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Review of EmigrantDirect.com
By Molly's Brother | January 13, 2007
If you’ve visited my blog, you know that I am a huge fan of INGDirect. I know that the APY they offer–though much higher than the national average you’ll find at brick and mortar banks–lags behind other online banks. I stay with the company, though, because I’ve found that they have exceptional customer service. From PF Blogging friends, I’ve heard solid things about HSBC, too.
I’ve been waiting for someone to provide feedback on Emigrant. And, finally, I’ve found it. Head on over to Stephanie and read her recent experience–er, struggle–with EmigrantDirect.
ING DIRECT - High Yield Savings with 4.50% annual percentage yield!
Topics: ING vs. The Others |
January 13th, 2007 at 11:30 pm
Thanks for linking me! Besides the trouble getting my funding account set up, I haven’t had any hassles otherwise. However, Stop Buying Crap had some words to say about Emigrant: http://www.stopbuyingcrap.com/2006/02/03/emigrant-direct-sucks/
February 19th, 2007 at 4:26 pm
I have a savings account with both EmigrantDirect and INGDirect. I have been happy with both accounts although Emigrant yields a bit more in interest.
April 3rd, 2008 at 12:35 am
I was a huge fan too, until I tried to withdraw money. I have been depositing money for three years with this bank. Then last night for the first time I tried to withdraw money. Sure enough, transaction denied.
So here’s the story I get today, apparently three years ago they sent two small transactions to my bank. I confirmed the amount of these transactions, but my wife did not, and as she is a joint account holder, I cannot withdraw money.
If this is their policy than so be it, what I don’t understand is how come every time I log into the website, I don’t get a big red message saying your account is not authorized for withdrawals.
There are really only two things you do at a bank, put money in and take money out. ING seems to be good at the first, but not so good at the latter. You would think that an online bank, with all of the skepticism about online banking, would know better! Unless of course their ultimate goal is to never give me my money back, which for all I know is true!