How Soon Can I Close My Popular Direct Account Without It Costing Me?

RJM
  |     |   499 posts since 2011

Because I am sure many of us are thinking that, I went back & found the details from Kens original post.

Won't be too painful to leave $500 in there for 4 more months. (I recently made it 60 days) Just do not want to go below $500.

$4 monthly service fee if the balance on any day is below $500.

$25 early closing fee if account is closed within 180 days of opening.

$5 monthly dormancy fee if there has been no activity for 12 months.

Withdrawals only allowed via an external account, internal transfer to another Popular Direct account, or ACH.

$5 fee for each additional debit exceeding the limit of six per statement cycle.

Deposits only allowed via an external account, internal transfers to another Popular Direct account, ACH, or Popular Direct mobile app.



Answers
pattyb53
  |     |   7 posts since 2010
Yesterday I ACH transferred out all my funds, leaving $500. I haven't had a problem with Popular Direct 2.% Exclusive Savings. But, since opening the new Northern Bank Direct 2.26% MM account I thought I'd best withdraw my funds. Too many unpopular stories floating around!!
yulp
  |     |   14 posts since 2018
any updates on getting money transferred from these "popular" people?
RJM
  |     |   499 posts since 2011
I did it twice last week. Once small, another large.


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