Comments on: Ally Bank Accounts Fully Functional, But … http://www.thesunsfinancialdiary.com/personal-finance/ally-bank-accounts-fully-functional/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Luluhttp://www.thesunsfinancialdiary.com/personal-finance/ally-bank-accounts-fully-functional/#comment-60550 Lulu Wed, 08 Jul 2009 15:39:06 +0000 http://www.thesunsfinancialdiary.com/?p=4090#comment-60550 I tried to open a savings account with them after creating the 9 month cd and saw the whole rigmarole about opening as a new customer so I just gave up.It was too frustrating to do all of that over again but I am glad you said there is an option to find it...even though it is hidden. I tried to open a savings account with them after creating the 9 month cd and saw the whole rigmarole about opening as a new customer so I just gave up.

It was too frustrating to do all of that over again but I am glad you said there is an option to find it…even though it is hidden.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/ally-bank-accounts-fully-functional/#comment-60509 Sun Fri, 03 Jul 2009 03:26:42 +0000 http://www.thesunsfinancialdiary.com/?p=4090#comment-60509 Ken: I can totally understand why banks won't allow me to add new money to an existing CD because the term and rate may not be the same, even though in this case the rate doesn't change. However, I was frustrated by the process. My first application didn't complete, but a new account was still opened. Also the fact that they have the function to modify a transfer, but didn't allow me to do so even made me more unhappy. It seems that I can only edit or delete the transfer if it is scheduled, say, to start at a different date. If no specific date is specified, then there's no way to change it. I am surprised that many other banks, like HSBC, Dollar Savings Direct, IGoBanking do allow me to change, but not Ally. Not sure if the restriction is particular to CD account or not, but I doubt that's the case. Ken: I can totally understand why banks won’t allow me to add new money to an existing CD because the term and rate may not be the same, even though in this case the rate doesn’t change. However, I was frustrated by the process. My first application didn’t complete, but a new account was still opened. Also the fact that they have the function to modify a transfer, but didn’t allow me to do so even made me more unhappy. It seems that I can only edit or delete the transfer if it is scheduled, say, to start at a different date. If no specific date is specified, then there’s no way to change it. I am surprised that many other banks, like HSBC, Dollar Savings Direct, IGoBanking do allow me to change, but not Ally. Not sure if the restriction is particular to CD account or not, but I doubt that’s the case.

]]> By: Kenhttp://www.thesunsfinancialdiary.com/personal-finance/ally-bank-accounts-fully-functional/#comment-60503 Ken Thu, 02 Jul 2009 21:11:54 +0000 http://www.thesunsfinancialdiary.com/?p=4090#comment-60503 It's rare for banks to allow you to make additional deposits into a CD. There are a few add-on CDs out there, but not many. It is a nice feature that provides protection against falling rates.GMAC Bank's CD interface wasn't that good, and it appears they haven't made any improvements with their website change. The ACH transfers may be treated a little different for CD applications vs. savings account debits/withdrawals. It’s rare for banks to allow you to make additional deposits into a CD. There are a few add-on CDs out there, but not many. It is a nice feature that provides protection against falling rates.

GMAC Bank’s CD interface wasn’t that good, and it appears they haven’t made any improvements with their website change. The ACH transfers may be treated a little different for CD applications vs. savings account debits/withdrawals.

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