MyBankTracker rated Able Banking based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
Last week, the minimum amount to open a MM account was $250. This week, it's $1,000. Even though I got the invitation when the minimum was $250, They still insisted that I put $1,000 in if I wanted to open an account.
You'd think a bank (even if they just opened) would get their story straight if they wanted to get more customers, or at least accommodate those who were told one thing one week, then were told a total different story the week following.
No worries, AbleBank, there are many other banks around who know what they're doing and would love to help me manage my measly $800.
The agent was direct in responding to all of my inquiries, except when it concerned the full list of fees. A simple yes or no would have more than suffice. Certainly, it would have calm any lingering doubts.
Shopped around for weeks. Came down to tiaadirect, bank of internet, americanexpress, and able bank. Ended up going with able bank and am quite happy so far. * best rates (excl tiaa which isn't accepting applications)
* socially responsible banking / good principles
* non-political banking. I'm tired of my money going to banks that pick candidates and lobby. I want them focused on my money and my community.