."

So this is saying the website has not been completely updated, so it is not a special/teaser rate. On the other hand virtually none of the great rates seem to last a long time.

Yes I did see that. I was just saying that, if you click on the link you provided, on the same page you see,

Special Offers, 5 Star Checking

then the last bullet says, "No confusing teaser rates".

Special but no teaser seems an oximoron.

Anyhow, I gave you green. I just haven't decided if I want to jump on it.

   posted: Jan. 12, 2007 @ 6:27p
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The check card worked perfectly in Europe for me, no fees indeed. Also I am afraid I am exasperating them with my frequent small withdrawals for which they refund me $2 each time. And yes, the refund is not separately posted, already the posted withdrawal is fee-free. So it's better than the USAA checking refund schedule (which is now defunct unless you are or recently were in the Army).
A good tip (thanks, Craig!) if you want to set up your own PIN, is to assign it before they send your card in the mail. Preferably about the time when you're dealing with the signature specimen letter.
They send you a bunch of free checks, I have no idea when I'll be able to use them all up.

IMO, this is the best no-promo checking account offer out there (the only potential turn-offs are the $2.5K min bal for making it free and the absence of ACH). But since I plan to stick with my local BOA NEA account (and I am still pondering whether to jump on the Lockheed 6% deal), not needing more than a few hundred $ into the free ATM account, I'm not going for it.

Edit: One more thing: I had no problems in depositing a Cap1 purchase check. Not sure about BT checks, though.

   posted: Jan. 12, 2007 @ 7:02p
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Hard pull I assume given their disclaimer about credit report and Chex. Anyone know what agency?

Do they do any sort of mail-in deposits? Prepaid?

Looks like very interesting alternative to Presidential, especially since they offer checkfree and atm rebates (no ATM rebates on pres).

   posted: Jan. 12, 2007 @ 7:05p
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g10ny said:and the absence of ACHDo you mean that they do not offer their own ACH interface ? Or do they not allow an ACH initiated from ING, HSBC, ED, etc to go through ?

   posted: Jan. 12, 2007 @ 7:30p
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xoneinax said:g10ny said:and the absence of ACHDo you mean that they do not offer their own ACH interface ? Or do they not allow an ACH initiated from ING, HSBC, ED, etc to go through ?
According to the original post, this means they just don't have an interface (such as Yodlee FundsTransfer or CashEdge).

   posted: Jan. 12, 2007 @ 8:34p
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Xeon852 said:
Do they do any sort of mail-in deposits? Prepaid?
.

Yes, they sent me a few prepaid envelopes. They even had QuickPost until it was discontinued.

I had no hard credit pull from them.

And yes, by absent ACH I meant you cannot initiate ACH from their pair. This means if you plan to use a, say, BofA-eBank combo, each time you push money from BofA you will be charged the ACH fee by BofA. Fortunately there are a few good free ACH pushers (Citi, GMAC, USAA if you have it).

   posted: Jan. 12, 2007 @ 8:56p
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exactly, they don't have their own "external bank transfers" feature, but you can push or pull from other banks without getting charged by EBank....I know, it is a little confusing when the say "No Teaser Rate" yet, call it a "Special" though,

as i mentioned, the CSRs there are stating that they plan on keeping it "competitive" (i had mentioned to them about WAMU/CITI/HSBC all being "competitive" in that 5% rate catagory....so, it's a matter if you want to take them on their word and give them a shot...

Like g10ny, I am not going for it, simply because i am happy with my BOA Checking w/NEA Savings Account, and use my Efree Checking mainly for the free rebates and to give me extended atm coverage beyond BOA (not that BOA doesn't have lots of atms....lol)

But if someone would like the convenience of a 5% Checking with unlimited free rebates, it's certainly worth taking a shot, i would say...i have been with them for over a year, and they seem to be a very good bank.....

   posted: Jan. 12, 2007 @ 10:24p
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Any idea which CRA they pull.

   posted: Jan. 12, 2007 @ 11:41p
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Apparently none. But since they are located in Atlanta... watch for possible Equifax pulls!
Edit (in answering to the next post): I have an account with them since this fall, if this matters.

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