|
Originally Posted by rrgg
(Post 34279517)
If you still have a BankDirect checking account, it will be transitioned to Texas Capital Bank July 25th if you take no action.
|
Originally Posted by vickh
(Post 34279561)
I'm surprised why they aren't transitioning it to Basque instead I asked several times during the initial separation
|
Originally Posted by vickh
(Post 34279561)
I'm surprised why they aren't transitioning it to Basque instead I asked several times during the initial separation
I like BD checking for the ATM fee rebates. I'm waiting for TCB to say if I'll still have that feature. |
Originally Posted by rrgg
(Post 34279953)
The PDF says you can convert it to a Bask account, but they don't offer checking.
I like BD checking for the ATM fee rebates. I'm waiting for TCB to say if I'll still have that feature. seems strange that the defaultdoing nothing is Texas capital versus versus bask Any sign up bonus referral for bask? |
It is likely that the interest rate on the Bask savings account will continue to go up. While most bricks-and-mortar banks are much slower to raise deposit rates than the Fed is to raise the fed funds rate, online banks move much more quickly. I wouldn't be surprised at all to see Bask in the 2.5-3.0% range by year-end.
|
Originally Posted by vickh
(Post 34280144)
They don't convert you have to open a new account and do a balance transfer just like any other bank
seems strange that the defaultdoing nothing is Texas capital versus versus bask L |
The default TCB account is "interest checking". It pays 0.1% on your checking balance, which is a positive, but they only refund 4 ATM fees per month.
There's also "premier checking", which pays 0.15% and has unlimited ATM rebates, but you have to maintain $25K daily balance or there's a $25 monthly fee. |
Originally Posted by swag
(Post 34281010)
The default TCB account is "interest checking". It pays 0.1% on your checking balance, which is a positive, but they only refund 4 ATM fees per month.
There's also "premier checking", which pays 0.15% and has unlimited ATM rebates, but you have to maintain $25K daily balance or there's a $25 monthly fee. Either way, or if I close it altogether, it'll mean a new account number, and resetting bill pay, direct deposit, and ACH connections. Not the end of the world, but definitely a headache for those of us using BD as our primary checking account. Thank you for finding the 4 ATM fee refunds! I could not see it in the fee schedule. |
Originally Posted by rrgg
(Post 34281903)
No. If you do nothing, you will still have the same account number and routing number after they convert to TCB. The PDF says that in bold underline.
|
Originally Posted by swag
(Post 34281010)
The default TCB account is "interest checking". It pays 0.1% on your checking balance, which is a positive, but they only refund 4 ATM fees per month.
|
Originally Posted by redtop43
(Post 34280339)
It is likely that the interest rate on the Bask savings account will continue to go up.
|
So with an interest rate of 1.5%, is the Bask Bank Mileage Saving Account still an attractive option? With a 1000 AAdvantage point signup bonus, and $50K parked for a year, one would be getting 51K AA points, while forgoing ~$775 in interest (before taxes).
Also, I read about a 40K signup bonus a few years ago. Does this return periodically? |
Originally Posted by WannaTheater
(Post 34344384)
So with an interest rate of 1.5%, is the Bask Bank Mileage Saving Account still an attractive option? With a 1000 AAdvantage point signup bonus, and $50K parked for a year, one would be getting 51K AA points, while forgoing ~$775 in interest (before taxes).
Also, I read about a 40K signup bonus a few years ago. Does this return periodically? The rest all depends on your valuation of AA miles. I'm taking the interest. |
Originally Posted by WannaTheater
(Post 34344384)
So with an interest rate of 1.5%, is the Bask Bank Mileage Saving Account still an attractive option? With a 1000 AAdvantage point signup bonus, and $50K parked for a year, one would be getting 51K AA points, while forgoing ~$775 in interest (before taxes).
Also, I read about a 40K signup bonus a few years ago. Does this return periodically? |
Only 1.61%? Figured they'd be closer to 2% this week.
|
| All times are GMT -6. The time now is 9:12 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.