Openbank
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I opened up a High Yield Savings…
I opened up a High Yield Savings account with Openbank because they partnered with Verzion my cell company and for the amount I opened the account up for, I would receive $15 a month off my cell phone bill. I transferred the money, went through the process of confirming the two small (less than a dollar) deposits from Openbank. Once my financial account was confirmed, I transferred the initial large sum into the HYSA. It came out of my bank acct on the 18th. It then took Openbank two full business days to process it on their side. At this point they put my account on hold, said it is under review and they will call me to clear this up. The customer service rep, which is not in the United States could not help and said it would have to be somebody from a different department to call me, but did offer for a supervisor to call me. We will see. All of this is an absolute scam to ensure they pay the least amount of interest possible by holding your money for "processing" for days upon end. I will be removing my money promptly tomorrow and moving it back to Ally Savings. Everything with them is 24 business hours. Never failed. Not one time. Getting .8% lower on APR is worth it instead of dealing with the hassle that is Openbank.