I haven't tried it. The lady I spoke to said you had to have a USAA credit card to utilize the Deposit at Home service. I don't need or want another CC! It's really no big deal. I deposit checks in my local bank and then get online and transfer the money into my USAA accounts. Takes a few extra days and a few extra steps but like Rock Pick, I don't have a time constraint.

 

I've used that a few times.

if your eligible, then by all means get a USAA account! I use them for home and auto insurance, home mortgage, auto loans, life insurance,and I'll probably start investments with them in a few months. Service is par none! I've made several insurance claims nearly $10k and never a hassle and never a rate increase.

 

I have an ING Direct Orange savings account. It takes 2 business days to transfer funds into my linked checking account, and there is no ACH fee to do this. It's probably not a suitable primary investment strategy, but it is a good place to safely stash some money with decent interest that you can get at reasonably quickly with no transaction fees. Putting money in is fairly easy too - direct deduction from your linked checking or a wire transfer, ING does have a routing number to use. This may involve fees, my bank charges $3 for an outbound ACH from my checking.

 

If you do the transaction from ING's website, there are no fees associated. It's when you push money from your checking to the ING account using your bank's website, at least that's how Commerce Bank works.

As long as all the transfers (to and from) are completed with ING, your bank won't charge you. The bank will treat it just like any other purchase or deposit made with your checking account.

 

Sorry...I didn't know that part.

R/
Craig

 

I thought some of those online accounts are not FDIC insured. If that is the case, be careful how much you put in them. There are some online money market accounts that are. Check out Ford money Market for a good account.

 

Yeah... FDIC is a must.

I guess another easy way to transfer money from a primary checking into an online account would be to simply write yourself a check and then send it in for depositing into the online account? Again, it'd take a few days but, no fees, I suppose...

Going to do a little more digging but, this looks like a pretty good route to me. It's not a primary investment strategy but more of a supplemental way to go and still keep the funds liquid if they're needed for the unforseen.

Thanks to everyone for the insight and help!

 

You cannot "send" anything in to ING, *ALL* transactions must be electronic done on line or by phone with your linked checking account. It's FDIC insured up to $100k.

http://home.ingdirect.com/products/p...SavingsAccount

 

Per signer and beneficiary ( just incase people didnt know)

 

I just signed up for a high yield checking account through Charles Schwab... 4.25% interest... on Checking!!! No fees... they even refund ALL your ATM fees from other ATMs.
No minimum balance, etc...

Another option is the www.igobanking.com money market... 5.3%, FDIC insured up to $100k.

 

Ahh... well that snubs that last thought. Thanks for the info.

 

I have had a money market account with AM Trust bank for awhile, (OHIO SAVINGS BANK). I transfer mony to and from my regular account with my local bank (on line), and it is next day. MMA's are 5.36% and CD'S depend on amount, and time, up to 6.?? %, you can check at "bank rate" I have been happy with them and I am a tough customer. They are FDIC insured. Swiss online banks are paying up to 8.78 % for CD's last time I checked.