Apr 8, 2021, 10:27 am
Last edit by: funnyfarm299
Miles usually post on Bask website on the second business day of the month, to AA a day or 2 later.
Check the "Rewards" section of your Bask dashboard or the Recent Activity section of your AA account.
Current earn rate as of June 2023: 2.5 miles/dollar/year, awarded monthly (no LP's).
Check the "Rewards" section of your Bask dashboard or the Recent Activity section of your AA account.
Current earn rate as of June 2023: 2.5 miles/dollar/year, awarded monthly (no LP's).
Questions on BankDirect, now Bask Bank (consolidated)
May 25, 2022, 11:15 am
#2356
Join Date: Nov 2000
Posts: 1,152
If you still have a BankDirect checking account, it will be transitioned to Texas Capital Bank July 25th if you take no action.
May 25, 2022, 11:56 am
#2357
Join Date: Nov 2006
Location: TLV
Posts: 522
One issue with Bask is no ATM cards. So I'm gonna let my BD checking get moved to TCB to keep the card, but I'll move my BD MM account to my Bask savings for more AA miles. I shoulda moved it to Bask long ago.
May 25, 2022, 1:27 pm
#2358
Join Date: Dec 2004
Posts: 7,903
I like BD checking for the ATM fee rebates. I'm waiting for TCB to say if I'll still have that feature.
May 25, 2022, 2:37 pm
#2359
Join Date: Nov 2000
Posts: 1,152
seems strange that the defaultdoing nothing is Texas capital versus versus bask
Any sign up bonus referral for bask?
May 25, 2022, 3:58 pm
#2360
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
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.
May 25, 2022, 5:23 pm
#2361
Join Date: Dec 2004
Posts: 7,903
I don’t think it’s strange. The default is to convert a checking to a checking account. If the default converted to a bask savings account that would make no sense since your automated bill pay and atm would disappear. That could be a big problem.
May 25, 2022, 10:16 pm
#2362
FlyerTalk Evangelist
Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
Programs: AA lifetime GLD; UA Silver; Marriott LTTE; IHG Plat,
Posts: 14,518
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.
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.
Last edited by swag; May 26, 2022 at 11:17 am
May 26, 2022, 8:17 am
#2363
Join Date: Dec 2004
Posts: 7,903
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.
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.
May 26, 2022, 11:17 am
#2364
FlyerTalk Evangelist
Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
Programs: AA lifetime GLD; UA Silver; Marriott LTTE; IHG Plat,
Posts: 14,518
May 27, 2022, 2:44 pm
#2365
Join Date: Nov 2006
Location: TLV
Posts: 522
4 rebates per month is what we get now with BD, so no change there. However, I don't see language that caps the rebate at $2.50 like at BD, so that's a great improvement if indeed no cap. Some ATMs charge fees upwards of $5. I also wonder if TCB will rebate ATM fees incurred abroad; BD used to years ago but then stopped.
Jun 13, 2022, 10:07 am
#2366
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Jun 17, 2022, 8:41 am
#2367
Join Date: Sep 2009
Programs: AA Executive Platinum, Marriott Lifetime Titanium, IHG Platinum
Posts: 1,442
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?
Also, I read about a 40K signup bonus a few years ago. Does this return periodically?
Jun 17, 2022, 11:26 am
#2368
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,037
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?
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.
Jun 17, 2022, 12:19 pm
#2369
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Not here; there!
Programs: AA Lifetime Gold
Posts: 29,584
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?
Also, I read about a 40K signup bonus a few years ago. Does this return periodically?