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Emigrant Direct Saga and Found Cash

This article was written by in Saving, Taxes. 3 comments.

My Wachovia checking account received the two small verification deposits from Emigrant Direct, which was the next step in opening my account with that bank. Unfortunately, when I originally signed up, I submitted an email address I no longer used. After reactivating that mailbox, I called Emigrant Direct’s customer service to have them resend a required email message.

It only took a couple of minutes on hold before speaking to someone. When I had the CSR on the phone, she helpfully resent the message. I received it less than a minute later and continued the process.

Now I must wait for a letter containing my account information to arrive via snail mail. This is similar to the process I went through when originally opening my ING Direct account.

In other news, I received my state tax refund ($150 or so) via electronic funds transfer today and surplus from my latest student loan ($2,200) yesterday. In a few weeks I should receive about $200 from Upromise. I plan to use the “extra” cash to pay down my student loan with the highest interest rate, take care of my auto insurance deposit, and cover the cost of a tire I had to replace.

Updated February 6, 2012 and originally published March 15, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment }

avatar Robin

I’m so unoriginal. Compelled by the rate you mentioned even though John insists my money is better put into more real estate than in a savings account, I too signed up for Emigrant from my existing Wachovia account. Doesn’t seem too painful so far–my main concern is regarding how complicated it’ll be to transfer money back into my Wachovia checking as-needed from the new savings account, since that’s where I plan to let my money sleep when it’s resting.