financialtreat – will explain about Getting to Know independent financial bank which has many functions that you will get in the following article. let’s look at this article carefully!
Independent Finance or Bank Keuangan Mandiri used to be known as Independent Bank. This bank is a full-service that offers a variety of rekekning at competitive prices and low fees or no fees.
On this occasion, we will discuss about Bank Keuangan Mandiri. This information is important for you to read because it is related to your financial future and your financial future to be better. curious about what is in this information, let’s see more details.
About Independent or Independent Finance
Independent financial brands were introduced in 2019 to reflect the company’s increasingly diverse business model, but the company itself has been around for more than 30 years. The independent bank is based in Mckinney, Texas providing personal and business banking services with a community focus. its parent company, operating in texas and Colarado premises.
Independent Financial Products
As a full-service bank, Independent Financial provides a wide range of banking and loan products. Customers can also take advantage of wealth management services through Independent Financial partners, namely Private Capital Management. Here’s an overview of the Various Independent products:
- Checking accounts : Basic accounts, rewards, and higher yields, plus Platinum Checking for customers aged 50 years and above Perks such as ATM refunds and free cashier checks, depending on the account.
- Keeping accounts : RealSaver and Regular Basic savings accounts, Competitive Rates with Regular Savings, None or low service fees and high yield Index Fund Accounts for deposits of $1 million or more
- Money Market Account : Tiered interest rates with higher balances earn more and Privileges of writing checks
- Check-free account option with IntroChecking
- Free checking with no fees, no minimum balance requirement, and no minimum opening deposit
- Now Check with an annual yield percentage of 0.05% for balances below $1,500 and 0.10% for balances of $1,500 and higher
- Free Reward Check with ATM fee refunds of up to $20 per month and APY as high as 1.50% if certain conditions are met
- Platinum Checking with free checks, no service fees or balance requirements, and competitive interest rates for customers 50 years of age and older
- Competitive APY compared to many other banks
- Wide range of options
- None or low service fees can be written off
- Intro Checks and Free Checks do not generate interest
Independent Financial Savings Account
Service fees can eat up your savings, but Independent Financial waives a $10 quarterly fee on its Regular savings account when you maintain a minimum daily balance of $250. The REALSaver Savings Account has no monthly service fee, and you get a higher interest rate when you link your checking account and meet the transaction requirements.
High net worth customers with a minimum opening deposit of $25,000 can opt for an Index Fund savings account with tiered rates ranging from 0.10% APY to 0.30% APY. Independent Financial also offers a High-Yield Index Fund designed for deposits of $1 million or more.
- 15% APY on Regular Savings balance of $50 and higher
- 50% APY on REALSaver balance up to $15,000 when checking transaction requirements are met
- Two free REALSaver withdrawals per month, then $2 each
- Minimum opening deposit of $150 for both accounts
- A $15 monthly service fee on index fund accounts, but can be written off
- A quarterly fee of $10 for a Regular Savings balance is waived with a minimum daily balance of $250
- The $15 monthly Index Fund Account fee is waived with a minimum daily balance of $25,000
- EXCELLENT REALSaver APY when qualification criteria are met
- Excessive $2 low withdrawal fee after the sixth withdrawal per month from the Regular Savings account
- No interest on Regular Savings balances below $50
- Must make at least 12 current account debit card purchases and at least one direct deposit or automatic clearing deposit per month to get a preferred rate on the REALSaver balance
- Must have a balance of $100,000 or more to earn the highest Index Fund APY
Independent Financial Money Market Account
The only Money Market Account Independent Financial has tiered interest rates to reward higher balances. You can also write checks directly from your account to help prevent overdrafts.
- Minimum opening deposit of $2,500
- minimum daily balance of $2,500 to avoid a $10 monthly service fee
- Tiered rates ranging from 0.15% APY for balances under $25,000 to 0.35% APY for balances of $250,000 or more
- Higher rates as the balance increases
- Can write checks directly to the account
- Negligible costs
- Eligible for Bounce Protection against overdrafts from 30 days after account opening
- Simple rates for balances under $100,000
Independent Financial CD Account
If you can do without access to your money for a while, a certificate of deposit is a good way to save. Independent Financial CDs are available in terms ranging from 30 days to five years. It’s also a three-year step-up CD with rates that change according to a predetermined schedule during that timeframe.
- Fixed rates ranging from 0.15% APY to 0.45% APY for regular CDs, depending on the timeframe; CD IRA rates range from 0.30% APY to 0.45% APY, depending on the term
- Period from 30 days to five years
- No fees for setting up or maintaining an account
- Early withdrawals are subject to penalties
- Guaranteed deposit returns
- Tax-benefited savings with IRA CDs
- Wide selection of terms
- No premium rates for high balances
Independent Financial is a Texas bank, so your experience will largely depend on your access to branch locations and ATMs. The digital experience is also a factor, especially if you can’t or prefer not to bank directly.
independent financial bank: Customer service
Independent Financial’s Customer Service Department is available by phone Monday through Friday from 8 am to 7 pm CT and Saturday from 9 am to 1 pm Also, you can send and receive safe messages through the mobile application.
Independent finance has more than 90 branches in Texas and Colorado. It’s a good idea to contact your local branch for lobby hours if you need to go inside instead of using the drive-through as most branches have reduced their hours due to the coronavirus pandemic.
Mobile and Digital Experiences
When you can’t come to the branch, you can do your banking digitally from your computer or mobile device. Online banking allows you to do almost everything you’re used to doing at a branch, such as viewing account histories and documents, transferring funds between accounts, and paying bills.
The digital platform integrates with Quicken and QuickBooks to download reports easily. The Independent Finance mobile app is available for both Android and iPhone users.
In addition to the services listed above, the app lets you deposit checks, enroll in text alerts, and pay for purchases with Google Pay, Apple Pay, or Samsung Pay. The app gets quite average reviews from users, however, it gets 3.8 out of 5 stars on Google Play and 3.9 stars on the App Store.
An additional service, Finance360, helps customers take control of their finances by looking at all their bank accounts, no matter where they are. Other features include budgeting, financial tracking and receiving an estimate of the value of real estate.
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Independent Finance value is high for convenience, at least for community-oriented banks. In addition to branch locations, online banking and phone banking, Independent Financial offers free access to more than 30,000 MoneyPass ATMs across the country.
How to Open an Account
Independent Financial does not currently allow customers to open accounts online. Contact Customer Service or your local branch for more information.
That’s a review of Bank Keuangan Mandiri that you can use when you want to find a bank to store your money so that it is safe and well maintained. Hopefully, the information above can help you so many thanks.