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  • Cd Phi says:

    I don’t really like the idea of an online savings account because I like having somewhere that I can go to when I need help with anything. Most big branches of physical banks now have online sites as well where you can transfer money and do several other things 24hrs. I’ll stick to my physical bank.

  • Moneymonk says:

    I never experience a issue with witdrawal limits. if so I probably take out 2 or 3 withdrawals to break down withdrawing a large amount at once.

    I never had an issue with online banking. I love it.

    • MoneyNing says:

      Most banks are that way, but one of them (okay, it was actually Discover Bank too. I didn’t want to single them out for all the issues since it wasn’t the point of the article) but they have a $50,000 MONTHLY limit. While I could break the transfer up into smaller chunks in other banks, doing so in separate months is a real hassle, especially when the loan officer questions every transaction like I’m trying to launder money.

      On a side note, it’s interesting that while Discover Bank has a $50,000 limit, HSBC has like a $1.5 million (or some super high number) limit. The way these two banks treats this particular “function” is certainly different.

  • CD Rates Blog says:

    I would lean towards accounts that allow linking to other accounts. Then when you need the money you just log-in and transfer. Usually that is a 24hr process.

    I would always maintain an account with a local bank so that at least your main checking is readily available and you have access to real people.

    cd :O)

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