No. of Recommendations: 0
Regarding my worry factor, when you say

"And linking is maybe a bad term anyway. It just means telling the internet bank your routing and account number for your other banks, and then they can do ACH transfers back and forth. There's no 'connection' other than your online savings account knowing your account information."

I just wonder why they make it mandatory to link? In the sense of a business model... why does a bank need to link to my bank just to accept my money? Couldn't I just write a check to EmigrantDirect? I guess that's what worries me.

Paranoid, maybe, but I am interested in the business model they have in a sense... why require the "link" to someone's bank?

Thanks again for listening,
Mike
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement