Entries Tagged 'Banking' ↓

Ally Bank Online Savings Account: Fees Watch

December 7th, 2009 — Banking

Yes. Surprise surprise. Another online savings account. Like others, Ally Bank does not have minimum or monthly maintenance fee. But it does have other banking fees when you want specific services done. Below are the fees:

Ally Bank Online Savings Account Fees

Fees
Each transaction exceeding six per statement cycle. $ 10.00
Bounced check $ 7.50
Services
Cashier’s check $ 10.00
Domestic outgoing wire $ 20.00
International outgoing wire $ 45.00
Paper statement copy. Remember, it’s free to see your statement online. $ 2.00/page

*Why only 6 transactions per statement cycle?

The limit is actually set by federal law for electronic and telephone transactions, as well as checks issued to third parties, from all U.S. savings and money market accounts. Deposits are unlimited. Please remember, you will be charged a $10 fee for each transaction that exceeds these limits by Ally Bank.

No Comments

FNBO Direct Online Savings Account: Fees Watch

December 5th, 2009 — Banking

FNBO Direct online savings account is another popular high-yield online savings account, currently offering a 1.40% APY savings account that’s considered the best of 2008 via Kiplinger’s Magazine. The account has no monthly fees or minimum balance requirement (although you need to open the account with at least $1), there are however some other additional fees for certain banking services. They are listed below:

FNBO Direct Online Savings Fees Disclosure

Overdraft Item Fee (maximum 6 per day)/td>
$30.00
Return Item Fee (maximum 6 per day)
$30.00
Dormant Account Fees:
  • Initial Dormant Account fee
  • Monthly Dormant Account fee

$25.00
$5.00
ATM or VISA Check Card Replacement
$10.00
Foreign ATM
  • Cash Withdrawal (per transaction)
  • Balance Inquiries (per transaction)
$2.50
$1.00
International Service Fee (card transactions)
2% per transaction
Domestic Wire Transfer (Wires after 3:30 p.m. CST will process the next business day):
  • Incoming
  • Outgoing
  • Tracers
  • Wire Research (per hour)

$15.00
$25.00
$20.00
$20.00
International Wire Transfers are not allowed for FNBO Direct customers
Copy Requests (per request)
$5.00
Next Day Transfer Fee (per withdrawal)
$10.00
An Overdraft Item Fee may be created by ATM withdrawals or by other electronic means as applicable.

We may charge an international service fee equal to 2% of the amount of the transaction on any international transaction, such as a withdrawal from an ATM outside the United States or a purchase from a merchant located outside the United States (for example, an internet purchase from a foreign merchant). This fee applies regardless of whether the transaction occurs in U.S. Dollars.

Transactions made in currencies other than U.S. Dollars will be converted to U.S. Dollars under the then current regulations of VISA. Those regulations currently provide that the conversion rate may be either the wholesale market rate or government-mandated rate in effect the day VISA processes the transaction. The currency conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or the posting date. The VISA/PLUS ATM Network currently uses the rate in effect on the transaction date.

No Comments

E-Trade Bank Online Savings Account: Fees Watch

January 27th, 2009 — Banking

E-Trade Bank’s Complete Savings Account is a popular high-yield online savings account. At it’s current rate of 3.01% APY, it is one of the higher rated no fees, no minimum online savings account.

Although there is no account maintenance or minimum balance fee, there are some additional fees you should be aware of if you plan to use E-Trade’s online savings account beyond the online capabilities.

Here’s a list of Bank Service Fees that applies to the Complete Savings Account, as per E-Trade’s website:

Account Research $25 per hour
Check Copies (front and back) $5 per check
Check Reorder (standard quantity) $8.75 per reorder ($8.25 for the E*TRADE Money Market Account), waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.
Check Returned for Non-Sufficient Funds $25 per item
Coverdraft Protection $5 per usage. To enroll account, send us a secure message or call us at 1-800-ETRADE-1 (1-800-387-2331) from 7 a.m. to midnight ET.
Digital Security ID $25 per device, waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.
Duplicate Statements $5 per statement
FedEx Request $20 per request
IRA Transfer (full account) $0 per transfer in
$60 per transfer out
Legal Processes (subpoenas, levies, and other processes) $75 minimum plus research and copy fees
Returned Deposits $25 per item
Stop Payment Request $25 per request
Verification of Deposit $5 per request
Wire Transfers $0 per incoming wire
$25 per outgoing wire (domestic or international)

If you’re considering signing up for an E-Trade online savings account, check out this E-Trade Bank Online Savings Account Review for more information on opening process, account usage, and transaction transfer speed.

No Comments