With the promotion period nearing an end and with the above concerns, FNBO Direct withdrawals will likely be on people's minds. So I decided to do some more tests. So far I've been able to transfer some money out of my FNBO Direct account without problems. Instead of initiating a withdrawal from inside FNBO Direct, I initiated it from my GMAC Bank account. With FNBO Direct threatening people with account holds, I wanted to make sure that debits initiated from another bank wouldn't cause an issue. So I asked FNBO about this via their message form. After about 5 days of waiting, I finally received their response by email saying that I am "able to do such transactions."
I am happy to report that the transfer that I initiated from my GMAC Bank account went through okay and without any apparent loss of interest. I initiated the request on Sunday morning (8/19). The money was listed as debited from my FNBO Direct account on Tuesday (8/21) and it showed up as credited to my GMAC account on Tuesday (8/21).
So initiating withdraws from a bank like GMAC seems to be the best way. Note, these withdrawals would count the same as those initiated at FNBO for the 6 per month withdrawal limit.
In my last FNBO survey, 51% of the 353 people who responded claimed to have received an employment history request from FNBO Direct. The survey started before that email mistake. So some people could have included this mistake email in their vote. But even before that mistake email, many people had voted that they had received these employment request emails.
A reader in my last FNBO post asked if I could do another poll about who is withdrawing money and how much is being withdrawn. So here it is. Based on your maximum balance that you had with FNBO Direct, how much of that have you withdrawn?
To view the results without voting, here's the link to the results.
In my poll questions, I consider "withdrawan all or almost all" as someone who may have left a few dollars in the account. For "no significant withdrawals done", I would consider this if you've only done a couple of small test withdrawals to get a feel of the transfer process.
For a summary of the FNBO Direct savings account and the 6% promotion, please see my FNBO Direct account overview or for all of my previous FNBO Direct posts, please see this page.