Don't do it. Brio will massively tie up your funds and charge you high fees for it. Once they show ACH transfers inbound clear and funds available, if you try transferring any funds out, there are additional holds placed on the originally cleared funds, as well as the transfer holds, making your available balance negative. Then transfers will fail due to lacking "available" funds, which were available at the time of transfer. Each fee for this is $35 and they do retry failed transfers without checking if the funds are currently "available". Then they will likely flag your account, request additional verification documents, and the account will be suspended for who knows how long until they get around to processing these documents. There seems to be good potential for a class action lawsuit against this bank - Brio/Webster.
ONLINE BANKS | APY? | MIN? | ||
---|---|---|---|---|
|
4.55% |
$5,000 |
Learn More | |
Last change: ↑0.15% on March 22. |
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|
4.55% |
$1,000 |
Learn More | |
Last change: ↓0.50% on October 1, 2024. |
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|
4.50% |
$500 |
Learn More | |
Last change: ↑0.20% on January 18. |
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|
4.50% |
$1,500 |
Learn More | |
Last change: ↓0.15% on January 25. |
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|
4.50% |
$500 |
Learn More | |
Last change: ↓0.50% on February 25. |
GA_Customer
Mar 8, 2024 |