Comments on: American Express Online Savings Account 1.15% APY http://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/#comment-64371 Sun Thu, 24 Feb 2011 13:41:19 +0000 http://www.thesunsfinancialdiary.com/?p=4063#comment-64371 I didn't know account verification requires document from SSA. Usually, banks do require ID and SSN verification, but most of them can be done by mailing a signature card which also serves as the verification of the SSN provided during account application is correct. I never had any bank ask me to provide anything from our bank. I didn’t know account verification requires document from SSA. Usually, banks do require ID and SSN verification, but most of them can be done by mailing a signature card which also serves as the verification of the SSN provided during account application is correct. I never had any bank ask me to provide anything from our bank.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/#comment-64370 Sun Thu, 24 Feb 2011 13:37:22 +0000 http://www.thesunsfinancialdiary.com/?p=4063#comment-64370 Sorry to hear your experience. Did they give you any reason why it takes longer than usual? I don't have an account with AMEX, but with others and it usually takes the same amount of time to clear the fund, regardless the amount of money being transferred. Sorry to hear your experience. Did they give you any reason why it takes longer than usual? I don’t have an account with AMEX, but with others and it usually takes the same amount of time to clear the fund, regardless the amount of money being transferred.

]]> By: Natagliahttp://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/#comment-64369 Nataglia Thu, 24 Feb 2011 13:16:09 +0000 http://www.thesunsfinancialdiary.com/?p=4063#comment-64369 I have a savings account with AMEX and they have been holding my money hostage for about 6 days already. I called them 2 days ago and they said it would be available the next day so when that didn't happen I called again and they told me another 2 days. I have made at least 10 transfers to and from the account and it has never taken this long. Yes it is a larger amount that I transferred but they also said it doesn't matter how much I transfer, the hold will be the same. They do have a high interest rate but if they are going to continue to do this then I prefer not having an account with them! I have a savings account with AMEX and they have been holding my money hostage for about 6 days already. I called them 2 days ago and they said it would be available the next day so when that didn’t happen I called again and they told me another 2 days. I have made at least 10 transfers to and from the account and it has never taken this long. Yes it is a larger amount that I transferred but they also said it doesn’t matter how much I transfer, the hold will be the same. They do have a high interest rate but if they are going to continue to do this then I prefer not having an account with them!

]]> By: Dianehttp://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/#comment-64293 Diane Sat, 05 Feb 2011 23:48:28 +0000 http://www.thesunsfinancialdiary.com/?p=4063#comment-64293 This account process has been a nightmare! We applied over a month ago, and a week later we got a letter requesting a letter of identity verification from our bank. We went to our bank and sent that in, and then 2 weeks later they sent another letter requesting a letter from the social security administration. This is ridiculous! Are people supposed to take a day off work to wait a couple hours at the SS office for a lousy savings account? The customer service agent's other advice was to try to apply again and see if we get a different result. This seems very suspicious and I am fed up with their inconsistency and lack of respect for their customers' time. This account process has been a nightmare! We applied over a month ago, and a week later we got a letter requesting a letter of identity verification from our bank. We went to our bank and sent that in, and then 2 weeks later they sent another letter requesting a letter from the social security administration. This is ridiculous! Are people supposed to take a day off work to wait a couple hours at the SS office for a lousy savings account? The customer service agent’s other advice was to try to apply again and see if we get a different result. This seems very suspicious and I am fed up with their inconsistency and lack of respect for their customers’ time.

]]> By: kevinhttp://www.thesunsfinancialdiary.com/personal-finance/american-express-bank-online-savings-account-2-apy/#comment-64220 kevin Fri, 21 Jan 2011 01:08:00 +0000 http://www.thesunsfinancialdiary.com/?p=4063#comment-64220 poke with a very nice rep (rachel) today and will transfer a large sum from my ameritrade savings getting .7% (lowered from.8% last month).WHEN is Ben Bernanke going to stop screwing the American saver and FORCING them to chase yield in the stock market? As U.S. saver essentially supplement BANK earnings with this huge hose job!!Nice job BENNY......devalue the dollar and cause commodity inflation worldwide as USA savers get shafted! poke with a very nice rep (rachel) today and will transfer a large sum from my ameritrade savings getting .7% (lowered from.8% last month).

WHEN is Ben Bernanke going to stop screwing the American saver and FORCING them to chase yield in the stock market? As U.S. saver essentially supplement BANK earnings with this huge hose job!!

Nice job BENNY……devalue the dollar and cause commodity inflation worldwide as USA savers get shafted!

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