Comments on: What I Consider When Selecting an Online Savings Account

By: Around the PF Blogosphere: August 29, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Thu, 30 Aug 2007 01:45:46 +0000

[...] Savings Blogs posted 11 online banking features you want to have. When I choose an online bank, no feature is attractive if the rate is not [...]

By: Time Magazine Story about ING Direct | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Thu, 21 Jun 2007 15:33:12 +0000

[...] me, however, customer service doesn’t play a decisive role in choosing an online bank. What matters the most is rate. If their rate is not competitive, I don’t see myself going [...]

By: Not Made Of Money : Personal Finance Roundup For May 8, 2007

Not Made Of Money : Personal Finance Roundup For May 8, 2007 — Tue, 08 May 2007 11:35:54 +0000

[...] The Sun’s Financial Diary lists What I Consider When Selecting an Online Savings Account. [...]

By: » The Carnival is Up! on Consumerism Commentary: A Personal Finance Blog

» The Carnival is Up! on Consumerism Commentary: A Personal Finance Blog — Tue, 08 May 2007 04:25:15 +0000

[...] What I Consider When Selecting an Online Savings Account by The Sun’s Financial Diary [...]

By: Carnival Of Personal Finance #99 - Awesome Money Quotes Edition

Carnival Of Personal Finance #99 - Awesome Money Quotes Edition — Mon, 07 May 2007 12:09:33 +0000

[...] What I Consider When Selecting an Online Savings Account by Sun @ The Sun’s Financial Diary. Apart from high interest rates what other things would you consider when selecting an online savings account? Sun tries to provide an answer. [...]

By: Sun

Sun — Mon, 07 May 2007 11:45:02 +0000

Though I never saw the official definitation of transfer-out, I think it refers to any money move out of your account through the account’s fund transfer function, instead of through bill-pay function. Once you have an accoiunt with a bank, you are allowed to set up a number of external fund transfers by using routing numbers and account numbers. Any money transferred to these external accounts belongs to transfer-out.

I never tried to use bill pay fro these online banks, so I don’t know if that would be considered as part of transfer-out.

By: Mighty Bargain Hunter » Roundup for week of 30 April 2007

Mighty Bargain Hunter » Roundup for week of 30 April 2007 — Sun, 06 May 2007 03:48:28 +0000

[...] The Sun’s Financial Diary spills what to consider when selecting an online savings account. [...]

By: Mighty Bargain Hunter » Roundup for week of 30 April 2007

Mighty Bargain Hunter » Roundup for week of 30 April 2007 — Sun, 06 May 2007 03:48:28 +0000

[...] The Sun’s Financial Diary spills what to consider when selecting an online savings account. [...]

By: ct

ct — Sat, 05 May 2007 03:01:04 +0000

Thanks for pointing out the transfer-out limit. What is the difinition for tranfer-out or bill payment? The bill payment has no limit. I guess I can pay bank B from bank A or transfer from bank A to bank B. Can we use payment to solve the transfer-out limit?

Thanks!

By: Sun

Sun — Fri, 04 May 2007 19:36:59 +0000

Zeron: Actually, you reminded me what I missed in the post: the reputation of the bank. I don’t use a bank that nobody has ever heard of. When a bank is new to me, I usually search to see what others say about the bank and how long they have been around. The longer the history, the better. If the online bank is just a division of a brick and mortar that has been around for a while, I usually think it’s safe. IGoBanking is an example. It’a division of Flushing Savings Bank in NY.

By: Zeron

Zeron — Fri, 04 May 2007 18:32:14 +0000

I am hesitant to open too many bank accounts especially if the bank is small or new because of security issues. These banks asks for ssn, birthdate, address, etc. I just can’t trust the security infrastructure of these banks. Security is a big priority for me nowadays because of identity theft growing rapidly.