Bank Of Internet USA - Money Market

Average Score:

•   cool bank, dude

  Let's start with the fact that this is one of the coolest names for a bank out there. Bank of Internet. It's not "Bank of The Internet" - just Bank of Internet. I think George Bush took the other "The" for when he searches "The Google."

  Moving beyond the name, I suppose I should mention that they're a small bank in San Diego...not sure I have a lot of faith in San Diegan (sp?) bankers being at the top of the game - I fear the situation where I get put on hold while trying to transfer a mortgage down payment while my CSR heads out to catch a killer wave.

  But luckily for me, when I called to get more details on the Money Market account, everybody was back from the beach, and apparently very refreshed because the customer service rep I spoke with was very helpful, and didn't even call me "Dude" once!

  In general, they seem to be your typical Internet bank with a reasonably competitive rate - albeit a little on the smaller side. They don't have their own ACH system, so money transfers in/out have to be done via your other bank. But they allow joint accounts and no limits on the number of beneficiaries - the CSR was very proud to report.

  A big bonus for me - which I know is a minor detail and not worth choosing a bank account over, but humor me - is free postage-paid envelopes for mailing check deposits - I get enough checks throughout the year that I love not having to worry about stamps, and at the end of the day...it shows they really care.

  So just a soft credit check, and signature card required for an application and this seems like a pretty good account if the lack of an ACH system and surfer bankers doesn't hold you back.

  Posted by nyc77 -- March 20, 2009