OpenbankReviews of openbank.us

Der Umstellungsstress auf dt. IBAN war unzumutbar stressig, bin bei spanischer geblieben, bei mir läuft alles glatt.

I recently opened my account with Openbank because of the high interest rate. I did read all the details that are clearly outlined on the app that it could take 7 - 9 business days for a transfer for a newly linked account so I was not surprised when it took about 7 business days. I also read when transferring from an already linked account it could take 1 - 3 business days. This is not any different from other HYSA I researched. I am not happy that these take so long but I expected it because I read the details before I signed up. Another HYSA I researched said you could not transfer you funds out for 60 days which. Overall I think Openbank is doing OK for a bank that has only been open for less than 6 months.

So far, so good. Here's my experience so far: - Opened my account transferring funds from my credit union on 11/15, funds were showing in Openbank on 11/19. - Received interest pmt on 12/1/3/25 - Transferred another deposti to Openbank on 12/18/24, funds appeared in Openbank on 12/20/24 - Transferred funds from Openbank back to credit unit (just a test) 12/23, funds were available in credit unit on 12/24 - Interest pmts received on 1/14/25 & 2/14/25 - While these times seems quick, you also need to be aware of the business cutoff times for transfers and banking business hours or your expectations may not be met. I opened this account as an emergency savings account. I have not tried there Customer Service, so no comments here. I don't need or want an ATM card. Rather I want simply a hied yielding account that I can access my funds quickly and transfer them in an efficient way. So, ...So far, so good.

So far, so good... I opened this account because they have a higher APY than everyone but NewTek (who is shady) and even Vanguard Money Market. The app feels old and needs work but is overall functional. I have yet to receive my first interest payment, but I'll take this down and have a field day if there are issues.