 Red Neck Bank |
Important Announcement:
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 Mar 12 2009, 11:08 AM
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#1
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Group: Members
Posts: 387 Joined: 14-November 07 Member No.: 62,331  |
Take a look at http://www.redneckbank.com .
The concept is funny. It's a real bank. I think posting the link will be okay. I just tried to open an account with them and they use Early Warning System. I faxed down a letter requesting reconsideration anyway. Also, take a look at this news story about them which is how I found out about them http://www.tulsaworld.com/news/article.asp..._0_Ifyoud699480  Business LLC established 10/23/2007. DNB 10/2007 Over 200k in unsecured credit established.
LLC#2 Over $50k in unsecured credit established LLC#3 Over 15k in unsecured credit established |
  
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| Googie |
Mar 12 2009, 11:08 AM
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The MoneyMaker
Group: Accounting
Posts: One in Every Topic Joined: 1-February 03 From: Mountain Home, CA Member No.: 1 |
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Mar 12 2009, 01:57 PM
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#2
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CB ombudsman
 Group: Forum Leads
Posts: 18,189 Joined: 8-April 05 From: Florida Member No.: 15,567 |
they are a pita when it comes to doing transfers to another bank or to their bank
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Mar 20 2009, 08:12 AM
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#3
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Group: Members
Posts: 675 Joined: 24-November 08 From: Mass Member No.: 86,082 |
QUOTE (hurricanesfans27 @ Mar 12 2009, 02:57 PM)  they are a pita when it comes to doing transfers to another bank or to their bank What does this mean? Thanks! 
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Mar 20 2009, 08:14 AM
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#4
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Group: Members
Posts: 675 Joined: 24-November 08 From: Mass Member No.: 86,082 |
QUOTE (tophie @ Mar 12 2009, 12:08 PM) I just tried to open an account with them and they use Early Warning System. I faxed down a letter requesting reconsideration anyway. I should have added this to my last post but... Do you have an update on this? I'm wondering how strict they are with EWS. I haven't received my report yet (I mailed for it this week) but I'm in Chex so I'm pretty sure I'm there too. I need to add another bank, I hate relying solely on BofA. Thanks! |
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Mar 20 2009, 08:15 AM
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#5
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CB ombudsman
Group: Forum Leads
Posts: 18,189 Joined: 8-April 05 From: Florida Member No.: 15,567 |
I linked my other bank account with them so I could transfer from bank to bank like I do with Etrade and Fidelity. Well they wont let you do that the first 30 days and now its been 50 and I still havent been able to do that. Im going to call today and raise a little cain about it.
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Mar 20 2009, 08:58 AM
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#6
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Group: Members
Posts: 675 Joined: 24-November 08 From: Mass Member No.: 86,082 |
I just read the deposit account agreement for this bank. Wow.
You're only allowed to withdraw $300 from an ATM per day. You're only allowed to purchase up to $600 per day with the debit card inclusive of ATM withdrawals for the day. Plus, you're authorizing them to do a pull from one or more credit bureaus as well as from EWS. Did you notice any hard pulls on your credit reports? There was a bunch of other stuff in there that I didn't agree with but is probably in all banks deposit account agreements (like the dormant account "we'll give away your money to the state if you haven't used your account in some time. How much time? We don't tell you. It's a surprise. We also don't need to contact you to tell you." clause. That interest rate is awesome though, if you use the debit card 10 times per month and it clears in your account by the time the statement closes, pending doesn't count. It does look fun though and I'm still intrigued by the whole red neck bank concept 
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Mar 20 2009, 10:15 AM
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#7
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Group: Members
Posts: 1,727 Joined: 5-January 09 Member No.: 88,373 |
ummmm.... not sure I'd like taking out a card that says redneck on it when I am making the minimal purchases.
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Jun 21 2009, 12:50 PM
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#8
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Group: Members
Posts: 387 Joined: 14-November 07 Member No.: 62,331 |
Well I still have the account, they credit all my checks with no holds and I have the overdraft protection. I've had no problems with transfers or wires. It did take me a little bit of time to get the card. I ordered checks elsewhere. I only know of them pulling EWS.
Business LLC established 10/23/2007. DNB 10/2007 Over 200k in unsecured credit established.
LLC#2 Over $50k in unsecured credit established LLC#3 Over 15k in unsecured credit established |
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Jun 21 2009, 01:04 PM
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#9
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CB ombudsman
Group: Forum Leads
Posts: 18,189 Joined: 8-April 05 From: Florida Member No.: 15,567 |
QUOTE (tophie @ Jun 21 2009, 12:50 PM) Well I still have the account, they credit all my checks with no holds and I have the overdraft protection. I've had no problems with transfers or wires. It did take me a little bit of time to get the card. I ordered checks elsewhere. I only know of them pulling EWS. They didnt pull credit with me either. |
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