Igobanking Complaint - Warning! - Online Bank
While recently searching for a high rate of return on a savings account, I selected bankrate.com to do my search.
I selected igobanking.com, based in Lake Success, NY, which has a three-star (out of five) rating and advertises 'Online or by mail today! Real Simple. Real Smart. FDIC Insured.'
There was some language in the terms and conditions which gave cause for a little concern, to paraphrase: the account owner may not recoup a loss due to error if the error is not reported within 60 days. But there was other language which seemed to be in favor of the account owner also.
I started opening an account and gave my account number and routing number in order to fund the account--and then the site requested my login id and password that I used to access my account.
Note: the site was not requesting that I make up a login and password for my new account with igobanking.com, it requested the login id and password that I used to access the account for which I had just given them all my information.
Of course, I stopped there, but some may not. Please BEWARE!!