Comments on: Discover Bank Promo http://www.jumbocdinvestments.com/cd_rates_blog/2009/05/discover-bank-promo/?utm_source=rss&utm_medium=rss&utm_campaign=discover-bank-promo Your Bridge To Banking Success Thu, 12 Jan 2012 15:23:05 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: CD Rates Blog http://www.jumbocdinvestments.com/cd_rates_blog/2009/05/discover-bank-promo/#comment-103 CD Rates Blog Thu, 10 Sep 2009 13:24:40 +0000 http://jumbocdinvestments.com/cd_rates_blog/?p=277#comment-103 Wow, two bad experiences. I do have a contact at Discover Bank. I'll invite them to leave a comment and see if they have any ideas for correcting the issues. Thank you for leaving comments on your experience. Wow, two bad experiences. I do have a contact at Discover Bank. I’ll invite them to leave a comment and see if they have any ideas for correcting the issues.

Thank you for leaving comments on your experience.

]]> By: David http://www.jumbocdinvestments.com/cd_rates_blog/2009/05/discover-bank-promo/#comment-102 David Thu, 10 Sep 2009 11:13:31 +0000 http://jumbocdinvestments.com/cd_rates_blog/?p=277#comment-102 I opened the online savings account 2% interest with the minimum balance ($500) at Discover Bank. Not easy, constantly needed to give strangers on the other end of the line SSN, mother's maiden name, etc. Their website keeps telling me there is a server error and locks me out of the account. Before moving more money into the account to get that 2% interest, I tried to transfer the funds back out to my savings -- no can do, the money so far is locked up and I can't get it. I wouldn't recommend locking up any large sum of money at this bank, theis website is too flakey and so far I can't get the money out - plus I get conflicting information from their online support (money will be transferred tommorrw) vs person on the phone (I have a negative balance and the funds are on hold 10 days) On the Discover Bank website my balance shows 4 cents, its supposed to be $500.03 ... yikes! I opened the online savings account 2% interest with the minimum balance ($500) at Discover Bank. Not easy, constantly needed to give strangers on the other end of the line SSN, mother’s maiden name, etc.

Their website keeps telling me there is a server error and locks me out of the account. Before moving more money into the account to get that 2% interest, I tried to transfer the funds back out to my savings — no can do, the money so far is locked up and I can’t get it.

I wouldn’t recommend locking up any large sum of money at this bank, theis website is too flakey and so far I can’t get the money out – plus I get conflicting information from their online support (money will be transferred tommorrw) vs person on the phone (I have a negative balance and the funds are on hold 10 days)

On the Discover Bank website my balance shows 4 cents, its supposed to be $500.03 … yikes!

]]> By: CD Rates Blog http://www.jumbocdinvestments.com/cd_rates_blog/2009/05/discover-bank-promo/#comment-101 CD Rates Blog Tue, 16 Jun 2009 18:38:28 +0000 http://jumbocdinvestments.com/cd_rates_blog/?p=277#comment-101 Richard, sorry to hear about the problems. We've worked with Discover Bank on a large scale with our institutional investors and have never had a problem. We've helped place over $100MM. What was the reason for not acknowledging the signature card? Did they claim to not have it? Seems like a new one could have been sent instead of cancelling the account. Hopefully, you will earn interest during the period. Richard, sorry to hear about the problems. We’ve worked with Discover Bank on a large scale with our institutional investors and have never had a problem. We’ve helped place over $100MM.

What was the reason for not acknowledging the signature card? Did they claim to not have it? Seems like a new one could have been sent instead of cancelling the account. Hopefully, you will earn interest during the period.

]]> By: richard http://www.jumbocdinvestments.com/cd_rates_blog/2009/05/discover-bank-promo/#comment-100 richard Tue, 16 Jun 2009 18:31:53 +0000 http://jumbocdinvestments.com/cd_rates_blog/?p=277#comment-100 I've just had a nightmarish experience with Discover Bank. On May 26 funds were transferred to them which they acknowledge. I mailed additional funds with a signature card. They acknowledge the additional funds but refused to acknowledge the signature card. I canceled the account but since they said I don't have a signature card on file, I won't receive the interest during the time that they held the money. Yet talking with another person, they said that I'd receive interest. I've never experienced so many lies in my entire life. I'd never to any business with this bank again I’ve just had a nightmarish experience with Discover Bank. On May 26 funds were transferred to them which they acknowledge. I mailed additional funds with a signature card. They acknowledge the additional funds but refused to acknowledge the signature card. I canceled the account but since they said I don’t have a signature card on file, I won’t receive the interest during the time that they held the money. Yet talking with another person, they said that I’d receive interest. I’ve never experienced so many lies in my entire life. I’d never to any business with this bank again

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