6% APR for a saving MANGO account
- Thread starter goals^n^dreams
- Start date
Yea I got hit with the monthly fee retries when I did my $500 transfer as well. Surprisingly, they only hit me with 5, i.e. the ones I missed this year only. Well, it was fun to get the no fees while it lasted but I'm OK with paying back what I tried to cheat LOL. Like you said, it's still good to get the 5%, especially after the Netspend changes. Now that one REALLY hurts!
RRD
Level 2 Member
1. Yes. 2. Yes, the fee retry entry does exist for this month if that is what you wanted to know.
RRD
Level 2 Member
This month they retried twice - once for July and once for June - for some reason they did not deduct the fee for the month of June from my account.
henrygeorge
Level 2 Member
I've tried twice now to link my Alliant account. But the test deposits never show up in transactions on Mango.
henrygeorge
Level 2 Member
I called Alliant. They've said Sunrise is rejecting the transfer because "account does not exist". Alliant read the account back to me, and it's absolutely correct. I'm trying to link to Checking. Am I doing this wrong? I haven't yet opened the Savings as I wanted to move the money first.
How old is your Mango account? If it predates the switch to Visa, try routing # 114994196. If your account has always been a Visa, I think you need to use routing # 091017138. Also ensure you're using the account number on the direct deposit form, not the card number.
henrygeorge
Level 2 Member
New Mango. Opened in June. I'm using the correct Routing/Account- from my DD form.
I tried linking Capital One 360 last night. This morning Cap1 sent me an email:
It seems Mango is actively blocking P2P links. They accepted a DD from a portal this week to the same Account/Routing. Of course Mango agents are absolutely useless.
haserfauld
Level 2 Member
New terms kill this as we know it.
Code:
https://www.mangomoney.com/customer-agreements/mango-savings-change-in-terms-letter-effective-9116/Looks like you can ACH $800 in and use the prepaid card to get the higher rate. Increases the monthly fee a bit, but still profitable.
vinyalwhl
Level 7 Panda Tamer and All-round Good Guy
Clever fix on Mangos part
haserfauld
Level 2 Member
Alternatively, ACH in and out every other month. Net 3% account. Schedule in the 30th, out the 1st, to minimize time of your $800 being out of your 1% account.
MrMcBean
Level 2 Member
I plan to ACH in and MO out monthly
henrygeorge
Level 2 Member
When they see all these $800.70 pin txns, they're going to change the requirement to minimum # of txns, or require it be credit txn. My bet is Jan 2017.
they take more than 1/3 of the interest with the monthly fee, not worth it
ACHing out though will net you only 2% interest. You will fail to meet the "net direct deposit" amount. It would be the same as if you never did the $800 ACH in. As someone vaguely mentioned above, the only option is to use the prepaid card (which I need to reorder) and spend "$800.70". Well I would spend exactly $800 with the fee buried in that.
LOL. Yea it's probably going to go south fast. However until then, I'm going to milk this debit transaction.
haserfauld
Level 2 Member
I was referring to ACH in month 1, ACH out month 2. Earning 6%/2%/6%/2% etc. Assuming the "net" is per month and not a running total.
Oh ok. Gotcha.
RRD
Level 2 Member
Why not do this instead ... (6%, 6%, 6%, 6%, 6%, 2% ) x 2 in a year ?
RRD
Level 2 Member
Yes.
LOL Citi isn't any better unless you are targeted for the bonus. I've lost the battle twice over for getting my 50k AA miles from them from last year.