Comments on: Emigrant Direct Account Opening http://www.consumerismcommentary.com/emigrant-direct-account-opening/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jerry http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-58502 Jerry Fri, 25 Aug 2006 05:28:51 +0000 http://wp.consumerismcommentary.com/?p=238#comment-58502 Emigrant Direct is currently a good way to park money. If you are planning to move it everytime a competitor has a marginally better rate, you might do better as a stock market day trader, because no bank is going to want a fickle client who never keeps the balance long enough to be loaned. If you do use ED, don't expect good customer support, but you really won't support if you are parking money there. Good luck surviving during this inflationary economic period. Emigrant Direct is currently a good way to park money. If you are planning to move it everytime a competitor has a marginally better rate, you might do better as a stock market day trader, because no bank is going to want a fickle client who never keeps the balance long enough to be loaned. If you do use ED, don’t expect good customer support, but you really won’t support if you are parking money there. Good luck surviving during this inflationary economic period.

]]> By: Mitch http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-290 Mitch Wed, 14 Dec 2005 18:36:40 +0000 http://wp.consumerismcommentary.com/?p=238#comment-290 Emigrant stinks! They never sent me email confirmation of successful application processing, then quickly debited WAY more than I had in my checking acct. I never got a chance to put the money into the account and would have rushed it in if only they sent me confirmation. Talked at length on the phone with Emigrant and was told tough luck -- pay your overdraft fees at your bank, fool, our fine print says we do what we like when we feel like it. BEWARE! Emigrant stinks! They never sent me email confirmation of successful application processing, then quickly debited WAY more than I had in my checking acct. I never got a chance to put the money into the account and would have rushed it in if only they sent me confirmation. Talked at length on the phone with Emigrant and was told tough luck — pay your overdraft fees at your bank, fool, our fine print says we do what we like when we feel like it. BEWARE!

]]> By: doglar http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-289 doglar Sat, 30 Jul 2005 06:13:22 +0000 http://wp.consumerismcommentary.com/?p=238#comment-289 I read a lot of negative things about opening an emigrant account. When I finally decided to open one, I was surprised to find that it was superior to the last several accounts I openned online (state farm, bank of internet, HSBC, Western Financial Bank). It only had 2 submit screens and allowed me to enter a PO box (smarter than most). It appears that it will also allow electronic transfer as initial deposit versus paper mail of a check. It seems it will be opened before the others and it was started much later than the others. I am guessing that most folks that found this process difficult, must not have many reference points to compare it to. When I opened my ING account, I felt like a terrorist and had to close it because I am entirely wireless (no home phone). It was funny that they took their $25 bucks back but left me the 7 cents interest made on the $25 bucks. I read a lot of negative things about opening an emigrant account. When I finally decided to open one, I was surprised to find that it was superior to the last several accounts I openned online (state farm, bank of internet, HSBC, Western Financial Bank). It only had 2 submit screens and allowed me to enter a PO box (smarter than most). It appears that it will also allow electronic transfer as initial deposit versus paper mail of a check. It seems it will be opened before the others and it was started much later than the others. I am guessing that most folks that found this process difficult, must not have many reference points to compare it to. When I opened my ING account, I felt like a terrorist and had to close it because I am entirely wireless (no home phone). It was funny that they took their $25 bucks back but left me the 7 cents interest made on the $25 bucks.

]]> By: bobby http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-288 bobby Mon, 27 Jun 2005 21:01:13 +0000 http://wp.consumerismcommentary.com/?p=238#comment-288 Be aware emigrant direct withdrew funds twice by mistake friday putting my checking account in overdrawn condition they said it was a computer glitch and there working on the problem some problem!! it didnt seem to bother anyone supervisors or mamagers when i called them and complained they said mistakes will be made !! but i said not in electronic banking thers no room for mistakes be aware be very aware of their non chalont attitude about mistakes with our money! Be aware emigrant direct withdrew funds twice by mistake friday putting my checking account in overdrawn condition they said it was a computer glitch and there working on the problem some problem!! it didnt seem to bother anyone supervisors or mamagers when i called them and complained they said mistakes will be made !! but i said not in electronic banking thers no room for mistakes be aware be very aware of their non chalont attitude about mistakes with our money!

]]> By: tony http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-287 tony Fri, 27 May 2005 11:14:02 +0000 http://wp.consumerismcommentary.com/?p=238#comment-287 Interest is a little bit higher than other ban but a very bad customer service. Not only when you set up account. When you schedule a transfer, sometime they disappear and show no-pending transfer and reappear the next day. I close my link checking and want to close my emmigrent direct. They told me I cannot close because they need to transfer the money before thay close but I already close my checking. I call, email. They give me the same answer like a robot. The worst cus. service I ever seen at any bank in the world Interest is a little bit higher than other ban but a very bad customer service. Not only when you set up account. When you schedule a transfer, sometime they disappear and show no-pending transfer and reappear the next day. I close my link checking and want to close my emmigrent direct. They told me I cannot close because they need to transfer the money before thay close but I already close my checking. I call, email. They give me the same answer like a robot. The worst cus. service I ever seen at any bank in the world

]]> By: Melchorr http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-286 Melchorr Tue, 10 May 2005 20:31:17 +0000 http://wp.consumerismcommentary.com/?p=238#comment-286 Because I am so accustomed to doing everything online I totally missed the paragraph at the bottom of the login page explaining that an ID number would be e-mailed to me. I called up the customer service number and the lady actually told me that I "have to be patient" because it had only been a few days since I had initially registered. I was a bit put off. I mean, come on lady...when you have oodles of competitors who can offer instant "everything" do you really want to tell someone to be patient? Emigrant Direct MUST change their sign-up process because I know they are losing people in their current web of steps that involve the United State Postal Service. Since my initial exhortation to "be patient" I have had no difficulties out of ED. When I called in a few months back with a question the woman who answered was about as helpful and friendly as they come. Now, if they could just make their online system as efficient then I believe they'd really start to take off. If you hear me, Emigrant Direct....please join us in the year 2005, instead of being stuck in 1996. Also, keep bringing up that APY! Because I am so accustomed to doing everything online I totally missed the paragraph at the bottom of the login page explaining that an ID number would be e-mailed to me. I called up the customer service number and the lady actually told me that I “have to be patient” because it had only been a few days since I had initially registered. I was a bit put off. I mean, come on lady…when you have oodles of competitors who can offer instant “everything” do you really want to tell someone to be patient? Emigrant Direct MUST change their sign-up process because I know they are losing people in their current web of steps that involve the United State Postal Service.

Since my initial exhortation to “be patient” I have had no difficulties out of ED. When I called in a few months back with a question the woman who answered was about as helpful and friendly as they come. Now, if they could just make their online system as efficient then I believe they’d really start to take off.

If you hear me, Emigrant Direct….please join us in the year 2005, instead of being stuck in 1996. Also, keep bringing up that APY!

]]> By: ajg http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-285 ajg Sun, 24 Apr 2005 20:05:35 +0000 http://wp.consumerismcommentary.com/?p=238#comment-285 I opened my Emigrant account at back in Feb. I was shocked at how long the process took - as some posting here allude to. Also, funds being available on the 10th day seemed to be the 15th day. I was also surprised that between steps - for instance, after I entered my two small deposits to activate the account - there is no guidance on what happens next. I had to call CSRs to find out. Their website does seem like something from years ago - not nearly as user friendly as ING. During the whole process, I was wondering whether I was ever going to see my money. Since going through those annoying hassles, I can't say I've had additional problems. I did test moving money out of there and everything seemed fine. I opened my Emigrant account at back in Feb. I was shocked at how long the process took – as some posting here allude to. Also, funds being available on the 10th day seemed to be the 15th day. I was also surprised that between steps – for instance, after I entered my two small deposits to activate the account – there is no guidance on what happens next. I had to call CSRs to find out. Their website does seem like something from years ago – not nearly as user friendly as ING. During the whole process, I was wondering whether I was ever going to see my money. Since going through those annoying hassles, I can’t say I’ve had additional problems. I did test moving money out of there and everything seemed fine.

]]> By: Scottyfontana http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-284 Scottyfontana Tue, 19 Apr 2005 01:15:17 +0000 http://wp.consumerismcommentary.com/?p=238#comment-284 I opened my Emigrant Direct savings account about three weeks ago and have had no problems. Sure, the website could be better but the 3.25% can not be beat for a no minimum account. Best savings account around in my opinion. I opened my Emigrant Direct savings account about three weeks ago and have had no problems. Sure, the website could be better but the 3.25% can not be beat for a no minimum account. Best savings account around in my opinion.

]]> By: biaspoint http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-283 biaspoint Thu, 07 Apr 2005 13:58:22 +0000 http://wp.consumerismcommentary.com/?p=238#comment-283 How can you say the rate is not worth the hassle, I bet you prefer to pay someone to pump your gas as well. If I have to be inconvienced slightly to make 3x what a normal bank offers, than so be it... I have just opened an account as well and went through some growing pains, but the end definetly justifies it... How can you say the rate is not worth the hassle, I bet you prefer to pay someone to pump your gas as well. If I have to be inconvienced slightly to make 3x what a normal bank offers, than so be it… I have just opened an account as well and went through some growing pains, but the end definetly justifies it…

]]> By: Flexo http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-282 Flexo Wed, 06 Apr 2005 23:06:32 +0000 http://wp.consumerismcommentary.com/?p=238#comment-282 Their website might not be pretty, but operating it is easy enough, now that my account is open. I don't see it as an obstacle. Their website might not be pretty, but operating it is easy enough, now that my account is open. I don’t see it as an obstacle.

]]> By: Kathy Semith http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-281 Kathy Semith Wed, 06 Apr 2005 20:11:10 +0000 http://wp.consumerismcommentary.com/?p=238#comment-281 emigrant stinks - have you used their website??? seems like something that was built in 1996. rate not worth hassle. emigrant stinks – have you used their website??? seems like something that was built in 1996. rate not worth hassle.

]]> By: Stacy http://www.consumerismcommentary.com/emigrant-direct-account-opening/comment-page-1/#comment-280 Stacy Thu, 24 Mar 2005 15:26:09 +0000 http://wp.consumerismcommentary.com/?p=238#comment-280 Will the maddness involved in opening an Emmigrant Direct account never end. I've heard more positive than good. Will the maddness involved in opening an Emmigrant Direct account never end. I’ve heard more positive than good.

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